Common use of Received Clause in Contracts

Received. Incentive-based compensation is deemed “received” in the Company’s fiscal period during which the financial reporting measure specified in the incentive-based compensation award is attained, even if the payment or grant of the incentive-based compensation occurs after the end of that period.

Appears in 2 contracts

Sources: Consultant Agreement (Zoomcar Holdings, Inc.), Service Agreement (SU Group Holdings LTD)