Pretax Net Income definition

Pretax Net Income means net profit (or loss) before taxes of the Borrower and its Subsidiaries, on a consolidated basis, determined in accordance with GAAP.

Pretax Net Income. (as such term is defined in the Budget) (excluding therefrom, to the extent included in determining Pretax Net Income, any items of extraordinary gain, including net gains on the sale of assets other than asset sales in the ordinary course of business, and adding thereto, to the extent included in determining Pretax Net Income, any items of extraordinary loss, including net losses on the sale of assets other than asset sales in the ordinary course of business), plus (b) to the extent included in determining Pretax Net Income, interest and dividend expense, whether paid in cash or in kind (including the amortization or write-off of debt discount and issuance costs and commissions and discounts and other fees and charges associated with Indebtedness), plus (c) to the extent included in determining Pretax Net Income, depreciation and amortization (including but not limited to, goodwill and organizational costs and any write-offs of purchased technology), plus (d) to the extent included in determining Pretax Net Income, other non-cash charges, minus (e), to the extent included in determining Pretax Net Income, other non-cash credits.

Pretax Net Income means the Company’s Net Income before federal income taxes are subtracted.

Examples of Pretax Net Income in a sentence

• For purposes hereof, the Corporation's Pre-tax Net Income or Net Loss for the fiscal quarter ending December 31, 1992 shall be deemed equal to the difference between the Corporation's Pre-tax Net Income or Net Loss for the fiscal year ending December 31, 1992, as audited and reported upon by the independent auditors of the Corporation, and the Corporation's Pre-tax Net Income or Net Loss for the nine (9) month period ending September 30, 1992.

• For purposes hereof, the terms "Pre-tax Net Income" and "Net Loss" shall mean the Corporation's consolidated net income or loss before all taxes determined in accordance with generally accepted accounting principles, as calculated by the Company's Chief Financial Officer, except that any pre-tax effect of certain reductions in conversion prices provided for in that certain Agreement dated as of March 11, 1992 by and among the Company, David A.

• At the end of the incentive year, the Committee shall determine the Corporate Performance Factor from the Corporate Performance Table based on the operating ratio and Pre-tax Net Income (Norfolk Southern's income before state and federal income taxes as reported in the annual consolidated financial statements for the incentive year).

• At any intermediate level of return on Average Invested Capital between 10% and 20%, the bonus fund shall be calculated at an interpolated percentage of Pre-tax Net Income between the 0.75% minimum and 1.5% maximum levels.

• The Benchmarks for the fiscal year ending September 30, 2002, and for each of the first three fiscal quarters thereof, are set forth in detail in Schedule I, attached hereto, except for the Benchmark with respect to Pretax Net Income for the fiscal year ending September 30, 2002, which shall be established by the Board of Directors as soon as reasonably practicable using assumptions consistent with those used to establish the other Benchmarks for such fiscal year.

More Definitions of Pretax Net Income

Pretax Net Income for a particular quarter or fiscal year shall be as set forth in Company's Form 10-Q or 10-K, as the case may be, determined in accordance with the GAAP, which calculation shall exclude extraordinary income or loss and foreign, federal, state and local income taxes for such period. provided, however, that the amounts obtained from the Form 10-K or Form 10-Q to determine "Revenue," "EBITDA", "Cash and Cash Equivalents other than Restricted Cash" and "Pretax Net Income" shall in each case be adjusted to eliminate the impact, if any, that Company's payment of any bonuses owed to Executive and other Company executive officers pursuant to Sections 2.02, 2.03 and 2.05 of this Agreement, or pursuant to substantially similar provisions of other executives' employment agreements, had on such numbers. All performance bonuses outlined in this paragraph shall be paid within ten days after Company shall file its Form 10-Q or Form 10-K with respect to the applicable period with the Securities and Exchange Commission.

Pretax Net Income is defined in Section 6.5.

Pretax Net Income means net income before taxes pursuant to GAAP.

Pretax Net Income means net profit (or loss) before taxes of the Borrower and its Subsidiaries, on a consolidated basis, determined in accordance with GAAP."

Pretax Net Income means net profit (or loss) before taxes of the Parent and its Subsidiaries, on a consolidated basis, determined in accordance with GAAP.

Pretax Net Income means, for any period, net income (or loss) before taxes of the Borrower and its Subsidiaries, on a Consolidated basis for such period taken as a single accounting period, excluding, however, net income (or loss) attributable to any Person (other than the Borrower or any of its Subsidiaries) in which the Borrower or any of its Subsidiaries has a minority interest, except to the extent of the amount of cash dividends or other cash distributions actually paid to the Borrower or such Subsidiary by such other Person.

Pretax Net Income means Pretax Operating Income for a Plan Year less Annual Bonus Awards less Interest Expense as illustrated in Exhibit A.