Combo Unit definition

Combo Unit means a multi‑chip packaged semiconductor product which includes an XDOC Product (including in die form) in addition to at least one semiconductor chip component that is not an XDOC Product.

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Combo Unit shall have the meaning set forth for such term in the New MPA.

Combo Unit. This is the only Scaler/Motor Pack Combination Unit in the Veterinary field. It has all of the benefits of the individual Scalers and Motor Packs. Approximately 21 accessory units are also available. They range from portable water supplies, prophy pastes, TFI inserts, periodontal inserts, feline urethral catheters to supplemental motor hand pieces. The Exclusive Distribution Agreement between Delmarva Laboratories and South East Instruments Corp. has been terminated and it is transferred to Delmarva 2000 LTD, a Delaware Corp. operated by ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇. All U.S. Distributor customers will be notified August 4th or 5th about the change to Delmarva 2000 and the full Dental Line will be transferred to them on August 8, 2003. APPENDIX 2 SAMPLE CALCULATION OF PAYMENT UNDER SECTION 2.1(b)(iii) If Gross Profit does not exceed $1,000,000, no amount is payable. The maximum Gross Profit entitling the Shareholders to a payment is $1,500,000. The "maximum payment target" therefore is Gross Profit of $500,000 in excess of $1,000,000. Assume the highest Gross Profit during any 12 consecutive months in the three years following commercialization is $1,250,000. Extent to which Gross Profit exceeds $1,000,000...................................... $250,000 Percentage of maximum payment target ($500,000) represented by $250,000.............. 50% 50% of $500,000 maximum payment...................................................... $250,000 SAMPLE CALCULATION OF PAYMENT UNDER SECTION 2.1(b)(iv) If Gross Profit does not exceed $600,000, no amount is payable. The maximum Gross Profit entitling the Shareholders to a payment is $700,000. The "maximum payment target" therefore is Gross Profit of $100,000 in excess of $600,000. Assume the highest Gross Profit during any 12 consecutive months in the two years following commercialization is $610,000. Extent to which Gross Profit exceeds $600,000........................................ $10,000

Examples of Combo Unit in a sentence

• Except for Combo Units operated by Miami Subs, the parties acknowledge that the Combo Unit operators will be the franchisee of both parties.

• Miami Subs will collect the franchise fee from the Combo Unit franchisee and will remit one-half of the fee collected (i.e. $2,500.00) to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ within 15 days following collection.

• The Combo Unit applicant performing the construction shall procure and maintain all licenses and permits, and all required landlord or other approvals necessary for the construction, modification and proposed operations.

• Miami Subs shall then deliver the fully executed agreements and all payments back to ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ as soon as reasonably possible after the Combo Unit opening.

• However, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ will make available to all Combo Unit franchisees all marketing materials that are made available to other ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ Restaurants.

• Nothing herein shall imply that either ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ or Miami Subs shall be required to estimate or guarantee the expenses of the Combo Unit application or to perform any act required to be performed by the Combo Unit applicant.

• The ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ Franchise Agreement, along with other required franchise related documents as disclosed in the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ Offering Circular, must be fully executed for each individual Combo Unit location before the Combo Unit is opened.

• The Combo Unit applicant shall pay all costs and expenses necessary to construct and incorporate ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ into the Restaurant.

• The Combo Unit operator as an ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ franchisee shall be responsible for the sale of approved ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ products from and the operation of the Combo Unit location in compliance with the terms of the individual ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ Franchise Agreement and the standards and requirements of the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ system.

• Miami Subs shall disclose the prospective Combo Unit applicant with the then current ▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇'▇ Offering Circular.