NPBT definition

NPBT means the net profit before taxes of Company's Raleigh, North Carolina Division, during the applicable period. The NPBT shall be determined by the internally generated financial statements of the Company in accordance with generally accepted accounting principles, consistently applied, provided that no effect shall be given to any gain or loss attributable to sale of assets by said Company's Raleigh, North Carolina Division not in the ordinary course of business, and provided that no effect shall be given to any increase in the amounts of depreciation, amortization or other expense or deduction taken on tangible or intangible assets of Company's Raleigh, North Carolina Division if such increase is attributable to the revaluation of such assets incident to their acquisition pursuant to the terms of the Purchase Agreement. Commencing upon the installation of the Astea (MAS and accounting) System at the Company's Raleigh, North Carolina Division, a 1.5% MAS royalty on gross sales by the Company's Raleigh, North Carolina Division shall be made incident to said NPBT determination. For each subsequent year described above that this Agreement is in effect, the parties shall, in good faith, agree upon the MAS royalty to be charged hereunder based on the level of services and support being provided by Company to its Raleigh, North Carolina Division. Provided, however, such MAS royalty fees shall be 1.5% if the parties are unable to come to agreement for each subsequent year. For purposes of this section, the term "Company's Raleigh, North Carolina Division" shall be defined as the businesses acquired from DataNet, by Company and its affiliate, Pomeroy Select ▇▇▇▇▇▇▇tion Solutions, Inc., pursuant to the Purchase Agreement, provided, however, commencing upon the Astea (MAS and accounting) System conversion, the term "Company's Raleigh, North Carolina Division" shall include the Company's existing Research Triangle, North Carolina branch. Said determination of NPBT shall be subject to verification as set forth below. Any cash amount determined under section 5(b) shall be payable to Employee within thirty (30) days after the issuance of the Company's financial statements for such period.
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NPBT the net operating profit on ordinary activities of the Company before interest and taxation, calculated in accordance with the accounting conventions, policies, principles, methods and practices adopted or applied by the Company and otherwise in accordance with the generally accepted accounting principles of the UK, in respect of the last financial year ended prior to the Option Period for which "NPBT" is required to be calculated, based upon the Company's audited financial statement for such financial year;
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NPBT. The Net Profit Before Taxes of Purchaser No. 1's eServ Solutions ---- Group Division and Purchaser No. 2's eServ Solutions Group Division for the applicable period as set forth in Section 4.6. The determination of NPBT shall be determined in accordance with the provisions set forth in Section 4.8.
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Examples of NPBT in a sentence

  • NPBT shall be determined by the independent accountant regularly retained by the Company, subject to the foregoing provisions of this subparagraph and in accordance with generally accepted accounting principles.

  • In the event that Company acquires during any applicable fiscal year a company that had gross revenues in excess of Twenty-Five Million Dollars ($25,000,000.00) for its most recently concluded fiscal year, Company and Executive shall in good faith determine whether any adjustments to the NPBT criteria, whether upward or downward, shall be made in order to reflect the effect of such acquisition on the operations of the Company.

  • In the event Company fails to attain the NPBT thresholds referenced hereinabove for the applicable quarter, Employee shall not be eligible for or entitled to any bonus hereunder.

  • In the event that Company acquires during any applicable fiscal year a company that had gross revenues in excess of Twenty-Five Million Dollars ($25,000,000.00) for its most recently concluded fiscal year, Company and Executive shall in good faith determine whether any adjustments to the NPBT and SGMD criteria, whether upward or downward, shall be made in order to reflect the effect of such acquisition on the operations of the Company.

  • Employee shall also be eligible to ----------------- receive a quarterly bonus if Company's net profit before taxes ("NPBT") meet or exceed certain thresholds, which are more particularly set forth herein below.

  • Such gross sales and NPBT of Company's Atlanta Division shall be determined by the Company's internally generated accounting statements determined on a consolidated basis in the manner set forth above and in accordance with generally accepted accounting principles.

  • During the period commencing with the closing of the Purchase Agreement and ending January 5, 2000, a combined 1.8% MAS royalty and AdFund fee on gross sales by Companys Atlanta Division shall be made incident to said NPBT determination.

  • The determination of Pro Forma NPBT of Company No. 1 and Company No. 2 shall be made in the manner provided for in Section 3.02 hereof.

  • If Company's NPBT for the applicable quarter is greater than 3.0%, Employee shall be entitled to receive a cash bonus of $10,000.00 for the quarter; if Company's NPBT for the applicable quarter is greater than 3.5%, Employee shall be entitled to receive a cash bonus of $15,000.00; or, if Company's NPBT is greater than 4.0%, Employee shall be entitled to receive a cash bonus of $20,000.00.

  • The potential annual bonus shall be predicated entirely on the attainment of NPBT.


More Definitions of NPBT

NPBT means the net profit before taxes of Purchaser No. 1's and Purchaser No. 2's Minneapolis/St. Paul Divisions during the applicable period. The NPBT shall be determine▇ by the internally-generated financial statements of Purchaser No. 1 and Purchaser No. 2 determined in the manner set forth above in accordance with generally accepted accounting principles, consistently applied, provided that no effect shall be given to any gain or loss attributable to sale of assets by said Divisions not in the ordinary course of business. Said determination of NPBT shall be subject to verification as described below. In addition, for purposes of determining NPBT for any particular year, except as noted above, no item of income or expense will be allocated by Purchaser No. 1 or Purchaser No. 2 to Purchaser No. 1's and/or Purchaser No. 2's Minneapolis/St. Paul Division unless such items are reasonably calculated to contr▇▇▇▇e to the increase in profits of such Minneapolis/St. Paul Divisions, it being the intent of the parties that the Purchaser No. ▇ and Purchaser No. 2 shall exercise the utmost good faith with respect to allocations of income and expense to Purchaser No. 1's and Purchaser No. 2's Minneapolis/St. Paul Division. Incident to the determination of NPBT of Purchaser No. ▇'▇ and Purchase No. 2's Minneapolis/St. Paul Division, no compensation of any executive or other employee ▇▇ ▇urchaser No. 1 and/or Purchaser No. 2 or their respective affiliates who do not work directly for Purchaser No. 1's and/or Purchaser No. 2's Minneapolis/St. Paul Division shall be allocated to such division. Any payment made t▇ ▇▇ller pursuant to this Section 4.6 shall not be charged against the NPBT for any year.
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