Examples of Eligible Earnings in a sentence
Since the adjustment is reflected in the base rate as a new structural increase, it would be considered part of Eligible Earnings under the $uper$aver Plan and would be included in Eligible Earnings under the Profit-Sharing Plan.
Additionally, if VIZIYA achieved cumulative Eligible Earnings during that period exceeding US$11,850, the Company would be required to pay 50% of the amount of those excess Eligible Earnings as additional contingent consideration until that cumulative Eligible Earnings reached a cap of US$23,700.
In 2019, Quarterhill determined that VIZIYA did not achieve the minimum amount of cumulative Eligible Earnings for its former shareholders to be paid any additional amounts.
Prior formula (for service after June 30, 1987 through December 31, 2003): 2% of Eligible Earnings plus 0.47% of Eligible Earnings in excess of the Integration Level (two times the Covered Compensation amount) for that year.
VIZIYA’s former shareholders have initiated arbitration of the Eligible Earnings and additional payment calculations as permitted pursuant to the terms of the acquisition agreement, the results of which arbitration may, or may not, result in a determination that the former shareholders are entitled to receive some or all of this earn-out obligation under the acquisition agreement.