Net Operating Profit After Tax

Net Operating Profit After Tax. Operating income before financing costs and income taxes reduced by income taxes based upon the Company's effective income tax rate, as calculated for each Participation Pool. The total expenses associated with all of the Company's incentive plans, including this Plan, are charged to the operating income of the Company prior to the computation of NOPAT

Net Operating Profit After Tax. Shall be calculated as follows using each company's 10-Q quarterly and 10-K annual reports. Net Operating Profit After-Tax = + Gross Profit - SG&A (including R&D) + Goodwill Amortization (if included above) + Restructuring Expenses (if included above) = Operating Income - (Effective Tax Rate X Operating Income)

Net Operating Profit After Tax. Operating income before financing costs and income taxes reduced by income taxes which are computed by applying a statistical tax rate appropriate to the jurisdiction(s) in which the Company or Participating Unit operates.