Pretax Earnings definition

Pretax Earnings means the Company’s earnings from continuing operations on a consolidated basis before deduction of income taxes as reported (or to be reported) in the Company’s financial statements, less pretax minority interest expenses, and excluding discontinued operations, extraordinary items and other non-recurring items, in each case as determined in accordance with generally accepted accounting principles or identified in the Company’s financial statements, notes to the financial statements, management’s discussion and analysis or other filings with the U.S. Securities and Exchange Commission.
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Pretax Earnings means, for any fiscal year of the Company, the amount reported as earnings from continuing operations before income taxes in the Company's consolidated statements of earnings included in its audited consolidated financial statements for such fiscal year (adjusted to exclude the effects of any unusual or non-recurring items that would not arise in the normal course of business, as determined by the Board).
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Pretax Earnings means the pretax earnings of the EMPLOYER in whatever form the businesses of EMPLOYER may be conducted (including, without limitation, as a subsidiary or subsidiaries, as a division or divisions, or as part of a subsidiary or division of any current or future parent of EMPLOYER, or any subsidiary or affiliate thereof (collectively, "Parent Company")], determined in accordance with generally accepted accounting principles, consistently applied, except that solely for the purpose of such definition (i) no deduction shall be made for federal, state or local income or excise taxes; (ii) no deduction shall be made for Parent Company head office or corporate charges, other than charges for specific necessary services supplied at fair market value; (iii) no deduction shall be made for amortization of goodwill; (iv) no deduction for interest on funds advanced by the Parent Company shall be made for any fiscal period, other than interest (at not greater than the then fair market rate) on funds advanced by the Parent Company at the request of EMPLOYEE for operating capital; (v) a net loss incurred for any fiscal period shall not be carried back to offset earnings for any prior fiscal period, but it shall be carried forward to offset pretax earnings for subsequent fiscal periods until such net loss is depleted; (vi) no deduction shall be made for management fees paid by EMPLOYER to the Parent Company, provided that this clause shall not be deemed to prevent the deduction of head office or corporate charges subject to the limitation specified in clause (ii); and (vii) no deduction shall be made for any dividend or redemption payments.
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Examples of Pretax Earnings in a sentence

  • Here, as in Allegheny Energy, Applicants propose an offer to sell a short-term product in lieu of actual divestiture.

  • Adjusted Pretax Earnings should not be considered an alternative to Earnings from Continuing Operations Before Income Taxes or any other performance measure derived in accordance with GAAP.

  • PRETAX EARNINGS AND ADJUSTED PRETAX EARNINGS SUMMARY FROM CONTINUING OPERATIONSNON-GAAP RECONCILIATION(In thousands)Adjusted Pretax Earnings excludes certain items included in GAAP based pretax earnings (loss) from continuing operations because they are distinctly different in their predictability among periods or not closely related to our operations.

  • The Committee shall designate, for each such Participant, the Award Opportunity such Participant may earn for such Performance Year and any conditions to the earning of such Award Opportunity or portions thereof (in addition to the requirement that Pretax Earnings be achieved in order to fund the Award Pool).

  • Determinations by the Committee under this Section 5, including Award Opportunities, the level of Pretax Earnings for the Performance Year and the resulting funding of the Award Pool, and the amount of any Award earned shall be recorded in writing.

  • Adjusted EBITDA from Continuing Operations is defined as EBITDA (Pretax Earnings (loss) from Continuing Operations Before Income Taxes minus Interest Income, plus Interest Expense and plus Depreciation and Amortization) excluding results from Severance & Retention Activities, unrealized gains or losses in derivative instruments, impairment charges for aircraft, goodwill & intangibles, and costs from termination of credit agreements.

  • The Plan shall not be amended, without shareholder approval, so as to increase the percentage of Pre-tax Earnings to be set aside in the Reserve each year or extend the period of time after which unawarded amounts are automatically released from the Reserve and returned to income.

  • Effective tax rate defined as (Adjusted Tax Expense / Adjusted Pretax Earnings) 2 End-of-year metrics.

  • If the Company does not achieve positive Pre-tax Earnings for any fiscal year, no Bonus Pool shall be established for such fiscal year.

  • Except as provided in Section 2(a)(ii), the Increase in Operating Pretax Earnings (“OPTE”) for the Performance Period is equal to the average of the percentage change in OPTE calculated for each Fiscal Year ending during the Performance Period.


