Annual Profit definition

Annual Profit in first paragraph means the current year pre-tax profit (excluding other benefits or losses, such as the put option right, the call option rights, the conversion rights and the redeem of overseas convertible bonds) before the deduction of the staff remuneration and director remuneration.
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Annual Profit means the net income of the Company before interest expense, interest income, gain (loss) on sale of equipment, gain (loss) on investment, gain on sale of land, depreciation, amortization, taxes on income, extraordinary items, and the expense attributable to the grant of the Award, all as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company’s certified Financial Statements to the extent shown or reflected on such Financial Statements. For this purpose, extraordinary items are those of a non-recurring and unusual nature, or resulting from unforeseen and atypical events, as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company’s certified Financial Statements as certified by the Accounting Firm to the extent shown or reflected on such Financial Statements.
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Annual Profit in the preceding paragraph means the year's pre-tax benefits before deducting the distribution of employees' remuneration and directors and supervisors' remuneration.
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Examples of Annual Profit in a sentence

  • These Individual Goals may be either quantitative or qualitative and should be consistent with the Company or Subsidiary, Strategic, Annual Profit Plan or Operations Goals for the Plan Year.

  • Each Participant will be assigned a Target Incentive as determined by management to be commensurate with the responsibility and impact of their position on the Strategic, Annual Profit Plan, and Operations Goals of the Company.

  • If a Participant is not employed by an Employer as of the last day of a Plan Year other than by reason of his or her Retirement, Disability or death, the Annual Profit Sharing Amount for such Plan Year shall be zero.

  • In the event of Retirement, Disability or death, a Participant shall be credited with the Annual Profit Sharing Amount for the Plan Year in which he or she dies.

  • Employee will be eligible to participate in the Employer's Annual Profit Sharing program as approved by the Company's Board of Directors in amounts equal to other officers of the Company.

  • A Participant's Target Bonus amount under Part A of the Annual Incentive Plan shall be increased or decreased based on the level of achievement of FNB's Annual Profit Plan.

  • The Employer's Annual Profit Sharing Contribution for each Plan Year (beginning with the June 1, 1992 Plan Year) shall be seventy-five percent (75%) in cash and twenty-five percent (25%) in the form of NSC Stock, except as otherwise determined by the Committee in its sole discretion.

  • Both parties to this Agreement will maintain and enforce safety and physical security procedures with respect to its access and maintenance of Confidential Information (in electronic and paper format) that are in accordance with reasonable policies in these regards, and provide reasonably appropriate safeguards against accidental or unlawful destruction, loss, alteration or unauthorized disclosure or access of Confidential Information under this Agreement.

  • Any Annual Profit Sharing Contribution shall be communicated to eligible Participants within 90 days following the close of the applicable Plan Year, with such contribution to be made as soon as administratively practicable on or after the date of such communication, but in no event later than the time prescribed by law for filing the federal income tax return of the Company for the applicable Plan Year, including any extension which has been granted for the filing of such tax return.

  • When a Participant becomes vested in a portion of his or her Annual Profit Sharing Account, the Employer shall withhold from the Participant’s Annual Base Salary and/or Bonus that is not deferred, in a manner determined by the Employer, the Participant’s share of FICA and other employment taxes on such vested portions of his or her Annual Profit Sharing Account.


More Definitions of Annual Profit

Annual Profit shall be the annual amounts listed on Exhibit A-1 which have been calculated to yield a projected [***]% financial internal rate of return on registered capital over the joint venture term of Seller.
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Annual Profit shall have the meaning ascribed thereto in Attachment X.
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Annual Profit means, in relation to any Accounting Period, the taxable profits of the Issuer for that Accounting Period (disregarding for this purpose interest on the PPNs for that Accounting Period (as computed in accordance with Section 2.14(a) and excluding all amounts in respect of the Nominal Profit Amount payable during that Accounting Period and after taking account of any losses from a previous Accounting Period) as computed under Irish taxation principles applicable to the Issuer.
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Annual Profit means, with respect to each fiscal year, the gross profit of the Company calculated on a cash basis during such period.] / [“Annual Revenue” means, with respect to each fiscal year, the gross revenue of the Company calculated on a cash basis during such period.]
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Annual Profit means the "net income or loss" of the Company for each Determination Year after provision for state and federal and state income taxes. For the purposes of determining Annual Profit (A) the Company shall be considered an independent entity, which files separate and not consolidated income tax returns for each Determination Year; (B) the "net income or loss" of the Company shall be reduced by (1) the total amount of interest accrued for each Determination Year under that certain line of credit note, a copy of which is attached hereto as Exhibit 1, with an aggregate borrowing limit of $200,000 established by the Bank on the date of this Agreement for the benefit of the Company, whether paid or unpaid, to the extent not already taken into account in calculating such "net income or loss," and (2) any payments made by the Bank to the Company for services rendered or products sold to the Bank by the Company, which are not fees for the providing of mortgage broker services by the Company; and (C) the "net income or loss" of the Company shall be net of all expenses, including commissions and all costs of sales. [Reference Column 2 on Schedule A].
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Related to Annual Profit

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

  • Annual Net Sales means, with respect to any Calendar Year, the aggregate amount of the Net Sales for such Calendar Year.

  • Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.

  • Total Profit means the aggregate amount (before taxes) of the following: (i) the amount received by Grantee pursuant to Issuer's repurchase of the Option (or any portion thereof) pursuant to Section 7, (ii) (x) the amount received by Grantee pursuant to Issuer's repurchase of Option Shares pursuant to Section 7, less (y) the Grantee's purchase price for such Option Shares, (iii) (x) the net cash amounts received by Grantee pursuant to the sale of Option Shares (or any other securities into which such Option Shares are converted or exchanged) to any unaffiliated party, less (y) the Grantee's purchase price of such Option Shares, (iv) any amounts received by Grantee on the transfer of the Option (or any portion thereof) to any unaffiliated party, and (v) any amount equivalent to the foregoing with respect to the Substitute Option.

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

  • Non-Profit means a qualified non-profit entity as defined in Section 42(h)(5)(C), subsection 501(c)(3) or 501(c)(4) of the IRC and organized under Chapter 617, F.S., if a Florida Corporation, or organized under similar state law if organized in a jurisdiction other than Florida, to provide housing and other services on a not-for-profit basis, which owns at least 51 percent of the ownership interest in the Development held by the general partner or managing member entity, which shall receive at least 25 percent of the Developer fee, and which entity is acceptable to federal and state agencies and financial institutions as a Sponsor for affordable housing, as further described in Rule 67-48.0075, F.A.C.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • 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.

  • Net Sales Revenue shall have the meaning as set out in Schedule "A"

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Annual Revenue means the Company’s or a business unit’s net sales for the Fiscal Year, determined in accordance with generally accepted accounting principles; provided, however, that prior to the Fiscal Year, the Committee shall determine whether any significant item(s) shall be excluded or included from the calculation of Annual Revenue with respect to one or more Participants.

  • Gross Profits means the gross profits calculated under section 4;

  • Program Year means the annual period beginning January 1 and ending December 31.

  • Sales Year means the calendar year during which the Company sold Cigarettes in a Beneficiary State requiring the deposit of QEF Principal.

  • Rate of Gross Profit means the gross profit earned expressed as a percentage of the turnover during the period between the date of the commencement of the business and the date of the incident.

  • Supplier Profit means, in relation to a period, the difference between the total Charges (in nominal cash flow terms but excluding any Deductions (as defined in Call Off Schedule 1 (Definitions)) and total Costs (in nominal cash flow terms) in respect of any Call Off Agreements for the relevant period;

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Core Earnings means, with respect to any Person for any period, net income determined in accordance with GAAP of such Person and its consolidated subsidiaries and excluding (but only to the extent included in determining net income for such period) (i) non-cash equity compensation expense, (ii) the expenses incurred in connection with the formation of the Sponsor and the offering in connection therewith, including the initial underwriting discounts and commissions, (iii) acquisition costs from successful acquisitions (other than acquisitions made in the ordinary course of business), (iv) real property depreciation and amortization, (v) any unrealized gains or losses or other similar non-cash items that are included in net income for the current quarter, regardless of whether such items are included in other comprehensive income or loss, (vi) extraordinary or non-recurring gains or losses and (vii) one-time expenses, charges or gains relating to changes in GAAP; provided that Core Earnings shall, solely with respect to the Core Earnings attributable to any Non Wholly-Owned Consolidated Affiliate, only include the Consolidated Group Pro Rata Share of such attributable amount.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Sales Revenue means receipts from the sale, lease, or rental of goods, services, or property;

  • DRS/Profile means the system for the uncertificated registration of ownership of securities pursuant to which ownership of ADSs is maintained on the books of the Depositary without the issuance of a physical certificate and transfer instructions may be given to allow for the automated transfer of ownership between the books of DTC and the Depositary. Ownership of ADSs held in DRS/Profile is evidenced by periodic statements issued by the Depositary to the Holders entitled thereto.

  • EBIT means earnings before interest and taxes.

  • Annual Projections is defined in Section 6.2(a).

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Annual Work Plan means any of the Annual Work Plans.