SPECIAL PROJECT NET PROFIT definition

SPECIAL PROJECT NET PROFIT. The term "Special Project Net Profit" shall mean the net earnings from a Special Project after deduction of all proper allocable costs (excluding costs that would have been excluded for purposes of computing Tier 1 compensation) but before income taxes and the bonus determined hereunder, all as determined by the Company's independent auditors in accordance with generally accepted accounting principles consistently applied. The term "Adjusted Special Project Net Profit" shall mean Special Project Net Profits reduced by the amount of Tier 1 compensation paid to the Executive(s) of All Access or Picture Vision, as the case may be, which relates to the period in which the Special Project Net Profits were earned. As an example, if All Access produced $2,000,000 of Special Project Net Profit in fiscal 1997 and paid total Tier 1 compensation of $500,000, with respect to the corresponding period, the Adjusted Special Project Net Profits would be $1,500,000 and the bonus would be $225,000. Assuming the Bonus Threshold has been met for any Special Project, any further royalties or residuals related thereto ("Future Royalty Revenue") shall be subject to a bonus as set forth below.
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Examples of SPECIAL PROJECT NET PROFIT in a sentence

  • ADJUSTED SPECIAL PROJECT NET PROFIT: The term "Special Project Net Profit" shall mean the net earnings from a Special Project after deduction of all proper allocable costs (excluding costs that would have been excluded for purposes of computing Tier 1 compensation) but before income taxes and the bonus determined hereunder, all as determined by the Company's independent auditors in accordance with generally accepted accounting principles consistently applied.

  • ADJUSTED SPECIAL PROJECT NET PROFIT: The term "Special Project Net Profit" shall mean the net earnings from a Special Project after deduction of all proper allocable costs (excluding costs that would have been excluded for purposes of computing Tier 1 compensations) but before income taxes and the bonus determined hereunder, all as determined by the Company's independent auditors in accordance with generally accepted accounting principles consistently applied.

Related to SPECIAL PROJECT NET PROFIT

  • Commercial project means any project, including, but not

  • Operating Profit means the excess of Gross Revenues over the following deductions (“Deductions”) incurred by Manager, on behalf of Owner, in operating the Hotel:

  • Operating Profits means, as applied to any Person for any period, the operating income of such Person for such period, as determined in accordance with GAAP.

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

  • Project Year means the 12 month period beginning from the Effective Date and ending 12 months thereafter and each successive 12 month period following thereafter;

  • Material Project EBITDA Adjustments means, with respect to each Material Project:

  • Economic development project means land and existing or planned improvements suitable for use by an industrial or commercial enterprise, or housing development, or the protection of the environment, including, but not limited to, groundwater or surface water. Economic development project includes necessary buildings, improvements, or structures suitable for and intended for or incidental to use as an industrial or commercial enterprise or housing development; and includes industrial park or industrial site improvements and port improvements or housing development incidental to an industrial or commercial enterprise; and includes the machinery, furnishings, and equipment necessary, suitable, intended for, or incidental to a commercial, industrial, or residential use in connection with the buildings or structures.

  • Residential Project means a redevelopment project that is

  • Maintenance Capital Expenditure means cash expenditures (including expenditures for the construction of new capital assets or the replacement, improvement or expansion of existing capital assets) by a Group Member made to maintain, over the long term, the operating capacity or operating income of the Partnership Group. For purposes of this definition, “long term” generally refers to a period of not less than twelve months.

  • Development Project means a project for the development of land within a

  • CAISO Revenues means the credits, fees, payments, revenues, interest or similar benefits, including imbalance energy payments, that are directly assigned by the CAISO to the CAISO Global Resource ID for the Generating Facility for, or attributable to, Scheduling or deliveries from the Generating Facility under this Agreement.

  • Solar PV Project means the solar Photo Voltaic Power project that uses sunlight for direct conversion into electricity through Photo Voltaic technology.

  • Maintenance Capital Expenditures means cash expenditures (including expenditures for the addition or improvement to the capital assets owned by any Group Member or for the acquisition of existing, or the construction of new, capital assets) if such expenditures are made to maintain, including over the long term, the operating capacity or revenues of the Partnership Group.

  • Financial Projections has the meaning provided in Section 5.07(b).

  • Net Operating Income With respect to any Mortgaged Property, for any Mortgagor’s fiscal year end, Net Operating Income will be calculated in accordance with the standard definition of “Net Operating Income” approved from time to time endorsed and put forth by CREFC®.

  • Budget means a resource, expressed in financial terms, proposed by the Board for the purpose of carrying out, for a specific period, any or all of the functions of the Trust.

  • Commercial Production means the operation of the Property or any portion thereof as a producing mine and the production of mineral products therefrom (excluding bulk sampling, pilot plant or test operations);

  • Capital Expenditure Budget shall constitute an estimate for the applicable period of the capital expenditures required to (i) accomplish capital enhancement projects included in the most recently approved Strategic Plan, (ii) maintain and preserve the Partnership's assets in good operating condition and repair and (iii) achieve or maintain compliance with any HSE Law.

  • Approved Project means the Scheme application of the Applicant approved by the CIC.

  • Approved Budget means an annual budget-

  • Urban renewal project means undertakings and activities of a municipality in an urban renewal area for the elimination and for the prevention of the development or spread of slums and blight, and may involve slum clearance and redevelopment in an urban renewal area, or rehabilitation or conservation in an urban renewal area, or any combination or part of them in accordance with an urban renewal plan. These undertakings and activities may include:

  • Infrastructure project means any construction or acquisition of treatment works,