SALES MARGIN definition

SALES MARGIN. As to any fiscal year, the percentage resulting from dividing Operating Profit by Revenues for such fiscal year.
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SALES MARGIN has the meaning ascribed to such term in SECTION 3.3(b).
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SALES MARGIN means revenue minus software royalties and costs of third party hardware sold, and Operating Profit means gross profit of the Company after deducting operating expenses but before calculating the effect of interest (both income and expense), taxes, etc. Furthermore, in calculating the Company's achievement of its Operating Profit goal for 1997, the following expenses will be excluded from operating expenses: (a) legal, accounting, printing and other fees and expenses incurred in connection with the Company's initial public offering activities, and (b) any incremental bonus amounts earned by the Company's management as a result of over-achievement (i.e., exceeding 100% achievement) of the Company's 1997 Sales Margin and Operating Profit goals. Over or under-achievement of either the Sales Margin Target or the Operating Profit Target increases or decreases the bonus earned relative to the target bonus amount. Payment of the bonus amount will be calculated in the following manner: Measurement of Achievement of Sales Margin Target ------------------------------------------------- The bonus earned will be determined initially by the ratio of Actual Margin performance to the Margin Target. No bonus is earned for Margin performance at or below 75% of the 1997 Margin Target. If Actual Margin exceeds 75% but is less than or equal to 100% of Target Margin, the bonus amount payable based on performance against the Target Margin is determined by the following formula: [(Actual Margin - 0.75 Target Margin) / Target Margin] x 4 x Target Bonus. This bonus amount is subject to adjustment based on corporate performance against the Operating Profit Target, as described below. In addition, if Actual Margin exceeds 100% of the Target Margin, the bonus amount calculated according to the previous paragraph is increased by the amount resulting from the following formula: [(Actual Margin - Target Margin) / Target Margin] x 8 x Target Bonus. This bonus amount is subject to adjustment based on corporate performance against the Operating Profit Target, as described below.
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Examples of SALES MARGIN in a sentence

  • Xxxx Xxxxxx ---------------------------------- Senior Vice President SERVICE SCHEDULE B DISTRIBUTION OF OFF-SYSTEM SALES MARGIN Under Joint Dispatch Agreement Between Union Electric Company, Central Illinois Public Service Company and Ameren Energy Generating Company B1 -- Duration This service Schedule B shall become effective and binding when -------------- the Joint Dispatch Agreement becomes effective, and shall continue in full force and effect, throughout the duration of such Agreement.

  • RUBIS ÉNERGIE RETAIL SALES MARGIN Gross margin(In €m)ContributionChangeChange at constant scopeEurope10251%78%20%Caribbean7136%23%23%Africa2613%33%33%TOTAL198100%48%23% Rubis Énergie division results The combination of a return to a “normal” winter coupled with growth in unit margins, as well as the results of restructuring undertaken in the Western Caribbean (Bahamas and Jamaica) and Southern Africa resulted in a sharp increase in earnings: EBIT grew by 115% (74% at constant scope).

Related to SALES MARGIN

  • Gross Margin With respect to each Adjustable Rate Mortgage Loan, the fixed percentage set forth in the related Mortgage Note that is added to the Index on each Adjustment Date in accordance with the terms of the related Mortgage Note used to determine the Mortgage Rate for such Mortgage Loan.

  • Retail margin means an amount, reflecting differences in

  • Operating Margin means the incremental adjustments, measured in megawatts, required in PJM Region operations in order to accommodate, on a first contingency basis, an operating contingency in the PJM Region resulting from operations in an interconnected Control Area. Such adjustments may result in constraints causing Transmission Congestion Charges, or may result in Ancillary Services charges pursuant to the PJM Tariff.

  • CD Margin means a rate per annum determined in accordance with the Pricing Schedule.

  • Supplier Profit Margin means, in relation to a period, the Supplier Profit for the relevant period divided by the total Charges over the same period in respect of any Call Off Agreements and expressed as a percentage;

  • EBITDA Margin means the ratio between (a) EBITDA and (b) total toll and other concession revenues.

  • First Margin means the margin specified as such in the applicable Final Terms; "First Reset Date" means the date specified in the applicable Final Terms;

  • Distribution Margin means the DPO’s share of revenue for the Distribution of Subscribed Channels to Subscribers and it does not include Carriage Fee. It will be calculated as twenty percent (20%) of the MRP of the Subscribed Channel(s), multiplied by the Monthly Average Subscriber Level.

  • Buyer’s Margin Amount”, with respect to any Transaction as of any date, the amount obtained by application of the Buyer’s Margin Percentage to the Repurchase Price for such Transaction as of such date;

  • Interest Margin or "rm" means the percentage specified as such in the table below. The Calculation Agent may adjust the Interest Margin, acting in good faith and in a commercially reasonable manner, to reflect any disparity between the Reference Interest Rate and the Issuer's funding rate, save that the Interest Margin will not be less than the Minimum Interest Margin and will not exceed the Maximum Interest Margin;

  • Adjusted EBITDA Margin means Adjusted EBITDA divided by operating revenue;

  • Step Up Margin means the rate per annum specified in the applicable Final Terms; and

  • Reset Margin means the margin specified in the applicable Final Terms;

  • Operating Margin Customer means a Control Area purchasing Operating Margin pursuant to an agreement between such other Control Area and the LLC.

  • Necessary Margin for CFD trading shall mean the necessary margin required by the Company so as to maintain Open Positions.

  • Maintenance Margin means the minimum amount of money required in your Trading Account as specified on the Trading Platform in order to keep a Transaction open on the Trading Platform.

  • EBIT means, for any period, the net income of the Company and its Subsidiaries on a Consolidated basis for such period plus each of the following with respect to the Company and its Subsidiaries on a Consolidated basis to the extent utilized in determining such net income: (a) Interest Expense and (b) provision for taxes.

  • Buyer’s Margin Percentage For any Purchased Asset as of any date, the percentage equivalent of the quotient obtained by dividing (a) one (1) by (b) the Applicable Percentage used to calculate the Purchase Price on the related Purchase Date.

  • Applicable L/C Margin means the per annum fee, from time to time in effect, payable with respect to outstanding Letter of Credit Obligations as determined by reference to Section 1.5(a).

  • Additional Margin shall have the meaning provided in Section 2.14(a).

  • Initial Margin means the amount of cash or securities deposited with a broker as a margin payment at the time of purchase or sale of a futures contract.

  • Free Margin means the amount of funds available in the Client Account, which may be used to open a position or maintain an Open Position. Free Margin shall be calculated as: Equity less (minus) Necessary Margin [Free margin = Equity- Necessary Margin].

  • Operating Income means the Company’s or a business unit’s income from operations but excluding any unusual items, determined in accordance with generally accepted accounting principles.

  • Applicable ABR Margin means, at any date:

  • Pre-Incentive Fee Net Investment Income means interest income, dividend income and any other income (including any other fees, other than fees for providing managerial assistance, such as commitment, origination, structuring, diligence and consulting fees or other fees that the Company receives from portfolio companies) accrued during the calendar quarter, minus the Company’s operating expenses for the quarter (including the base management fee, expenses payable under the administration agreement and any interest expense and dividends paid on any issued and outstanding preferred stock, but excluding the incentive fee). Pre-Incentive Fee Net Investment Income includes, in the case of investments with a deferred interest feature (such as original issue discount debt instruments with payment-in-kind interest and zero coupon securities), accrued income that the Company has not yet received in cash. Pre-Incentive Fee Net Investment Income does not include any realized capital gains, realized capital losses or unrealized capital appreciation or depreciation.

  • ABR Margin as defined in subsection 2.21.