Cumulative Adjusted Net Income definition

Cumulative Adjusted Net Income means, for any period, the sum, for each complete fiscal year of Terra (beginning with the fiscal year ending December 31, 1995) during such period, of the Adjusted Net Income Amounts for all such fiscal years. For purposes of this definition, "Adjusted Net Income Amount" means, for any fiscal year of Terra, the greater of (x) 33-1/3% of the net income of Terra and its Subsidiaries on a Consolidated basis during such fiscal year and (y) $20,000,000.

Cumulative Adjusted Net Income means, for any applicable period, the Adjusted Net Income (Loss) of the Reinsurer from the Effective Date to (and including) the last day of such period. “Cumulative Adjusted Net Underwriting Income (Loss)” means, for any applicable period, the (i) the Cumulative Net Underwriting Income (Loss), plus (ii) the total net investment income of the Reinsurer from the Effective Date to (and including) the last day of such period, less (iii) the total net investment income of the Reinsurer earned on the Average Equity Capital and Average Indebtedness for such period, in each case as determined in accordance with GAAP.

Cumulative Adjusted Net Income means, at any time for any determination thereof, Adjusted Net Income of the Borrower and its Subsidiaries for the period (taken as one accounting period) commencing on January 1, 2011 and ending on the last day of the then most recently ended Fiscal Quarter of the Borrower.

Examples of Cumulative Adjusted Net Income in a sentence

• If the Company’s Cumulative Adjusted Net Income Per Share falls between Threshold and Target or between Target and Maximum levels of performance, the number of Restricted Stock Units that vest shall be calculated using straight-line interpolation.

• As soon as reasonably practicable after the completion of the Performance Period, but in no event later than 90 days following the end of the Performance Period (including upon the consummation of a Change in Control, as applicable), the Administrator shall determine the Company’s Cumulative Adjusted Net Income per Share for the Performance Period (such date of determination, the “Determination Date”).

• Any PSUs granted hereby which remain outstanding as of the Determination Date, but do not vest as of the Determination Date, shall automatically be cancelled and forfeited on the Determination Date without payment of any consideration therefor, and Participant shall have no further right to or interest in such PSUs.* In the event that the Company’s Cumulative Adjusted Net Income per Share falls between performance ranges, the applicable Earning Percentage shall be determined by linear interpolation.

• Subject to Sections 2.2 and 2.3 hereof, a number of PSUs shall vest on the Determination Date (as defined below) equal to (i) the Target Number of PSUs, multiplied by (ii) the “Earning Percentage” set forth in the table below based on the Company’s Cumulative Adjusted Net Income per Share for the Performance Period.

• For the avoidance of doubt, the parties acknowledge and agree that the Profit Commission is an expense that is taken into account in the calculation of Cumulative Adjusted Net Income.

More Definitions of Cumulative Adjusted Net Income

Cumulative Adjusted Net Income means, on any date of determination, Adjusted Net Income for the period (taken as one accounting period) commencing on February 1, 2005 and ending on the last date of the most recently ended Quarter for which financial statements have been delivered in accordance with Section 6.1, but excluding in any event interest expense accrued on Permitted Holdco Debt for any period in which such Indebtedness was not Pushdown Holdco Debt. ''Cumulative Growth Amount'' means, on any date of determination, the sum of, without duplication,

Cumulative Adjusted Net Income means the aggregate amount of Adjusted Net Income of the Company for the period beginning on January 1, 2009 through the close of the most recently completed fiscal quarter as of any date of determination. For the avoidance of doubt, to the extent that Adjusted Net Income for any completed fiscal period is a negative number, such negative amount shall offset positive Adjusted Net Income from any prior or future fiscal period.

Cumulative Adjusted Net Income means, at any date of determination, Adjusted Net Income of DTAG and its Subsidiaries for the period (taken as one accounting period) commencing on January 1, 2012 and ending on the last day of the then most recently ended fiscal quarter of DTAG.

Cumulative Adjusted Net Income means the cumulative consolidated After-Tax net income of the Joint Venture minus the cumulative consolidated net losses of the Joint Venture, as adjusted by adding, without duplication, (1) the cumulative After-Tax Nexans Facility Restructuring Costs in an aggregate amount no greater than the Nexans Facility Restructuring Cost Limit for each relevant period, (2) the cumulative After-Tax amount of any fees payable by the Joint Venture under the Management Services Agreement (or otherwise paid to Essex or one of its Affiliates for similar services) in excess of € 1 million per year (without taking into account any reimbursement of external costs paid in accordance with the Management Services Agreement), (3) actual After-Tax external costs of measures taken at the level of the Joint Venture to facilitate compliance by Superior with the Xxxxxxxx-Xxxxx Act of 2002 in an amount not to exceed €250,000 per year, (4) any After-Tax amounts paid by the Joint Venture pursuant to Section 4.7 of the Contribution Agreement, and (5) any Purchase Accounting Adjustment Amounts. The foregoing amounts shall be added back to net income in the period or periods during which and to the extent they are charged against net income of the Joint Venture.

Cumulative Adjusted Net Income means, at any time for any determination thereof, the sum of (i) Consolidated Net Income for the period (taken as one accounting period) commencing on July 1, 2006 and ending on the last day of the last fiscal quarter of the Borrower then ended plus (ii) all losses from debt retirement deducted in determining Consolidated Net Income for the period referred to in clause (i) above plus (iii) all trademark and goodwill amortization and all non-cash impairments of goodwill and trademarks (if any) of the Borrower and its Subsidiaries for the period referred to in clause (i) above, in each case to the extent deducted in determining such Consolidated Net Income for such period, less (iv) any tax benefit relating to the losses described in preceding clause (ii) and included in determining Consolidated Net Income for the period referred to in clause (i) above.

Cumulative Adjusted Net Income or "Consolidated Net Worth") shall not exceed $245,000,000 million (determined on a pre-tax basis), of which no more than approximately $70,000,000 (determined on a pre-tax basis) shall be characterized as cash restructuring charges.

Cumulative Adjusted Net Income means, at any time, the sum of the Adjusted Net Income (whether positive or negative) for each fiscal year of Holdings completed after the Effective Date and prior to such time and for which financial statements have been delivered to the Administrative Agent pursuant to Section 5.01.