Pretax Income means the Company’s or a business unit’s income before taxes, determined in accordance with generally accepted accounting principles.
Pretax Income means for each Fiscal Year the net income of the Company before federal and state taxes determined in accordance with generally accepted accounting principles consistently applied and as approved by the independent public accountants who have examined the financial accounts and records of the Company for such Fiscal Year; provided, however, that such Pretax Income determination shall be adjusted to include the effect of the amount of any Bonus paid or to be paid to a Participant pursuant to the Plan.
Pretax Income with respect to Liggxxx, xxans for a specified year, the "Income before Income Taxes" as determined in accordance with generally accepted accounting principles ("GAAP") of Liggxxx xxx its most recent fiscal year, as report in filings to the United States Securities and Exchange Commission or, if there is no such filing, as reported by Liggxxx'x xxxependent outside auditors. If GAAP changes in any material respect during the term of this Agreement so that the benefits anticipated by the parties (in light of GAAP applicable on the date of this Agreement), an appropriate adjustment shall be made to the formulas and calculations hereunder to achieve the parties' expectations as of the date hereof.
Examples of Pretax Income in a sentence
See "Reconciliation of Adjusted Net Income, Adjusted Pre-tax Income, and Adjusted Operating Income to GAAP Net Income" table below for more details.
Represents taxes on Adjusted Pretax Income, considering both current and deferred income tax effects for the current ownership structure.
Pre-tax Income asa % of Revenues(b) Graduated Experience Rebate Sharing Method.
This adjustment adds back to GAAP Pretax Income the amount the Company has agreed to pay Blackstone related to the net realized cash benefit from certain compensation-related tax deductions.
Derived utilizing a combined statutory rate of 34% and 25% for the three months ended March 31, 2021 and 2020, respectively, applied to the respective Adjusted Pre-tax Income (Loss).
More Definitions of Pretax Income
Pretax Income means earnings of the Corporation before tax and after Bonuses for Corporate and Business Unit performance, unless otherwise defined.
Pretax Income means, on any date of determination, Consolidated Net Income, plus federal, state or other income taxes provisions recorded by the Company and its Subsidiaries, during the four fiscal quarters then preceding, taken on a consolidated basis.
Pretax Income shall be the net income shown on Badger's books determined in accordance with generally accepted accounting principles and practices utilized by Badger's independent public accountant or, such other firm of independent public accountants as may be determined from time to time. Pretax income shall be calculated before payment of federal and state income taxes and before allowance for the bonus payment calculated pursuant to this Agreement.
Pretax Income means, for any Fiscal Year, the income of the Company and its consolidated subsidiaries from continuing operations determined in accordance with generally accepted accounting principles from time to time in effect ("GAAP") before provisions for income taxes and Employee's Bonus pursuant to this Section 3.2. Pretax Income shall be adjusted to exclude gains or losses from the sale or distribution of assets not in the Company's ordinary course of business and gains or losses from transactions accounted for as extraordinary events in accordance with GAAP.
Pretax Income with respect to Liggett, means for a specified year, the "Income before Income Taxes" as determined in accordance with generally accepted accounting principles ("GAAP") of Liggett for its most recent fiscal year, as reported in filings to the United States Securities and Exchange Commission or, if there is no such filing, as reported by Liggett's independent outside auditors. If GAAP changes in any material respect during the term of this Agreement so that the benefits anticipated by the parties (in light of GAAP applicable on the date of this Agreement), an appropriate adjustment shall be made to the formulas and calculations hereunder to achieve the parties' expectations as of the date hereof.
Pretax Income. , with respect to Liggett, means for a specified year, the "Income before Income Taxes" of Liggett for its most recent fiscal year, as reported in filings to the United States Securities and Exchange Commission or, if there is no such filing, as reported by Liggett's independent outside auditors.
Pretax Income means all sales and other sources normally determined to be revenues of the Company or Swiss Sub less all Expenses of the Company and of Swiss Sub, including without limitation all compensation expenses of the Company Shareholders. Any local, state, federal and foreign income taxes incurred by the Company or Swiss Sub shall not be subtracted from revenues for purposes of calculating Pretax Income.