Second Quarter Clause Samples
Second Quarter. For the second quarter of each Agreement Year, the payment shall be equal to one half (1/2) of the applicable annual Minimum Royalties or the amount of actual Royalties calculated from Net Sales for the first two (2) quarters, whichever is greater, less Royalties actually paid by Licensee for the prior quarter;
Second Quarter. (a) The second quarter bonus based on actual performance was 125% of target: $125,000 x 125% = $156,250
(b) Days in quarter = 91; days worked in quarter = 45 45/91 = 0.4945
(c) Second quarter bonus = $156,250 x 0.4945 = $77,266
Second Quarter. Between April first and June thirty first of every year this agreement is in force, a volume of [*] boxes, or [*] percent of the basic annual volume.
Second Quarter. Unless otherwise agreed by Andrx, the volumes set forth in any Purchase Order for the Second Quarter shall be at least eighty five percent (85%) of the volumes ordered pursuant to the Purchase Order for the preceding Firm Order Period, and shall not exceed one hundred fifteen percent (115%) of the volumes ordered pursuant to the Purchase Order for the preceding Firm Order Period. * filed under application for confidential treatment
Second Quarter. If, prior to the end of the second -------------- quarter of 2000, Executive performs, and presents to the Board in a form to be determined by the Chairman and the Compensation Committee, a strategic analysis with recommendations exploring and evaluating whether new beer and soda brand acquisitions will expand Company's current revenue and profit base at a faster rate than organic growth alone, Company will pay Executive a one-time, lump sum Project Bonus in the gross amount of $6,250.00, less authorized and required deductions.