Target Net Income definition

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).

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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 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.

Examples of Target Net Income in a sentence

Following the end of each fiscal year in the Performance Period, the Committee will determine the percentage of Target Award RSUs that would be payable under the foregoing schedule for such fiscal year, based on the percentage of Target Net Income Growth attained and the Threshold and Maximum performance targets established by the Committee for that fiscal year.
If the Actual Aggregate Net Income equals or exceeds the Target Net Income, the Award Units shall be considered earned in full, subject, however, to vesting and forfeiture as provided below.
The Company will provide the Investor Agent with 2009 Financial Statements, the 2010 Financial Statements and the 2011 Financial Statements, as applicable, no later than two (2) days after the date on which the respective Annual Reports with the SEC to allow the Investor Agent the opportunity to evaluate whether the applicable Target Net Income was achieved.
The Target Growth Rate is 20%; and the Minimum Net Income is the amount calculated on the same basis as the Target Net Income except that the Minimum Growth Rate is substituted for the Target Growth Rate.
If the Target Net Income goal is not achieved for the Performance Period, the Stock Unit Award will be forfeited and no Restricted Stock Award will be granted.

More Definitions of Target Net Income

Target Net Income means Midway's target goal for Net Income for the Year, as determined in the sole discretion of Management.

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.

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, 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.