Qualifying ▇▇▇▇▇▇▇▇ Revenue Performance Sample Clauses

Qualifying ▇▇▇▇▇▇▇▇ Revenue Performance. Buyer will pay Seller a variable contingent payment based on and contingent upon the amount of ▇▇▇▇▇▇▇▇ to customers made by the Buyer’s branch offices that exist immediately prior to the Closing Date, and excluding the Sacramento Business and the Hosting Business, of the products and services listed on Exhibit B hereto (the “Qualifying ▇▇▇▇▇▇▇▇”). As used in this Agreement, this component of the Additional Purchase Consideration shall be referred to as the “Qualifying ▇▇▇▇▇▇▇▇ Earnout”. The Qualifying ▇▇▇▇▇▇▇▇ component of the Additional Purchase Consideration will be calculated and paid in two components, the first based on Qualifying ▇▇▇▇▇▇▇▇ during the First Year Measurement Period and the second based on Qualifying ▇▇▇▇▇▇▇▇ during the Second Year Measurement Period, as set forth below. (i) First Year. The first year component will be based on achievement of Qualifying ▇▇▇▇▇▇▇▇ during the First Year Measurement Period and will be equal to $360,000 times the Attainment Percentage (defined below). As used in this Section 1.7(c)(i), the term “Performance Ratio” shall mean the percentage resulting from dividing actual Qualifying ▇▇▇▇▇▇▇▇ during the First Year Measurement Period by $9,500,000. After establishing the Performance Ratio, the percentage used to calculate this component of the Additional Purchase Consideration shall be calculated (as used in this Section 1.7(c)(i), the “Attainment Percentage”) as follows: The Attainment Percentage shall be equal to the Performance Ratio if the Performance Ratio is 100%, however, if the Performance Ratio is less than 100%, the Attainment Percentage shall be reduced by 2% for each 1% that the Performance Ratio is less than 100%, and if the Performance Ratio is more than 100%, the Attainment Percentage shall be increased by 1% for each 2% that the Performance Ratio exceeds 100%;provided, however, if the above calculation results in an Attainment Percentage that is less than 50%, then the Attainment Percentage shall be zero, and if such calculation results in an Attainment Percentage that is greater than 150%, the Attainment Percentage shall be 150%.
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Related to Qualifying ▇▇▇▇▇▇▇▇ Revenue Performance

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Quarterly Contractor Performance Reporting Customers shall complete a Contractor Performance Survey (Exhibit I) for each Contractor on a Quarterly basis. Customers will electronically submit the completed Contractor Performance Survey(s) to the Department Contract Manager no later than the due date indicated in Contract Exhibit D, Section 17, Additional Special Contract Conditions. The completed Contractor Performance Survey(s) will be used by the Department as a performance-reporting tool to measure the performance of Contractors. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MyFloridaMarketPlace or on the Department's website).

  • Continuing Performance In the event of a dispute, the Owner and the Developer agree to continue their respective performance hereunder to the extent feasible in light of the dispute, including paying ▇▇▇▇▇▇▇▇, and such continuation of efforts and payment of ▇▇▇▇▇▇▇▇ shall not be construed as a waiver of any legal right.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.