Estimated FIIP definition

Estimated FIIP means an amount equal to (x) the amount of FIIP as calculated pursuant to Section 2.1.1(e) that would have been payable if 2011 PBT were equal to the Estimated 2011 PBT times (y) 85%.
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Examples of Estimated FIIP in a sentence

  • If the Purchaser does not give written notice of any exception to WWG’s Estimated 2011 PBT prior to December 24, 2011 or if the Purchaser gives written notification of its acceptance of WWG’s Estimated 2011 PBT prior to December 24, 2011, WWG’s Estimated 2010 PBT shall be deemed to be Estimated 2011 PBT for purposes of Estimated FIIP.

  • Notwithstanding the foregoing, in no event shall the sum of the CP, FIP (inclusive of any Estimated FIP) and FIIP (inclusive of any Estimated FIIP) be greater than $19,000,000.

  • If the Representative and the Purchaser reconcile their differences prior to (x) December 24, 2010 with respect to Estimated 2010 PBT, such agreed upon calculation shall be deemed to be Estimated 2010 PBT for purposes of calculating Estimated FIP or (y) December 24, 2011 with respect to Estimated 2011 PBT, such agreed upon calculation shall be deemed to be Estimated 2011 PBT for purposes of calculating Estimated FIIP.