ADJUSTED PRETAX INCOME

ADJUSTED PRETAX INCOME. The Surviving Corporation's audited income before federal, state and local income taxes, determined in accordance with GAAP and adjusted for the following: 3 -3- EXCLUSIONS: i. Changes in application of GAAP unless such changes are accretive to Meridian's consolidated net income and the Earnout Calculation; ii. Extraordinary items as defined by GAAP in accordance with ... Accounting Principles Board Opinion No. 30; iii. Gain(s) or loss(es) on sale(s) of assets that exceed $25,000 on a cumulative basis in any one year; iv. Gain(s) or loss(es) on insurance settlements; v. Gain(s) or loss(es) on litigation settlements; and vi. Intercompany interest charges from Meridian to Viral for Acquisition Debt or financing costs related to future working capital or capital expenditures incurred by Meridian on behalf of the Surviving Corporation. INCLUSIONS: i. Discontinued operations. View More