Undistributed Earnings

Undistributed Earnings. Means, on any given date, the greater of (but not less than zero): (i) the retained earnings (or similar entry) shown on the audited financial statements of the Company for the prior Fiscal Year plus an estimate by the Company of additions to or subtractions from such retained earnings through such date of computation, and (ii) the "accumulated adjustments account" (or similar computation) of the Company for the prior taxable year of the Company pursuant to Section 1368(e) of the Internal... Revenue Code of 1986, as amended, plus an estimate by the Company of additions to or subtractions from this account through such date of computation. View More