FTE Calculation definition

FTE Calculation means the number of load hours per full time equivalent.
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FTE Calculation has the meaning set forth in Section 3.4(b)(i).
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Examples of FTE Calculation in a sentence

  • In the event the FTE Calculation (as finally determined ) is less than the FTE Condition (as finally determined), the Purchase Price shall be reduced by $100,000 for each FTE less than the FTE Condition (the “FTE Reduction”); provided, however, in no event will the amount of the FTE Reduction exceed $1,500,000.

  • Failure to notify Buyer within such sixty (60) day period shall be deemed acceptance of the FTE Calculation.

  • Seller will have reasonable access during normal business hours and upon reasonable notice to the books, records, work papers and other financial information related to the preparation of the FTE Calculation.

  • In the event Seller disagrees with such FTE Calculation, the dispute mechanics contained in Section 3.3(c) shall be applied.

  • FTE Calculation .............................................................................

  • The FTE Calculation shall be made on the basis of the accounting principles set forth on Exhibit I attached hereto.