Calendar Year 1996 Sample Clauses

Calendar Year 1996. A determination of the Options to which Executive will be entitled for the calendar year 1996 shall be based on a combination of the annual line growth (representing 25% of the grant) and the Operating Income Before Interest, Taxes, Depreciation and Amortization (representing 75% of the grant). The payout formula is as follows: Less than 90% of objective = 0% of award 90% to 94.9% of objective = 70% of award 95% to 99.9% of objective = 85% of award 100% to 104.9% of objective = 100% of award 105% to 110% of objective = 115% of award The objectives for annual line growth and Operating Income Before Interest, Taxes, Depreciation and Amortization are those previously established and agreed to by Executive and the Company in the 1995 Agreement and a letter dated May 1, 1996. The Options will be priced at the lowest closing sale price during either January or December of 1996. The terms of the Options shall be set forth in a written stock option contract and shall contain an exercise period beginning on April 1, 1997 and ending on March 31, 2002. The shares of Common Stock purchased through such Options shall be delivered to Executive as soon as reasonably practicable following written notice of exercise.
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Related to Calendar Year 1996

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • Limitation Year The Limitation Year is: (Choose (c) or (d)) [ x ] (c) The Plan Year. [ ] (d) The 12 consecutive month period ending every _____.

  • Adjustment of Minimum Quarterly Distribution and Target Distribution Levels (a) The Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution, Third Target Distribution, Common Unit Arrearages and Cumulative Common Unit Arrearages shall be proportionately adjusted in the event of any distribution, combination or subdivision (whether effected by a distribution payable in Units or otherwise) of Units or other Partnership Securities in accordance with Section 5.10. In the event of a distribution of Available Cash that is deemed to be from Capital Surplus, the then applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, shall be adjusted proportionately downward to equal the product obtained by multiplying the otherwise applicable Minimum Quarterly Distribution, First Target Distribution, Second Target Distribution and Third Target Distribution, as the case may be, by a fraction of which the numerator is the Unrecovered Capital of the Common Units immediately after giving effect to such distribution and of which the denominator is the Unrecovered Capital of the Common Units immediately prior to giving effect to such distribution.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Multi-Year Planning The CAPS will be in a form acceptable to the LHIN and may be required to incorporate (1) prudent multi-year financial forecasts; (2) plans for the achievement of performance targets; and (3) realistic risk management strategies. It will be aligned with the LHIN’s then current Integrated Health Service Plan and will reflect local LHIN priorities and initiatives. If the LHIN has provided multi-year planning targets for the HSP, the CAPS will reflect the planning targets.

  • Multi-year Planning Targets Schedule A may reflect an allocation for the first Funding Year of this Agreement as well as planning targets for up to two additional years, consistent with the term of this Agreement. In such an event, the HSP acknowledges that if it is provided with planning targets, these targets:

  • Calendar Quarter January through March, April through June, July through September, or October through December.

  • Plan Year The year for the purposes of the plan shall be from September 1 of one year, to August 31, of the following year, or such other years as the parties may agree to.

  • Planning Period  Middle and High School teachers shall have one normal instructional period each day as preparation time or a cumulative plan time each week that would be equal to 160 minutes per four

  • Calendar 1. Applications/information on nominated students must reach the receiving institution by: Receiving institution [Erasmus code] Autumn term* [month] Spring term* [month] [* to be adapted in case of a trimester system]

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