Restaurant Level Profit definition

Restaurant Level Profit means the profit before federal income taxes on the combined income statements of all the T-▇▇▇/Asia Restaurants of the Company as adjusted such that the expenses shall specifically include the:
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Examples of Restaurant Level Profit in a sentence

  • For purposes of (i) above, Restaurant Level Profit shall be calculated for the Trailing Twelve-Month Period as of the date of the Exercise Notice for all T-▇▇▇/Asia Restaurants that have been open and operating for at least a full twenty-five (25) months or, with respect to any T-▇▇▇/Asia Restaurant that is a Disney Restaurant, such Disney Restaurant shall have been open and operating for at least a full thirteen (13) months.

  • For the avoidance of doubt, no T-▇▇▇/Asia Restaurant (other than a Disney Restaurant) shall be used in the calculation of Restaurant Level Profit if it has not been open and operating for at least a full twenty-five (25) months.

  • The purchase price to be paid by ▇▇▇▇▇▇’▇ upon exercise of SCI’s Put Option shall be equal to the lesser of (i) the ratio of Three Million Five Hundred Thousand Dollars ($3,500,000) for every full Two Million Dollars ($2,000,000) in Restaurant Level Profit or (ii) Thirty Five Million Dollars ($35,000,000).

Related to Restaurant Level Profit

  • Working level month (WLM) means an exposure to 1 working level for 170 hours (2,000 working hours per year divided by 12 months per year is approximately equal to 170 hours per month).

  • Building level or district level leader means an individual employed by the District whose job assignment is that of a building level or district level administrator or an equivalent role, including an administrator licensed by the State Board of Education, an unlicensed administrator, or an individual on an Administrator Licensure Completion Plan. Building level or district level leader does not include the superintendent, deputy superintendents, associate superintendents, and assistant superintendents.

  • Working level (WL) means any combination of short-lived radon daughters in 1 liter of air that will result in the ultimate emission of 1.3E+5 MeV of potential alpha particle energy. The short-lived radon daughters are—for radon-222: polonium-218, lead-214, bismuth-214, and polonium-214; and for radon-220: polonium-216, lead-212, bismuth-212, and polonium-212.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.