Gross Profit definition

Gross Profit means sales minus the cost of goods sold.

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Gross Profit means as to any Performance Period the difference between gross revenue of the Company or any business unit and cost of goods sold of the Company or such business unit, in each case determined in accordance with GAAP.

Gross Profit means gross receipts minus the amount actually expended for the payment of prize awards.

Examples of Gross Profit in a sentence

Notwithstanding the above, this Section 2.06(g) shall not alter Buyer’s obligation to calculate Revenue or Gross Profit in connection with the definitions of each as set forth herein.
Seller acknowledges and agrees that ▇▇▇▇▇ may make from time to time such business decisions as it deems appropriate, in its sole discretion, in the conduct of the business of Buyer and its Subsidiaries, including actions that may have an impact on Buyer's Gross Profit and/or the Earn-Out Consideration.
For the avoidance of doubt, if Buyer’s Market Cap is less than the Market Cap Threshold at the Market Cap Determination Time, and the Gross Profit during the Earnout Period exceeds the Minimum Earnout Threshold, Seller will have earned the applicable Earnout Consideration as calculated pursuant to Section 2.06(c).
For the avoidance of doubt, if Buyer’s Market Cap is less than the Market Cap Threshold at the Market Cap Determination Time and Secondary Market Cap Determination Time, and the Gross Profit during the Earnout Period exceeds the Minimum Earnout Threshold, Seller will have earned the applicable Earnout Consideration as calculated pursuant to Section 2.06(d).

More Definitions of Gross Profit

Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

Gross Profit means the amount by which the sum of the Turnover and the amount of the closing stock and work in progress exceeds the sum of the opening stock and work in progress and the amount of the Uninsured Working Expenses.

Gross Profit has the meaning set forth in Section 3.2.

Gross Profit means, with respect to a fiscal year of the Company, the excess, if any, of (x) the sum of (i) the amount set forth in the Company's audited Consolidated Statements of Operations as set forth in the Company's annual report on Form 10-K (the "Income Statement") for such fiscal year with respect to the line item "Net income (loss)" plus (ii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax expense" less (iii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax (benefit)" plus (iv) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax expense included in any income or (loss) attributable to the discontinued operations and/or extraordinary items set forth in the Income Statement less (v) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax (benefit) included in any income or (loss) attributable to such discontinued operations and/or extraordinary items set forth in the Income Statement, over (y) the Excluded Amounts for such fiscal year.

Gross Profit the sum produced by adding to the “net profit" the amount of the “insured standing charges" or if there is no “net profit" the amount of the “insured standing charges" less such a proportion of any net trading loss as the amount of the “insured standing charges" bears to all standing charges of the business.

Gross Profit means the amount by which:

Gross Profit means the sum produced by adding the Net Profit the amount of all Standing Charges or if there be no Net Profit the amount of all standing charges less any net trading loss.