Pre-Tax Earnings definition

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

Such statement shall provide such computations and set forth such detail as is reasonably necessary to substantiate the calculation of Pre-Tax Earnings and the amount of the Bonus payable with respect to such year.

For each complete calendar year ending during the term hereof, the Executive shall be entitled to a cash bonus (the "Bonus") equal to 4.342% of the cumulative earnings before taxes ("Pre-Tax Earnings") (as defined below) of the Employer during each complete calendar year hereof.

However, the amount of the Base Incentive Compensation in a fiscal year shall be reduced, if necessary, so that the Corporation’s Pre-Tax Earnings, after reduction for the Base Incentive Compensation, shall not be less than four percent (4%) of the Corporation’s Total Revenue for that fiscal year.

Non-GAAP Reconciliation Statement * Adjusted Pre-Tax Earnings from Continuing Operations, Adjusted EBITDA from Continuing Operations, Debt Obligations/Adjusted EBITDA Ratio and Adjusted Net Leverage Ratio are non-GAAP financial measures and should not be considered alternatives to net income or any other performance measure derived in accordance with GAAP.

If the Corporation has Total Revenue of $300,000,000 and Pre-Tax Earnings (before calculation of Maier’s Incentive Compensation) of $16,000,000 in a fiscal year, Maier would earn both Base and Incremental Incentive Compensation since Pre-Tax Earnings exceeded 5% of Total Revenue.


More Definitions of 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 “Insurancesegments.
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 the 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, that the entire balance of the Bonus Pool shall be allocated each year. The portion of the Bonus Pool payable to the Employee with respect to any fiscal year (net of any tax or other amount properly withheld therefrom) shall be paid by the Company within ninety (90) days after the end of the 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 the 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 the Executive's employment is terminated by the Company for Cause, or by the Employee as a result of his voluntarily resignation.
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. It is understood by the Parties that the total issuance (regarding this $4,000,000 milestone described above) is capped at a total of an option for 75,000 shares;
Pre-Tax Earnings means audited earnings before income taxes as reflected on the Audited Closing Income Statement, provided, that in determining Pre-Tax Earnings for purposes of the Audited Closing Income Statement, Ernst & Young, LLP may make any adjustments that such accountants deem necessary or appropriate in order to state the Audited Closing Income Statement in accordance with GAAP.
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.