Annual Profit definition
Annual Profit in first paragraph means the current year pre-tax profit (excluding other benefits or losses, such as the put option right, the call option rights, the conversion rights and the redeem of overseas convertible bonds) before the deduction of the staff remuneration and director remuneration.
Annual Profit in the preceding paragraph means the year's pre-tax benefits before deducting the distribution of employees' remuneration and directors and supervisors' remuneration.
Annual Profit shall be the annual amounts listed on Exhibit A-1 which have been calculated to yield a projected [***] % financial internal rate of return on registered capital over the joint venture term of Seller.
More Definitions of Annual Profit
Annual Profit means the net income of the Company before interest expense, interest income, gain (loss) on sale of equipment, gain (loss) on investment, gain on sale of land, depreciation, amortization, taxes on income, extraordinary items, and the expense attributable to the grant of the
Annual Profit means the net income of the Company before interest expense, interest income, gain (loss) on sale of equipment, gain (loss) on investment, gain on sale of land, depreciation, amortization, taxes on income, extraordinary items, and the expense attributable to the grant of the Award, all as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company’s certified financial statements to the extent shown or reflected on such financial statements. For this purpose, extraordinary items are those of a non-recurring and unusual nature, or resulting from unforeseen and atypical events, as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company’s certified financial statements as prepared by the Accounting Firm to the extent shown or reflected on such financial statements.
Annual Profit shall have the meaning ascribed thereto in Attachment X.
Annual Profit means, in relation to any Accounting Period, the taxable profits of the Issuer for that Accounting Period (disregarding for this purpose interest on the PPNs for that Accounting Period (as computed in accordance with Section 2.14(a) and excluding all amounts in respect of the Nominal Profit Amount payable during that Accounting Period and after taking account of any losses from a previous Accounting Period) as computed under Irish taxation principles applicable to the Issuer.
Annual Profit means, with respect to each fiscal year, the gross profit of the Company calculated on a cash basis during such period.] / [“Annual Revenue” means, with respect to each fiscal year, the gross revenue of the Company calculated on a cash basis during such period.]
Annual Profit means the "net income or loss" of the Company for each Determination Year after provision for state and federal and state income taxes. For the purposes of determining Annual Profit (A) the Company shall be considered an independent entity, which files separate and not consolidated income tax returns for each Determination Year; (B) the "net income or loss" of the Company shall be reduced by (1) the total amount of interest accrued for each Determination Year under that certain line of credit note, a copy of which is attached hereto as Exhibit 1, with an aggregate borrowing limit of $200,000 established by the Bank on the date of this Agreement for the benefit of the Company, whether paid or unpaid, to the extent not already taken into account in calculating such "net income or loss," and (2) any payments made by the Bank to the Company for services rendered or products sold to the Bank by the Company, which are not fees for the providing of mortgage broker services by the Company; and (C) the "net income or loss" of the Company shall be net of all expenses, including commissions and all costs of sales. [Reference Column 2 on Schedule A].