OIBT definition

OIBT means the operating income of the Company on a consolidated basis determined in accordance with GAAP, adjusted to exclude stock compensation expense, variable pay, purchase accounting and other one-time charges, as a percentage of revenue.
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OIBT for any period means the audited operating income before taxes of the Company's writing instrument division for such period.
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Examples of OIBT in a sentence

  • If OIBT for the fiscal year immediately preceding the fiscal year in which an award of Restricted Shares is made is equal to or greater than $25,000,000, the Restricted Period shall terminate at the end of the fiscal year for which OIBT is equal to or greater than two times OIBT for the fiscal year 1994.

  • Additional RSUs vest linearly based on OIBT between 6% and 10%, at which level 200% vesting occurs.

  • If OIBT is not at least two times the 1994 OIBT by the end of the 1999 fiscal year, any remaining Restricted Shares will be forfeited by the Participant and revert to the Company.

  • The RAISI certifications and all future controls to the electrical system, as legally stated, are at his costs as well (Low tension regulations – OIBT).

  • It will bear the expenses of the inspections required by the provisions of the OIBT for the electrical installations that it ordered and/or for the modifications or renovations that it had carried out.