Promote Clause Samples

Promote. To elevate an employee to a classification which requires the exercise of greater talent or knowledge and which commands a higher wage rate.

Promote the participation of all regions; women; ownership of the ACT Alliance; commitment to the ACT Alliance; and the coherence and inter-relationship of humanitarian and development work.

Promote. Reproduce and distribute through any media now known or hereafter developed excerpts of the Proprietary Content solely in advertisements for and marketing and promotional materials related to the Network and the Magazine Sites.

Promote. Upon the earlier of (a) a termination of this Agreement pursuant to Section 12(b)(i), (b) a termination of this Agreement pursuant to Section 12(c)(ii), and (c) the date that is 42 full calendar months after the date of this Agreement, the Company shall pay to the Manager, on the date of the relevant termination or other event or as promptly thereafter as practicable, a cash promote payment (the “Promote”) if the Company TSR Percentage exceeds 10% during the Measurement Period. The Promote shall be calculated, without duplication, as follows: (i) to the extent that the Company TSR Percentage exceeds 10% during the Measurement Period, the Promote shall equal the product of: (x) the weighted-average number of Common Shares outstanding during the Measurement Period (calculated on a fully-diluted basis in accordance with GAAP), multiplied by (y) the product of (A) 10%, multiplied by (B) the difference of (I) the Company TSR Amount not to exceed a Hurdle TSR Amount implied by a Company TSR Percentage during the Measurement Period of 12.5%, less (II) a Hurdle TSR Amount implied by a Company TSR Percentage during the Measurement Period of 10%;

Promote. Upon the earlier of (a) a termination of this Agreement pursuant to Section 12(b)(i), (b) a termination of this Agreement pursuant to Section 12(c)(ii), and (c) the date that is 42 full calendar months after the date of this Agreement, the Company shall pay to the Manager, on the date of the relevant termination or other event or as promptly thereafter as practicable, a cash promote payment (the “Promote”) if the Company TSR Percentage exceeds 10% during the Measurement Period. The Promote shall be calculated, without duplication, as follows: (i) to the extent that the Company TSR Percentage exceeds 10% during the Measurement Period, the Promote shall equal the product of:

Promote. (a) The General Partner hereby agrees, with respect to any payment of the GP Promote received by the General Partner, to pay to the Advisor the Shared Portion. (b) The Shared Portion provided for herein shall be due and payable within ten days after receipt by the General Partner of a payment of the GP Promote from the Partnership. (c) It is the intent of the parties hereto that the General Partner shall be required to make a payment to the Advisor of the Shared Portion, solely in the event of and to the extent of the receipt by the General Partner of a payment of the GP Promote from the Partnership and that the General Partner shall be the only party liable for payment of the Shared Portion. The parties hereto agree that IPT, its subsidiaries and its affiliates (other than the General Partner) shall not be responsible or liable for any payments of the Shared Portion to the Advisor or any other party as a result of this Agreement. This Agreement shall not create any right of the Advisor to any payment from IPT or any of its subsidiaries or affiliates, other than as expressly set forth herein with respect to payment of the Shared Portion by the General Partner. Subject to the payment and adjustment mechanism set forth in Section 2 above, with respect to IPT’s percentage interest in the Partnership, the Advisor shall continue to be paid only those fees set forth in the Advisory Agreement, as amended from time to time. (d) The parties hereto agree that the General Partner’s maximum liability under this Section 3 shall be limited exclusively to any Shared Portion that shall have been received by the General Partner and not paid to the Advisor as required pursuant to Section 3(a) hereof. (e) To the extent permitted in the Partnership Agreement, the General Partner may at any time direct that the Shared Portion be paid directly by the Partnership to the Advisor. (f) To the extent the General Partner is required to return to the Partnership any amount of the Shared Portion that the General Partner has previously paid or caused to be paid to the Advisor hereunder, the Advisor hereby agrees to return to the General Partner an equivalent or pro rata amount, as appropriate.

Promote. Upon the earlier of (a) a termination of this Agreement pursuant to Section 12(b)(i), (b) a termination of this Agreement pursuant to Section 12(c)(ii), and (c) the date that is 36 full calendar months after the date of this Agreement, the Company shall pay to the Manager, on the date of the relevant termination or other event or as promptly thereafter as practicable, a cash promote payment (the “Promote”) if the Company TSR Percentage exceeds 10% during the Measurement Period. The Promote shall be calculated, without duplication, as follows: (i) to the extent that the Company TSR Percentage exceeds 10% during the Measurement Period, the Promote shall equal the product of: (x) the weighted-average number of Common Shares outstanding during the Measurement Period (calculated on a fully-diluted basis in accordance with GAAP), multiplied by (y) the product of (A) 10%, multiplied by (B) the difference of (I) the Company TSR Amount not to exceed a Hurdle TSR Amount implied by a Company TSR Percentage during the Measurement Period of 12.5%, less (II) a Hurdle TSR Amount implied by a Company TSR Percentage during the Measurement Period of 10%; (ii) to the extent that the Company TSR Percentage exceeds 12.5% during the Measurement Period, the Promote shall equal the sum of: (x) the amount under (i) above, plus (y) the product of: (A) the weighted-average number of Common Shares outstanding during the Measurement Period (calculated on a fully-diluted basis in accordance with GAAP), multiplied by (B) the product of (I) 15%, multiplied by (II) the difference of (1) the Company TSR Amount not to exceed a Hurdle TSR Amount implied by a Company TSR Percentage during the Measurement Period of 15%, less (2) a Hurdle TSR Amount implied by a Company TSR Percentage during the Measurement Period of 12.5%; and (iii) to the extent that the Company TSR Percentage exceeds 15% during the Measurement Period, the Promote shall equal the sum of: 17

Promote. To deliver the town centre brand “Visit Northfield”, and to ensure that its shopping and service offers were diverse and that Northfield was promoted to a wider and diverse catchment area. Projects and activities have included:  permanent gateway, BID branded signage at the key entrances to the town centre;  Targeted local advertising online (for the BID website) and published profiles of businesses for newsletter distribution, as well use of social networking media;  Published and distributed at least 12 business dedicated newsletters, keeping business members informed of news, information and opportunities within the BID area;  Free or subsided street events with children entertainment, bringing “animation” to the high street, including the build up to key holidays such as the start of the summer holidays (Northfield Beach/Culture Mash in partnership with the Northfield Community Partnership) and Christmas to increase customer footfall (Northfield on Ice, Northfield Christmas market, Northfield Wonderland, Northfield Christmas Sparkle, etc.);  Printed and online town centre guide/map produced highlighting the variety of shops, leisure, eating outlets; business and community services, car parking and public transport within the Town Centre;  Trialled seasonal themed banners on the lamp post columns within the Town Centre;  Promoted “Visit Northfield” over a 12-week period on the London Midland Cross City Lines were used to target at least 193,750 new and returning passengers that travel by train.  Incentives such as the “Big Book of Savings” featuring shopping vouchers that can only be redeemed in the Town Centre distributed to Northfield customers and visitors at Northfield Beach, Culture Mash and Town Centre events, to increase footfall and invigorate trade during the summer months when high street trading sales tend to fall.

Promote. To assign an employee from one Job Classification to another Job Classification bearing a higher ram of pay. To restore a part or assembly to its original state or utility after it has been damaged by accident or by wear. This does not have the same meaning as “Rework”.