Retail Segment definition
Examples of Retail Segment in a sentence
Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending March 31, 2023), the Retail Segment Gross Margins for the period of four consecutive fiscal quarters ending on such day, to be less than 6.4%.
Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending September 30, 2021), the Retail Segment Gross Margins for the period of four consecutive fiscal quarters ending on such day, to be less than [***]%.
Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending March 31, 2023), the Retail Segment Revenue for the period of four consecutive fiscal quarters ending on such day, to be less than 60% of the projected Retail Segment Revenue set forth in Schedule 6.10(a) for such period.
Except as set forth in Section 6, as a condition to the receipt of any Shares in settlement of the Award, the Company’s incentive EBIT (the sum of Retail EBIT from the Company’s U.S. Retail Segment and Spread to LIBOR from the Company’s U.S. Credit Card Segment) in each fiscal year of the Performance Period must be equal to or greater than $1 billion (the “Minimum Performance Condition”).
Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending September 30, 2021, but excluding the fiscal quarter ended December 31, 2022), the Retail Segment Revenue for the period of four consecutive fiscal quarters ending on such day, to be less than 75.0% of the projected Retail Segment Revenue set forth in Schedule 6.10(a) for such period.
Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending September 30, 2021), the Retail Segment Revenue for the period of four consecutive fiscal quarters ending on such day, to be less than [***]% of the projected Retail Segment Revenue set forth in Schedule 6.10(a) for such period.
Except as set forth in Section 7, as a condition to the receipt of any Shares in settlement of the Award, the Company’s incentive EBIT (the sum of Retail EBIT from the Company’s U.S. Retail Segment and Spread to LIBOR from the Company’s U.S. Credit Card Segment) for the Performance Period must be equal to or greater than $1 billion (the “Performance Condition”).
Permit, as of the last day of any fiscal quarter (commencing with the fiscal quarter ending September 30, 2021), the Retail Segment Gross Margins for the period of four consecutive fiscal quarters ending on such day, to be less than 8.0%.