Operating Margin. 4 1.3.24 Operating Margin Customer...................... 4 1.3.25 PJM Interchange................................ 4 1.3.26 PJM Interchange Export......................... 4 1.3.27 PJM Interchange Import......................... 5 1.3.28 PJM Open Access Same-time Information System... 5 1.3.29 Point-to-Point Transmission Service. .......... 5 1.3.30 Ramping Capability............................. 5 1.3.31 Regulation..................................... 5 1.3.32 Regulation Class............................... 5 1.3.33 Spot Market Energy............................. 5 1.3.34 Transmission Congestion Charge................. 5 1.3.35 Transmission Congestion Credit................. 6 1.3.36 Transmission Customer.......................... 6 1.3.37 Transmission Forced Outage..................... 6 1.3.38 Transmission Planned Outage.................... 6 1.4
Operating Margin. 61 1.3.24 Operating Margin Customer............................... 61 1.3.25 PJM Interchange......................................... 61 1.3.26 PJM Interchange Export.................................. 61 1.3.27 PJM Interchange Import.................................. 61 1.3.28 PJM Open Access Same-time Information System............ 61 1.3.29 Point-to-Point Transmission Service..................... 62 1.3.30
Operating Margin. 227,456 ---------- 336,046 249,922 ---------- 349,631 212,290 ---------- 326,815 214,293 ---------- 320,097 276,954 ---------- 288,056 Expenses Operations and maintenance......... 187,969 178,310 169,921 159,954 154,370 Depreciation and amortization...... 62,492 57,284 55,088 52,277 47,140
Operating Margin. (i) Commencing with the fiscal quarter ending December 31, 2017 and for each fiscal quarter ending thereafter, Companies will not permit Gross Profit (as hereafter defined) as of the end of such fiscal quarter to be less than two percent (2%) of Companies’ revenue (determined in accordance with GAAP) for such fiscal quarter.
Operating Margin. Commencing with the fiscal quarter ending December 31, 2017 and for each fiscal quarter ending thereafter, Companies will not permit Gross Profit (as hereafter defined) as of the end of such fiscal quarter to be less than two percent (2%) of Companies’ revenue (determined in accordance with GAAP) for such fiscal quarter. For purposes hereof, the term “Gross Profit” shall mean an amount equal to (i) revenue received by Companies during the applicable period, minus (ii) the cost of goods sold during the applicable period, including all direct sales and marketing expenses incurred by Companies during such period, all to be determined in accordance with GAAP and in a manner consistent with Companies’ past practices and otherwise supported by calculations acceptable to Agent.”
Operating Margin. 227,456 -------- 336,046 -------- 249,922 -------- 349,631 -------- 212,290 -------- 326,815 -------- Operating expenses: Operations and maintenance............................... 187,969 178,310 169,921 Depreciation and amortization............................ 62,492 57,284 55,088 Taxes other than income taxes............................ 27,173 25,347 24,124 -------- -------- -------- Total operating expenses......................... 277,634 260,941 249,133 -------- -------- -------- Operating income........................................... 58,412 88,690 77,682 Other income and (expenses): -------- -------- -------- Net interest deductions.................................. (53,354) (49,461) (41,832) Preferred securities distributions (Note 5).............. (913) -- -- Other income (deductions), net........................... (652) (1,110) (13,891) -------- -------- -------- Total other income and (expenses)................ (54,919) (50,571) (55,723) -------- -------- -------- Income from continuing operations before income taxes...... 3,493 38,119 21,959 Income tax expense (Note 10)............................... 839 14,595 8,208 -------- -------- -------- Income from continuing operations.......................... 2,654 23,524 13,751 Discontinued operations (Note 12): Income (loss) from discontinued segment, net of tax -------- -------- -------- expense (benefit) of $(2,306), $3,127 and $3,051...... (4,513) 2,777 1,655 Loss on disposal of discontinued segment, including tax expense of $9,900................................. (13,023) -- -- -------- -------- -------- Net income (loss) from discontinued operations............. (17,536) 2,777 1,655 -------- -------- -------- Net income (loss).......................................... (14,882) 26,301 15,406 Preferred/preference stock dividend requirements........... 307 510 741 -------- -------- -------- Net income (loss) applicable to common stock............... $(15,189) $ 25,791 $ 14,665 ======== ======== ======== Earnings per share from continuing operations.............. $ 0.10 $ 1.09 $ 0.63 Earnings (loss) per share from discontinued operations..... (0.76) 0.13 0.08 -------- -------- -------- Earnings (loss) per share of common stock (Note 11)........ $ (0.66) $ 1.22 $ 0.71 ======== ======== ======== Average number of common shares outstanding................ 23,167 21,078 20,729 ======== ======== ======== The accompanying notes are an integral part of these statements. SOUTHWEST GAS CORPORATION AND S...
