Package Value definition
Package Value means the aggregate gross sum of Salary, the Company’s portion on account of the Insurance Scheme, the Company’s Education Fund Contribution (as defined below) and the Company’s gross costs (including in respect of any gross-up pursuant to Section 16) in respect of the Car (as defined below) and the mobile phone provided to the Executive pursuant to Section 17, for the last month of the Notice Period (however, the gross costs in respect of the Car and the mobile phone for these purposes shall be deemed to be the average monthly gross costs therefor during the six (6) month period prior to the end of the Notice Period). In the event that the effective tax rate (including income tax, deductions on account of national insurance, health tax) on the Secured Period Parachute Payment or the Post Period Parachute Payment is higher than the effective tax rate (including income tax, deductions on account of national insurance, health tax) on the Executive’s Salary and other benefits under this Agreement for the last month of the Notice Period, the Company shall gross-up the Secured Period Parachute Payment or the Post Period Parachute Payment, as the case may be, so that after making all required deductions on account of said taxes (including deductions applicable to additional sums payable under this sentence) the Executive receives an amount equal to the sums he would have received on account of the Secured Period Parachute Payment or the Post Period Parachute Payment, as the case may be, had the effective tax rate thereon been no higher than the effective tax rate that would have been applicable to the Executive’s Salary and other benefits under this Agreement for the last month of the Notice Period.
Package Value means the total of the package salary and the superannuation benefit provided to a musician under a package agreement
Package Value means (i) the amount of any cash and the fair market value at the Final Settlement Date (as reasonably determined in good faith by the Board of Directors of the Company) of any non-cash consideration (other than Marketable Securities) received per share of Common Stock in the Reorganization Event plus (ii) the average of the Closing Prices of each type of Marketable Securities (if any) received in the Reorganization Event during the 20 consecutive Trading Day period ending on and including the last Trading Day before the Final Settlement Date times the number of securities of such type received per share of Common Stock in the Reorganization Event. "Marketable Securities" means any securities (whether voting or non-voting) listed on a U.S. national securities exchange or reported by the NASDAQ National Market. In the event of such a Reorganization Event, the Person formed by such consolidation, merger or exchange or the Person which acquires the assets of the Company or, in the event of a liquidation or dissolution of the Company, the Company or a liquidating trust created in connection therewith, shall execute and deliver to the Unit Agent an agreement supplemental hereto providing that the Holders of each Outstanding Unit shall have the rights provided by this Section 506. Such supplemental agreement shall provide for adjustments which, for events subsequent to the effective date of such supplemental agreement, shall be as nearly equivalent as may be practicable to the adjustments provided for in this Section. The above provisions of this Section shall similarly apply to successive Reorganization Events.
Examples of Package Value in a sentence
For each scenario, ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ calculated the "Package Value" of the recapitalization alternative by adding the present value of the equity values of the Company and SpinCo post-recapitalization to the total amount of capital returned to holders of Company Common Stock pursuant to the special cash dividend.
Appendix Section Distribution Territories AGREEMENT (Article STATEMENT OF DISTRIBUTORS’ GROSS REVENUE Total Package Value I Total This Project (To Section Page 2) INSUFFICIENT SPACE, PLEASE ATTACH A LIST.
Subject to the provisions of Section 2.12 and 3.1 ADVAXIS agrees to pay to IDT the respective Service Fees/Work Package Value in the amounts and in accordance with the provisions (i) as set forth in the applicable Work Package; (ii) if not set forth in said Work Package, then as set forth herein below.
More Definitions of Package Value
Package Value means the total of the Package Salary and the Superannuation Benefit provided to an employee under a Package Agreement.