After-Tax Earnings for any period, means the consolidated net income of Lessee and its subsidiaries (determined in accordance with Generally Accepted Accounting Principles ("GAAP") for that period, less the Tax Distribution Amount for that period. The "Tax Distribution Amount," for any period, means the combined incremental federal, state and local business, income tax liabilities of Lessee's direct or indirect owners subject to tax (without duplication of amounts) for that period, as reasonably computed by Lessee by using the statutory rates applicable to and computed solely upon the taxable income, gain, loss, deductions and credits of such direct or indirect owners for that period, but no liability so computed may be less than zero.
After-Tax Earnings means net income as derived from SPINC's applicable statements of income after deduction for all taxes and dividends declared in respect of SPINC's preferred stock and shall be determined, for the purposes of this Agreement, without taking into account any extraordinary items and any expense recognized as acquired in process research and development, net of applicable tax benefit. Except as otherwise expressly provided herein, After-Tax Earnings of SPINC shall be determined by SPINC on a basis consistent with the preceding practice of SPlNC. "Quarter End Valuation Date" means the last date of the fiscal quarter coincident with or immediately preceding the exercise by SPlNC of such option.
After-Tax Earnings means a Participant’s Pre-Tax Earnings less the applicable Source Deductions with respect to those Pre-Tax Earnings;
Examples of After-Tax Earnings in a sentence
The Company believes that the Non-GAAP financial measure “Adjusted After-Tax Earnings from Continuing Operations, Attributable to FMC Stockholders”, and its presentation on a per share basis, provides useful information about the Company’s operating results to investors and securities analysts.
See Note (b) to the schedule “Reconciliation of Net Income (Loss) Attributable to FMC Stockholders (GAAP) to Adjusted After-Tax Earnings from Continuing Operations, Attributable to FMC Stockholders (Non-GAAP)” for further details on the components that make up this line item.
See Note (c) to the schedule “Reconciliation of Net Income (Loss) Attributable to FMC Stockholders (GAAP) to Adjusted After-Tax Earnings from Continuing Operations, Attributable to FMC Stockholders (Non-GAAP)” for further details on the components that make up this line item.
See Note (d) to the schedule “Reconciliation of Net Income Attributable to FMC Stockholders (GAAP) to Adjusted After-Tax Earnings from Continuing Operations, Attributable to FMC Stockholders (Non-GAAP)” for further details on the components that make up this line item.
The research consisted of three case studies of new teachers that completed their 12-month Certificate of Education training within the past three years.The findings of the cross-case analysis clarify how the transfer of teacher training is supported or challenged at the person, program, and system levels.
More Definitions of After-Tax Earnings
After-Tax Earnings means net income after taxes for AMCC computed as provided herein and otherwise in accordance with GAAP, and shall be based on the financial statements of AMCC for the applicable period, as audited (or reviewed and accepted) by Xxxxx's independent certified public accountants. In determining After-Tax Earnings, AMCC's net earnings shall be reduced by the adjustments described in Section 5 hereof. The Buyer shall cause its accountants to complete their audit (or review) of AMCC's financial statements as soon as practicable after the end of each Earn-Out Period.
After-Tax Earnings means net income as derived from the Company's applicable statements of income after deduction for all taxes and dividends declared in respect of the Company's preferred stock and shall be determined, for the purposes of this Agreement without taking into account any extraordinary items and any expense recognized in 1992 or 1993 associated with the corporate restructuring (including, without limitation, the negotiation and consummation of the transactions relating to the Company on or about December 24, 1992) or in preparation in 1992 or 1993 for an initial public offering, net of applicable tax benefit. Except as otherwise expressly provided herein, After-Tax Earnings of the Company shall be determined by the Company on a basis consistent with the preceding practice of the Company. "Quarter End Valuation Date" means the last date of the fiscal quarter coincident with or immediately preceding the exercise by the Company of such option.
After-Tax Earnings as defined in Section 1.2.
After-Tax Earnings means, as of any date, the after-tax earnings which would appear on the audited income statement of the Employer as of such date in accordance with generally accepted accounting principle consistently applied. The Book Value and the After-Tax Earnings of the Stock Bonus Shares shall be determined by the then existing independent certified public accountants oft Employer. The determination by such independent certified public accountants of the Book Value and the After Tax Earnings of the Stock Bonus Shares shall be conclusive and binding on the Employee and the Employer. Any payment for the redemption of the Stock Bonus Shares made pursuant to a termination cause, shall be payable quarterly over a twenty-four (24) month period at an interest rate per annum equal to the Prime Rate plus one percent (1%).
After-Tax Earnings means all earnings generated by the Company (as the surviving corporation under the Merger) for the Earn-Out Period, calculated in accordance with GAAP on a stand-alone basis, after the deduction of taxes at a tax rate of 40%, giving no effect to any utilization of net operating loss carry-forwards. The computation of after-tax earnings of the Company shall be made in accordance with Schedule 2.7(b) attached hereto.
After-Tax Earnings. As defined in Section 8.5.
After-Tax Earnings means the before tax earnings of Newco determined by Newco's independent auditors in accordance with generally acceptable accounting principles consistently applied adjusted for the taxes that would be payable if Newco were a corporation that filed a separate tax return; (ii) At any time during the sixth year after the date hereof if Newco is not then publicly held, Xxxxxxxxx shall have the right to require Newco to purchase, and Newco shall purchase from Xxxxxxxxx, for cash up to 50% of the Xxxxxxxxx Option Shareholdings less any amount already sold pursuant to Section 3(b)(i) hereof, at the Per Share Purchase Price; (iii) At any time during the seventh year after the date hereof if Newco is not then publicly held, Xxxxxxxxx shall have the right to require Newco to purchase, and Newco shall purchase from Xxxxxxxxx, for cash up to 75% of the Xxxxxxxxx Option Shareholdings less any amount already sold pursuant to Sections 3(b)(i) and (ii) hereof at the Per Share Purchase Price; (iv) At any time during the eighth year after the date hereof if Newco is not then publicly held, Xxxxxxxxx shall have the right to require Newco to purchase, and Newco shall purchase from Xxxxxxxxx for cash, any or all of his Newco shares at the Per Share Purchase Price; Provided, however, that (A) all such purchase obligations under Sections 3(b)(i)-(iii), above, shall be subordinated to those obligations of Newco to its outside creditors outstanding prior to receipt by Newco of notice from Xxxxxxxxx exercising his rights hereunder; (B) any of Newco's obligations due in each of the fifth, sixth and seventh years under Sections 3(b)(i)-(iii), above, in excess of Five Hundred Thousand Dollars ($500,000), may be deferred to the next following year, provided that in no event shall the maximum amount payable in the sixth and seventh year be more than Five Hundred Thousand Dollars ($500,000), and the balance shall be due in the eighth year along with other amounts due in that year under (iv), above; (C) in no event shall any deferred amounts subject to Paragraph (B), above, be forgiven or otherwise deemed not to be due and owing Xxxxxxxxx as a result of Newco's becoming publicly held after the date of original incurrence of such obligation.