Monthly Amount definition

Monthly Amount shall be an amount equal to one-twelfth of the sum of (a) the Executive’s then current annual base salary (excluding any incentive or bonus), and (b) the amount of any cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company.

Monthly Amount means an amount equal to

Monthly Amount means (a) $32,083 for the shorter of (i) the first 24 months of the Extension Period or (ii) the Employment Period if less than 24 months because the Company terminates Executive's employment for Cause or Executive terminates his employment without Good Reason; and (b) $26,250 for the remainder of the Extension Period.

Examples of Monthly Amount in a sentence

• If subsection (i) of the Conversion Criteria is met but subsection (ii) of the Conversion Criteria is not met as to the entire Monthly Amount, the Holder shall convert only such part of the Monthly Amount that meets subsection (ii) of the Conversion Criteria.

• If the Conversion Criteria are not met, the Holder shall convert only such part of the Monthly Amount that meets the Conversion Criteria.

• Your monthly lodgement(s) (or such other period as we may specify) to the account do not exceed the Maximum Monthly Amount.

• If at any time a lodgement exceeds the Maximum Monthly Amount, the full lodgement amount will be returned.

• If a Repayment Notice is not delivered by the Holder on or before the applicable Notice Date for such Repayment Date, then the Borrower shall pay the Monthly Amount due on such Repayment Date in cash.

More Definitions of Monthly Amount

Monthly Amount means the following:

Monthly Amount in any of the Loan Documents shall mean the sum of the “Monthly Amount” payable under each of the promissory notes constituting the Notes, as amended by the First Defeasance Amendments to Notes; and (b) “Principal Amount” in any of the Loan Documents shall mean the sum of the “Principal Amount” outstanding under each of the promissory notes constituting the Notes, as amended by the First Defeasance Amendments to Notes.

Monthly Amount shall be an amount equal to one-twelfth of the sum of (a) the Executive’s then current annual base salary (excluding any incentive or bonus), and (b) the amount of any cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company, provided that for purposes of this calculation only, the cash bonus shall be deemed to be (1) not less than 75% of the average cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company and the preceding two fiscal years, and (2) not greater than 125% of the average cash bonus awarded to the Executive for the then most recently concluded fiscal year of the Company and the preceding two fiscal years.

Monthly Amount means the balance at the end of the month in the Bank Account kept under clause 3.1 prior to any amount being deducted for Credit Card Merchant Fees; • Payments means money collected on behalf of an Agency by Our Community for services or products being sold or distributed by or on behalf of an Agency.

Monthly Amount means an amount equal to the product

Monthly Amount has the meaning set forth in Section 2.1.

Monthly Amount shall be the sum of Forty Thousand Five Hundred Sixteen and 88/100 Dollars ($40,516.88). "Payment Date" shall be the first business day of each month commencing on the first business day of the second full month after the Closing Date and continuing to and including the Maturity Date. "Principal Amount" shall be Five Million Two Hundred Fifty Thousand and No/100 United States Dollars.