Store Contribution definition

Store Contribution means for any Location, total store revenues generated at such Location less direct operating expenses for such Location determined in a manner consistent with those used by Borrower in preparation of its Securities and Exchange Commission filings and press releases as of the date of this Agreement.
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Store Contribution means the amount by which the revenues for a store during the twelve (12) months ended August 26, 2006 exceed that store’s Operating Expenses. “Operating Expenses” for a store are its rent, occupancy costs (including utilities, common area maintenance and taxes), amortization of tenant allowances, depreciation, employee costs, and advertising and promotional expenses (and in the case of promotional expenses or advertisements in a geographic region for the benefit of multiple stores, a pro rata portion of such promotional and advertising expenses), cost of merchandise sold, shrinkage, freight, credit card fees and other expenses associated with operating the store and do not include pre opening expenses.
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Store Contribution. Section 6.17.1 "Store Schedule" Section 6.17 "Target Net Asset Amount" Section 3.4(a) "Tax Loss" Section 6.7(c)(i) "Transfer Taxes" Section 6.7(e) "Transitional Services Agreement" Section 7.2 "Undelivered Leases" Section 4.5.2
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Examples of Store Contribution in a sentence

  • Store Contribution is defined as Gross Profit less Direct Store Operating Expenses (excluding depreciation).

  • The Borrower shall maintain for each period of four consecutive fiscal quarters of the Borrower, an Average Per Store Contribution to Profit of Ninety Thousand Dollars ($90,000).

  • The term "Assumed Store Contribution shall mean 66% of the weighted average Store Contribution (such weighting to be based on sales volumes) for the applicable fiscal year for Similar Sales Volume Stores of Seller in the case of a New Seller Store or of Buyer in the case of a New Buyer Store.

  • Subject to Participant performance and for Sears Full-Line Stores (including the great indoors) and Kmart Stores their Location Balanced Scorecard performance, and Sections 5 and 6, if the applicable Variable Store Contribution Profit performance exceeds the applicable Target Variable Store Contribution Profit, the maximum payout percentage shall be as determined by the Senior Corporate Compensation Executive.

  • Aggregate Store Contribution of (1) as of the end of each of the first 12 months following the Closing Date in an amount equal to or greater than $5,000,000 minus the lesser of (i.) the Add-Back Credit or (ii.) $1,000,000, and (2) thereafter, equal to or greater than $5,000,000, in each case measured as of the end of each calendar month on a trailing 12 month basis.

  • With respect to Participants under a Sears Full-Line Store (including the great indoors) or a Kmart Store: % of Target % Payout In this case, if the applicable Variable Store Contribution Profit performance is above ninety-five (95%) of Target Variable Store Contribution Profit but below Target Variable Store Contribution Profit payout levels, the adjustment to an Award shall be determined by straight-line interpolation.

  • STORE CONTRIBUTION Measured quarterly on a rolling twelve-month basis, the percentage of the Comp stores with Store Contribution (as a % of Sales) less than or equal to 8% shall not exceed 33% of total Comp Stores.

  • At any time, if the Closed Locations, as determined as of the end of the most recently completed Fiscal Quarter, provide(d) aggregate Store Contribution in an amount equal to or greater than 10% or more of the aggregate Store Contribution of the Open Locations, as determined as of the end of the most recently completed Fiscal Quarter.

  • STORE CONTRIBUTION Measured monthly on a rolling twelve months, the percentage of the Comp stores with Store Contribution (as a % of Sales) less than or equal to 8% shall not exceed 33% of total Comp Stores.

  • Not permit the New Store Contribution Margin for any Computation Period to be less than the ratio set forth on Schedule 8.6.5 with respect to the applicable Weighted Average Age of New Stores.


More Definitions of Store Contribution

Store Contribution means, for each of Borrower's store locations as determined for any applicable period, an amount equal to Store Net Revenues for such store location, minus Store Expenses for such store location.
Sample 1
Store Contribution means the Company's sales (excluding proceeds from real estate sale-lease back transactions) less cost of sales, store payrolls, bonuses, employee fringe benefits, taxes, employee health insurance premiums and other expenses, advertising and store general and administrative expenses, PROVIDED, that cash reserves for store closings of up to one million dollars ($1,000,000) over any two-year period may be excluded from the calculation of Store Contribution if such reserves are approved by the vote of at least eighty percent (80%) of the Company's Board of Directors. Store Contribution shall be calculated using the information reflected in the Company's audited financial statements for FY 1998.
Sample 1
Store Contribution means, calculated in accordance with GAAP, with respect to the Company and its Subsidiaries, on a consolidated basis, the revenue of all Open Locations, or Closed Locations, for the preceding twelve (12) month period, as applicable, less the costs of goods sold at such applicable locations, for the preceding twelve (12) month period, and less, without duplication, all other direct and allocated indirect costs of operations at such locations, for the preceding twelve (12) month period (such allocated costs being allocated consistent with the Company’s historical practices).
Sample 1

Related to Store Contribution

  • Catch-Up Contribution means an Elective Deferral made to the Plan by a Catch-Up Eligible Participant that, during any taxable year of such Participant, exceeds one of the following:

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • State contribution means the lesser of:

  • Annual Contribution means the annual payment to the Fund made by each Member in return for Coverage by the Fund for a Fund Year;

  • Matching Contribution means Employer contributions made to this Plan or any other defined contribution plan by reason of Thrift Contributions or Elective Deferrals under this Plan.

  • Elective Contribution means the Employer contributions to the Plan of Deferred Compensation excluding any such amounts distributed as excess “annual additions” pursuant to Section 4.11(a). In addition, any Employer Qualified Non-Elective Contribution made pursuant to Section 4.7(b) which is used to satisfy the “Actual Deferral Percentage” tests shall be considered an Elective Contribution for purposes of the Plan. Any contributions deemed to be Elective Contributions (whether or not used to satisfy the “Actual Deferral Percentage” tests or the “Actual Contribution Percentage” tests) shall be subject to the requirements of Sections 4.2(b) and 4.2(c) and shall further be required to satisfy the nondiscrimination requirements of Regulation 1.401(k)-1(b)(5) and Regulation 1.401(m)-1(b)(5), the provisions of which are specifically incorporated herein by reference.

  • Contribution Account means an account, or accounts, into which the Accountholder and employer contributions are deposited by the TPA, and from which HSA dollars are swept into the Cash Account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Matching Contributions means local cash and/or in-kind contributions made by the Contractor, a subcontractor, or other local resources that qualify as match for the Contract funding.

  • Deferral Contributions are Salary Reduction Contributions and Cash or Deferred Contributions the Employer contributes to the Trust on behalf of an Eligible Employee, irrespective of whether, in the case of Cash or Deferred Contributions, the contribution is at the election of the Employee. For Salary Reduction Contributions, the terms "deferral contributions" and "elective deferrals" have the same meaning.

  • Qualified Matching Contribution means any employer contribution allocated to an Eligible Employee’s account under any plan of an Employer or a Related Company solely on account of “elective contributions” made on his behalf or “employee contributions” made by him that is a qualified matching contribution as defined in regulations issued under Code Section 401(k), is nonforfeitable when made, and is distributable only as permitted in regulations issued under Code Section 401(k).

  • Qualified Matching Contributions means Matching Contributions which are immediately nonforfeitable when made, and which would be nonforfeitable, regardless of the age or service of the Employee or whether the Employee is employed on a certain date, and which may not be distributed, except upon one of the events described under Section 401(k)(2)(B) of the Code and the regulations thereunder.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Initial Contribution means that contribution each Participant has made or agrees to make pursuant to Section 5.1.

  • Deferral Contribution means any contribution made to the Plan by the Employer in accordance with the provisions of Section 5.03.

  • Company Matching Contributions means any contributions made to the Company Matching Account of a Participant by a Participating Employer as provided for in Section 4.02.

  • Company Contribution means that portion of the main extension costs which the Company will fund based upon the following formula:

  • Nonelective Contribution means an amount contributed by a participating

  • Contribution Date has the meaning set forth in Section 4.3 hereof.

  • Cash Contribution refers to a direct payment of Contribution in Canadian currency.

  • Regular contributions means the amounts required to be

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Excess Contribution means a contribution that exceeds the

  • Qualifying contribution means, with respect to a

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Member contribution means a contribution under regulation 32;