Actual Net Income definition

Actual Net Income means, in respect of any fiscal year, the consolidated net income of Issuer and its Subsidiaries for such fiscal year as stated in the audited consolidated financial statements of Issuer and its Subsidiaries for such fiscal year, as audited by Issuer’s independent financial auditor (which shall be a “Big 4” accounting firm) in accordance with the Applicable GAAP, as set forth in the financial statements for such fiscal year required to be delivered by Section 6.2(a)(i), but excluding:

Actual Net Income means Midway's Net Income for the Year, as determined in the sole discretion of Management.

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.

Examples of Actual Net Income in a sentence

• 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.

• 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.

• If Actual Net Income equals Target Net Income, the Company Performance Percentage will be 100%.

• 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.

• This determination will be based on a comparison of Midway's Actual Net Income versus Midway's Target Net Income for the Year.

More Definitions of Actual Net Income

Actual Net Income means net income of the Corporation, calculated in accordance with GAAP for the relevant measuring 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, 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, for purposes of the various definitions contained herein and for purposes of the calculation set forth in Section 15.10, Net Income plus the amount deducted for Assumed Management Fees in calculating Net Income minus Actual Management Fees incurred during the relevant period.

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

Actual Net Income means the Company's annual net income for such fiscal year as set forth in its Annual Report on Form 10-K, as filed with the Securities and Exchange Commission.

Actual Net Income means Employer’s after tax net income as reported in its audited financial statements for the Fiscal Year to which the Annual Cash Incentive Award applies.