Cumulative EBIT definition

Cumulative EBIT means, with respect to any Performance Period, the cumulative earnings before interest and taxes of the Combined Divisions for such Performance Period (including, without limitation, expenses for this Plan and any other similar or dissimilar compensation arrangement). Such amount will exclude all interest and provisions for taxes based on income and without giving effect to any extraordinary gains or losses, or gains or losses from sales of assets other than inventory sold in the ordinary course of business, all as determined in accordance with generally accepted accounting principles and as included in the audited financial statements of the Company and its consolidated subsidiaries for such Performance Period; and

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Cumulative EBIT has the meaning set forth in Section 2.2(b)(ii).

Cumulative EBIT means the Company's EBIT from the period of the Closing Date until the third anniversary of the Closing Date.

Examples of Cumulative EBIT in a sentence

• Cumulative EBIT thresholds shown on the Schedule shall not be adjusted in the event of an acquisition.

• Cumulative EBIT Margin % shall mean the Earnings Before Interest and Income Taxes expressed as a percent of Net Sales for the Performance Cycle.

• Section 6.1 (a) of the Loan Agreement (Minimum Cumulative EBIT) is amended by deleting the reference to "($1,600,000.00)" under the column labeled "Minimum EBIT" and replacing it with "($4,150,000)" such that Minimum EBIT for Q-3 2001 shall be ($4,150,000).

• Borrowers will not permit the ratio of (a) Cumulative EBIT for the four fiscal quarters ending on December 31, 1996 (including the fiscal quarter ending on such date) to (b) interest expense for such period payable on account of Borrowers' Total Liabilities to be less than 0.65:1.00.

• ARAMARK HOLDINGS CORPORATION By: Name: Title: OPTIONEE [NAME] Schedule 1 EBIT Targets (in millions) Year Annual EBIT Target Cumulative EBIT Target 2008 $ 764.4 $ 1,469.4 2009 $ 821.7 $ 2,291.1 2010 $ 887.4 $ 3,178.5 2011 $ 952.6 $ 4131.1 EBIT shall mean for any Fiscal Year, net income increased by (i) net interest expense and (ii) the provision for income taxes; all determined in accordance with U.S. generally accepted accounting principles (GAAP) consistently applied on a consolidated basis.

More Definitions of Cumulative EBIT

Cumulative EBIT means, with respect to any Performance Period, the cumulative earnings before interest and taxes of Ball Packaging Europe for such Performance Period (including, without limitation, expenses for this Plan and any other similar or dissimilar compensation arrangement). Such amount will exclude all interest and provisions for taxes based on income and without giving effect to any extraordinary gains or losses, or gains or losses from sales of assets other than inventory sold in the ordinary course of business, all as determined in accordance with generally accepted accounting principles and as included in the audited financial statements of the Company and its consolidated subsidiaries for such Performance Period; and

Cumulative EBIT means, with respect to any Performance Period, the cumulative revenues of the Corporation's Metal Beverage Container operations for such Performance Period minus the cumulative expenses of the Corporation's Metal Beverage Container operations for such Performance Period (including, without limitation, expenses for this Agreement and any other similar or dissimilar compensation arrangement), excluding interest expense and provisions for taxes based on income and without giving effect to any extraordinary gains or losses, or gains or losses from sales of assets other than inventory sold in the ordinary course of business, all as determined in accordance with generally accepted accounting principles and as included in the audited financial statements of the Corporation and its consolidated subsidiaries for such Performance Period.

Cumulative EBIT means, since May 1, 2002, the aggregate of the consolidated net income of (1) Diamond Cable and its Subsidiaries;

Cumulative EBIT means, for the previous fiscal period or periods, Operating Cash Flow minus depreciation and amortization for such period or periods.