Cumulative Net Income means, in respect of any Performance Period, the aggregate cumulative amount of the Adjusted Net Income for the calendar or other fiscal years of the Company during such Performance Period.
Cumulative Net Income means Community Trust Bancorp, Inc.’s cumulative net income for the three (3) years ending December 31, 2020, computed in accordance with generally accepted accounting principles, and giving effect to the accrual for payment of all incentive compensation.
Cumulative Net Income means, as of any date of determination, the greater of (1) zero and (2) 50% multiplied by the cumulative Borrower Group Adjusted Net Income for the period (taken as one accounting period) from December 31, 2019 to the end of the Company’s most recently ended Fiscal Quarter for which internal financial statements are available as of such date of determination.
Examples of Cumulative Net Income in a sentence
The organisation exploiting the Paget's Association Funded IP will be entitled to receive a percentage of Net Income received as follows (“Technology Transfer Fee”): Cumulative Net Income Technology Transfer Fee £0 to £100,000 30% £100,001 to £500,000 25% Greater than £500,000 20% “Direct Costs” are all costs reasonably incurred by such organisation exclusively attributable to the exploitation of the Paget's Association Funded IP, including patent fees and professional costs.
More Definitions of Cumulative Net Income
Cumulative Net Income means the Company’s aggregate net income as reflected in its Form 10-Ks for the three years included in the Performance Period, adjusted to exclude: restructuring charges; and one-time, non-operating related events, including, but not limited to, goodwill or intangible impairments, losses on the sale of assets, asset impairments, related to lawsuits, or related to the bankruptcy of a client that owes the Company money for services performed.
Cumulative Net Income means the excess of (i) the Net Income (other than Net Income of the Company allocated pursuant to Section 6.2.1(a)(i) and (ii)) previously allocated to the Members, over (ii) the Net Loss previously allocated to the Members. 1.31
Cumulative Net Income of any person shall mean, as of any date, the net income (after deduction for income and other taxes of such person determined by reference to income or profits of such person) for the period commencing on the specified date through the end of the most recently completed fiscal year of such person (but without reduction for any net loss incurred for any fiscal year during such period), taken as one accounting period, all as determined in accordance with generally accepted accounting principles.
Cumulative Net Income means, with respect to Borrower, the sum of Borrower’s net income, determined in accordance with GAAP, for each completed Fiscal Quarter after the date from which such calculation is being made; provided that if Borrower’s net income is negative for any such Fiscal Quarter, for the purpose of making the above-described computation, Borrower’s net income shall be deemed to be zero for that Fiscal Quarter.
Cumulative Net Income means the targeted entity’s net income as determined using the method of accounting regularly used by the targeted entity in preparing its financial statements, or if no financial statements are prepared, the net book income computed for federal income tax purposes, for every year an ownership interest in the entity is held by the trust. The trust’s pro rata share shall be the cumulative net income multiplied by the percentage ownership of the trust.
Cumulative Net Income means, at any time, an amount equal to the net income of the Borrower and its Subsidiaries (determined on a consolidated basis in accordance with GAAP) during the period commencing on January 1, 2002 and ending on the last day of the then most recently ended fiscal quarter.
Cumulative Net Income of any person shall mean, as of any date, the net income (after deduction for income and other taxes of such person determined by reference to income or profits of such person) for the period commencing on the specified date through the end of the most recently completed fiscal quarter of such person (but without reduction for any net loss incurred for any completed fiscal year during such period), taken as one accounting period, all as determined in accordance with Generally Accepted Accounting Principles.