Operating Result definition

Operating Result for any year shall be equal to the annual financial results for the components that make up the Operating Target as of December 31 in such year, using United States generally accepted accounting principles consistently applied and taking into account such other factors as may be approved by the Committee. Notwithstanding anything else in this agreement to the contrary, if the Employer does not meet its Threshold Operating Target, there shall be no annual bonus regardless of business unit, personal or other objectives that constitute individual incentive objectives. Funding for the Annual Bonus shall be based on the Employer's annual financial results. In the event that the funds available to pay the Employer's aggregate Annual Bonuses are less than the amount required to pay such Annual Bonuses, the Annual Bonus shall be reduced in a manner deemed appropriate by the Committee, in its sole discretion. The Annual Bonus, if any, shall be paid as soon as practicable after the close of the year for which the Annual Bonus is payable, unless the Employee elects to defer such amounts under the terms of any deferred compensation or savings plan maintained or established by the Employer.
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Operating Result means profit/loss before appropriations and taxes.
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Operating Result for any Plan Year means the result obtained by applying the total of all General Expenses, Debt Service Expenses (other than Debt Service Expenses associated with the financing of prior Plan Year Deficits), and Incurred Losses for that Plan Year against the Total Revenue for that Plan Year all as determined in accordance with generally accepted accounting principles (GAAP) or the provisions of this Plan.
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Examples of Operating Result in a sentence

  • If the Employee is terminated on or after July 1 of any year, the Pro Rata Share of the Annual Bonus (A) will be equal to the product of (1) the Annual Bonus, calculated based on the actual Operating Result for such year, and (2) a fraction equal to the number of full months in such year prior to the Date of Termination over 12, and (B) will be paid to the Employee within 90 days after the close of the year in respect of which the Pro Rata Share of the Annual Bonus is payable.

  • No Annual Bonus shall be paid if the Operating Result is less than the Minimum Operating Target for such year.

  • The "Operating Result" for any year shall be equal to the annual financial results for the components that make up the Operating Target as of December 31 in such year, using United States generally accepted accounting principles consistently applied and taking into account such other factors as may be approved by Employer's Board.

  • Based on estimated costs and customer consumption, NSSC service rates are calculated as accurately as possible to achieve a neutral Net Operating Result for the FY.

  • The amount of the Bonus, if ---------------------------------- any, payable to Employee with respect to any fiscal year of the Company shall be the percentage (set forth in Column B below) of the Base Salary for such fiscal year that conforms to the "Operating Result" for such fiscal year set forth in Column A.

  • The Allibert Equipement Europe Basic Price shall be adjusted upwards or downwards depending on the difference between the Final Corrected Operating Result as at December 31, 1998 of Allibert Equipement Europe for the 12-month period ending on December 31, 1998, calculated from the Combined Accounts as at December 31, 1998 and corrected according to the method defined in EXHIBIT NO.

  • The amount of the Bonus, if any, ---------------------------------- payable to Employee with respect to any fiscal year of the Company shall be the percentage (set forth in Column B Below) of the Base Salary for such fiscal year that conforms to the "Operating Result" for such fiscal year set forth in Column A.

  • The Employer shall pay the Executive an annual performance bonus (a “Performance Bonus”) in an amount to be calculated based on the Employer’s Operating Result for that year, as set forth in Exhibit A attached hereto, but in no event shall the Employer pay the Executive a Performance Bonus of less than $100,000 with respect to the Employer’s 2001 fiscal year.

Related to Operating Result

  • Operating Reserve means generation capacity or load reduction capacity which can be called upon on short notice by either Party to replace scheduled energy supply which is unavailable as a result of an unexpected outage or to augment scheduled energy as a result of unexpected demand or other contingencies.

  • Project Results means all data and results of the Project.

  • Projections as defined in Section 6.2(c).

  • Operating parameter value means a minimum or maximum value established for a control device or process parameter that, if achieved by itself or in combination with one (1) or more other operating parameter values, determines that an owner or operator has complied with an applicable emission limit.

  • Operating Advisor Annual Report As defined in Section 3.29(d)(ii) of this Agreement.