Examples of Second Calculation Period in a sentence
By way of example, the Second Calculation Period (“Second Calculation Period”) shall be the period between 1 May 2015 and 31 July 2015, inclusive (being the three months immediately following the First Calculation Period).
This process continues through the Second Calculation Period (and associated Second Discharge Period), Third Calculation Period (and associated Third Discharge Period) and so on, until such time as the Warehouse ceases to be an Affected Warehouse.
By way of example, the Second Calculation Period shall be the period between 1 July 2014 and 30 September 2014, inclusive (being the three months immediately following the First Calculation Period).
This process continues through the Second Calculation Period (and associated Second Discharge Period), Third Calculation Period (and associated Third Discharge Period) and so on, until such time as the DP Warehouse ceases to be an Affected DP Warehouse.
This process continues through the Second Calculation Period (and associated Second Discharge Period), Third Calculation Period (and associated Third Discharge Period) and so on, incorporating the increased value of the Decay Factor in the Third and subsequent Calculation Periods, and any increases in load-out requirements as implemented by the LME, until such time as the DP Warehouse ceases to be an Affected DP Warehouse.
The substantial reduction in the period is due to the €25.7 million payments to management in 2021 upon the redemption of the Second Calculation Period (see note 17 to the financial statements).
The Second Calculation PeriodAccounting as an equity settled instrument:The Second Calculation Period automatically began on 25 June 2020 with the renewal subsequently approved by Zegona’s shareholders on 30 June 2021.
If, and only if, there is (i) a Year One Gross Profit Shortfall (and Actual Gross Profit for the First Calculation Period is at least 95% of the Annual Gross Profit Target) and (ii) a Year Two Gross Profit Overachievement, then an additional payment in respect of the First Calculation Period will be paid to the Stockholders following the Second Calculation Period.
The Second Calculation PeriodAccounting as an equity settled instrument:The Second Calculation Period automatically began on 25 June 2020 with the renewal subsequently approved byZegona’s shareholders on 30 June 2021.
Greater than or equal to $13,000,000 $ 1,700,000 Greater than or equal to $12,500,000 and up to $13,000,000 $ 1,500,000 Greater than or equal to $11,500,000 and up to $12,500,000 $ 750,000 Greater than or equal to $10,500,000 and up to $11,500,000 $ 500,000 Less than $10,500,000 $ 0 Each of the First Calculation Period and the Second Calculation Period shall be referred to individually as a “Contingent Payment Year” and collectively as the “Contingent Payment Years”.