Net After Tax Profits

Net After Tax Profits. Shall be the net income after tax of AAGP after this Merger, computed in accordance with generally accepted accounting principles, for any fiscal year ending December 31, but (i) adding back, in their entirety without regard to any tax provisions, the following accounts (x) the goodwill amortization as it relates to this Merger, and (y) the compensation related to the granting and the exercise of stock options under... AAGP's employee option plans; and (ii) multiplying by a fraction, the numerator of which is the number of days in the fiscal year when any share of Series A Preferred Stock is outstanding and the denominator is the number of days in the whole year; provided, however, that the denominator for the fiscal year ending December 31, 2000 shall be equal to the number of days between the date of issuance of the shares of Series A Preferred Stock and the earlier of the date when the shares of Series A Preferred Stock are fully redeemed or December 31, 2000. View More

Net After Tax Profits. That portion of profits received by Amedica attributable to the sale of Devices, after deducting from all gross proceeds from such sales the costs and expenses attributable to the development, testing, marketing and sale of the Devices (but not including any Amedica overhead or expenses unrelated to the Devices), and less all sales, use, occupation or excise taxes and all income taxes applicable to income generated from the Devices.