Definition of Business Operating Income


Business Operating Income means, for calendar year 2015, operating income (or operating loss) (1) plus, to the extent included in the calculation of operating income for such period in accordance with U.S. GAAP, the sum of, (a) impairment charges, (b) charges related to the accelerated recognition of asset retirement obligations, (c) any losses from sales of assets or a business other than in the ordinary course of business, (d) expenses related to natural disasters such as hurricanes or earthquakes that significantly disrupt operations, (e) any non-recurring expenses associated with an acquisition or divestiture during the year that is integrated into the Business including the mark-up of inventory held by the acquired business at the date of acquisition, the write-off of in-process R&D and transaction related expenses, (f) professional fees and expenses related to any transaction that has been announced but has not closed as of the end of the calendar year and is still deemed to be probable such transaction will close and (g) all allocated functional and corporate expenses (2) minus any gains from sales of assets or a sub-segment of the Business other than in the ordinary course of business.

Examples of Business Operating Income in a sentence

The first year component will be based on achievement of Sacramento Business Operating Income Contribution during the First Year Measurement Period and will be equal to $270,000 times the Attainment Percentage (defined below).
The second year component will be based on achievement of Sacramento Business Operating Income Contribution during the Second Year Measurement Period and will be equal to $270,000 times the Attainment Percentage (defined below).
The first year component will be based on achievement of Hosting Business Operating Income Contribution during the First Year Measurement Period and will be equal to $270,000 times the Attainment Percentage (defined below).
The second year component will be based on achievement of Hosting Business Operating Income Contribution during the Second Year Measurement Period and will be equal to $270,000 times the Attainment Percentage (defined below).