Net Profit. Net Profit shall be allocated to the Members in proportion to their Percentage Interests.
Net Profit. The current and accumulated operating earnings of the Employer before Federal and State income taxes, excluding nonrecurring or unusual items of income, and before contributions to this and any other qualified plan of the Employer. Alternatively, the Employer may fix another definition in the Adoption Agreement.
Net Profit. The Borrower will not permit, (a) as of the end of the calendar quarter ending December 31, 2014, its net income for the three month period most recently ending to be less than $1.00, and (b) as of the end of each calendar quarter thereafter, its net income for the six month period most recently ending to be less than $1.00."
Net Profit. Achieve a net profit after taxes (determined in accordance with Generally Accepted Accounting Principles) at a level equal to or greater than (i) $300,000.00 for the three-month period ending July 31, 1997, (ii) $600,000.00 for the six-month period ending October 31, 1997, (iii) $900,000.00 for the nine-month period ending January 31, 1998, and (iv) $1,200,000.00 for the fiscal year ending April 30, 1998.