Net Sale Price

Net Sale Price. Shall mean the aggregate consideration paid for the Coated or Toner divisions, as the case may be. In the case of an asset sale, Net Sale Price means the aggregate consideration paid for the Coated or Toner divisions, as the case may be, plus assumed bank debt, but shall exclude assumed payables or other liabilities incurred in the ordinary course. In the case of a stock sale, merger or other business combination, Net Sale... Price means the aggregate consideration paid. If any portion of the Net Sale Price is subject to contingencies or will be paid in an earn-out payment (other than amounts held in escrow to secure indemnification obligations relating to the transaction), the bonus with respect to such portion of the Net Sale Price shall be earned and paid upon the distribution of the payment subject to such contingencies or the earn-out payment, as the case may be, to the Company. The bonus shall not be adjusted for, nor shall payment of any portion of the bonus be delayed for, any portion of the Net Sale Price that is held in escrow to secure indemnification obligations relating to the transaction. Regardless of the form of transaction, value of real estate shall not be included in Net Sale Price, except in the event of liquidation. View More