IB Profit Margin definition
IB Profit Margin means a profit margin equal to fifty percent (50%) or such other agreed upon percentage (the "IB Profit Margin Percentage") of the average profit margin of the Businesses for services similar to the applicable Introduced Business provided during the fiscal quarter immediately preceding the fiscal quarter in which the Businesses are to begin to provide services for the Introduced Business. The proposed IB Profit Margin Percentage and the proposed calculation of the IB Profit Margin (collectively, the "IB Profit Margin Calculation") will be made by the Buyer in good faith and presented in writing to the Executive Shareholders as soon as practicable prior to the date on which services relating to the Introduced Business are to be rendered. The Executive Shareholders shall, not later that five Business Days after receipt of the IB Profit Margin Calculation, notify the Buyer in writing of any objections thereto. Absent delivery of a written objection as provided above, the IB Profit Margin Calculation will be conclusive and binding upon the parties to this Agreement. If written objection is delivered to the Buyer and the Buyer and the Executive Shareholders are unable, within 5 Business Days after the receipt by the Buyer of such written objection, to resolve the dispute, the Buyer, in its sole discretion, may elect either (i) to not make the Introduced Business available to the Buyer or (ii) to submit the IB Profit Margin Calculation to an Independent Accounting Firm mutually acceptable to the Executive Shareholders and the Buyer whose determination shall be conclusive and binding on the parties. In the event the Buyer elects to submit the matter to an Independent Accounting Firm, the Businesses shall provide services for the Introduced Business pending determination of the IB Profit Margin Calculation.
IB Profit Margin means a profit margin equal to fifty percent (50%) or such other agreed upon percentage (the "IB PROFIT MARGIN PERCENTAGE") of the average profit margin of the Businesses for services similar to the applicable Introduced Business provided during the fiscal quarter immediately 12
IB Profit Margin means a profit margin equal to fifty percent