Non-Payroll Operating Expenses definition
Non-Payroll Operating Expenses has the meaning set forth in §15.7.1.
Non-Payroll Operating Expenses means the aggregate net income of Company plus [i] the amount of all payroll expenses, benefits, and payroll taxes; plus [ii] all non-operating expenses including, but not limited to, all capital improvements, rents, interest, straight-line rent adjustments, depreciation, amortization, development expenses, restructuring expenses, litigation settlements, gain or loss on disposal of assets, and income taxes.