Operating Net Income definition
Examples of Operating Net Income in a sentence
The process of consultative practices is a mechanism through which employees can be involved in and positively contribute towards management's decision making process.
For purposes of this Agreement, Operating Net Income shall mean income from ordinary business activities after operating expenses, income taxes and interest are deducted, adjusted for one time and non-recurring items.
Consistent with those metrics used in reporting quarterly results, the financial goals are Relative TSR, Operating ROC, Operating Net Income, and Management Operating Cash Flow4.
The discussion below is intended to summarize and explain the detailed information provided in those tables and to put that information into the context of our overall compensation program.We refer to the non-GAAP financial measures Operating Revenue, Operating Pre-Provision Net Revenue (which we sometimes refer to as “operating leverage”) and Operating Net Income and Earnings per Share (Operating EPS) throughout this Compensation Discussion and Analysis.
Measuring the Operating Margin by CCOs reported on the Q2 Exhibit L, the CCOs achieved a statewide operating margin of 3.9%, or $135 million Operating Net Income on $3.427 billion of Operating Revenue.
For each Calendar Year, a number of Tranche 1 Units shall be earned equal to approximately (i) one third (1/3) of the Tranche 1 Units multiplied by (ii) the applicable “Percentage of Units Earned” as indicated in Table III below based on the achievement during the applicable Calendar Year of the Operating Net Income goal at the threshold, target or maximum levels designated in Table I below.
Consistent with those metrics used in reporting quarterly results, the financial goals are Relative TSR, Operating ROC, Operating Net Income, and Management Operating Cash Flow5.2 Motivate and reward executives when they deliver desired business results and stockholder value Executives are held accountable for results and rewarded above target levels when Company and personal goals are exceeded.
The Tranche 1 Units shall be earned based on the achievement of Operating Net Income for each Calendar Year during the Performance Period.
This is an increase from 2021’s 2.1% statewide operating margin or $130 million Operating Net Income.
The determination of entitlement to indemnification shall be made and, unless a contrary determination is made, such indemnification shall be paid in full by the Company not later than 60 calendar days after receipt by the Company of a written request for indemnification.