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de Meleghy Jr Sample Clauses

de Meleghy Jr shall receive an annual bonus equal to 3% of the bonus-related profits (assessment basis). The assessment basis for the bonus shall be the annual net income shown in the consolidated financial statements of Dr. Meleghy GmbH & Co. KG Werkzeugbau and Presswerk, which shall be determined according to provisions under trade law, and shall be adjusted by certain allocations and deductions. The assessment basis for the bonus is calculated as follows: Annual net income according to the audited consolidated financial statements +/- profits/losses in connection with real property sales +/- profits/losses in connection with sales of interest +/- profits/losses relating to shares in silent and atypical silent partnerships, to the extent that they decreased/increased the consolidated result +/- corporation tax included as expenses/revenues in the annual net income +-/- material extraordinary expenses/revenues* +/-- trade tax changes due to corrections of the results - loss carry-forward after the correction according to the above calculation and to the extent that it was created after the creation of the bonus entitlement = bonus-related profit * These allocations and deductions need only be made in case the calculation of the bonus yields unreasonable results, as may be the case in the event of extraordinary depreciation or value adjustments due to preferential tax treatment provisions. In such events, the depreciation/value adjustments must be distributed over an appropriate period of time (life of the relevant goods).

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