Example ContractsClausesBase Period Income
Base Period Income
Base Period Income contract clause examples

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Base Period Income.” “Base Period Income” is an amount equal to Executive’ s “annualized includable compensation” for the “base period’’ as defined in [Sections 280G(d)]( l) and # of the Code and the regulations adopted thereunder. Generally, Executive ‘s “annualized includable compensation” is the average of Executive’s annual taxable income from Company for the “base period,” which is the five (5) calendar years prior to the year in which the change in control occurs.

Income. Income, losses, and appreciation or depreciation in the value of Sub‑Trust assets resulting from investment of the assets;

Base Rent Abatement Period. Seven # months (“Base Rent Abatement Period”). See Section 4.3.

Provision for income taxes for Subject Period:$

Base Monthly Rent Abatement Period. So long as there is no monetary or material non-monetary default by Tenant under the Lease, as hereby amended, beyond applicable periods of notice and grace, Base Monthly Rent in the aggregate amount of $173,287.66 shall be abated commencing with the installment of Base Monthly Rent for November, 2022 until exhausted (the “Base Monthly Rent Abatement Period”). Upon the occurrence of any default by Tenant under the Lease, as hereby amended, the foregoing abated Base Monthly Rent will immediately become null and void and of no further force or effect and Tenant will no longer receive such abated Base Monthly Rent, and if Landlord terminates the Lease, as hereby amended, or Tenant’s right of occupancy under the Lease, as hereby amended, as a result of any default by Tenant, then such abated Base Monthly Rent will immediately become due and payable. For avoidance of doubt, only Base Monthly Rent shall be abated pursuant to this paragraph, and all Additional Rent and other Rent specified in the Lease, as hereby amended, shall remain as due and payable pursuant to the provisions of the Lease, as hereby amended.

Sublicense Income. [[Organization A:Organization]] shall pay to [[Agenus:Organization]] […​…] ([…​…]%) of Sublicense Income received. Except as otherwise agreed to by the Parties in writing, Licensed Product sales by Sublicensees shall not be subject to, and shall not be included in the calculation of, Royalties payable to [[Agenus:Organization]] pursuant to Section 9.3, and all royalties collected by [[Organization A:Organization]] from Sublicensees shall constitute Sublicense Income. Notwithstanding the foregoing, the Parties agree that aggregate Sublicense Income amounts paid to [[Agenus:Organization]] in respect of a Sublicensee during any calendar quarter may not fall below the equivalent of […​…] ([…​…]%) of Net Sales by such Sublicensee during such calendar quarter (the “Minimum Sublicensee Payment”).

Net Income. After giving effect to the special allocations set forth in [Section 1 of Exhibit C] of the Company Agreement and any special allocations required to be made pursuant to Section 6.1.E, Net Income shall be allocated:

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