NEW REVENUE EXPENSES

NEW REVENUE EXPENSES. All incremental and new direct and indirect expenses incurred in the generation of New Revenue but New Revenue Expenses shall not include the amortization or depreciation cost of any existing asset or an allocation of any fixed expense or charge, including the allocation of the base salary and benefits of existing employee positions of the Company. For capital assets purchased to generate New Revenue, New Revenue Expenses shall include the annual depreciation or amortization charge for such... capital asset as determined by the Committee, but which in any event shall be fully amortized over the predicted duration of the related New Revenue stream; provided, however, if the purchase price for the new capital asset should be less than $10,000, it will be deemed fully expensed for purposes of this Plan in the year of purchase. View More