More Definitions of Pretax Earnings

Pretax Earnings is defined as Net Revenues less Cost of Sales less Selling, General and Administrative Expenses (which include freight) less Nonrecurring Charges less Interest Expense plus/minus Other Income and Other Expense. Employee's Salary will accrue and be payable to Employee in accordance with the payroll practices of Employer in effect from time to time during the term of this Agreement.
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Pretax Earnings means pretax earnings of the Corporation after Bonuses for Corporate and Business Unit Performance, unless otherwise defined.
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Pretax Earnings means earnings before federal and state income taxes and before accrual of all bonuses under the Employment Agreements to be entered into by the Company as referred to in Section 6.1 of the Purchase Agreement. In computing Pretax Earnings, there shall be no deduction for allocation of corporate overhead of Champion Home Centers, Inc. ("CHC") or Champion and its affiliates and there shall be no effect given to amortization of goodwill relating to CHC's acquisition of the Common Stock. Pretax Earnings shall be determined by the internal accounting staff of Champion in accordance with GAAP (as hereinafter defined) from the books and records of the Company; provided, however, for the costs of acquisitions or establishment of retail lots by the Company after the date hereof, normal amortization shall be used for up to $150,000 per lot opening or acquisition costs, with any excess over that amount to be amortized over 5 years for purposes of this calculation, and, provided further, that capital provided by Champion or its affiliates for such acquisitions or establishment of retail lots shall be on an interest-free basis. The Pretax Earnings calculation for the 1998 Bonus Year shall be based on the time period from the date hereof to December 31, 1998. Any dispute between the parties regarding such determination shall be resolved by arbitration by an independent accounting firm mutually agreed upon, which arbitration shall be conducted as expeditiously as is reasonably possible. The determination of the arbitrator shall be binding and conclusive upon the matters determined thereby and may be entered as a judgment by the General Court of Justice, Superior Court Division for Guilford County, North Carolina. All costs and expenses relating to the services provided by the arbitrator shall be paid equally by the Executive and the Company.
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Pretax Earnings means income before provision for income taxes, as reflected on the Companies' statements of income prepared by the Companies independent certified public accountants in accordance with GAAP during such periods, but excluding therefrom any extraordinary income or expense items (determined in accordance with GAAP) and corporate overhead charges from Transworld and after deducting therefrom amounts paid or accrued with respect to any Base Salary paid to Executive. In addition, for purposes hereof, in the event that during any year of the Term, there is a special charge to the income of the Companies on account of adjustments made by third party payors with respect to periods prior to the date hereof, such charges shall also be deemed extraordinary items, and shall not affect the calculation of Pretax Earnings. In the event that during any year of the Term, there is a rate adjustment with respect to the Companies' third-party payor billing rates for periods prior to the date hereof which rates were preliminary at such time and have become final during the Term and such adjustments result in an increase in Pretax Earnings during the Term, then the amount of any such increases shall not be deemed an extraordinary item and shall be included in Pretax Earnings in the year in which such adjustment was added to the Companies' pretax income. Any bonus to which Executive shall be entitled shall be paid within 90 days following the calculation thereof. With respect to the first and second years of the Term, in the event that as a result of averaging the second and third years an increase or decrease is required to be made to any bonus paid for the first or second years, such increase or decrease shall be settled in the second or third years as the case may be.
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Pretax Earnings means the earnings of ProTrader for the relevant fiscal year determined prior to any deduction therefrom for corporate income taxes and otherwise in accordance with generally accepted accounting principals on the basis of the audited financial statements of ProTrader prepared for such fiscal year.
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Related to Pretax Earnings

  • 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.

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

  • total earnings means all of the dentist's gross earnings from the practice of dentistry by him in person, and "NHS earnings" means the dentist's gross earnings from the provision by him in person of general dental services under the National Health Service (Scotland) Act 1978, as amended, including where the dentist's name is included in sub-part A of the first part, or Part A prior to 2 July 2010, of two or more dental lists in Scotland, but neither his total earnings nor his NHS earnings shall be taken to include any remuneration by way of salary;

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • 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.

  • Core Earnings means the net income (loss), computed in accordance with GAAP, excluding (i) non-cash equity compensation expense, (ii) the Incentive Compensation, (iii) acquisition fees, (iv) financing fees, (v) depreciation and amortization, (vi) any unrealized gains or losses or other non-cash items that are included in net income for the applicable reporting period, regardless of whether such items are included in other comprehensive income or loss, or in net income, and (vii) one-time events pursuant to changes in GAAP and certain non-cash charges, in each case after discussions between the Manager and the Independent Directors and approved by a majority of the Independent Directors.

