Common use of Operating Results Clause in Contracts

Operating Results. The calculation of Operating Results will be made by the Company on an annual basis as determined by the filing of audited consolidated financial statements of the Company in its Form 10K filing. The calculation of the “Operating Results” shall be made in accordance with the following formula: Total Consolidated Net Income + Non Cash Charges = Operating Results

Appears in 3 contracts

Sources: Employment Agreement (China Direct, Inc.), Employment Agreement (China Direct, Inc.), Employment Agreement (China Direct, Inc.)

Operating Results. The calculation of Operating Results will be made by the Company on an annual basis as determined by the filing of audited consolidated financial statements of the Company in its Form 10K filing. The calculation of the “Operating Results” shall be made in accordance with the following formula: Total Consolidated Net Income + Non Cash Charges + Dividends = Operating Results

Appears in 1 contract

Sources: Employment Agreement (Directview Holdings Inc)