Rebate Pool definition
Rebate Pool shall be determined by using the table below. The rebate level entered below opposite each shall apply incrementally to that tier only. No rebate level in any tier shall be applicable to prior or subsequent tiers. The “Rebate Eligible Percentage” shall be determined by dividing: (y) the total Fees paid by Company (or any member of the Company Group) to Deluxe for all Services excluding: (i) the “Television Retainer” and the “Worldwide Product Fulfillment (WPF) Retainer”, and (ii) the first $6,000,000 of services per Term Year of this Agreement provided by Deluxe pursuant to the Deluxe Drissi Creative Contract, by (z) the total Fees paid by Company (or any member of the Company Group) to Deluxe for all Services. The “Rebate Amount” to be paid by Deluxe to Company shall be determined by multiplying the Rebate Pool by the Rebate Eligible Percentage. By way of example only, if Deluxe earned $10 million in total Fees from Company (including any member of the Company Group), $5.55 million of which was for services under the Deluxe Drissi Creative Contract and $450,000 was from the Television Retainer and the Worldwide Product Fulfillment (WPF) Retainer combined, the Rebate Pool would be:
Examples of Rebate Pool in a sentence
Year End Adjustment (YEA) The Year End Adjustment for the User (YEAu) will be calculated in respect of each Financial Year as follows:- where:- RTu is the Reference Tonnage for the User for the Financial Year; ART is the Aggregate Reference Tonnage for the Financial Year; and RP is the Rebate Pool for the Financial Year calculated at Schedule 2, Part B, Section 2.