Gross Profit definition
Gross Profit means sales minus the cost of goods sold.
Gross Profit means gross receipts minus the amount actually expended for the payment of prize awards.
Gross Profit means as to any Performance Period the difference between gross revenue of the Company or any business unit and cost of goods sold of the Company or such business unit, in each case determined in accordance with GAAP.
Examples of Gross Profit in a sentence
For avoidance of doubt, if cumulative Gross Profit does not equal the Gross Profit Threshold during the Initial Earnout Period, then Buyer will not be obligated to pay to Seller any Earnout Payment (including the Initial Earnout Payment) under this Section 2.3 and all of Buyer’s obligations under this Section 2.3 will terminate in full.
As used in this Agreement, “Gross Profit” means gross profit determined in accordance with the methodology and principles set forth on Annex A and, for avoidance of doubt, will include Gross Profit (determined in accordance with the methodology and principles set forth on Annex A) arising under the PTH Processing Agreement.
More Definitions of Gross Profit
Gross Profit means the sum produced by adding to the “net profit” the amount of the Insured “standing charges”, or if there be no “net profit”, the amount of the Insured “standing charges” less such a proportion of any net trading loss as the amount of the Insured “standing charges” bears to all the “standing charges” of the business.
Gross Profit means the amount by which the sum of the Turnover and the amount of the closing stock and work in progress exceeds the sum of the opening stock and work in progress and the amount of the Uninsured Working Expenses.
Gross Profit has the meaning set forth in Section 3.2.
Gross Profit means, with respect to a fiscal year of the Company, the excess, if any, of (x) the sum of (i) the amount set forth in the Company's audited Consolidated Statements of Operations as set forth in the Company's annual report on Form 10-K (the "Income Statement") for such fiscal year with respect to the line item "Net income (loss)" plus (ii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax expense" less (iii) the amount, if any, set forth in the Company's Income Statement for such fiscal year with respect to the line item "Income tax expense (benefit)", to the extent that there is "Income tax (benefit)" plus (iv) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax expense included in any income or (loss) attributable to the discontinued operations and/or extraordinary items set forth in the Income Statement less (v) the amount(s), if any, set forth in the Company's Income Statement for such fiscal year relating to any income tax (benefit) included in any income or (loss) attributable to such discontinued operations and/or extraordinary items set forth in the Income Statement, over (y) the Excluded Amounts for such fiscal year.
Gross Profit the sum produced by adding to the “net profit" the amount of the “insured standing charges" or if there is no “net profit" the amount of the “insured standing charges" less such a proportion of any net trading loss as the amount of the “insured standing charges" bears to all standing charges of the business.
Gross Profit means the amount by which:
Gross Profit means the sum produced by adding the Net Profit the amount of all Standing Charges or if there be no Net Profit the amount of all standing charges less any net trading loss.