Net Income Amount definition

Net Income Amount means the Company's annual net income before income taxes and "Monthly Salary" means Employee's monthly salary, before deductions. The Company will deduct from payments of Monthly Salary to Employee all federal, state and local income tax, FICA, FUTA, and other withholdings as required by law. For purposes of this Agreement, the Company's net income and gross sales shall be determined in accordance with generally accepted accounting principles in the United States, applied as a basis consistent with prior periods.

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Net Income Amount means, with respect to a Member for a Fiscal Year, the amount of net taxable income allocated to such Member for such Fiscal Year, reduced by the excess, if any, of (a) the aggregate amount of net taxable loss allocated to such Member for all prior Fiscal Years, over (b) the aggregate amount of net taxable income allocated to such Member for all prior Fiscal Years.

Net Income Amount has the meaning set forth in Schedule 2.05(b).

Examples of Net Income Amount in a sentence

• Such notice will, depending on which condition is relied upon in determining that a Trigger Event has occurred, set forth either (x) the Covered Life Insurance Subsidiaries’ Most Recent Weighted Average NAIC RBC Ratio or (y) the Trailing Four Quarters Consolidated Net Income Amount and the Adjusted Shareholders’ Equity Amount, as applicable, and the extent to which these amounts must increase in order for payments of interest from sources other than pursuant to Section 6.3 hereof to resume.

• Such notice shall, depending on which condition is relied upon in determining that a Trigger Event has occurred, set forth either (x) the Covered Insurance Subsidiaries' Risk-Based Capital Ratio or (y) the Trailing Four Quarters Consolidated Net Income Amount and the Adjusted Stockholders' Equity Amount, as applicable, and the extent to which these amounts must increase in order for payments of interest from sources other than the Alternative Payment Mechanism to resume.

• The Borrower will not declare or pay any dividend, purchase, redeem or otherwise acquire for value any of its stock now or hereafter outstanding, return any capital to its stockholders or make any distribution of its assets to its stockholders if an Event of Default has occurred and is continuing or would occur as a result of such distribution or to the extent such distribution plus any prior distributions after the Closing Date exceeds the Cumulative Net Income Amount.

• Such notice shall, depending on which condition is relied upon in determining that a Trigger Event has occurred, set forth either (x) the Covered Insurance Subsidiaries’ Risk-Based Capital Ratio or (y) the Trailing Four Quarters Consolidated Net Income Amount and the Adjusted Stockholders’ Equity Amount, as applicable, and the extent to which these amounts must increase in order for payments of interest from sources other than the Alternative Payment Mechanism to resume.

• For purposes of this Section 2.06(b), the Baxalta Parties may only deliver a Net Income Dispute Notice on the basis that the Baxter Parties’ calculation of the Aggregate Net Income Amount (or any component thereof): (1) was not in accordance with the principles set forth on Schedule 2.05(b); or (2) contains mathematical errors in its calculation.

• If the Purchaser disagrees with the Sellers' determination of the Net Asset Value, the Deduction Amount, the Tax Amount and/or the Net Income Amount reflected in the Draft Computations, the Purchaser shall notify ▇▇▇▇▇ ▇▇▇▇▇▇▇▇ (the "Current Owner Representative") in writing of such disagreement (such ---------------------------- notice setting forth the basis for such disagreement in reasonable detail) within thirty (30) days after the Sellers' delivery of the Draft Computations to the Purchaser.

• The Borrower shall not permit Consolidated Net Worth at any time to be less than $1,000,000,000 plus the Cumulative Net Income Amount.

• Following a Distribution, the Net Income Amount of Baxter Argentina S.A. or Baxter de Venezuela C.A., as applicable, for all calendar months since the date of the last Distribution shall each be included in the calculation of the next Aggregate Net Income Amount, up to a maximum amount equal to the applicable Distribution.

• Solely for purposes of the Partnership’s good faith determination of the estimated Initial Purchase Price and estimated Partnership Net Income Amount as set forth in the Initial Purchase Price Statement, the Net Income for the month immediately prior to Closing will be deemed to be the Net Income for the month of Closing.

• On the last day of each of the second, third and fourth fiscal quarters following the end of the previous full fiscal year of the Company, the Company shall pay Employee a cash bonus equal to one-third of the Net Income Amount for such full fiscal year multiplied by the Applicable Percentage; provided that no cash bonus shall be payable to Employee on any date unless Employee is employed by the Company on that date.

More Definitions of Net Income Amount

Net Income Amount means the Company's annual net income before income taxes. The Company will deduct from payments of Monthly Salary to Employee all federal, state and local income tax, FICA, FUTA, and other withholdings as required by law. For purposes of this Agreement, the Company's net income and gross sales shall be determined in accordance with generally accepted accounting principles in the United States, applied on a basis consistent with prior periods. CASH BONUS The Company has the option to issue a Cash Bonus to employee at Company's discretion As of the date hereof, the Company's Employee Stock Option Plan (the "Option Plan") provides for the Employee to earn, as of the last day of the First fiscal quarter of each fiscal year (the "Issuance Date") options for restricted common stock of the Company in an aggregate amount (the "Annual Amount") equal to (I) one percent (1%) of the Net Income Amount divided by the average closing price of such common during the last thirty days of the previous fiscal year (the "Stock Price"), on the following terms and conditions and the other terms and conditions as now are, and may in the future be, set forth as the Option Plan: The exercise price for the options issued shall equal seventy-five percent (75%) of the Stock Price. The options shall vest over a five year period, exercisable in an amount equal to up to twenty percent (20%) of the Annual Amount on each of the first five anniversaries of the Issuance Date. Employee understands that the above is a summary of key items in a proposed stock plan, the details of the Stock Option Plan will be provided to Employee upon the approval of the Board of Directors of the Company.

Net Income Amount means net income, plus depreciation, in each case determined in accordance with GAAP (as applied on a basis consistent with past practice and the preparation of the Audited Financial Statements), in substantially the manner set forth on Exhibit 2.9(b), with respect to the period beginning on July 1, 2010 and ending on the Effective Time, and without giving effect to the transactions contemplated hereby. “Net Merger Consideration Payment Schedule” is the schedule attached hereto as Exhibit 7.1(n).

Net Income Amount means, for each calendar month during the International Operations Transition Period, for each Baxter Local Entity: the sum of:

Net Income Amount means an amount equal to (i) .15 multiplied by ----------------- ------------- (ii) the consolidated net income of the Sellers between May 31, 1999 and the day immediately preceding the Closing Date, as determined in accordance with GAAP, applied on a basis consistent with that used in preparing the Latest Balance Sheet.