Net Income Objective definition
Net Income Objective means CTC's net income (after tax) for any fiscal year is $20 million or greater determined in accordance with U.S. GAAP applied consistently with past periods and as set forth in CTC's audited financial statements; provided, however, that any amount included in such financial statements as compensation expense related to the SAR shall be added to CTC's net income (after tax) for purposes of determining the Net Income Objective.