Distribution Pool
Distribution Pool. Means, for any Year, an amount determined by multiplying (x) Adjusted Post-Tax Net Income, minus an amount equal to ten percent (10%) of "Capital", by (y) six percent (6%), as such percentage may be adjusted up or down by the Committee from time to time, but no more than once per Year and otherwise as subject to the requirements of Section 162(m) of the Code, at such time, if any, as the Company becomes subject to Section 162(m) of the Code.
Found in
Cleveland-Cliffs Steel LLC contract
Distribution Pool. Means, for any Year, an amount determined by multiplying [Adjusted Pre-Tax Net Income, minus an amount equal to ten percent (10%) of "Stockholders Equity" as determined by Company's audited Consolidated Balance Sheets] by six percent (6%).
All Definitions
Found in
Steel Dynamics Inc contract