Cash-Flow Break Even definition
Cash-Flow Break Even means a positive operating monthly cash flow of the Employer determined in accordance with GAAP before interest expense but after capital expenditures. Employee shall also be eligible to receive discretionary bonuses in the sole discretion of Employer's Board of Directors.
Examples of Cash-Flow Break Even in a sentence
The Incentive Bonus shall be deemed accrued if the unaudited accounts of the Employer reflect a Cash-Flow Break Even for any three consecutive month period during the Term.