Pre-Tax Income definition

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 Income means the sum of the Adjusted Pre-Tax Income over the Performance Period for each period in which Adjusted Pre-Tax Income is measured pursuant to the above definition of Adjusted Pre-Tax Income.

Examples of Pre-Tax Income in a sentence

The determination of the Applicable Percentage, of the Net Pre-Tax Income and of the extent to which any Bonus under this Section 4 may be payable (the "Final Determination") shall be determined by the Board of Directors (or a subcommittee thereof appointed for such purpose) of the Corporation in accordance with the terms hereof based on the financial statements of the Corporation and the criteria set forth herein with respect to each fiscal year.

In order to provide performance-based incentive compensation to the Executive, the Corporation hereby agrees to pay the Executive, in addition to the Base Salary set forth in Section 3 hereof, a minimum cash bonus in respect of each fiscal year during the Executive's employment hereunder (the "Bonus") equal to the Applicable Percentage (as defined below) of the Net Pre-Tax Income (as defined below) of the Corporation.

Restructuring - - % Net Sales #DIV/0! #DIV/0! Restructuring & Other Expense - - Interest Expense - - Pre-Tax Income From Contin.

So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Company shall maintain, as of the end of each fiscal quarter, a ratio of (a) Pre-Tax Income from Continuing Operations for the four fiscal quarters then ended to (b) Consolidated Interest Expense for such four fiscal quarters of not less than 2.0 to 1.0.

For purposes hereof, the Applicable Percentage shall equal (a) 2.0% if the Net Pre-Tax Income of the Corporation is at least $500,000, but less than $1,500,000 (b) 2.25% if the Net Pre-Tax Income of the Corporation is at least $1,500,000 but less than $ 3,000,000 and (c) 2.5% if the Net Pre-Tax Income of the Corporation is at least $ 3,000,000.


More Definitions of Pre-Tax Income

Pre-Tax Income as a Percent of Sales" shall mean for Xcelecom, Inc., with respect to each fiscal year in the Performance Period, gross sales reduced by operating costs (plus extraordinary income or minority income less extraordinary costs) divided by total sales.
Pre-Tax Income means, for any Person for any period, Consolidated Net Income for such Person, without regard to income tax expense for such period.
Pre-Tax Income means the net income of the Corporation and all of its consolidated Subsidiaries (as that term is defined in the Merger Agreement), including, without limitation, TechStar, after deduction of all expenses paid or accrued for the appropriate Measuring Period in question in accordance with generally accepted accounting principles, but before application of or deduction for: (i) all interest on indebtedness aggregating $500,000 originally incurred by AUGI on December 11, 1996 and assumed by TechStar pursuant to the Merger Agreement, and (ii) all federal, state and local income taxes for such Measuring Period, all as determined by the independent auditors engaged to audit the consolidated financial statements of the Corporation, subject only to the right of the Employee (at his sole cost and expense) to engage his own accountant or financial advisor to review the calculations of such Pre-Tax Income for the applicable Measuring Period at the Employee's expense. Disputes shall be resolved in accordance with Section 10(f) of this Agreement.
Pre-Tax Income means income before income taxes, as publicly reported by the Company in its quarterly or annual financial statements, as applicable, prepared in accordance with generally accepted accounting principles. The financial statements shall mean the consolidated financial statements of the Company. At the end of the 2015 fiscal year, the Committee may use its sole discretion to adjust downward, in part or in whole, the Annual Performance Bonus based on performance of the Company, including the annual amount of Pre-Tax Income earned and performance of the participant. Provided that for the fiscal year ending September 30, 2015 no more than 0.6% of Pre-Tax Income for the year shall be paid to Mr. Horton, no more than 0.35% of Pre-Tax Income for the year shall be paid to Mr. Auld and no more than 0.1% of Pre-Tax Income for the year shall be paid to Mr. Murray.