Cumulative Threshold definition
Examples of Cumulative Threshold in a sentence
In no event shall (A) Executive be required to repay any amounts previously received under this Exhibit III and/or (B) Executive not receive a payment for a Performance Period if the Baseline Performance Metrics, Threshold Performance Metrics, Cumulative Baseline Performance Metrics, or Cumulative Threshold Performance Metrics for such Performance Period are achieved (unless Executive fails to meet the condition set forth in sub-paragraph (a)(ii)(A), above).
In no event shall (A) Executive be required to repay any amounts previously received under this Exhibit IV and/or (B) Executive not receive a payment for a Performance Period if the Baseline Performance Metrics, Threshold Performance Metrics, Cumulative Baseline Performance Metrics, or Cumulative Threshold Performance Metrics for such Performance Period are achieved (unless Executive fails to meet the condition set forth in sub-paragraph (a)(ii)(A), above).
The Indemnifying Party shall not be liable for any Third Party Claim which is settled or otherwise compromised or in respect of which any admission of liability is made without its prior written consent (and if the Purchaser is the Indemnified Party, no amounts payable in respect of any such settlement or compromise of a Third Party Claim made without the prior written consent of the Indemnifying Party shall be taken into account in the computation of the Cumulative Threshold Amount).
In no event shall (A) Executive be required to repay any amounts previously received under this Exhibit III and/or (B) Executive not receive a payment for a quarter if the Baseline Performance Metrics, Threshold Performance Metrics, Cumulative Baseline Performance Metrics, or Cumulative Threshold Performance Metrics for such quarter are achieved (unless Executive fails to meet the condition set forth in sub-paragraph (a)(ii)(A), above).
Threshold Amount: On any date, the greater of zero and an amount equal to: (a) the Initial Threshold Amount; minus (b) the Cumulative Threshold Loss Amount on such date.
In no event shall (A) Executive be required to repay any amounts previously received under this Exhibit IV and/or (B) Executive not receive a payment for a quarter if the Baseline Performance Metrics, Threshold Performance Metrics, Cumulative Baseline Performance Metrics, or Cumulative Threshold Performance Metrics for such quarter are achieved (unless Executive fails to meet the condition set forth in sub-paragraph (a)(ii)(A), above).
Cumulative Threshold Loss Amount: On any date, an amount equal to the sum of each positive and negative Threshold Loss Allocation determined in respect of each Calculation Date occurring prior to or on such date.