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Common use of Minimum Floor Clause in Contracts

Minimum Floor. Notwithstanding the formula set forth above, no MSUs will be eligible for vesting if “C” equals less than 50% of “B”.

Appears in 2 contracts

Sources: Market Stock Unit Award Agreement (Wellcare Health Plans, Inc.), Market Stock Unit Award Agreement (Wellcare Health Plans, Inc.)

Related Clauses

  • Minimum Monthly Rent
  • Minimum Annual Rent
  • Minimum Balance
  • Royalty Floor
  • Maximum Annual Operating Expense Limit

Parent Clauses

  • Payments
  • Additional Supply Transfer Price and Back Up Royalty Terms
  • Purchase and Sale
  • Royalties
  • Financial Provisions

Sub-Clauses

  • Audit Right
  • GSK Agreement IP
  • Joint Agreement IP
  • Audit Fees
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