Pre-Closing PDP Pre-Tax Income definition

Pre-Closing PDP Pre-Tax Income means an amount equal to (i) the sum of all revenues earned by Seller from and with respect to the operations of the PDP Business during the Pre-Closing Period (including all CMS subsidies, Enrollee premiums and manufacturer rebates with respect to the Pre-Closing Period), minus (ii) the sum of all direct costs and expenses incurred by Seller in connection with the operations of the PDP Business during the Pre-Closing Period (including all drug, pharmacy and pharmacy benefit management costs and expenses arising from prescriptions dispensed during the Pre-Closing Period) and minus (iii) the sum of all (direct and indirect) selling, general and administrative expenses incurred by Seller in connection with the operations of the PDP Business during the Pre-Closing Period (including depreciation and amortization), and in all cases excluding income Taxes and capital expenditures. The amounts specified in clauses (i), (ii) and (iii) of the preceding sentence shall be calculated on an accrual basis in accordance with GAAP and consistent with the manner in which the Closing Statements are required to be prepared pursuant to Section 4.3(a).

Examples of Pre-Closing PDP Pre-Tax Income in a sentence

  • Notwithstanding anything in this Agreement to the contrary, Gross Margin Assets and Pass Through Net Assets shall not include any portion of an Advance CMS Payment, and no portion of an Advance CMS Payment shall be included in Pre-Closing PDP Pre-Tax Income.

Related to Pre-Closing PDP Pre-Tax Income

  • 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-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

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

  • Pre-Closing Tax Return has the meaning set forth in Section 7.01(a).

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • 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-Closing Straddle Period has the meaning set forth in Section 6.2(b).

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date and that portion of any Straddle Period ending on the Closing Date.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • 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.

  • Income Tax Expense means for Borrower and its Subsidiaries, on a consolidated basis for any period, all state and federal income taxes paid or due to be paid during such period.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Post-Closing Tax Period means any Tax period (or portion thereof) beginning after the Closing Date.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Pre-Closing Tax Returns has the meaning specified in Section 8.04(a).

  • Effective tax rate means the rate that will produce last year’s total tax levy (adjusted) from this year’s total taxable values (adjusted). “Adjusted” means lost values are not included in the calculation of last year’s taxes and new values are not included in this year’s taxable values.

  • Pre-Closing Tax Periods means any and all Tax periods that end on or before the Closing Date and the portion of any Straddle Period ending at the end of day on which the Closing occurs.

  • 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.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Tax Items shall have the meaning set forth in Section 6.4.A.

  • Net Economic Return shall have the meaning ascribed to such term in paragraph 2 of Exhibit E to the Lease.

  • Taxable Wage Base means, with respect to any Plan Year, the contribution and benefit base under Section 230 of the Social Security Act at the beginning of such Plan Year.

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Taxable value per membership pupil means each of the following divided by the district’s membership: