Net Operating Profit means operating income before interest and taxes (including net income and/or royalties received from interest in any unconsolidated joint ventures but excluding restructuring costs, integration costs, acquisition or divestiture related costs, write-downs of goodwill and impairment charges) less (i) net interest expense and (ii) provisions for tax;
Net Operating Profit means with respect to a given fiscal year, the adjusted net income of any and all of the members of the Oaktree Operating Group, determined in a manner consistent with the manner in which adjusted net income was determined in the OCG 2018 10-K, as further adjusted by (i) subtracting compensation expense with respect to the vesting of units granted after May 25, 2007 but before the OCG Class A Units were listed on the New York Stock Exchange, (ii) subtracting Oaktree Operating Group income taxes, (iii) subtracting amounts attributable to cash distributions paid on OCG’s issued and outstanding preferred units listed on the New York Stock Exchange; (iv) adding back 50% of the compensation expense recognized with respect to the vesting of units granted after May 25, 2007 under OCG’s equity incentive plans, (v) adding back 50% of the compensation expense recognized with respect to the vesting of awards under the Oaktree Group’s long term incentive plans, (vi) excluding incentive income (net of incentive income compensation expense) and phantom equity expense, (vii) excluding Net Investment Income, and (viii) excluding compensation expense relating to individuals entitled to payments in respect of Net Operating Profit and Net Investment Income.
Net Operating Profit means Gross Revenue and income derived from gaming and entertainment machines located at the Pub, before payment of interest, tax, the Base Fee and amortisation, less Operating Expenses and property related Taxes (other than any council tax payable in respect of a service occupancy granted pursuant to clause 9) payable in connection with the Pub or any part of it and the cost of buildings insurance in relation to the Pub, structural repairs, additions or improvements to the Pub as contemplated by clause 4.1.3, and all Capital Expenditure;
Examples of Net Operating Profit in a sentence
In calculating the bonus pool for Corporate, VVA shall mean Net Operating Profit After Taxes (NOPAT is defined as sales minus operating expenses minus taxes) minus a Capital Charge calculated by multiplying a Cost of Capital times the actual Capital (Capital is defined as total assets less current and other liabilities exclusive of debt).
Net Operating Profit After Tax (NOPAT) divided by Capital Invested (CI).
NOPAT (Net Operating Profit after Taxes) does not include interest expenses.
The fund will receive a maximum of $1,500,000 worth of shares after 3 years based on the percentage of the annual Net Operating Profit Goal met.
Profitability will be determined by the Net Operating Profit as declared in the accounts of Blackhawk prior to consolidation at the end of each quarter.
More Definitions of Net Operating Profit
Net Operating Profit means net earnings for the relevant period plus (i) interest expense, (ii) income taxes, and (iii) other income (expense), net as reported in the Company’s income statement.
Net Operating Profit means, as calculated on a consolidated basis for Borrower and its Subsidiaries for any period as at any date of determination, the net profit (or loss), after the provision for taxes, management bonus expense, tax distributions and dividend distributions of Borrower and its Subsidiaries for such period taken as a single accounting period. The foregoing calculation shall be made in accordance with Borrower’s practices as of the Effective Date and as disclosed to and approved by Bank.
Net Operating Profit means, for any period, for Guarantor and its Consolidated Subsidiaries (i) net sales minus (ii) total costs and expenses (excluding costs of income taxes and Interest Expense), in each case determined in accordance with GAAP for such period.
Net Operating Profit means Operating Profit less Owner's Priority.
Net Operating Profit means the greater of (i) the excess, if any, of -------------------- Operating Profit less Owner's Priority, or (ii) zero (0).
Net Operating Profit means, for any accounting period, the gross receipts of Allies - Arizona, LLC for such period less the sum of all cash expenses of operation of Allies - Arizona, LLC, and such sums as may be necessary to establish a reserve for operating expenses.
Net Operating Profit means, for any accounting period, the gross receipts of Maple Lot I, LLC for such period less the sum of all cash expenses of operation of Maple Lot I, LLC, and such sums as may be necessary to establish a reserve for operating expenses.