Define: Total Cash

How is Total Cash defined in a legal contract?

• Total Cash means the sum of all unrestricted funds, which also includes any funds held by a payment processor before giving them to the [organization]. Seen in 11 SEC filings.
• Total Cash means all of the cash and cash equivalents shown on the [organization]'s balance sheet at end of their most recent fiscal year. Seen in 8 SEC filings.
• Total Cash means an organization's total consolidated cash and cash equivalents, held in accounts that are governed by a specific agreement which officially secures the rights to the deposit account(s) or securities account(s) for the benefit of lenders under a bank facility. Seen in 6 SEC filings.
• Total Cash means all the cash and cash equivalents of an [organization], including those held as collateral, in escrow, by a creditor or contract party and those from like-kind exchanges. Seen in 126 SEC filings.
• Total Cash means the total value of an executive's base salary and current annual incentive target bonus. This value can be adjusted depending on certain events within the organization. Seen in 22 SEC filings.
• Total Cash means the greater amount between an executive's base salary when the termination notice is given or immediately prior to the termination date, plus the executive's current annual incentive target bonus. It's also defined as the total of an executive's highest paid base salary and highest earned annual incentive bonus with respect to any of the last three years immediately preceding the year containing the termination date. Seen in 12 SEC filings.

Please note that all these definitions have been simplified for the average business user. The term [organization] replaces specific company or group names found in the actual definitions. Also, certain specific details have been omitted for a clearer, more universally useful definition.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Total Cash means the sum of all unrestricted, accessible funds, including those held as collateral, in escrow, and from like-kind exchanges.

Relevant Contract Types

• Asset Purchase Agreement
• Balance Sheet Agreement
• Merger and Acquisition Agreement
• Shareholder Agreement

Relevant Circumstances

• When organizations are going through a merger or asset purchase/sale.
• When there is a need to clarify financial aspects during a takeover bid.
• During internal financial reporting.

Relevant Sectors

• Banking and Finance
• Real Estate
• Retail

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Genie Definition 2

• Total Cash means the total of all cash and cash equivalents shown in the [organization]'s balance sheet at the end of their most recent fiscal year.

Relevant Contract Types

• Financial Reporting Agreement
• Annual Report
• Bank Facility Agreement

Relevant Circumstances

• For day-to-day financial management and accounting practices.
• During the preparation of an annual report or financial statement.
• In setting up of financial performance metrics and KPIs.

Relevant Sectors

• Accounting
• Banking and Finance
• Manufacturing

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Genie Definition 3

• Total Cash means the executive's total annual salary plus the current annual target bonus.

Relevant Contract Types

• Employment Contract
• Executive Compensation Agreement
• Severance Agreement

Relevant Circumstances

• In determining compensation packages for executives.
• In case of termination or severance.
• For payroll and tax reporting.

Relevant Sectors

• Human Resources
• Corporate
• IT and Telecommunications

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