net earnings definition

net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

net earnings means such earnings as are calculated in accordance with section 26;

net earnings in relation to an employment means the residue of earnings payable under the employment after deduction by the employer of –

Examples of net earnings in a sentence

• The Net Earnings of the System and a schedule demonstrating compliance with Section 5.01(B) hereof for such Fiscal Year; (E) All expenditures made from the several funds established by this Bond Ordinance, and Series Ordinances authorizing the issuance of the Bonds; and (F) The rate schedules that may from time to time be in force.

• Net Earnings shall include amounts transferred into the Operation and Maintenance Fund from the Rate Stabilization Fund.

• Net Earnings shall not include: (i) any gains from the sale or disposition of investments or fixed or capital assets not resulting from the ordinary course of the City’s business; (ii) amounts transferred from Rate Stabilization Fund into any other fund, excluding the Operation and Maintenance Fund as provided in (a) above; and (iii) amounts transferred into the Rate Stabilization Fund.

• Amounts on deposit in the Rate Stabilization Fund may, at the option of the City Council, be withdrawn and used for any otherrequired purpose of the System, but in such event, such withdrawal, if for a purpose other than the payments of Operation and Maintenance Expenses, shall be excluded from Net Earnings.

• The City further covenants and agrees that so long as any Bonds are Outstanding, it will, not later than one hundred eighty (180) days after the close of each Fiscal Year, cause to be made and completed by the Auditors, an audit of the records, books and accounts pertaining to the System, made in accordance with generally accepted accounting practices, showing, among other things, Gross Revenues and Net Earnings; and that it will furnish a copy of such audit upon request to the Trustee.

More Definitions of net earnings

net earnings means, with respect to any Fund, Account or Subaccount, or any portion thereof, all interest, profits and other income earned and received by the Trustee and the I-Bank, as appropriate, in respect of such Fund, Account, Subaccount or portion thereof, net of (i) any losses suffered, (ii) any fees due to the Trustee, the provider of an Investment Security, or, at the written direction of an Authorized Officer of the I-Bank, the financial advisor or investment advisor to the I-Bank in connection with an Investment Security held in such Fund, Account or Subaccount, and (iii) any amounts required to be set aside for rebate or to satisfy a yield restriction requirement to the Internal Revenue Service pursuant to any letter of instructions or certificate as to arbitrage.

net earnings means such earnings as are calculated in accordance with paragraph 58 (calculation of net earnings of employed earners);

net earnings means, for any period, the net income (loss) for such period, determined in accordance with GAAP.

net earnings means such earnings as are calculated in accordance with paragraph 19 of Schedule 1;

net earnings means, for any Fiscal Year, the after-tax consolidated net earnings of the Corporation and its subsidiaries as certified by the Corporation's independent accountants for inclusion in the annual report to shareholders ("Annual Report"), adjusted so as to eliminate the effects of any decreases in or charges to earnings for (a) the effect of foreign currency exchange rates, (b) any acquisitions, divestitures, discontinuance of business operations, restructuring or any other special charges, (c) the cumulative effect of any accounting changes, and (d) any "extraordinary items" as determined under generally accepted accounting principles, to the extent such decreases or charges referred to in clauses (a) through (d) are separately disclosed in the Corporation's Annual Report for the year.

net earnings means the dentist's net earnings over the test period, where net earnings are calculated as a percentage of gross earnings over the test period. The percentage to be applied in respect of earnings in the current and the preceding two financial years is 42.6 per cent;

net earnings means the after-tax consolidated net earnings of the Company and its subsidiaries as certified by its independent accountants for inclusion in the annual report to stockholders.