First Cost Private Label Earnings Target definition

First Cost Private Label Earnings Target means $6,533,000 for FY 2005, $6,686,000 for FY 2006 and $6,934,000 for FY 2007.
First Cost Private Label Earnings Target means such amounts for each Fiscal Year, consistent with the Budget and the Earnings Targets, as may be agreed to by Buyer and a Seller Majority prior to the execution hereof specifically relating to the First Cost Private Label Business; provided, that if the parties are unable to agree upon the First Cost Private Label Earnings Target for any Fiscal Year(s), then the parties shall appoint the Arbitrator to determine such First Cost Private Label Earnings Target(s), and the decision of the Arbitrator shall be binding and conclusive on all parties. The determination of the First Cost Private Label Earnings Target requires the segmentation of the gross profit and expenses specifically relating to the aforementioned division and the reallocation of corporate overhead to properly account for the estimated operating profit specifically relating to this division.

Related to First Cost Private Label Earnings Target

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