  • Weekly Earnings means, in the case of a day or shift worker, 40 hours x his regular rate;

  • Monthly Earnings means your gross monthly income from your Employer, not including shift differential, in effect just prior to your date of disability. 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.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.

  • net earnings means such earnings as are calculated in accordance with paragraph 42 or 52, as the case may be;

  • Excess Earnings means, with respect to Mortgage Loans held in any subaccount of the Acquisition Account or the Loan Recycling Account established in connection with a Series of Tax- exempt Bonds, the "excess earnings," as defined in Treasury Regulations § 1.148-10T, with respect thereto.

  • Earnings from Operations for any period means net earnings excluding gains and losses on sales of investments, extraordinary items and property valuation losses, as reflected in the financial statements of the Company and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.

  • Retained Earnings means the retained earnings of an FHLBank calculated pursuant to GAAP.

  • 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.

  • EBITA means for any period, operating profit (loss) plus (i) amortization, including goodwill impairment, (ii) amortization of non-cash distribution and marketing expense and non-cash compensation expense, (iii) restructuring charges, (iv) non-cash write-downs of assets or goodwill, (v) charges relating to disposal of lines of business, (vi) litigation settlement amounts and (vii) costs incurred for proposed and completed acquisitions.

  • Adjusted Net Earnings from Operations means, with respect to any fiscal period of Foamex, the net income of Foamex and its Subsidiaries after provision for income taxes for such fiscal period, as determined in accordance with GAAP on a consolidated basis (excluding the Joint Ventures and the China Joint Venture) and reported on the Financial Statements for such period, excluding any and all of the following included in such net income: (a) gain or loss arising from the sale of any capital assets; (b) gain (or loss) arising from any write-up (or write-down) in the book value of any asset; (c) earnings of any Person, substantially all the assets of which have been acquired by Foamex or any of its Subsidiaries in any manner, to the extent realized by such other Person prior to the date of acquisition; (d) earnings of any Person (other than Foamex Canada and the Mexican Subsidiaries and their respective Subsidiaries) in which Foamex or any of its Subsidiaries has an ownership interest unless (and only to the extent) such earnings shall actually have been received by Foamex or any of its Domestic Subsidiaries in the form of cash distributions; (e) earnings of any Person to which assets of Foamex or any of its Subsidiaries shall have been sold, transferred or disposed of, or into which Foamex or any of its Subsidiaries shall have been merged, or which has been a party with Foamex or any of its Subsidiaries to any consolidation or other form of reorganization, prior to the date of such transaction; (f) gain or loss arising from the acquisition of debt or equity securities of Foamex or any of its Subsidiaries or from cancellation or forgiveness of Debt; and (g) gain or loss arising from extraordinary items, as determined in accordance with GAAP.

  • Final Average Earnings means (a) divided by (b) as follows:

  • Payoff Earnings For any Distribution Date with respect to each Mortgage Loan on which a Payoff was received by the Master Servicer during the Payoff Period, the aggregate of the interest earned by the Master Servicer from investment of each such Payoff from the date of receipt of such Payoff until the Business Day immediately preceding the related Distribution Date (net of investment losses).

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Earnings Before Interest and Taxes means for any period the sum of (i) net income (or loss) of Borrowers on a Consolidated Basis for such period (excluding extraordinary gains and losses), plus (ii) all interest expense of Borrowers on a Consolidated Basis for such period, plus (iii) all charges against income of Borrowers on a Consolidated Basis for such period for federal, state and local taxes.

  • Disposable earnings means that part of the earnings of an

  • 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.

  • Cash Flow from Operations means net cash funds provided from operations, exclusive of Cash from Sales or Refinancing, of the Company or investment of any Company funds, without deduction for depreciation, but after deducting cash funds used to pay or establish a reserve for expenses, debt payments, capital improvements, and replacements and for such other items as the Board of Directors reasonably determines to be necessary or appropriate and subject to Loan Conditions.

  • Adjusted Net Earnings means net earnings (loss) attributable to common stockholders as reported in the Company’s periodic reports filed with the Securities and Exchange Commission, provided that such amount shall be adjusted by reversing the following, to the extent such adjustments were made in calculating such net earnings (loss) attributable to common stockholders:

  • Earnings Per Share means as to any Fiscal Year, the Company’s or a business unit’s Net Income, divided by a weighted average number of common shares outstanding and dilutive common equivalent shares deemed outstanding, determined in accordance with generally accepted accounting principles.

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel: