Gross Profit Dollars definition

Gross Profit Dollars means as to any Fiscal Quarter or Fiscal Year, the Company’s or a business unit’s revenue less cost of goods sold, determined in accordance with generally accepted accounting principles.

Gross Profit Dollars means gross Sales net of returns and customary allowances less the actual (specifically identifiable) product cost (the "Costs") determined in accordance with generally accepted accounting principles whether or not consistent with IDP's past accounting practices. For the purpose of calculating the Earn-Out Payment, separate books and records shall be maintained by WMT with respect to the Sales and Costs. Such books and records shall be maintained in accordance with WMT's company-wide accounting principles and generally accepted accounting principles whether or not consistent with IDP's past accounting practices. Bynder and Xxxxxxx will be entitled to reasonable rights to audit the Earn-Out Payment. Upon receipt of the Calculation from WMT, Bynder and Xxxxxxx shall have ten (10) business days in which to request in writing that WMT deliver within thirty (30) business days of such request the books and records, and back up invoices and schedules, to Bynder and Xxxxxxx or their accountants to confirm the calculation. If, within ten (10) business days, Bynder and Xxxxxxx do not request such books and records or if within ten (10) business days after receipt of such books and records Bynder and Xxxxxxx do not object to such Calculation, WMT shall deliver instructions to its transfer agent to issue and deliver to Bynder and Xxxxxxx the Shares of WMT Common as soon as reasonably practicable. If Bynder and Xxxxxxx request such books and records and within ten (10) business days after receipt of such books and records, Bynder and Xxxxxxx object in writing to WMT of the Calculation, WMT, Bynder and Xxxxxxx shall work together in good faith to see if they can reach an agreement on the appropriate Earn-Out Payment. If within fourteen (14) days the parties have not reached an agreement, the parties shall choose a nationally recognized accounting firm mutually agreed upon by WMT, Bynder and Xxxxxxx who shall calculate the amount, or if no such agreement can be reached, then each of WMT, Bynder and Xxxxxxx shall appoint one nationally recognized accounting firm, which accounting firms shall pick an additional nationally recognized accounting firm to which such disputes shall be referred. In the event that either WMT, Bynder or Xxxxxxx shall fail to select a nationally recognized firm in accordance with the provisions of this subsection within thirty (30) days after notice by the other party that such selection should be made, and such other party has selected a nationall...

Gross Profit Dollars means the revenue from GPS hardware, software, airtime, engineering, development, installation and support less cost of goods sold for GPS hardware, software, airtime, engineering, development (as they relate to customer changes and additions), installation, sales commissions and support ("Gross Profit Dollars"). The eligible Gross Profit Dollars used in the calculating the Earn Out Shares would be reduced by the following percentages in each year following the Closing: Year 1 47.50%; Year 2 22.50%; Year 3 10.00%. Purchaser shall calculate the Gross Profit Dollars within forty-five (45) days of the close of each calendar quarter. Gross Profit Dollars shall be calculated in accordance with generally accepted accounting principles applied upon a consistent basis and the final accounting information relied upon in preparing the quarterly or annual financial statements of Purchaser shall be determinative for the purposes of this Agreement. The payment of the Earn Out Shares shall be made, if at all, within three (3) years of the Closing and shall be allocated as follows: 95% to Seller shareholders; 5% to AppsCafe; provided, however, the participation of AppsCafe is contingent upon the continued consulting or employment of Txxxxx and Dxxxxxx either through AppsCafe or directly with Purchaser or DLGI on no less than a half-time basis.

Examples of Gross Profit Dollars in a sentence

• Mr. Steele says that he ―understood that his Gross Profit Margin and Gross Profit Dollars were determined by subtracting from the prices products were sold to his customers the costs of those products to OfficeMax.‖ Steele RPSMF ¶ 53.

• He goes on to say that he ―learned of specific instances where the ‗costs‘ of the products listed in OfficeMax‘s computer system were different than the cost figures he learned from OfficeMax‘s vendors.‖ Id. Mr. Steele says that OfficeMax never―disclosed to Steele that his Gross Profit Margins and Gross Profit Dollars were calculated using ‗costs‘ which were greatly inflated – thus driving down Steele‘s Gross Profit Margins and Gross Profit Dollars.‖ Id. at ¶ 54.

• The Company’s Gross Profit Dollars from ADS Operations shall be calculated as a percentage of the Company’s Gross Profit Dollars from ADS target of $[**] million (the “Actual ADS Percentage”).

• The $250,000 is calculated by taking the $250,000 of Star Gross Profit Dollars achieved in the second year in excess of the $3.50 million threshold and adding it to the first year Star Gross Profit Dollars, which results in Star Gross Profit Dollars of $3.50 million for the first year and an Earn-Out Payment of $750,000 (i.e. $250,000 more than was actually paid).

• If the Star Gross Profit Dollars for the second year are $3.75 million, the second Earn-Out Payment would equal $1,000,000 (i.e., $750,000 for achieving the $3.50 million threshold in the second year plus $250,000 as a cumulative make up payment).

• All costs and expenses of the first such accounting firm and of the second such accounting firm shall be paid (A) by the Stockholders if the final determination of Gross Profit Dollars is less than $24,000,000, and (B) by the Purchaser if the final determination of Gross Profit Dollars is $24,000,000 or more.

• For example, if the Star Gross Profit Dollars are $3.25 million during the first year, the first Earn-Out Payment would equal $500,000.

• Sales were off budget by 35%, GP$ [Gross Profit Dollars] off by 45%, and GP% [Gross Profit Percentage] off by 2.8 points.

• While Gross Profit Dollars measures profitability after material, direct labor are subtracted from gross revenue, it excludes brand licensing fees, vehicle and fuel expenses, and any other operating expenses.

• The 2011 Participation Payment shall be reduced by an amount equal to the reduction of 2011 Gross Profit Dollars caused by Lost Sales; provided, however, that: (i) there shall be no reduction if the 2011 Gross Profit Dollars equals or exceeds $36,700,000 (the “2011 Gross Profit Dollar Base”); and (ii) the amount of any such reduction shall in no event exceed an amount equal to the 2011 Gross Profit Dollar Base less the amount of the 2011 Gross Profit Dollars.

More Definitions of Gross Profit Dollars

Gross Profit Dollars means revenues from the sales of the current and future products and services of the Acquired Companies, regardless of which sales channel or entity of the Company, the Purchaser, the Parent or their Affiliates such products and services are sold through, minus the associated cost of sales of such products and services. All revenues and costs shall be calculated in accordance with U.S. GAAP applied on a basis consistent with past practice and the Management Plan.

Gross Profit Dollars means Net Sales less Cost of Sales;

Gross Profit Dollars from the ADS Operations shall mean revenue from the ADS Operations in fiscal year 2009 less cost of goods sold attributable to the ADS Operations in fiscal year 2009. In the case of revenues, such amounts shall be calculated based on revenue generated by ADS services. In the case of cost of goods sold, such amounts shall be based on a reasonable allocation of cost of goods sold to operations associated with the ADS Operations as determined by Akamai’s Finance organization and reported to the Compensation Committee of the Board of Directors.

Gross Profit Dollars for purposes of this Award shall mean consolidated gross profit dollars calculated by taking net sales in dollars and subtracting cost of goods sold in dollars during any year, as determined using generally accepted accounting principles applicable to the United States and as set forth in consolidated annual financial statements of the Company, properly prepared and finalized.