Common use of Profit Share Program Clause in Contracts

Profit Share Program. The Perth East Recreation Complex is fully licensed under the Alcohol and Gaming Commission of Ontario (AGCO). If the applicant chooses to have the event licensed, the Complex shall provide the entire bar requirements. In turn, the applicant will receive 25 % of gross bar profits, before HST. If the gross bar receipts are less than $250 there will be no profit share issued.