Profit Distribution. (a) After paying taxes in accordance with the law and making contributions to the Three Funds, the remaining earnings of the Company shall be available for dividend distribution to the Parties. The General Manager shall recommend a dividend distribution plan to the Board of Directors within the first three (3) months following the end of each fiscal year of the Company for the Board’s consideration and approval or modification. In his or her recommendation, the General Manager shall consider that the Company has sufficient funds on hand to pay the dividends and meet its approved capital expenditure budget and working capital requirement for the current budget year. The Company shall not distribute dividends unless the losses of previous fiscal year(s) have been fully made up. Remaining undistributed dividend from previous years may be distributed together with that of the current year and the Board of Directors may authorize the payment of dividends from undistributed dividends from previous years at any time.
Profit Distribution. 13.6.1 After the Company has paid the enterprise income tax, the Board will determine the amount of the reserve fund, enterprise development fund and employee rewards and welfare fund (if applicable) withdrawn from the net profit after tax. The sum of these funds withdrawn annually shall be determined by the Board.
Profit Distribution. The net profits of the joint investment pool shall be distributed amongst shareholders and depositors according to their respective weightages in the invested funds. The Bank, as (Mudarib), shall be entitled to {90%} of the realized net profit of the depositors.
Profit Distribution. If Huayong makes distribution of the undistributed profit over the years, Transferee can be allocated according to the equity ratio held by it.
Profit Distribution. (a) After paying taxes in accordance with the law, making up losses and making contributions to the statutory common reserve, the remaining earnings of the Company shall be available for dividend distribution to the Parties. The Parties hereby agree that as long as the Company has eighteen (18) months of working capital reserved that the Company shall distribute to the Parties the profits in that fiscal year above the amount required to maintain eighteen (18) months of working capital. Distributable profits shall be distributed to the Parties within thirty (30) days of a Board resolution stipulating the distribution of such distributable profits to the Parties. Each Party shall procure that its Directors shall vote in favour of a resolution of any Board member proposing the distribution of the profits as outlined in this paragraph to the Parties. Such profits shall be distributed to a Party according to such Party’s proportion of its paid-in registered capital at the time such profits were earned.
Profit Distribution. For purposes of this Agreement, “
Profit Distribution. 17.4.1 Unless the General Meeting of the Shareholders approves otherwise and subject always to the restrictions and covenants that may be provided for in the Finance Documents (if any), the Company shall distribute the undistributed profit of the Company in any particular year to the Parties in proportion to their Equity Interest, after making allocations to the relevant reserve funds in accordance with applicable law, to the maximum amount and extent possible without impairing the Company’s cash flows and working capital needs.
Profit Distribution. The remaining profits from the operations of the Company in this fiscal year, after the Company pays the income tax and makes any deductions or payments (up to the minimum amount required by laws) as required by laws and regulations shall be distributed in accordance with the resolutions of the Board of Directors of the Company.
Profit Distribution. To avoid ambiguity, the Parties agree that the Joint Venture shall not perform profit distributions and Party B shall not claim a profit distribution before Party B has exited the Joint Venture based on it optional equity sales right of Party B or the optional equity acquisition right of Party A. If Party B has exited the Joint Venture based on its optional equity sales right or the optional equity acquisition right of Party A, Party B shall not request the Joint Venture to perform the profit distributions.
Profit Distribution. Article 37: The joint venture company distributes its profits in accordance with the joint venture parties' investment proportions. The Board of Directors is to decide the profit distribution program and the profits payable to the two parties within three months after one accounting year. Profits paid to Party B may be remitted to the designated country or region in accordance with the Interim Regulations on Foreign Exchange Control of the People's Republic of China.
