Annual Profit

Example Definitions of "Annual Profit"
Annual Profit. The net income of the Company before interest expense, interest income, gain (loss) on sale of equipment, gain (loss) on investment, gain on sale of land, depreciation, amortization, taxes on income, extraordinary items, and the expense attributable to the grant of the Award, all as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company's certified financial statements to the extent shown or reflected on such financial statements. For... this purpose, extraordinary items are those of a non-recurring and unusual nature, or resulting from unforeseen and atypical events, as determined by the Accounting Firm using generally accepted accounting principles and as reflected on the Company's certified financial statements as prepared by the Accounting Firm to the extent shown or reflected on such financial statements View More
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