Operating Margin. If the employee terminates during the year due to death, disability, early retirement, or retirement, PMC will contribute the 2.0% at termination as long as the employee works at least one thousand (1,000) hours in the plan year. If PMC’s operating margin is less than 3%, such 2% non-elective employer contribution shall be paid at PMC’s discretion. o Employees who, by combination of age and years of service, achieve a numerical value of at least seventy
Operating Margin. Only the Company’s pre-Closing performance will be taken into account in determining the 2019-2021 Non-GAAP Operating Margin Performance. Accordingly, the Performance Period for this performance measure will be shortened to end within a reasonable period of the Closing. The Company’s Non-GAAP Operating Margin Performance for this period will be “locked” and this performance will used to determine the number of Performance Share Units eligible to vest based on this performance measure. The principles described will apply to all outstanding Performance Stock Units, including those issued in 2017 and 2018. Determinations of the Committee regarding 2019-2021 Total Revenues Performance (net of foreign exchange), 2019-2021 Non-GAAP Operating Margin Performance, Three-Year Relative TSR Performance and the resulting Performance Share Units vested, and related matters, will be final and binding on Participant. In making its determinations with respect to 2019-2021 Total Revenues Performance (net of foreign exchange), 2019-2021 Non-GAAP Operating Margin Performance and Three-Year Relative TSR Performance, the Committee may exercise its discretion (reserved under Plan Section 7(a)) to increase or reduce the amount of Performance Share Units deemed vested, in its sole discretion. Addendum A XXXXXXX-XXXXX SQUIBB COMPANY SPECIAL PROVISIONS FOR PERFORMANCE SHARE UNITS IN CERTAIN COUNTRIES Unless otherwise provided below, capitalized terms used but not defined herein shall have the same meanings assigned to them in the Plan and the Agreement. This Addendum A includes special country-specific terms that apply if you are residing and/or working in one of the countries listed below. This Addendum A is part of the Agreement. This Addendum A also includes information of which you should be aware with respect to your participation in the Plan. For example, certain individual exchange control reporting requirements may apply upon vesting of the Performance Share Units and/or sale of Shares. The information is based on the securities, exchange control and other laws in effect in the respective countries as of January 2019 and is provided for informational purposes. Such laws are often complex and change frequently, and results may be different based on the particular facts and circumstances. As a result, the Company strongly recommends that you do not rely on the information noted herein as the only source of information relating to the consequences of your participation in the P...
Operating Margin. At any time, permit the negative variance, if any, between the cumulative actual monthly Operating Margin and the cumulative forecasted monthly Operating Margin for the same period (as set forth in the Budget) to exceed $6,000,000.
Operating Margin. The Committee shall be responsible for establishing a target operating margin for the Program Budget. The target operating margin will be viewed in relation to the performance of the collective set of programs. The operating margin for the entire program budget may be adjusted annually by the Committee and shall be established at a target rate between 0% (break-even) and 10%.
