PBIT definition
PBIT means, in relation to any Relevant Period, the consolidated operating profit of the Restricted Group from continuing operations but before tax and excluding:
PBIT means, in respect of any period, the profits of the Group for that period before the deduction of Interest Paid and corporation tax on the income of the Group payable in respect of any financial year:
PBIT means, in relation to any period, the consolidated profit of the Group for that period before Taxation and Total Debt Costs for that period, but excluding:
Examples of PBIT in a sentence
The sharing formula becomes effective once Profit Before Interest and Taxes (P.B.I.T.) exceeds 8%.
Profit Before Interest and Taxes (P.B.I.T.) expressed as a percentage of sales for the fiscal year, is the basis used in the calculation.
All loss described above shall constitute Surety Loss for purposes of this Agreement and under the GAI.
The Employer will institute a Bonus Plan based on 90% of budgeted PBIT (Profit before interest and taxes) being achieved, which would result in a 1% lump sum payment to employees in the manner presented to the 2018 Negotiations Committee.
The Company must ensure that the PBIT Ratio is not, at the end of each Measurement Period, less than 1.5 to 1.
More Definitions of PBIT
PBIT means profit before interest, fair value change, taxation and exceptional items; “PDA” means project development agreement;
PBIT means consolidated profits on ordinary activities before interest payments and taxation of the Company and its Subsidiaries for the 1998 fiscal year, as shown on the audited financial statements of the Company and its Subsidiaries for such year. PBIT shall include profits from acquisitions with the exception of Diamondback, GT and other acquisitions of similar scope and size. PBIT excludes non-executive director's fees and expenses. Any bonus due the Executive shall be paid by the Company to the Executive within the earlier of (i) seven (7) days after the date on which the Company's auditors have both signed the Company's accounts and produced a certificate setting forth the amount of, and calculations for, any bonus payment due the Executive, or (ii) a later mutually agreed upon date .
PBIT means the consolidated profit of the Borrower and its Subsidiary Undertakings before taxation and interest paid and payable. Credit items of an extraordinary nature and credit items of an exceptional nature shall be excluded for the purpose of any relevant computation hereunder unless otherwise expressly agreed by the Bank.
PBIT means profit on ordinary activities before interest and tax of the Company calculated on the historical cost accounting basis and shown in the audited consolidated profit and loss account of the Group for the relevant financial year (to the nearest whole £1) but adjusted by adding back any amortisation of goodwill or other intangible assets and any depreciation charge in respect of the tangible assets of the Company and adding back any other non-cash related charge or expense of the Company.
PBIT means the consolidated profit of the Parent and its Subsidiary Undertakings before taxation and interest paid and payable. Credit items of an extraordinary nature and credit items of an exceptional nature shall be excluded for the purpose of any relevant computation hereunder unless otherwise expressly agreed by the Bank.
PBIT means, in respect of a period, the consolidated profit on ordinary activities of the Group for that period before interest and taxes (including (to the extent not already included and so long as the Parent holds 50 per cent. of the equity share capital of Zenith) that portion of the profit on ordinary activities before interest and taxes of Zenith which is attributable to the Parent's shareholding in Zenith but excluding profits or losses on disposals of Restricted Assets) as shown in the audited consolidated profit and loss account provided to the Agent under clause 12.1(e) (or, as the case may be, in the unaudited consolidated financial statements for the relevant Fiscal Half-Year provided to the Agent under clause 12.1(e)), provided however that new provisions in respect of surplus property shall be excluded;
PBIT shall be amended by (i) the deletion of the letters "PBIT" and the substitution therefor of with the letters "PBT" and (ii) the deletion of the words "and Interest" in the sixth and seventh lines of the definition;