Net Profit

Net Profit. All sales, revenues, income and monies less all costs and expenses, including, depreciation and selling, general and administrative expenses.

Net Profit. For purposes of this Operating Agreement, and the Members Agreement, "Net Profit" means the gross revenue of the Company, less expenses, determined under Generally Accepted Accounting Principles, except that adjustments shall be made such that "Net Profit" is not reduced by amortization of good-will, or start-up costs that arise from the purchase transactions contemplated in the Members Agreement.

Net Profit. Of a Division means the net profit of the Division over the applicable Performance Year as determined in the sole and absolute discretion of the Committee. For the 2006 Performance Year, Net Profit for any Division shall exclude expenses associated with providing Corporate Services to the Division by the Company or a Subsidiary of the Company, whether or not such services are specifically incurred by the Division itself; the amount of the excluded Corporate Services will be determined in the... sole and absolute judgment of the Committee, or the Board as the case may be. For any Performance Year after the 2006 Performance Year, the calculation of Net Profit for a Division may include expenses associated with providing Corporate Services to the Division by the Company or a Subsidiary of the Company, whether or not such services are specifically incurred by the Division itself. View More

Net Profit. Means Net Sales less Cost of Goods.

Net Profit. Or "Net Loss" for any period shall mean net income or loss from operations for such period, before provision for income tax, determined in accordance with GAAP excluding, however, (i) extraordinary gains (including but not limited to the conversion of debt to equity, the forgiveness of debt and the like), and (ii) gains (whether or not extraordinary) from sales or other dispositions of assets other than the sale of Inventory in the... ordinary course of Borrower's business. View More

Net Profit. Shall mean Net Sales less Cost of Goods Sold.

Net Profit. Means any pre-tax revenue received by the Buyer after the Closing Date derived from the sale of products relating to the Business less any and all reasonable and in the ordinary course of business expenses incurred by and payments made by the Buyer in connection with the production, marketing and sales of such products, including an allocation of the Buyer's overall accounting overhead which shall be determined in good faith by the Buyer and in no event shall exceed $5,000 on a monthly basis.

Net Profit. Shall mean the amount invoiced by Newco, less direct manufacturing costs, royalties due under endorsement and/or other license agreements, and freight and import duties as evidenced by reasonably sufficient substantiating documents.

Net Profit. Net Sales less the Transfer Price less the API Supplier Royalty

Net Profit. The after tax net income of the Company for a Year, as stated in the Company's certified financial statements.