2014 Budget Sample Clauses
2014 Budget. After the execution and delivery of this Agreement and prior to Closing, the Company and Parent shall cooperate in good faith to jointly prepare a budget and business plan for the Company for the 2014 calendar year to be implemented after the Effective Time.
2014 Budget. Notwithstanding the foregoing, the PORTAL AGENCY budget for the year 2014 will be formally adopted by action of the Executive Board promptly following incorporation of the PORTAL AGENCY and need not be submitted for approval by the Original Principals. The proposed 2014 budget is set forth at Exhibit A. By approving this Agreement each Original Principal also approves their contribution to the 2014 budget in an amount not to exceed that shown in Exhibit A, promptly following the date the PORTAL AGENCY is incorporated.
2014 Budget. The budget for fiscal year 2014, and attached hereto as Exhibit I (the “2014 Budget”).
2014 Budget. June – December $2,454,200 Amount of projected 340Basic Script Revenue in budget - already approved by the Board Minimum Exclusivity Fee 5%* $85,897 Amount payable for the period if cash receipts do not exceed 70% of budget Per Budget Exclusivity Fee 5%* $122,710 Amount payable for the period if cash receipts equal 100% of 340Basic Script Revenue projected in the budget 2015 Budget $9,727,200 Estimated amount of projected 340Basic Script Revenue in budget (NB: not yet approved by the Board) –Minimum Exclusivity Fee 5%* $340,452 Amount payable for the period if cash receipts do not exceed 70% of budget Per Budget Exclusivity Fee 5%* $486,360 Amount payable for the period if cash receipts equal 100% of 340Basics Script Revenue projected in the budget * If GENEX brings in clients, it will be paid an additional 2% on receipts from such clients