Qualified Revenues definition
Examples of Qualified Revenues in a sentence
During the term of this Agreement Distributor shall cause the Qualified Revenues for each Contract Year to equal or exceed the following amounts (the "Minimum Qualified Revenue").
All taxes, fees, directory assistance, message units and other non-usage related charges are excluded from Qualified Revenues.
If Qualified Revenues exceed $* million for the Plan Year, Corporation's Compensation Committee may, in its sole discretion, consider payment of an additional bonus.
Distributor may purchase any additional requirement from any source, but only during such period that Diamond is unable to meet such requirements and the reasonable costs thereof shall be included in Minimum Qualified Revenues for purposes of Section 1.04(ii).
Minimum Contract Year Qualified as defined in 13.06 Revenues -------------------- ------------------- 1st [ *** ] 2nd $[ *** ] 3rd $[ *** ] 4th $[ *** ] 5th and thereafter $[ *** ] provided, however, that Distributor may permit the Qualified Revenues to be less than the Minimum Qualified Revenue in any Contract Year and in lieu thereof pay to Diamond an amount equal to the difference between such Minimum Qualified Revenue and the actual Qualified Revenues for such Contract Year (the "Additional Payment").