Net Operating Income. Net Operating Income" shall mean the dollar amount of net after tax operating income for a calendar year for Mercantile-Safe Deposit and Trust Company, as reported to the Board and as may be adjusted by the Committee in its discretion.
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Samples: Option Agreement (Mercantile Bankshares Corp), Option Agreement (Mercantile Bankshares Corp), Option Agreement (Mercantile Bankshares Corp)
Net Operating Income. Net Operating Income" shall mean the dollar amount of net after tax operating income for a calendar year for Mercantile-Safe Deposit and Trust Company, as reported to the Board and as may be adjusted by the Committee in its discretion.
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Net Operating Income. Net Operating Income" shall mean --------------------------------- the dollar amount of net after tax operating income for a calendar year for Mercantile-Safe Deposit and Trust Company, as reported to the Board and as may be adjusted by the Committee in its discretion.
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Net Operating Income. Net Operating Income" shall mean the --------------------------------- dollar amount of net after tax operating income for a calendar year for Mercantile-Safe Deposit and Trust Company, as reported to the Board and as may be adjusted by the Committee in its discretion.
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