Pre-Bonus Pre-Tax Profits definition

Pre-Bonus Pre-Tax Profits means the amount, if any, determined in accordance with Generally Accepted Accounting Principles (“GAAP”) consistently applied from year to year, by which the total consolidated revenues of the FNGI for a particular Fiscal Year exceed all direct expenses incurred in generating such revenues and in the operation and conduct of the business during that Fiscal Year. Such expenses include, but are not limited to; (a) all salaries and non-bonus compensation paid to all employees of the Company, including the Executive, which includes related payroll taxes, insurance and other benefits, any profit-sharing contributions made on behalf of such employees, the cost of any stock options or other equity awards made to such employees and any amounts paid to such employees upon termination of employment; (b) rent (at the Company’s cost per square foot); (c) telephones; (d) quotation, pricing and portfolio management and client accounting systems; (e) computer hardware and software; (f) electronic and other office equipment; (g) sales commissions payable to Company sales personnel and third-parties; (h) consulting and solicitation fees; (i) business travel and entertainment determined in accordance with the Company’s policies; (j) legal and professional fees; and (k) membership dues and subscriptions
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Pre-Bonus Pre-Tax Profits means the amount, if any, determined in accordance with Generally Accepted Accounting Principles ("GAAP") consistently applied from year to year, by which the total revenues of the Small Cap Group for a particular calendar year exceed all direct expenses incurred in generating such revenues and in the operation and conduct of the Small Cap Group's business during that year. Such expenses include, but are not limited to: (a) all salaries and non-bonus compensation paid to all employees of the Small Cap Group (excluding salaries of sales personnel that are not part of the Small Cap Group), including Executive, which includes related payroll taxes, insurance and other benefits, any profit-sharing contributions made on behalf of such employees, the cost of any stock options or other equity awards made to such employees other than Restricted Shares awarded to Executive and any restricted shares awarded to the other Senior Portfolio Manager of the Small Cap Group, and any amounts paid to such employees upon termination of employment; (b) rent (at cost per square foot); (c) telephones; (d) quotation, pricing, portfolio management and client accounting systems; (e) computer hardware and software; (f) electronic and other office equipment; (g) sales commissions payable to Company sales personnel, (h) consulting and solicitation fees; (i) business travel and entertainment determined in accordance with the Company's practices; (j) legal and professional fees; and (k) membership dues and subscriptions.
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Pre-Bonus Pre-Tax Profits means the amount, if any, determined in accordance with Generally Accepted Accounting Principles ("GAAP") consistently applied from year to year, by which the total revenues of the Axe Core Group for a particular Fiscal Year exceed all direct expenses incurred in generating such revenues and in the operation and conduct of the Axe Core Group's business during that Fiscal Year. Such expenses include, but are not limited to: (a) all salaries and non-bonus compensation paid to all employees of the Axe Core Group, including Executive, which includes related payroll taxes, insurance and other benefits, any profit-sharing contributions made on behalf of such employees, the cost of any stock options or other equity awards made to such employees and any amounts paid to such employees upon termination of employment; (b) rent (at the Company's cost per square foot); (c) telephones; (d) quotation, pricing, portfolio management and client accounting systems; (e) computer hardware and software; (f) electronic and other office equipment; (g) sales commissions payable to Company sales personnel and third-parties, (h) consulting and solicitation fees; (i) business travel and entertainment determined in accordance with the Company's policies; (j) legal and professional fees; and (k) membership dues and subscriptions.
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Examples of Pre-Bonus Pre-Tax Profits in a sentence

  • The Bonus Pool for a particular Fiscal Year shall be equal to, 5% for the first year, 7.5% for the second Year and 10% for the third year, of the Pre-Bonus Pre-Tax Profits (as defined below), less the deductions specified in Section 3 (b)(1) below.

  • The Bonus Pool for a particular year shall equal thirty percent (30%) of the Pre-Bonus Pre-Tax Profits (as defined below), less the deductions specified in Section 3(B)(2) below.

  • The Bonus Pool for a particular Fiscal Year shall equal thirty percent (30%) of the Pre-Bonus Pre-Tax Profits (as defined below), less the deductions specified in Section 3(B)(2) below.

Related to Pre-Bonus Pre-Tax Profits

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Pre-Tax Contributions means, for any Participant, the aggregate of the Participant's Basic Pre-Tax Contributions and Supplemental Pre-Tax Contributions contributed to the applicable Pre-Tax Contribution Account.

  • Nonqualifying Income means any amount that is treated as gross income for purposes of Section 856 of the Code and which is not Qualifying Income.

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Accrued Bonus means the bonus, which may be negative or positive, which is calculated in the manner set forth in Section V.A.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Gross earnings means all monies earned by the Employee under the terms of this Collective Agreement.

  • Tax Incentive has the meaning set forth in Section 3.13(g).

  • Target Bonus shall have the meaning set forth in Section 4(b) hereof.

  • Floating Profit/Loss in a CFD shall mean current profit/loss on Open Positions calculated at the current Quotes (added any commissions or fees if applicable).

  • Bonus Payments means that portion of the bonus payments received by the

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award Agreement.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • taxation year means the calendar year to which an assessment roll applies for the purposes of taxation;

  • Earnable compensation means the full rate of the

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Qualifying Income Gross income that is described in Section 856(c)(2) or 856(c)(3) of the Code.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Tax Revenue means, with respect to the Project Area, (a) those tax revenues referred to (1) in the last sentence of the first paragraph of Article VIII, Section 12 of the Constitution of the State and (2) in Section 18-2147, Reissue Revised Statutes of Nebraska, as amended, and (b) all payments made in lieu thereof.