Projected Profit definition
Projected Profit means, for any period and business, the projected income (loss) before income taxes of such business for such period, as shown in the most recent Annual Budget for such business (the "Budgeted Profit") multiplied by a fraction, the numerator of which shall be the actual income (loss) before income taxes for such business for the most recent twelve months ending prior to such period and the denominator of which shall be the Budgeted Profit for such twelve months; provided, however, that if, as a result of an event (such as a material acquisition or disposition) occurring after the approval of the Annual Budget for any business, such Annual Budget is no longer representative of the expected income (loss) before income taxes of such business, the Projected Profit shall be an amount, determined pursuant to the Dispute Resolution procedures in ARTICLE XX, that fairly represents the income (loss) before income taxes that such business would have earned in the relevant period if the event or state of facts giving rise to the claim for Lost Profits had not occurred. If Projected Profit is determined pursuant to ARTICLE XX, all relevant factors, including the Annual Budget, any updated forecasts and actual performance of the business prior to the relevant period, shall be taken into account. For the avoidance of doubt, Projected Profit shall not take into account any event or state of facts that gives rise to the claim for which Lost Profits are sought.
Projected Profit means, for any period and business, the ---------------- projected Income (Loss) Before Income Taxes of such business for such period, as shown in the most recent Annual Operating Plan for such business (the "Budgeted -------- Profit") multiplied by a fraction, the numerator of which shall be the actual ------ Income (Loss) Before Income Taxes for such business for the most recent twelve months ending prior to such period and the denominator of which shall be the Budgeted Profit for such twelve months; provided, however, that if, -------- ------- as a result of an event (such as a material acquisition or disposition) occurring after the approval of the Annual Operating Plan for any business, the projected Income (Loss) Before Income Taxes shown in such Annual Operating Plan is no longer representative of the expected Income (Loss) Before Income Taxes of such business, the Projected Profit shall be an amount that fairly represents the Income (Loss) Before Income Taxes that such business would have earned in the relevant period if the event or state of facts giving rise to the claim for Lost Profits had not occurred. If Projected Profit is determined pursuant to foregoing proviso, all relevant factors, including the Annual Operating Plan, ------- any updated forecasts and the actual performance of the relevant business prior to the relevant period, shall be taken into account. Any dispute will respect to the calculation of Projected Profits shall be resolved pursuant to the procedures set forth in ARTICLE XX. For the avoidance of doubt, Projected Profit shall not take into account any event or state of facts that gives rise to the claim for which Lost Profits are sought.
Examples of Projected Profit in a sentence
The Subcontractor warrants that the Payment is a true and accurate reflection of the costs and the Projected Profit Margin and that the Subcontractor does not have any other internal financial model in relation to the Services inconsistent with this.
Table: Break-even Analysis Monthly Revenue Break-even $30,320 Average Percent Variable Cost 27% Estimated Monthly Fixed Cost $22,000 6.4 Projected Profit and Loss The following table and chart show our projected Profit and Loss for the next three years.