Operating Result definition

Operating Result for any year shall be equal to the annual financial results for the components that make up the Operating Target as of December 31 in such year, using United States generally accepted accounting principles consistently applied and taking into account such other factors as may be approved by the Committee. Notwithstanding anything else in this agreement to the contrary, if the Employer does not meet its Threshold Operating Target, there shall be no annual bonus regardless of business unit, personal or other objectives that constitute individual incentive objectives. Funding for the Annual Bonus shall be based on the Employer's annual financial results. In the event that the funds available to pay the Employer's aggregate Annual Bonuses are less than the amount required to pay such Annual Bonuses, the Annual Bonus shall be reduced in a manner deemed appropriate by the Committee, in its sole discretion. The Annual Bonus, if any, shall be paid as soon as practicable after the close of the year for which the Annual Bonus is payable, unless the Employee elects to defer such amounts under the terms of any deferred compensation or savings plan maintained or established by the Employer.
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Operating Result for any Plan Year means the result obtained by applying the total of all General Expenses, Debt Service Expenses (other than Debt Service Expenses associated with the financing of prior Plan Year Deficits), and Incurred Losses for that Plan Year against the Total Revenue for that Plan Year all as determined in accordance with generally accepted accounting principles (GAAP) or the provisions of this Plan.
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Operating Result means profit/loss before appropriations and taxes.
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Examples of Operating Result in a sentence

  • If the Employee is terminated on or after July 1 of any year, the Pro Rata Share of the Annual Bonus (A) will be equal to the product of (1) the Annual Bonus, calculated based on the actual Operating Result for such year, and (2) a fraction equal to the number of full months in such year prior to the Date of Termination over 12, and (B) will be paid to the Employee within 90 days after the close of the year in respect of which the Pro Rata Share of the Annual Bonus is payable.

  • No Annual Bonus shall be paid if the Operating Result is less than the Minimum Operating Target for such year.

  • The "Operating Result" for any year shall be equal to the annual financial results for the components that make up the Operating Target as of December 31 in such year, using United States generally accepted accounting principles consistently applied and taking into account such other factors as may be approved by Employer's Board.

  • It can also be calculated as the sum of the Operating Result, EBIT (Earnings Before Interests and Taxes) plus Costs and Operating Expenses that do not represent cash outflows (Depreciation, Amortization and Provisions).

  • An Operating Result recognises all revenue and operating expenditure; it includes non-cash expenditure such as depreciation and non-cash revenue of donated assets.

  • In the disclosure of the notes, the result is presented by segment up to the level of Operating Result.

  • Operating Result - YTD Actual vs YTD BudgetOperating Result is a measure for accounting for an organisation's profit or loss for a given period.

  • The Accumulated Operating Result (AOR) reflects the cumulative summation of the NOR since inception of that command.

  • Code for Tenders and Contracts• Policy – Code for Tenders and Contracts• Competition and Consumer Act 2010 (Cmwlth)BUDGET IMPLICATIONS 1.5. Funding Source and Impact on Current Year Operating Result 1.5.1 The processing of co-mingled recycled materials currently costs Council$139 per tonne.

  • Qualitative Information 2 (1) Operating Results 2 (2) Financial Position 3 (3) Operating Result Forecasts 3 2.

Related to Operating Result

  • Operating Area means those areas on-shore in India in which company or its affiliated company may from time to time be entitled to execute such services/operations.

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Operating Revenue means amounts accrued or charge to customers, cli- ents, and tenants, for the sale of prod- ucts manufactured or purchased for re- sale, for services, and for rentals of property held primarily for leasing to others. It includes both reimbursable costs and fees under cost-type con- tracts and percentage-of-completion sales accruals except that it includesonly the fee for management contracts under which the contractor acts essen- tially as an agent of the Government in the erection or operation of Govern- ment-owned facilities. It excludes inci- dental interest, dividends, royalty, and rental income, and proceeds from the sale of assets used in the business.

  • Operating Period for any Element of the Project shall mean the period from (and including) the COD of such Element of the Project, up to (and including) the Expiry Date and for the Project, shall mean the period from (and including) the COD of the Project, up to (and including) the Expiry Date;

  • Projecting sign ’ means a sign which is affixed to a wall of a building and which at some point projects more than 250 mm in front of the surface of such wall;