Cash Earnings definition

Cash Earnings means the Company’s Net Profit for each Fiscal Quarter, (i) exclusive of any net income as so computed of the Company’s non-United States subsidiaries that has not been distributed by such subsidiaries to the Company or the Company’s United States subsidiaries, (ii) increased by depreciation, amortization, cost recovery allowances and other non-cash charges deducted in determining the Company’s Net Profit, and (iii) decreased by any income or franchise taxes (including without limitation withholding or branch profits taxes on distributions made or deemed made to the Company) imposed on the Company (as distinguished from income taxes imposed on the Members), to the extent not already deducted in computing Net Profit.

Cash Earnings means as of the end of any calendar month, Borrower's Consolidated net income for the twelve (12) consecutive calendar months then ended PLUS (i) nonrecurring losses for such calendar month, (ii) other non-cash charges taken into account in determining such net income and (iii) exploration expenses taken into account in determining such net income, but only to the extent that exploration expenses exceed $3,000,000, MINUS (iv) nonrecurring gains taken into account in determining such net income, and (v) any cash dividends that have been declared, accrued or paid (without duplication) on common or preferred stock during such twelve-month period.

Cash Earnings means the (i) base salary payable to a participant by the Company and/or Designated Subsidiary during such individual's period of participation in one or more Offering Periods under the Plan plus (ii) all overtime payments, bonuses, commissions, current profit-sharing distributions and other incentive-type payments. Such Cash Earnings shall be calculated before deduction of (A) any income or employment tax withholdings or (B) any pre-tax contributions made by the participant to any Code Section 401(k) salary deferral plan or any Code Section 125 cafeteria benefit program now or hereafter established by the Company or any corporate affiliate. However, Cash Earnings shall NOT include any contributions (other than Code Section 401(k) or Code Section 125 contributions) made on the participant's behalf by the Company or any corporate affiliate to any employee benefit or welfare plan now or hereafter established.

Examples of Cash Earnings in a sentence

• Other companies may calculate OIBDA and Cash Earnings differently than the Company, which may limit their usefulness as comparative measures.

• Such Cash Earnings shall be calculated before deduction of (A) any income or employment tax withholdings or (B) any pre-tax contributions made by the Participant to any Code Section 401(k) salary deferral plan or any Code Section 125 cafeteria benefit program now or hereafter established by the Corporation or any Corporate Affiliate.

• OIBDA and Cash Earnings are each financial metrics used by management (i) as a supplemental internal measure for planning and forecasting overall expectations and for evaluating actual results against such expectations; (ii) as a criteria for annual incentive bonuses paid to Company officers and other shore-based employees; and (iii) to compare to the OIBDA and Cash Earnings of other companies when evaluating potential acquisitions.

• In addition, the Company believes Cash Earnings is meaningful to investors because it assists in evaluating the Company’s results of operations and net cash generated by business activities across previous and subsequent accounting periods and to better understand the long-term performance of the Company.

• The Company defines Cash Earnings as OIBDA further adjusted to exclude the amortization of non-cash deferred gains and amounts attributable to its minority partner in SEA-Vista as well as the gain or loss associated with marking-to-market securities held for investment, accrued net cash expense associated with interest on debt obligations, and the Company’s estimate of cash taxes.

More Definitions of Cash Earnings

Cash Earnings in Section 1.1 of the Original Agreement is hereby amended in its entirety to read as follows:

Cash Earnings means as of the end of any Fiscal Quarter, Borrower's Consolidated net income for such Fiscal Quarter, minus nonrecurring gains and plus nonrecurring losses for such Fiscal Quarter, plus other non cash charges taken into account in determining such net income, minus any cash dividend that has been declared, has accrued or has been paid on common or preferred stock during such Fiscal Quarter (but in no event shall any such dividend be included more than once for purposes of this definition)."

Cash Earnings means at the date of determination for the applicable period an amount equal to:

Cash Earnings means, for any financial year, reported consolidated net income of the Company having reversed the impact of i) fair value adjustment of unrealised gains or losses on interest rate caps, ii) IPO related expenses, iii) share based payments, and (iv) taxes, but which, for the avoidance of doubt, has not been adjusted to take account of the amortisation of debt issuance costs;

Cash Earnings means as of the end of any Fiscal Quarter, Borrower's Consolidated net income for for the two consecutive Fiscal Quarters then ended plus Borrower's projected Consolidated net income for the immediately succeeding two Fiscal Quarters as set forth in the cash flow projections delivered to Agent and approved by Majority Lenders in accordance with Section 2.8(b) plus (i) nonrecurring losses taken into account in determining such net income and (ii) exploration expenses taken into account in determining such net income, but only to the extent that exploration expenses exceed $3,000,000, minus (iii) nonrecurring gains taken into account in determining such net income and (iv) any cash dividends that have been declared, accrued or paid (without duplication) on common or preferred stock during such Fiscal Quarter.

Cash Earnings means the Company's consolidated, unrestricted cash and cash equivalents at the end of the calendar year, minus

Cash Earnings means gross base salary (excluding overtime, commissions, bonuses or other special payments, except to the extent specifically included by the Committee) payable to the Participant by one or more Participating Companies during the individual's period of participation in the Plan.