For Fiscal Year 2002 ( Sample Clauses

For Fiscal Year 2002 (. FY 2002"), the Employee shall be eligible to receive a Bonus of up to $225,000. (a) Maximum Bonus for FY 2002 will be determined based on the following EPS levels: FY 2002 Diluted EPS Goal Maximum Bonus ------------------------ ------------- < $.-- $0 $.-- $------- $.-- $------- $.-- $------- $.-- $[maximum] (1) [25]% of the Maximum Bonus will be awarded based on the achievement of the EPS level; (2) [50]% of the Maximum Bonus will be awarded based on the following Quantitative Factors: [FACTORS TO COME] (3) [25]% of the Maximum Bonus will be discretionary, based on Qualitative Factors determined by the [EXECUTIVE OFFICER TO WHOM EMPLOYEE REPORTS]. (b) Cumulative effects of changes in accounting methods, stock option charges and other items approved for exclusion by the Compensation Committee shall be excluded from diluted earnings per share for purposes of this calculation. Diluted earnings per share shall be calculated by the Company's Chief Financial Officer and shall be binding on all Employees absent manifest error. (c) If earnings per share fall between the levels identified above, the Maximum Bonus will be prorated so that the Maximum Bonus is equal to (a) the Maximum Bonus awarded at the lower level, plus (b) the product of (1) the excess of the Maximum Bonus awarded at the higher level over the Maximum Bonus awarded at the lower level, and (2) the quotient of (i) the excess of the diluted earnings per share over the lower earnings per share level, and (ii) the excess of the higher earnings per share level over the lower earnings per share level.
Sample 1
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Related to For Fiscal Year 2002 (

  • End of Fiscal Years; Fiscal Quarters The Borrower will cause (i) its and each of its Domestic Subsidiaries’ fiscal years to end on December 31 of each calendar year and (ii) its and each of its Domestic Subsidiaries’ fiscal quarters to end on March 31, June 30, September 30 and December 31 of each calendar year.

  • Fiscal Year End Change, or permit any Subsidiary of any Borrower to change, its fiscal year end.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Financial Statements; Fiscal Year The Current Financials were prepared in accordance with GAAP and present fairly, in all material respects, the consolidated financial condition, results of operations, and cash flows of the Companies as of, and for the portion of the fiscal year ending on the date or dates thereof (subject only to normal audit adjustments). All material liabilities of the Companies as of the date or dates of the Current Financials are reflected therein or in the notes thereto. Except for transactions directly related to, or specifically contemplated by, the Loan Documents or disclosed in the Current Financials, no subsequent material adverse changes have occurred in the consolidated financial condition of the Companies from that shown in the Current Financials. The fiscal year of each Company ends on December 31.

  • Fiscal Year The fiscal year of the Partnership shall be the calendar year.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

  • End of Fiscal Years The Parent and the Borrower will maintain their fiscal year ends as in effect on the Effective Date.

  • Accounting and Fiscal Year Subject to Code Section 448, the books of the Partnership shall be kept on such method of accounting for tax and financial reporting purposes as may be determined by the General Partner. The fiscal year of the Partnership shall end on December 31 of each year, or on such other date permitted under the Code as the General Partner shall determine.

  • Quarterly Financial Statements As soon as available and in any event within 5 days after the date on which such financial statements are required to be filed with the SEC (after giving effect to any permitted extensions) with respect to each of the first three quarterly accounting periods in each fiscal year of the Borrower (or, if such financial statements are not required to be filed with the SEC, on or before the date that is 45 days after the end of each such quarterly accounting period), the consolidated balance sheets of the Borrower and the Subsidiaries and, if different, the Borrower and the Restricted Subsidiaries, in each case as at the end of such quarterly period and the related consolidated statements of operations for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and the related consolidated statement of cash flows for such quarterly accounting period and for the elapsed portion of the fiscal year ended with the last day of such quarterly period, and setting forth comparative consolidated figures for the related periods in the prior fiscal year or, in the case of such consolidated balance sheet, for the last day of the prior fiscal year (or, in lieu of such unaudited financial statements of the Borrower and the Restricted Subsidiaries, a detailed reconciliation reflecting such financial information for the Borrower and the Restricted Subsidiaries, on the one hand, and the Borrower and the Subsidiaries, on the other hand), all of which shall be certified by an Authorized Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, stockholders’ equity and cash flows of the Borrower and its Subsidiaries in accordance with GAAP, subject to changes resulting from audit and normal year end audit adjustments.

  • Fiscal Year; Taxable Year The fiscal year and the taxable year of the Company is the calendar year.

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