BEBIT definition

BEBIT and "Target Amount" are used interchangeably and mean the budgeted earnings before income taxes for the Newmark Entities as has been established by the Special Benefits Committee of the Board of Directors of Newmark Homes Corp. (the "special Benefits Committee") and the Employee prior to the date of this Agreement for the calendar year 2000 and shall be agreed to prior to the end of the first quarter of 2001 and 2002 for calendar years 2001 and 2002, respectively. If the parties are unable to agree on the BEBIT for 2001, the Target Amount shall be 110% of the BEBIT for the prior calendar year. If the parties are unable to agree on the BEBIT for 2002, the Target Amount shall be the BEBIT for 2000 compounded at 110%.
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Related to BEBIT

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • EBITDA means, with respect to any Person for any period, the Consolidated Net Income of such Person for such period

  • net non-operating income means the difference between: (A) revenues from all sources other than those related to operations; and (B) expenses, including taxes and payments in lieu of taxes, incurred in the generation of revenues in (A) above.

  • Gross Calorific Value of “GCV” shall mean that quantity of heat expressed in Kilowatt- hour produced by the complete combustion of one (1) normal cubic metre of Natural Gas at twenty-five (25) degrees Celsius and an absolute pressure of one decimal zero one three two five (1.01325) bar with excess air at the same temperature and pressure as the Natural Gas when the products of combustion are cooled to twenty-five (25) degrees Celsius and when the water formed by combustion is condensed to the liquid state and the products of combustion contain the same total mass of water vapor as the Natural Gas and air before combustion.

  • EPS means earnings per share.