Interim Percentage definition

Interim Percentage means the percentage, not to exceed 20%, that is designated by the Committee, in its sole discretion, for the purpose of determining the amount of the Total Pool that shall be payable upon attainment of the Interim Price Goal in accordance with this Plan.
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Interim Percentage means an amount equal to (a) the sum of (i) the amount reasonably estimated by MW to represent the potential cost to perform the outstanding obligations under the Protection and (ii) the amount reasonably estimated by Monogram to represent the potential cost to perform the outstanding obligations under the Protection, DIVIDED BY (b) 2. Each such estimate shall be based upon an actuarial estimate of the costs to Monogram and/or its Affiliates of providing the Protection.
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Examples of Interim Percentage in a sentence

  • In the event that the percentage thereafter determined by the Marketing Committee or arbitrator is less than the amount of the Interim Percentage, Monogram shall pay promptly to MW an amount equal to the difference between (i) the balance of the Protection Account and (ii) the amount that would have been in the Protection Account on such date if such percentage had been in effect at all times on and after the Insurance Lapse Date.

  • Within forty-five (45) days following the end of each calendar month during the Term, LabCorp agrees to pay EXACT a royalty equal to the Applicable Interim Percentage of its Net Revenue for that calendar month.

  • Unless the Marketing Committee or arbitrator (as appropriate) have agreed upon a percentage prior to the Insurance Lapse Date, beginning on the Insurance Lapse Date until the date upon which the Marketing Committee or arbitrator makes its decision, Monogram may deduct from Charge Slips relating to sales of Protection a percentage of the amounts thereof equal to the Interim Percentage as to the Protection in question.

  • In the event that the percentage thereafter determined by the Marketing Committee 101 or arbitrator is greater than the amount of the Interim Percentage, MW immediately shall pay to Monogram for credit to the Protection Account an amount equal to the difference between (i) the amount that would have been in the Protection Account if such percentage had been in effect at all times on and after the Insurance Lapse Date and (ii) the balance of the Protection Account.