Common use of Fifth Payment Clause in Contracts

Fifth Payment. Within ten calendar days after the Annual Determination for the calendar year 2005 and any adjustments thereto have become binding on the parties as herein provided, a fifth payment ("IP-5") (but only if the amount is a positive number), calculated as follows: MINUS (IP-1 + IP-2 + IP-3 + IP-4)

Appears in 1 contract

Samples: Share Purchase Agreement (Organic Inc)

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Fifth Payment. Within ten calendar days after the Annual Determination for the calendar year 2005 2004 and any adjustments thereto have become binding on the parties as herein provided, a fifth payment ("IP-5") (but only if the amount is a positive number), calculated as follows: MINUS (IP-1 + IP-2 + IP-3 + IP-4):

Appears in 1 contract

Samples: Share Purchase Agreement (Organic Inc)

Fifth Payment. Within ten calendar days after the Annual Determination for the calendar year 2005 2004 and any adjustments thereto have become binding on the parties as herein provided, a fifth payment ("IP-5") (but only if the amount is a positive number), calculated as follows: 3 IP-5 = 1P-5 MULTIPLE x 2002 PBT + 2003 PBT + 2004 PBT x 0.60 x O MULTIPLE ------------------------------ 3 MINUS (IP-1 + IP-2 $3.1 MILLION + IP-3 + IP-4)

Appears in 1 contract

Samples: 1 Share Purchase Agreement (Nelson Jonathan M)

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Fifth Payment. Within ten calendar days after the Annual Determination for the calendar year 2005 and any adjustments thereto have become binding on the parties as herein provided, a fifth payment ("IP-5") (but only if the amount is a positive number), calculated as follows: MINUS IP-5 = IP-5 Multiple x 2003 PBT + 2004 PBT + 2005 PBT x 0.60 x O Multiple ------------------------------ 3 minus (IP-1 + IP-2 + IP-3 + IP-4)

Appears in 1 contract

Samples: Share Purchase Agreement (Seneca Investments LLC)

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