Examples of Actual Net Income in a sentence

Assume the following actual financial results for the fiscal year: (1) Actual Revenue: $28,000,000; (2) Actual EBITDA: $4,000,000; (3) Actual Free Cash Flow: $1,500,000; and (4) Actual Net Income: $5,000,000.
The actual amount funded to the Consolidated Company Financial Performance Pool shall be determined upon calculation of Actual Net Income after the end of the Plan Year, subject to any deletions or additions required pursuant to Section E hereof.
This determination will be based on a comparison of Midway's Actual Net Income versus Midway's Target Net Income for the Year.
The portion of the Plan funded based on the performance of the Company’s individual business units shall be referred to as the “Business Unit/Individual Performance Pool” for each business unit; provided, however, that for corporate staff, the funding of this portion of the Plan shall be based on Actual Net Income achievement.
For the purposes of establishing MHP's Actual Net Income, such before tax income shall include the before tax income of MHP and all of its subsidiary entities, and MHP shall not purchase or transfer ownership of a subsidiary entity or its assets for the purpose of avoiding all or any portion of the bonus payments required by this provision.

More Definitions of Actual Net Income

Actual Net Income means, in respect of any fiscal year or quarter, the consolidated net income of the Company for such fiscal year or quarter (as applicable), in accordance with GAAP based upon the Company’s financial statements for the relevant period.

Actual Net Income means, in respect of any fiscal year or quarter, the consolidated net income of the Group for such fiscal year or quarter (as applicable), after all charges and provisions for Taxes and minority interests and adjusted to exclude all Excluded Items, as audited (for fiscal years) or reviewed (for fiscal quarters) by the Auditor in accordance with US GAAP based upon the Company Audited Financial Statements for the relevant fiscal year or based upon the consolidated balance sheet, the consolidated statements of income and the consolidated statements of cash flow of the Company for the relevant quarter ended and as of the last day of such quarter (as the case may be).

Actual Net Income means the Net Income of the Company, or if the Performance Goal is limited to a Subsidiary or Division, the Net Income of such Subsidiary or Division, for the Performance Period.

Actual Net Income means the Net Income actually achieved by LSB for the Plan Year.

Actual Net Income means the actual net income of Purchaser before interest expenses, taxes and goodwill amortization expenses related to the transactions contemplated hereby and future acquisitions by Purchaser for each Earn Out Period, as calculated in accordance with GAAP applied in a manner consistent with TCP's past practices and as determined from Purchaser's internal accounting records; provided, however, that the following expenses during each Earn Out Period shall be subtracted from Purchaser's net income in order to calculate the Actual Net Income for such Earn Out Period: (i) any management bonuses paid by TCP to employees of Purchaser during such Earn Out Period which are required to be reported on TCP's consolidated financial statements prepared in accordance with GAAP; (ii) all actual out-of-pocket sales commissions and distribution fees paid by TCP in connection with the sale of Purchaser's products through TCP's distribution channel, which amounts shall not be deducted more than once from the calculation of Actual Net Income; and (iii) with respect to each Earn-Out-Period, an interest charge equal to (A) the highest rate of interest charged by TCP's primary lending institution on borrowings made by TCP under its revolving line of credit during each Earn Out Period; multiplied by

Actual Net Income means, with respect to either or both of the Companies, an amount equal to (i) the net gain from operations, calculated in the same manner as line 31, page 4 of each Company's 1995 Annual Statement, for the period from and including October 1, 1996 to and including the Closing Date, based on a closing of the books of the Company or the Companies, as the case may be, as of the close of business on the Closing Date and calculated in accordance with SAP on an after-tax basis, which, for this purpose, shall include any gain or loss on the transactions specified in Section 5.14, minus (ii) any payments made or required to be made by the Company or the Companies, as the case may be, in connection with Taxes attributable to the period from and including October 1, 1996 to and including the Closing Date, but only to the extent the Taxes to which such payments relate have not already been taken into account as a deduction in computing the amount described in clause (i) above, plus (or minus) (iii) that portion of net realized capital gains (or losses) calculated in the same manner as line 32, page 4 of each Company's 1995 Annual Statement that is attributable to the increase (or decrease) in market value of the Transferred Assets from October 1, 1996 to the Closing Date; provided, however, that the computation of Actual Net Income shall not take into account the excluded Taxes referred to in the second sentence of Section 10.1(c).