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Pretax Income definition

Pretax Income means for each Fiscal Year the net income of the Company before federal and state taxes determined in accordance with generally accepted accounting principles consistently applied and as approved by the independent public accountants who have examined the financial accounts and records of the Company for such Fiscal Year; provided, however, that such Pretax Income determination shall be adjusted to include the effect of the amount of any Bonus paid or to be paid to a Participant pursuant to the Plan.
Pretax Income with respect to Liggxxx, xxans for a specified year, the "Income before Income Taxes" as determined in accordance with generally accepted accounting principles ("GAAP") of Liggxxx xxx its most recent fiscal year, as report in filings to the United States Securities and Exchange Commission or, if there is no such filing, as reported by Liggxxx'x xxxependent outside auditors. If GAAP changes in any material respect during the term of this Agreement so that the benefits anticipated by the parties (in light of GAAP applicable on the date of this Agreement), an appropriate adjustment shall be made to the formulas and calculations hereunder to achieve the parties' expectations as of the date hereof.

Examples of Pretax Income in a sentence

  • Molson Coors’ interest in MillerCoors results, along with certain adjustments under U.S. GAAP, is reflected in “Equity Income in MillerCoors.” This release includes reconciliation from MillerCoors Net Income to Molson Coors Brewing Company Equity Income in MillerCoors and Non-GAAP U.S. Segment Underlying Pretax Income (see Table 6).

  • As determined by the Committee, the Performance Goals applicable to an award may provide for a targeted level or levels of achievement using one or more of the following measures: (a) Operating Income, (b) Pretax Income, and (c) Return on Sales.

  • Pretax Income is calculated as Net Earnings attributable to Lennar plus/minus income tax expense/benefit.

  • The Adjusted Net Worth, Net Adjusted Pretax Income for 1998 and Initial Merger Consideration shall have been determined.

  • As soon as reasonably practicable, the Company shall cause its auditors to prepare an audited balance sheet and income statement for the Company as of and for the year ended December 31, 1998 in accordance with Xxxxxxxx GAAP and shall calculate the Company's Adjusted Net Worth and Net Adjusted Pretax Income and the Initial Merger Consideration on the basis thereof.


More Definitions of Pretax Income

Pretax Income means earnings of the Corporation before tax and after Bonuses for Corporate and Business Unit performance, unless otherwise defined.
Pretax Income means, on any date of determination, Consolidated Net Income, plus federal, state or other income taxes provisions recorded by the Company and its Subsidiaries, during the four fiscal quarters then preceding, taken on a consolidated basis.
Pretax Income shall be the income shown on Badger's books determined in accordance with generally accepted accounting principles and practices utilized by Badger's independent public accountant or, such other firm of independent public accountants as may be determined from time to time. Pretax Income shall be calculated before payment of federal and state income taxes and before allowance for the bonus payment calculated pursuant to this Agreement. However, Pretax Income shall not include income from extraordinary items as determined by generally accepted accounting principles.
Pretax Income means the targeted consolidated pretax income for a fiscal year established by the Board of Directors. The Bonus for any fiscal year shall be payable on or before the date 60 days after the end of such fiscal year and shall be payable one-half in cash and one-half in Common Stock of Employer, valued at the closing price of the Common Stock of Employer on NASDAQ on the date three business days after the Employer publicly discloses its financial results for the fiscal year.
Pretax Income. , with respect to Liggett, means for a specified year, the "Income before Income Taxes" of Liggett for its most recent fiscal year, as reported in filings to the United States Securities and Exchange Commission or, if there is no such filing, as reported by Liggett's independent outside auditors.