Common use of Cash Inflows Clause in Contracts

Cash Inflows. If the Company receives a Cash Inflow at any time during the Bonus Term, the Ten Percent Growth Amount shall be increased by the targeted growth in the equity value of that Cash Inflow (that is, the amount by which the Cash Inflow would grow at an annual growth rate of 10% compounded monthly for the remainder of the term), determined by the following formula: (CI * (1.00834^M))-CI Where: CI = the amount of the Cash Inflow, and M = the remaining months in the Bonus Term, inclusive of the month in which the Cash Inflow is received.

Appears in 1 contract

Sources: Employment Agreement (North East Insurance Co)

Cash Inflows. If the Company receives a Cash Inflow at any time during the Bonus Term, the Ten Fifteen Percent Growth Amount shall be increased by the targeted growth in the equity value of that Cash Inflow (that is, the amount by which the Cash Inflow would grow at an annual growth rate of 1015% compounded monthly for the remainder of the term), determined by the following formula: (CI * (1.00834^M))-CI 1.0125^M))-CI Where: CI = the amount of the Cash Inflow, and M = the remaining months in the Bonus Term, inclusive of the month in which the Cash Inflow is received.

Appears in 1 contract

Sources: Employment Agreement (North East Insurance Co)