Merchandise Income Deduction

Example Definitions of "Merchandise Income Deduction"
Merchandise Income Deduction. Means an annual (calendar year) deduction from Brand Income solely for the purpose of determining the Brand Amount for each calendar year (commencing on the Effective Date), equal to the sum of (a) the fair market value of Merchandise Income, up to the lesser of (i) forty thousand dollars ($40,000) and (ii) four percent (4%) of all Brand Income (including Merchandise Income) received by Participant during such calendar year during the Term, and (b) the fair market value of any other Merchandise... Income to the extent agreed to by Fantex in writing, in its sole and absolute discretion. View More
Found in Fantex, Inc. contract
Merchandise Income Deduction. Means an annual (calendar year) deduction from Brand Income solely for the purpose of determining the Brand Amount for each calendar year (commencing on the Effective Date), year, equal to the sum of (a) the fair market value of Merchandise Income, up to the lesser of (i) forty thousand dollars ($40,000) $40,000 and (ii) four percent (4%) 4% (four percent) of all Brand Income (including Merchandise Income) received by Participant during such calendar year during the Term, and (b) the fair... market value of any other Merchandise Income to the extent agreed to by Fantex in writing, in its sole and absolute discretion. View More
Found in Fantex, Inc. contract
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