Global Consideration definition
Examples of Global Consideration in a sentence
If PR acting reasonably determines that it is unable to procure the transfer of all or substantially all of the FB Assets relating to the Callaway Brand, PR shall use its reasonable endeavours to procure that an appropriate number of Tracker Shares for a sum equal in pounds sterling to the adjusted Global Consideration attributed to Callaway shall be acquired or lawfully redeemed as soon as reasonably practicable.
In the event that PR is unable to procure the transfer of all or substantially all of the FB Assets relating to the Callaway brand, including all of the Intellectual Property relating to the Callaway brand set out in Schedule 8, to members of the FB Group on or before the End Date, the FB Assets relating to the Callaway brand shall for all purposes of this Agreement be excluded from the FB Brands and the Adjusted Global Consideration shall be reduced accordingly.
Any payments made under Clause 7 from one Party to another shall be treated as an adjustment to the Adjusted Global Consideration and the relevant Part Consideration.
It is hereby clarified that the Global Consideration shall constitute the full consideration to which the Employee shall be entitled in respect of his employment during overtime in that month and the Employee shall not be entitled to any additional consideration for such overtime work.