Profit Center definition

Profit Center means (except for Subparts 31.3 and 31.6) the smallest organizationally independent segment of a company charged by management with profit and loss responsibilities.

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Profit Center means a division or Subsidiary of the Company which is responsible for preparing and submitting annual sales and pre-tax profit (loss) objectives.

Profit Center means a separate operating unit or branch of Leggett for which Leggett budgets an operating income for a Year.

Examples of Profit Center in a sentence

Operating Revenues (Personal Metrics Agency Operations) Operating Revenues is Line 20 Total Revenues from the Profit Center Statement (STG portion) and Line 20 Total Net Revenues from the Schedule A (STC portion).
Pretax Profit for the personal metric is the pretax earnings reported on line 71 of the Profit Center Statements (STG portion) and Schedule A (STC portion).
As to each New Profit Center Project, the New -------------------------- Profit Center Improvements and the New Profit Center Personal Property.
The construction, acquisition or development by ------------------------- the Borrower or any Subsidiary of any New Profit Center on any existing Stopping Center or Petro:Lube.
As to each New Profit Center Project, the ------------------------------ buildings, fixtures, equipment and other improvements to be constructed on the existing Stopping Center or Petro:Lube, as the case may be, in accordance with the plans and specifications applicable thereto.
America First Insurance: America First Insurance Co. AK, LA, OK, TX America First Lloyd’s Insurance Co. AK, LA, OK, TX Peerless Insurance Co. AK, LA, OK, TX Liberty County Mutual Insurance Co. For business classified as LMAM and produced by this Profit Center only Wausau/Business Solutions Group* (Multi-State Business **) Peerless Indemnity Insurance Co. (Multi-State Business **) The Netherlands Insurance Co. (Multi-State Business **) Colorado Casualty: Colorado Casualty Insurance ▇▇.
Notwithstanding the foregoing, Reinsurers’ liability for losses arising out of an act of Terrorism shall be limited to one occurrence limit in all, each Profit Center, any one Agreement Year.
Operating Revenues Operating Revenues is line 20 Total Revenues from the Profit Center Statement (STG portion) and line 20 Total Net Revenues from the Schedule A (STC portion).
After the adoption of the Business Plan, Purchaser shall provide funding to the Continuing Business Profit Center in accordance with the Business Plan.
In the event that the Continuing Business Profit Center (i) fails to meet a quarterly revenue target set forth in the Projections by 10% or more for two consecutive quarters, or (ii) generates a loss for any quarter, Purchaser shall have the right to amend the Business Plan in its sole discretion.

More Definitions of Profit Center

Profit Center. ’ as used in this part means the smallest organizationally independent segment of a company charged by management with profit and loss responsibilities.

Profit Center means a separate operating unit or branch for which the Company budgets an operating income for a Performance Period.

Profit Center means a separate operating unit or branch for which the Company budgets an operating income for a Year.