Adjusted Backlog definition
Adjusted Backlog means Backlog adjusted up or down for material positive and/or negative events (such as extension and/or increase of existing contracts, new contracts, cancellation and/or material reductions of existing contracts) following a review as at 30th June 2008 by the Financial Officers and certified by them in writing as the final figure upon which the bonus described in clause 3.4 of this Agreement should be based. For the purpose of this definition the revenues booked in the period 1st April 2008 to 30th June 2008 are not considered a negative event and therefore are not deducted from Backlog;