Profit Before Taxes definition

Profit Before Taxes as used herein shall mean [***]

Profit Before Taxes means income from operations excluding special items, minus interest expense, plus interest income, minus other miscellaneous expense, plus other miscellaneous income, less bonus expense. Special items for this purpose may include, for example, expenses related to litigation or an acquisition or changes in accounting regulations, provided, however, that such expense is designated as a special item by the Board of Directors following recommendation by the Chief Executive Officer. Miscellaneous expense for this purpose may include, for example, expenses from sales tax audits or the effects of currency exchange.

Profit Before Taxes means income before special, unusual, restructuring or extraordinary items and taxes as reported in the Company’s consolidated financial statements.

Examples of Profit Before Taxes in a sentence

• For purposes of this Agreement, the Net Profit Before Taxes (“NPBT”) shall be determined on a consolidated basis computed without regard to the bonus payable to Executive pursuant to this Section 5, shall exclude any gains or losses realized by Company on the sale or other disposition of its assets other than in the ordinary course of business and shall exclude any extraordinary one-time charges taken by the Company.

• COMPANY COMPONENT ----------------- Profit Before Taxes and Extraordinary Items for the year is 95% of the Target Amount.

• COMPANY COMPONENT ----------------- Profit Before Taxes and Extraordinary Items for the year is 108% of the Target Amount.

• The Company and its Subsidiaries will maintain, on a consolidated basis, a ratio of (i) Profit Before Taxes and Extraordinary Items plus Fixed Charges plus amortization of intangible assets minus equity in earnings of Affiliates to (ii) Fixed Charges greater than 1.75 to 1.0 on a four-quarter rolling basis calculated at each quarter end.

• Under the FYE 2011 Incentive Plan, the participant becomes eligible for 60% of the potential bonus amount (at 100% performance) upon the attainment of the “financial factor”, defined as Profit Before Taxes (PBT), which equals $ .

More Definitions of Profit Before Taxes

Profit Before Taxes as used herein shall mean [***] minus [***], where [***] equals ([***] + [***]) X [***].

Profit Before Taxes as used herein shall mean Gross Revenue minus Total Costs, where Total Costs equals (1 + ***(1)) X Direct Salaries. For contract programmers, Profit Before Taxes as used herein shall mean Gross Revenue minus Total Costs, where Total Costs equals (1 + ***(1)) X Direct Salaries.

Profit Before Taxes has the meaning set forth in Section 2.6.

Profit Before Taxes means the amount of Document Processing income (loss) before income taxes, equity income and minorities' interests plus the amount included as equity in net income of unconsolidated affiliates, as included in such year's audited consolidated financial statements of the Company plus the income (loss) before income taxes from

Profit Before Taxes means IBEX profit before taxes pre-MIP, as determined by the Compensation Committee and approved by the Board of Directors of IBEX.

Profit Before Taxes means the amount of Document Processing income (loss) before income taxes, equity income and minorities' interests plus the amount included as equity in net income of unconsolidated affiliates, as included in such year's audited consolidated financial statements of the Company plus the income (loss) before income taxes from Document Processing-related (1) discontinued operations, (2) cumulative effect of changes in accounting principles, and (3) extraordinary items. There shall be automatically excluded from the determination of Profit Before Tax all separately indentified events or transactions shown on the face of the Document Processing Statements of Income other than those events or transactions referred to in (1), (2) and (3) of this subsection (n). All amounts shall be ascertained from the Company's annual audited financial statements, accompanying notes and related management discussion and analysis.

Profit Before Taxes means, with respect to any subsidiary, division or unit of the Company, such subsidiary's, division's or unit's income (including external interest income [expense], other external