Operating Profit

Operating Profit. Is determined by following formula: As defined by GAAP and audited annually by independent accountants: Revenue Less: Cost of Sales Less: S, G&A expenses 3 Excluding: restructuring charges, foreign exchanges gains/losses, closing costs of non-US subsidiaries, cumulative translation adjustments, expenses related to termination benefits agreements agreed to by Board prior to Mr. Taylor's employment as CEO (January 13, 2004) and any other nonrecurring or unusual income or expense to... be mutually agreed upon between Mr. Taylor and the compensation committee. View More

Operating Profit. Will be measured as the Company's consolidated GAAP ---------------- operating income (revenue minus cost of goods sold (COGS) minus research and development (R&D) minus selling, general and administrative (SG&A), excluding VCP and EIP accruals and any non-recurring items). Non-recurring items include any unusual or infrequent accounting items included in GAAP operating profits such as: (i) gains on sales of... assets not otherwise included in revenue (ii) losses on sales of assets, restructuring charges, merger-related costs including amortization or impairment of acquisition-related intangible assets, asset write-offs, write-downs, and impairments whether or not included in COGS, SG&A or R&D expenses. Cirrus Logic Inc. Executive Incentive Plan April 1, 2001 The Committee will determine whether to include or exclude unusual/non-recurring items as part of Operating Profit. These items will be resolved by the Committee at the time of the relevant event. View More

Operating Profit. Means as to any Performance Period, the difference between revenue and related costs and expenses, excluding income derived from sources other than regular activities and before income deductions.

Operating Profit. For any specified period means the consolidated net sales of the Oilfield Services Segment less the applicable operating expenses, determined in accordance with Generally Accepted Accounting Principles and consistent with the Company's and AMCOL's past practice. In determining Operating Profit, the following shall be included: (i) the costs of AMCOL corporate allocations and bonus accruals (including without limitation accrual for any long term incentive plan or agreement such as this... agreement); (ii) any provision for depreciation or amortization; (iii) from and after the closing date, any earnings or losses attributable to businesses included within the Oilfield Services Segment purchased or established after the date of this Agreement; (iv) workmen's compensation claims, costs, expenses and premiums; and (v) any gains or loss on the sale, conversation or other disposition of 2 any fixed assets or intangible assets, and the following shall be excluded: (x) any federal, state or local income taxes; and (y) any other transactions reported as extraordinary gains or extraordinary losses in accordance with Generally Accepted Accounting Principles. View More

Operating Profit. Means an amount equal to Company's gross revenue per Contract Wafer less: (a) the applicable Base Wafer Price plus the associated ATMP costs; and (b) 25% of Company's gross revenue per Wafer. For purposes of the foregoing, the "ATMP" costs shall include costs incurred by Company for assembly, test, mark and package of its final goods and other manufacturing costs associated with such goods.

Operating Profit. Means the Company's or a business unit's profits from operations.

Operating Profit. The Company's or a business unit's income from operations determined in accordance with generally accepted accounting principles.

Operating Profit. Means, for any fiscal year, "operating profit" as defined by the Committee for the Company's Fiscal 2009 Management Incentive Plan.

Operating Profit. With respect to Regional Goals, the portion of the Company's Operating Profit attributable to the applicable Market or Markets. This is defined as the Region's Gross Margins less relevant Regional Operating Expenses. For Participants on the consolidated international operating profit target measured in U.S. dollars, the consolidated total would include the settled value of the translational hedges

Operating Profit. Means (x) the gross revenue invoiced from the sale of Equity Signs to a CPG by Valassis for installation at any Insignia Network Retailer, which gross revenue shall expressly exclude amounts paid by a CPG and invoiced by Valassis for federal, state and local taxes, duties, excises or services taxes, customs duties, freight, insurance and other shipping expenses); which gross revenue is then reduced by the sum of (y) the costs and expenses per sign as set forth on Exhibit B with respect to such... Equity Signs payable to Insignia, and (z) Equity Sign Installer Expenses. View More