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the Company\u2019s Chief President and Chief Executive Officer as of 11:59 p.m. Eastern Time on May 16, 2023 (the \u201cCEO\u201d) or Chief Financial Officer as of May 16, 2023 (the \u201cCFO\u201d), Gross Margin Improvement will be defined as the Company\u2019s <strong>Adjusted Gross Margin</strong> for the twelve months ending December 31, 2025 minus the Company\u2019s <strong>Adjusted Gross Margin</strong> for the twelve months ending December 31, 2023, expressed in basis points.", "For any Performance-Based RSU award to a Key Employee other than the CEO and the CFO, Gross Margin Improvement will be defined as the Company\u2019s <strong>Adjusted Gross Margin</strong> for the twelve months ending December 31, 2024 minus the Company\u2019s <strong>Adjusted Gross Margin</strong> for the twelve months ending December 31, 2023, expressed in basis points.", "Foreign currency transaction gains or losses will be included in the calculation of <strong>Adjusted Gross Margin</strong>.", "If not already included in the daily transaction report that LNGCo is obligated to deliver to CMI as provided in Section 4.1(e), LNGCo shall promptly notify CMI of such actions and provide all information reasonably required by CMI to determine the impact of such action upon <strong>Adjusted Gross Margin</strong> and to counterbalance CMI&#x27;s own books accordingly.", "In connection with any such sale, LNGCo shall have the right to unwind or enter into offsetting hedge transactions for any hedge agreements entered into in connection with such inventory and the gains or losses of such unwinding or offsetting shall be included in the calculation of <strong>Adjusted Gross Margin</strong>.", "Buyer and its Affiliates shall keep complete and accurate records pertaining to the sale of Products and covering all transactions from which Net Sales and <strong>Adjusted Gross Margin</strong> are derived for a period of two calendar years after the year in which such sales occurred, and in sufficient detail to permit Seller to confirm the accuracy of Milestone Payments or Royalty payments due hereunder.", "Key areas where alternative school settings are strongly associated with addressing the needs of students at risk of dropping out are highlighted bellow.", "Should there be a dispute as to the accuracy of the <strong>Adjusted Gross Margin</strong>, the Delivery Amount or the Return Amount, the Parties shall pay all undisputed amounts with respect thereto, but shall be entitled to withhold payment of any amount in dispute and shall promptly notify the other Party of such disputed amount.", "Notice by Cerus, pursuant to Section 8.3, accepting \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 determination of <strong>Adjusted Gross Margin</strong> does not preclude Cerus from later obtaining an adjustment of the European Buy-Out Price or ROW Country Buy-Out Price, if the \u2587\u2587\u2587\u2587\u2587\u2587\u2019\u2587 determination of <strong>Adjusted Gross Margin</strong> subsequently proves to have been inaccurate.", "Buyer shall pay a royalty (the \u201cRoyalty(ies)\u201d) to Seller of [****]% on the <strong>Adjusted Gross Margin</strong> for sales of the Products."], "related": [["gross-margin", "Gross Margin", "Gross Margin"], ["adjusted-gross-income", "Adjusted gross income", "Adjusted gross income"], ["adjusted-cash-flow", "Adjusted Cash Flow", "Adjusted Cash Flow"], ["adjusted-revenue", "Adjusted Revenue", "Adjusted Revenue"], ["adjusted-gross-receipts", "Adjusted gross receipts", "Adjusted gross receipts"]], "related_snippets": [], "updated": "2025-09-06T04:36:38+00:00"}, "json": true, "cursor": ""}}