CNOP definition

CNOP is defined as (A minus (B times C)). “A” equals the cumulative “Non-Pension Operating Income” (which is operating income before defined benefit pension expense
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CNOP is defined as (A minus (B times C)). “A” equals the cumulative “Non-Pension Operating Income” (which is operating income before defined benefit pension expense (or income) and including costs attributable to stock options) for the Performance Period, as reported by NCR at the conclusion of the Performance Period. “B” equals “Controllable Capital”, which is working capital (comprised of accounts receivable plus inventory, minus the sum of accounts payable, deferred revenue and customer deposits), plus the sum of Property, Plant & Equipment, other current assets excluding taxes, and capitalized software, minus the sum of payroll and employee benefits and other current liabilities, excluding taxes and severance (FAS 112 liability). “C” equals 10%, which approximates NCR’s weighted average cost of capital.
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Examples of CNOP in a sentence

  • The continuing education offer is usually provided in non-academic settings [CNOP, 2012].

  • The report highlighted [CNOP, 2012]:  a strong commitment to continuing education (an increase compared to 2008)  a great variety of kinds of professional update and continuing education  average-to-negative judgement of the educational offer provided by universities (both at bachelor’s degree level and at the level of master’s degree, PhD and specialty training) also when it comes to the transition into the workplace (placements and internships).

  • The report highlighted [CNOP, 2012]: • a strong commitment to continuing education (an increase compared to 2008) • a great variety of kinds of professional update and continuing education • average-to-negative judgement of the educational offer provided by universities (both at bachelor’s degree level and at the level of master’s degree, PhD and specialty training) also when it comes to the transition into the workplace (placements and internships).

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