Adjusted Operating Earnings definition
Adjusted Operating Earnings means Operating Earnings plus realized gains, net foreign currency gains and decreases in expense associated with reversals of provisions for loan and lease losses; less realized losses and net foreign currency losses.
Adjusted Operating Earnings means (a) the Corporation's net earnings, plus (b) any extraordinary or non-recurring items of expense (including, without limitation, any items of expense associated with the Corporation's Offering (as hereinafter defined) and related Reorganization (as hereinafter defined) and related transactions, charged against such earnings, plus (c) interest expense (including deferred financing costs) in respect of indebtedness and capitalized leases charged against such net earnings, other than such interest expense in respect of indebtedness under revolving credit or similar arrangements to finance inventories and receivables, plus (d) tax expense in respect of all taxes measured or levied on the basis of the Corporation's earnings or profits charged against such net earnings, all as determined by 2 reference to the Corporation's audited financial statements for such year, plus (e) bonus expense in respect of this Agreement, employment agreements of even date herewith between the Corporation and Marc ▇▇▇ ▇▇▇ Caro▇▇ ▇▇▇ber, respectively, and other bonuses paid or payable to senior executives of the Corporation and/or all subsidiaries, including Marisa Chri▇▇▇▇▇ ▇▇▇arel, Inc., Flapdoodles, Inc. and Adri▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇erprises, Inc. With regard to the Corporation's Adjusted Operating Earnings for 1994, such Earnings will be determined on a pro forma basis, as if the Corporation's reorganization and Offering (as those terms are defined in, and pursuant to, the Corporation's Agreement and Plan of Reorganization, dated June 22, 1994), and the application of the net proceeds from the Offering, were consummated on January 1, 1994.
Adjusted Operating Earnings means for any period Consolidated Net Income for such period plus (a) to the extent deducted in determining such Consolidated Net Income, the sum of (i) extraordinary losses (net of any credits against or reduction of Federal and state income taxes resulting from such loss), determined in accordance with GAAP, (ii) depreciation and amortization, (iii) all taxes on or measured by income, whether Federal, state, local or otherwise, including any deferred portions thereof and (iv) all Fixed Charges, less (b) to the extent added in determining such Consolidated Net Income, extraordinary gains (net of any increases in Federal and state income taxes resulting from such gain), determined in accordance with GAAP.
Examples of Adjusted Operating Earnings in a sentence
The amount of Incentive Compensation may be increased or decreased, if the Manager agrees and if a majority of the Independent Directors determines in the exercise of reasonable discretion that the amount so calculated is not equitable based upon facts and circumstances that may include, without limitation, dividend payments, market conditions, managerial performance or other factors not reflected in Adjusted Operating Earnings.
First, the number of Performance Share Units will be determined based on the following chart: Percentage of Performance Share Units Earned Average Three-Year After-Tax Adjusted Operating Earnings Per Share Average Three-Year Adjusted OperatingReturn on Equity *If Additional Adjustment Items are applied to actual performance metrics, applicable adjustments may also be made to the targets listed in this table.
Permit at the end of any fiscal quarter the ratio of Adjusted Operating Earnings to Fixed Charges for the period consisting of the four consecutive fiscal quarters ending with such fiscal quarter to be less than 1.50 to 1.0.
More Definitions of Adjusted Operating Earnings
Adjusted Operating Earnings means (a) the Corporation's net earnings, plus (b) any extraordinary or non-recurring items of expense (including, without limitation, any items of expense associated with the Corporation's Offering (as hereinafter defined) and related Reorganization (as hereinafter defined) and related transactions, charged against such earnings, plus (c) interest expense (including deferred financing costs) in respect of indebtedness and capitalized leases charged against such net earnings, other than such interest expense in respect of indebtedness under revolving credit or similar arrangements to finance inventories and receivables, plus (d) tax expense in respect of all taxes measured or levied on the basis of the Corporation's earnings or profits charged against such net earnings, all as determined by reference to the Corporation's audited financial statements for such year, plus (e) bonus expense in respect of this Agreement, and other bonuses paid or payable to senior executives of the Corporation and/or all subsidiaries, including Marisa Chri▇▇▇▇▇ ▇▇▇arel, Inc. With regard to the Corporation's Adjusted Operating Earnings for 1994, such Earnings will be determined on a pro forma
Adjusted Operating Earnings means, for the applicable Performance Period, the Company's operating earnings as presented in the Company's consolidated audited income statement for the Performance Period, adjusted to eliminate or exclude the effects of unusual or non-recurring items, which adjustments shall be approved by the Committee as provided in Section 3 below, including but not limited to, the effect of accounting changes; tangible and intangible asset impairment charges; fees, expenses and charges associated with debt and/or equity financing transactions, merger and acquisition activity (including the purchase or sale of a business unit or its assets and any post transaction-related claims, litigation or settlement charges) and exit and realignment activities; gains/losses from asset sales not made in the ordinary course of business; retirement plan gains/losses; and gains/losses or charges associated with material litigation, regulatory, tax or insurance settlements; and fluctuations in currency exchange rates. Adjustments to the Company’s operating earnings for purposes of determining any Award earned hereunder shall be taken into account only to the extent that they are separately identified or quantified in the Company’s consolidated audited financial statements, the notes to the consolidated financial statements, “Management’s Discussion and Analysis” in the Company’s Annual Report on Form 10-K or in other Company filings with the Securities and Exchange Commission. “Adjusted Operating Earnings After Tax” shall mean the Adjusted Operating Earnings less the product of the Adjusted Operating Earnings and the Adjusted Tax Rate. “Average ROIC” shall mean the two-year average (for the Performance Period) of the ROIC.
Adjusted Operating Earnings means the operating earnings before the accelerated recognition of deferred revenues, accelerated depreciation, restructuring and other costs (gains) and impairment of assets of Transcontinental or Coveris, as applicable.