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 Earnings means net earnings (or losses), before taxes, computed in accordance with GAAP.
Pre-Tax Earnings shall be measured in accordance with Generally Accepted Accounting Principles (“GAAP”) as in effect on the Grant Date. For purposes of determining the achievement of the performance targets set forth above, “Pre-Tax Earnings” shall exclude the following: non-cash interest and one-time charges resulting from the termination or modification of interest rate swaps; losses related to the acceleration of amortization of deferred debt issue costs; and gains or losses resulting from other onetime events as determined by the board of directors of SCT Chassis.
Examples of Pre-Tax Earnings in a sentence
CGI will use its best efforts to ensure that CGI's independent public accountants deliver the Certified Aggregate Earnout Period Pre-Tax Earnings of the Personals Plus Surviving Corporation no later than 60 days after the end of the Earnout Period.
Payouts under this program will cease when the financial threshold under the Plan (a 5% Pre-Tax Earnings Margin for American) is achieved.
Under the proposed performance formula, each covered officer may be entitled each year to a maximum award equal to 1% (one percent) of Merrill Lynch's Pre-Tax Earnings (as defined below).
Using Check The Box 2011-2012 35Table 2.2. Cost Sharing Payments and Pre-Tax Earnings of Apple Sales International (Ireland) 47Table 2.3. Cost Sharing Payments and Pre-Tax Earnings of Apple Inc.
For purposes of calculating the Aggregate Earnout Period Pre-Tax Earnings of the Personals Plus Surviving Corporation, all compensation paid to Paul, Anne Levengood and Dan Jordon by any Affiliate of CGI shall be treated as a compensation expense of the Personals Plus Surviving Corporation.
More Definitions of Pre-Tax Earnings
Pre-Tax Earnings means the sum of the Adjusted Pre-Tax Earnings over the Performance Period for each period in which Adjusted Pre-Tax Earnings is measured pursuant to the above definition of Adjusted Pre-Tax Earnings.
Pre-Tax Earnings has the meaning set forth in Section 2.3(b).
Pre-Tax Earnings means the amount calculated in good faith by the Company for the applicable twelve month period in the same manner as “Income (loss) before provision for (benefit from) income taxes” is calculated and reported by Holdings in its publicly reported financials for the “Consumer” and “Insurance” segments.
Pre-Tax Earnings means earnings of the Company determined prior to payment or deduction of federal or state income taxes, determined in accordance with generally accepted accounting principles, consistently applied; and
Pre-Tax Earnings means Merrill Lynch's Pre-Tax Earnings as reported in its consolidated financial statements adjusted to eliminate: (1) the cumulative effect of changes in accounting policy (which include changes in generally accepted accounting principles) adopted by Merrill Lynch, for the relevant performance year; (2) expenses classified as "Provisions for Restructuring"; (3) expenses related to "Goodwill Amortization"; (4) gains and/or losses classified as "Discontinued Operations"; and (5) gains or losses classified as "Extraordinary Items", which may include: (A) profits or losses on disposal of assets or segments of the previously separate companies of a business combination within two years of the date of such combination; (B) gains on restructuring payables; (C) gains or losses on the extinguishment of debt; (D) gains or losses from the expropriation of property; (E) gains or losses that are the direct result of a major casualty; (F) losses resulting from a newly enacted law or regulation; and (G) other expenses or losses that are unusual in nature or infrequent in occurrence.
Pre-Tax Earnings means, with respect to any entity for any period, the income (or loss) from operations before income taxes (if any) of such entity for such period plus any non-cash charges (such as, without limitation, depreciation and amortization) plus any extraordinary or non-recurring expenses incurred during such period related to the disposition of any Business or the revaluation of intangibles.
Pre-Tax Earnings means the Company’s earnings before income taxes, as determined in accordance with generally accepted accounting principles, consistently applied with the Company's past practices, and as reflected in the Company's audited financial statements for the relevant fiscal year. If the Company does not achieve positive Pre-tax Earnings for any fiscal year, no Bonus Pool shall be established for such fiscal year. The Bonus Pool shall be allocated among Employee and such other officers of the Company as are recommended by Employee and approved by the Board. The Board of Directors, in its sole discretion, shall determine the allocation of Bonus Pool funds among the eligible participants; provided, however, that the entire balance of the Bonus Pool shall be allocated each year. The portion of the Bonus Pool payable to Employee with respect to any fiscal year (net of any tax or other amount properly withheld therefrom) shall be paid by the Company within 2½ months days after the end of the Company’s fiscal year. The amount payable pursuant to this Section 2.2 for any fiscal year during which the Term expires or this Agreement is terminated shall be prorated and payable only with respect to the portion of the fiscal year during which Employee was employed by the Company. No amount shall be payable pursuant to this Section 2.2 with respect to any fiscal year during which Employee’s employment is terminated by the Company for Cause, or by Employee as a result of his voluntary resignation.