Examples of Profit in a sentence
Profit shall not be allowed the contractor for material or services that, as of the effective date of termination, have not been delivered by a subcontractor, regardless of the percentage of completion.
Effective immediately prior to the Closing, the Company has terminated (a) the Xxxxxx Rental Tools Profit Sharing Plan and Trust (the “401(k) Plan”), subject to and in accordance with the terms of the 401(k) Plan, and (b) all profit sharing programs offered by the Company (collectively, the “Profit Sharing Programs”) including, without limitation, the profit sharing program dated March 24, 2022 and the profit sharing program dated January 17, 2023.
Profit for the contractor’s efforts in settling subcon- tractor proposals shall not be based on the dollar amount of the subcontract settlement agreements but the con- tractor’s efforts will be considered in determining the overall rate of profit allowed the contractor.
It is further understood and agreed that neither Non-Profit nor any of Non-Profit’s employees will obtain any rights to retirement benefits or other benefits that accrue to City's employees, and Non- Profit hereby expressly waives any claim it may have to any such rights and will indemnify, protect, defend and hold City harmless from such claims made by Non- Profit’s employees.