Group Profit definition

Group Profit means the consolidated net profit before taxation (and, where appropriate, profits and/or losses on sale or termination of operations) of the Group, taking credit for any profits of, and deducting any loss, of any corporation which is not a subsidiary to the extent that the same is attributable to the Borrower and is included in the audited consolidated profit and loss account of the Group, without making any deduction in respect of minority interests held by any person who is not a member of the Group.
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Examples of Group Profit in a sentence

  • Based on projected 2008 full year GSI Group Profit results against plan, no bonus for item 1 of the Incentive Bonus Plan is payable.

  • From and after the Distribution Time, Lazard Group shall retain (i) sponsorship of the Lazard Group Profit Sharing Plan and its related trust and any other trust or other funding arrangement established or maintained with respect to such plan, or any assets held as of the date hereof with respect to such plan, and (ii) all Liabilities relating to, arising out of or resulting from claims incurred by or on behalf of any individuals with respect to benefits under the Lazard Group Profit Sharing Plan.

  • This date is not necessarily the date used to determine your entitlement to certain employee benefits e.g. the ▇▇▇▇▇▇ ▇▇▇▇▇ Pension Scheme or Group Profit Share Scheme.

  • Buyer shall have no obligations with respect to the Parent Group Profit Sharing Plan or the Parent Group Retirement Plan or any other Benefit Plan maintained by the Parent Group.

  • The only payments which may be made by any Group member or the UK Employer to any Employee in connection with the sale or transfer of the Group or any Group member arises pursuant to the change of control provisions of the Baring Asset Management Holdings Limited Group Profit Sharing Scheme and Long Term Incentive Plan.

  • Prior to Closing, Blue Oak shall authorize the termination of the Blue Oak Dental Group Profit Sharing Plan and Trust (the "Profit Sharing Plan") effective as of the Closing.

  • If to Purchaser: Codera Wine Group Profit Sharing Plan POBox 43 Graton, CA 95444 or to such other addresses as a party may designate by five (5) days' prior written notice to the other party.

  • The Company wishes to establish a scheme approved in accordance with the provisions of Schedules 9 and 10 of the Income and Corporation Taxes Act 1988 (as amended) for the provision by the Participating Companies of funds for the acquisition by the Trustees of Shares in the Company to be known as the ▇▇▇▇▇▇ ▇▇▇▇▇▇▇ UK Group Profit Sharing Plan or "the Plan".

  • The term “Policies” shall mean each of the Company’s binders, policies and Agreements of insurance or reinsurance on business classified by the Company as the Business Solutions Group Profit Center, only, as defined in Appendix A — Definition of Profit Center..

  • This Deed is made pursuant to a Trust Deed (hereinafter called "the Trust Deed") made the 29th September 1992 between the Company and the Trustees and the Participating Companies (as defined in the Trust Deed) whereby the Company established the Vodafone Group Profit Sharing Scheme (hereinafter called "the Scheme").