Income before Taxes for any Year means the consolidated income before taxes of the Company, as reported in the financial statements of the Company for the Year.
Income before Taxes means that amount as reported in the Company's annual report to shareholders.
Income before Taxes means, as calculated for any period on a consolidated basis for the Borrower and its Subsidiaries, the income from continuing operations before taxes for such period taken as a single accounting period and determined in accordance with GAAP.
Examples of Income before Taxes in a sentence
In any year the bonus Pool is the product of 10% and Income before Taxes.
The STAR+PLUS Experience Rebate is calculated in accordance with the tiered rebate method set forth below based on the consolidated Net Income before Taxes for all of the HMO’s STAR+PLUS Service Areas included within the scope of the Contract, as measured by any positive amount on the Financial-Statistical Report (FSR) as reviewed and confirmed by HHSC.
At the end of each Rate Period beginning with Rate Period 1, the HMO must pay an Experience Rebate to HHSC for the STAR+PLUS Program if the HMO’s Net Income before Taxes is greater than the percentage set forth below of the total Revenue for the period in STAR+PLUS.
The "Income before Taxes" amount to be used in calculating the Base Bonus will include a reasonable estimate of the executive bonuses to be paid for the quarter.
Income before Taxes (EBT) result from subtracting non-operating expense from operating income.
More Definitions of Income before Taxes
Income before Taxes means the income before taxes of THC and its consolidated subsidiaries for FY 05, as reported in THC’s audited financial statements, provided that there shall be excluded from the calculation of Income Before Taxes (x) except to the extent reflected in the Budgeted Amount of Income Before Taxes, the cumulative effect of changes in accounting principles, and charges for impairment of goodwill and other intangible assets that were reflected in such audited financial statements as of the Effective Date, (y) the effect of acquisitions and divestitures that were not contemplated in the Budgeted Amount of Net Income Before Taxes, and (z) the effect of items specifically identified on the face of THC’s audited income statement as “special items” that were not contemplated in the Budgeted Amount of Net Income Before Taxes (including any benefits resulting from such special items); (ii) the “Net Revenue” means the net revenue of THC and its consolidated subsidiaries for FY 05, as reported in THC’s audited financial statements; and (iii) the “Budgeted Amount” of Income Before Taxes or of Net Revenue shall mean the budgeted amount of Income Before Taxes or of Net Revenue, as applicable, for FY 05 (calculated on a basis consistent with the calculations used for THC’s audited financial statements), as approved by the THC Board (after consultation with Executive) before the beginning of FY 05, subject to amendment by the THC Board (after consultation with Executive) within the period of 90 days after the beginning of the fiscal year.
Income before Taxes with respect to any period of Borrower shall mean the amount shown on the line item denominated “Income before provision (benefit) for income taxes”, shown on Borrower’s financial statements for such period, prepared in accordance with GAAP, i.e., the consolidated pre tax net income of Borrower for such period.
Income before Taxes means Webster’s net income for a Fiscal Year or one or more fiscal quarters, before (i) provision
Income before Taxes means the profit from business operations (gross profit less operating expenses) before deduction of interest and taxes, including elements of OID applied to the Elanco scorecard, based on actual foreign currency rates, and excluding such items as may be adjusted by the Committee in accordance with Section 3.4 below.
Income before Taxes means income (or deficit) before provision for income taxes (excluding (i) extraordinary gains and losses and (ii) to the extent not already deducted, income attributable to minority interests in subsidiaries for such period). INDEBTEDNESS of any Person means all of its indebtedness, obligations, and liabilities, including without limitation (a) all indebtedness for borrowed money or for the deferred purchase price of property or services or that is evidenced by a bond, debenture, note, or other instrument, (b) all obligations in respect of any Guaranty, (c) all obligations in respect of any Capital Lease, (d) all obligations in respect of letters of credit, acceptances, or similar obligations issued or created for its account, (e) every obligation secured -- or for which the holder of the obligation is contingently or otherwise entitled to be secured -- by any Lien on that Person's property whether that Person is personally liable or assumes that obligation, and (f) all liabilities for unfunded vested benefits under any Employee Plan.
Income before Taxes means Webster’s net income for a Fiscal Year or one or more fiscal quarters, before (i) provision for taxes on income, (ii) merger and acquisition expenses and (iii) awards under the Plan, as determined and reported to the Committee by Webster’s independent accountants.
Income before Taxes means that amount which is equal to ------------------- the increase in the income before taxes of the Seller, for the period beginning December 1, 1996 and ending on the Closing Date. For purposes of such calculation, the income before taxes of the Seller as of December 1, 1996 are agreed to be $1,850,212.47, as set forth on Seller's income statement for the period from July 1, 1996 to November 30, 1996 (the "Income Statement"). For ---------------- purposes of the calculation of Income Before Taxes, such income is calculated without regard to federal, state or local income taxes. The Income Before Taxes shall be jointly determined by the respective accountants for Seller and Purchasers using the same methods employed by Seller's accountants in determining the income before taxes shown on the Income Statement. If the respective accountants for Seller and Purchasers cannot agree on the Income Before Taxes, they shall together select a third accounting firm to render a binding determination, the costs of which third firm shall be shared equally by Seller and Purchasers.