Variable Profit definition

Variable Profit shall be Ruco's "variable margin" minus agents' commissions not otherwise included in variable margin. All numbers to be verified by SCI accounting department, whose determination shall be final. Variable Profit generated by reversing reserves taken prior to 7/1/98 shall not be included.
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Variable Profit means, in respect of each Security, an amount per Security equal to: USD100 x Max [0%, (Final Index / Initial Index) -1].
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Variable Profit means the percentage of profit allocated to the targets of achievement of all or any one of the KPIs above the relevant MLAP for each relevant outcome as calculated in accordance with [the price framework];
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Examples of Variable Profit in a sentence

  • The failure of the Seller to deliver such statement within twenty (20) Business Days after receipt of the Variable Profit Statement shall be deemed as an acceptance of the Variable Profit Statement.

  • For the year 1999, bonus shall be paid based on the Variable Profit in excess of $25.2 million.

  • If the Seller objects to the Variable Profit Statement, the statement shall include the reasons for such objection as well as a specification of the adjustments that, in the opinion of the Seller, shall be made to the Variable Profit Statement in order for it to comply with the provisions of this Agreement.

  • The Variable Profit Statement shall be prepared in accordance with the Accounting Principles.

  • The Seller and its representatives shall be given reasonable access to the relevant records of the Group Companies as well as to the chief executive officer and the chief financial officer of the Company for the purposes of evaluating the Variable Profit Statement until it has been agreed by the Parties or otherwise been finally determined.

  • If the Variable Profit Statement has not been agreed upon by the Parties within ten (10) Business Days after the Seller’s notification of an objection statement referred to in Clause 4.3.3 above, then either Party may refer any such matter as to which the Parties have disagreed to the Third Party Auditor for determination.


More Definitions of Variable Profit

Variable Profit shall have the meaning set forth in Appendix 2.1h;
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Related to Variable Profit

  • Distributable Profits means, in respect of any Interest Payment Date, the aggregate of (i) net profits carried forward and (ii) freely available reserves (other than reserves for own shares), in each case, less any amounts that must be contributed to legal reserves under applicable law, all as appearing in the Relevant Accounts.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • Adjusted EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period plus, without duplication, to the extent the same was deducted in calculating Consolidated Net Income:

  • Supplier Profit means, in relation to a period or a Milestone (as the context requires), the difference between the total Call Off Charges (in nominal cash flow terms but excluding any Deductions) and total Costs (in nominal cash flow terms) for the relevant period or in relation to the relevant Milestone;