Annual gross revenues definition

Annual gross revenues means total sales, before deducting returns and allowances but after deducting corrections and trade discounts, sales taxes and excise taxes based on sales, as determined in accordance with Generally Accepted Accounting Principles.

Annual gross revenues means income or revenue from all sources, before any expenses or taxes, computed according to generally accepted accounting principles.

Annual gross revenues means the total Gross Revenues of Concessionaire for each Contract Year.

Examples of Annual gross revenues in a sentence

• As of the end of the third fiscal year (10/31/07) $50,000 in Annual Gross Revenues (December 2006) would have been received and 2% shall be due and payable to Employee ($50,000 x 2% = $1,000).

• Annual Gross Revenues for calendar year 2004 shall be determined by the accountant for the Corporation as soon as practicable within calendar year 2005 and shall be binding upon the parties hereto.

• The Referral Bonus shall be calculated as: Two (2%) Percent of Annual Gross Revenues for projects located in FY 2005 and 2006 One (1%) Percent of Annual Gross Revenues for projects located in FY 2007 and 2008 The Referral Bonus shall be payable for the entire initial term of the unknown project based on year located and regardless of the date of payment.

• The Referral Bonus for each project shall be calculated on the "Annual Gross Revenues" for such project.

• For example, a two year project located in 2005 which generates Annual Gross Revenues of $50,000 in each of March and December of 2005 and 2006 shall earn a Referral Bonus as follows: As of the end of the first fiscal year (10/31/05) $50,000 in Annual Gross Revenues (March 2005) would have been received and 2% shall be due and payable to Employee ($50,000 x 2% = $1,000).

More Definitions of Annual gross revenues

Annual gross revenues means the total annual gross rental and

Annual gross revenues means all revenues received by the grantee, its affiliates, and/or subsidiaries from and in connection with the operation of the Broadband Telecommunications Network in the City of Dickson and which may lawfully be included in the base on which the city may calculate the license fee herein, provided that sales taxes or other taxes or fees which are separately billed to subscribers for

Annual gross revenues means income or revenue from all

Annual gross revenues means (i) the aggregate of all revenues of the Corporation as reported by the accountants for the Corporation in accordance with generally accepted accounting principles consistently applied, plus (ii) shadow earnings. "Shadow earnings" shall be defined as all revenues reported by TASA or any Subsidiary (other than the Corporation) from services performed by employees of the Corporation at the request of TASA or such Subsidiary, but specifically excluding any such revenues from "located" projects as defined in 4(c) below. Shadow earnings shall be calculated by applying the ratio of the direct labor cost for the project involved for the hours of the project against the hours of service performed by all employees in the Corporation in connection with such project. The Annual Bonus shall be a percentage (the "Annual Bonus Percentage") applied to such excess of Annual Gross Revenues. The Annual Bonus Percentages are as follows: Calendar Year Percentage ------------- ---------- 2005 Five (5%) Percent 2006 Three (3%) Percent 2007 Two (2%) Percent 2008 One (1%) Percent

Annual gross revenues shall be defined as the aggregate of all revenues of TASA and such other Subsidiary for each unknown project awarded to TASA or such other Subsidiary for each fiscal year which revenues are actually received (not accrued). The Referral Bonus shall be calculated as: Two (2%) Percent of Annual Gross Revenues for projects located in FY 2005 and 2006 One (1%) Percent of Annual Gross Revenues for projects located in FY 2007 and 2008 The Referral Bonus shall be payable for the entire initial term of the unknown project based on year located and regardless of the date of payment. No Referral Bonus will be paid on any extensions or renewals of a project. For example, a two year project located in 2005 which generates Annual Gross Revenues of $50,000 in each of March and December of 2005 and 2006 shall earn a Referral Bonus as follows: As of the end of the first fiscal year (10/31/05) $50,000 in Annual Gross Revenues (March 2005) would have been received and 2% shall be due and payable to Employee ($50,000 x 2% = $1,000). As of the end of the second fiscal year (10/31/06) $100,000 in Annual Gross Revenues (December 2005 and March 2006) would have been received and 2% shall be due and payable to Employee ($100,000 x 2% = $2,000). As of the end of the third fiscal year (10/31/07) $50,000 in Annual Gross Revenues (December 2006) would have been received and 2% shall be due and payable to Employee ($50,000 x 2% = $1,000).

Annual gross revenues means the aggregate amount of all Gross Revenues of Concessionaire during each Contract Year.

Annual gross revenues means all revenues received by the grantee, its affiliates, and/or subsidiaries from and in connection with the