Company Portion Clause Samples
The "Company Portion" clause defines the specific share or percentage of a payment, benefit, or asset that is allocated to the company under an agreement. In practice, this clause details how much of a total sum—such as profits, proceeds from a sale, or contributions—will be retained by the company, as opposed to being distributed to other parties like employees, contractors, or partners. By clearly specifying the company's entitlement, this clause ensures transparency in financial arrangements and helps prevent disputes over the division of funds or assets.
Company Portion. The Company shall then pay to the Insurer any premiums due.
