Target Net Income the target amount of Net Income for calendar year 2008 set forth in the Plan by the Board ($9,000,000 for 2008).
Target Net Income for any fiscal year means the amount derived by adding back to the amount identified as Net Income (or similar term) in the Business Plan for such fiscal year the amount deducted therein (net of tax benefit) for the Annual Award for such fiscal year.
Target Net Income means Midway's target goal for Net Income for the Year, as determined in the sole discretion of Management.
Examples of Target Net Income in a sentence
Lipham 1997 162,500 86,250 -0- -0- 156,653 51,716 Executive Vice President 1996 147,500 152,500 -0- 63,938 13,302 43,755 and Chief Financial 1995 122,500 48,125 -0- -0- 8,100 30,302 Officer -------------------- Mr. Blanchard received no cash compensation from TSYS during 1997, other than director fees.
That is, no bonus awards will be made if actual net income is less than 90 percent of the Target Net Income for the year.
No additional bonus will be earned for results exceeding 110 percent of the Target Net Income.
If Actual Net Income equals Target Net Income, the Company Performance Percentage will be 100%.
For purposes of the Plan, the Target Net Income may differ from the budgeted net income level.
More Definitions of Target Net Income
Target Net Income means projected consolidated net income of the Corporation set forth in any Award Agreement granting Stock Appreciation Rights for purposes of calculating the Stock Appreciation Restriction.
Target Net Income means, for any period, all amounts (exclusive of all amounts in respect of any extraordinary gains or losses) which, in accordance with GAAP, would be included as net income on the statements of income of the Target for such period.
Target Net Income for each calendar quarter shall mean the following:
Target Net Income means Midway's target goal for Net Income for the Year, as determined in the sole discretion of Management. A "Year" is the period from January 1 to the following December 31. The first Year under this Bonus Plan is January 1, 2005 through December 31, 2005.
Target Net Income means fifteen percent (15%) multiplied by the Equity Value (as defined above).
Target Net Income means for any period, the net income (or loss) of the Target and its Subsidiaries determined on a Consolidated basis for such period in accordance with Applicable Accounting Principles.
Target Net Income means the dollar amount of net income established by the Board from time to time as the Bank's financial performance target for each fiscal year during which the Plan is in effect.