Pretax Income means the Company’s or a business unit’s income before taxes, determined in accordance with generally accepted accounting principles.
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.
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.
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.
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 for each fiscal year the net income before provision for income taxes of the Company and its consolidated subsidiaries, as set forth in the audited financial statements of the Company, for such fiscal year before any adjustment for the effect of the additional compensation pursuant to paragraph 4(b) hereof, determined in accordance with generally accepted accounting principles, as consistently applied by the Company.
Pretax Income means, for any Fiscal Year, the income (positive or negative) of the Company and its consolidated subsidiaries (or, if required by the context, of an entity acquired by the Company) from continuing operations determined in accordance with generally accepted accounting principles from time to time in effect ("GAAP") before provisions for income taxes and Executive's Bonus pursuant to this Section 3.3. Pretax Income shall be adjusted to exclude gains or losses from the sale or distribution of assets not in the Company's ordinary course of business and gains or losses from transactions accounted for as extraordinary events in accordance with GAAP. For any Fiscal Year, "Pretax Income" shall be adjusted in accordance with the provisions of Sections 3.3.3, 3.3.4, 3.3.5 and 3.
Pretax Income means for each Fiscal Year the net incomes of the Company or such Division, as applicable, 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 and each of its Divisions 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. 4 "Projected Pretax Income" - shall mean for each Fiscal Year the level of Pretax Income projected and approved by the Board of Directors to be achieved by the Company and each of its Divisions, respectively, for such Fiscal Year pursuant to the Annual Operating Plan as related to the Company or its appropriate Divisions, as applicable, for such Fiscal Year.
Pretax Income means all sales and other sources normally determined to be revenues of the Company or Swiss Sub less all Expenses of the Company and of Swiss Sub, including without limitation all compensation expenses of the Company Shareholders. Any local, state, federal and foreign income taxes incurred by the Company or Swiss Sub shall not be subtracted from revenues for purposes of calculating Pretax Income.