Calculation of EBIT. EBIT shall be calculated using only the revenue, costs, and expenses that are generated from, or incurred on behalf of and for the direct benefit of the Jefferson Island Facility, as described in the example calculation set forth in Exhibit “C” to this Agreement, and shall be calculated in accordance with accounting principles generally accepted in the United States at the time the calculations are performed, including the authoritative pronouncements of the Financial Accounting Standards Board current as of the period for which such calculation is being performed, including Statements of Standards, Concept Statements, Interpretations, technical Bulletins, and FASB Staff Positions. In the event such standards by the FASB are discontinued, EBIT shall be calculated in accordance with guidelines of substantially equivalent authority. To the extent that any goods or services are provided by affiliates of Jefferson Island, the costs of which are to be included in the calculation of EBIT, such goods or services shall be provided on fees and rates comparable to fees and rates for similar goods and services provided by nonaffiliated third parties. To the extent that any goods or services are provided to affiliates of Jefferson Island, the revenues of which are to be included in the calculation of EBIT, such goods or services shall be provided on fees and rates comparable to fees and rates for similar goods and services provided to nonaffiliated third parties.
Calculation of EBIT. For purposes of determining whether the Surviving Corporation has achieved the EBIT targets referenced in Section 6.5 above, the following shall apply:
Calculation of EBIT. For purposes of this Section 3.1(d), the term "EBIT" is defined as income from operations from all sales before interest and income taxes, subject, however, to the following deductions:
Calculation of EBIT. For the purposes of this Section 2.14, the "EBIT" of the Sun Division shall mean the net income, before extraordinary items (as defined in accordance with GAAP) of income, gain, loss and expense and before all income taxes and other taxes now or hereafter in effect that are assessed on income (including Texas franchise taxes to the extent that such taxes are assessed on income) and interest expense and finance charges (including bank financing costs, the interest portion of capital leases, bank commitment fees, amortization of loan origination costs, factoring interest charges and other financing costs and expenses) of the Sun Division, computed in accordance with Sun Accounting Principles, except that the following provisions shall govern the computation of the EBIT of the Sun Division for purposes of this Section 2.14: (i) Those nonrecurring items of income, gain, loss or expense of the Sun Division listed on Section 2.14(b) of the Disclosure Schedule shall be excluded from such computation. The parties hereto agree that, with respect to the amortization of the costs of moving certain of the Sun Division's operations to Mexico, the parties shall negotiate in good faith to determine a reasonable period of time over which to amortize such costs, taking into account the benefits to be derived from the move to Mexico and the period of time over which such benefits will accrue, and adhering to the following general principles: (i) all capital items will be amortized over their normal useful lives in accordance with Sun Accounting Principles and (ii) all expense items, including severance charges, will be amortized over three years. (ii) Any purchase accounting adjustments arising out of the transactions contemplated hereby, shall be excluded from the computation. (iii) To the extent that the Sun Division incurs losses, charges or expenses for which the Shareholders (other than the Rothxxxx Xxxily Trust and Grosxxxx) xxke indemnification payments to Jonex xxxsuant to Section 11.2, the amount of such indemnification payments (to the extent actually paid and not included in the computation) shall be added back to EBIT for the period in which such payments were charged. (c)
Calculation of EBIT. The definition of “EBIT” in Appendix A to the Group Parent Guaranty shall be amended by as follows:
Calculation of EBIT. The calculation of the MMA Business' EBIT for the Contingent Payment Period shall include revenue received from qualified and non-qualified pension and existing flexible spending account administration services but shall not include revenue received from COBRA administration services or other services not performed by Company as of the date hereof but offered by Buyer or any of its subsidiaries or affiliates. Except as expressly provided herein, the calculation of EBIT shall be made in accordance with generally accepted accounting principles applied on a consistent basis, subject to the following adjustments:
Calculation of EBIT. For the purposes of this Section 2.6, the "EBIT" of the Victoria Division shall mean the net income, before extraordinary items (as defined in accordance with GAAP) of income, gain, loss and expense and before all income taxes and other taxes now or hereafter in effect that are assessed on or measured in whole or in part by income (including Rhode Island franchise taxes to the extent that such taxes are assessed on or measured in whole or in part by income) and before interest expense and finance charges (including bank financing costs, the interest portion of capital leases, bank commitment fees, amortization of loan origination costs, factoring interest charges, prepayment charges or penalties and other financing costs and expenses) of the Victoria Division, computed in accordance with Victoria Accounting Principles, except that any purchase accounting adjustments arising out of the transactions contemplated hereby and any transaction costs in connection with the negotiation and consummation of the transactions contemplated hereby shall be excluded from the computation. The following provisions shall govern the computation of EBIT of the Victoria Division for purposes of this Section 2.6:
Calculation of EBIT. The calculation of Company's EBIT for any period shall include revenue received from pension administration services provided by Company but shall not include revenue received from COBRA administration services or other services not performed by Company as of the date hereof but offered by Buyer or any of its subsidiaries or affiliates. Except as expressly provided herein, the calculation of EBIT for any period shall be made in accordance with generally accepted accounting principles applied on a consistent basis, subject to the following adjustments:
Calculation of EBIT. For the purposes of this Agreement, the Company's EBIT for a fiscal year shall mean the Company's net income plus the Company's provision and other expenses for federal and state income taxes and interest expense, less any interest income, determined in accordance with GAAP, attributable solely to the business of the Company for a particular fiscal year. For the purpose of calculating the Company's EBIT for a fiscal year, the Buyer shall charge the Company up to $150,000 for corporate overhead of the Buyer properly allocable to the Company as determined by the Buyer (which shall include the Company's allocation for corporate administration and accounting, legal and other expenses related to the Company's status as a reporting company under the Exchange Act).
Calculation of EBIT. The calculation of the MidAtlantic Business' EBIT for the Contingent Payment Period shall include revenue received from pension administration services but shall not include revenue received from COBRA administration services or other services not performed by Company as of the date hereof but offered by Buyer or any of its subsidiaries or affiliates. Except as expressly provided herein, the calculation of EBIT shall be made in accordance with generally accepted accounting principles applied on a consistent basis, subject to the following adjustments:
