Significant Reduction definition

Significant Reduction means a reduction, in the aggregate, of ten percent (10%) or more from the aggregate of the target bonus award and the target incentive compensation award established for the calendar year in which the Change in Control occurs, determined without consideration of any other payments made to Executive upon a Change in Control;
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Significant Reduction means a reduction in runs equal to 50% or greater from the standard coverage of runs for any particular movie based on normal industry wide projections of that particular movie, and under no circumstances, a reduction of greater than 25 runs for any particular movie release regardless of percentage decrease. In addition to all other obligations under this subparagraph, GCX and its Affiliates will provide the Designated AMCE Representative notice of any change or event not in the Ordinary Course of Business that could adversely effect film exhibition costs.
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Significant Reduction means a decrease in the amount of Excess ERAF from
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Examples of Significant Reduction in a sentence

  • In addition, in the event of a Relocation or a Significant Reduction in Scope or Base Compensation, the Eligible Employee must provide his/her Employer with written notice within ninety (90) days after the occurrence of such event.

  • Two and one half times (2.5x) the sum of (a) fifty-two weeks (52) Weeks of Pay (prior to any reduction due to a Significant Reduction in Scope or Base Compensation, if applicable) and (b) the Eligible Employee’s Target Bonus.

  • For purposes of this subparagraph, "Significant Reduction" means a reduction in runs equal to 50% or greater from the standard coverage of runs for any particular movie based on normal industry wide projections of that particular movie, and under no circumstances, a reduction of greater than 25 runs for any particular movie release regardless of percentage decrease.

  • Band VII Fifty-two (52) Weeks of Pay plus an amount equal to the Eligible Employee’s Target Bonus.* Two times (2x) the sum of (a) fifty-two weeks (52) Weeks of Pay (prior to any reduction due to a Significant Reduction in Scope or Base Compensation, if applicable) and (b) the Eligible Employee’s Target Bonus.

  • Shareholder agrees that from the Effective Date of this Agreement until EIGHTEEN-MONTHS (18) months after the date of this Agreement (the “Lock Up Period”), the Shareholder will not make or cause any sale of shares of the Securities the Shareholder owns, either of record or beneficially, and of which the Shareholder has the power to control the disposition.

  • In the event that Rent Adjustment Information (as defined in Section 6.4) is provided and such Rent Adjustment Information does NOT constitute a Significant Reduction, then the Allocated Purchase Price for the applicable Property shall be changed to equal the reduced base rent divided by 0.

  • In the event that Rent Adjustment Information is provided and such Rent Adjustment Information does constitute a Significant Reduction, then Seller shall have the rights set forth in Section 6.4; provided, however, that Purchaser and Seller may attempt, but shall not be obligated, to negotiate an agreeable adjustment to the Purchase Price in accordance with the procedures set forth in Section 4.4.5.

  • Band VII Fifty-two (52) Weeks of Pay plus an amount equal to the Eligible Employee’s target annual bonus for the year in which the Severance Date occurs.* Two times (2x) the sum of (a) fifty-two weeks (52) Weeks of Pay (prior to any reduction due to a Significant Reduction in Scope or Base Compensation, if applicable) and (b) the Eligible Employee’s target annual bonus for the year in which the Severance Date occurs.

  • Two and one half times (2.5x) the sum of (a) fifty-two weeks (52) Weeks of Pay (prior to any reduction due to a Significant Reduction in Scope or Base Compensation, if applicable) and (b) the Eligible Employee’s target annual bonus for the year in which the Severance Date occurs.

Related to Significant Reduction

  • Source reduction means any practice that reduces the amount of any hazardous substance, pollutant, or contaminant entering any waste stream or otherwise released into the environment prior to recycling, energy recovery, treatment, or disposal.

  • Debt Service Reduction With respect to any Mortgage Loan, a reduction in the scheduled Monthly Payment for such Mortgage Loan by a court of competent jurisdiction in a proceeding under the Bankruptcy Code, except such a reduction resulting from a Deficient Valuation.

  • Commitment Reduction Notice has the meaning given that term in Section 2.13.

  • Relief Act Reduction With respect to any Mortgage Loan as to which there has been a reduction in the amount of the interest collectible thereon as a result of the application of the Servicemembers Civil Relief Act, any amount by which interest collectible on such Mortgage Loan for the Due Date in the related Due Period is less than the interest accrued thereon for the applicable one-month period at the Mortgage Interest Rate without giving effect to such reduction.

  • Aggregate Reduction has the meaning specified in Section 1.3.