Profit Sharing Agreement Sample Clauses

Profit Sharing Agreement. The employees covered by this Agreement will participate with other employees of this Division in a Profit Sharing Scheme. Under this Scheme 30% of the pre-tax annual profit of the Division will be distributed amongst eligible employees (excluding apprentices). Refer to Schedule B for eligibility and other details.
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Profit Sharing Agreement. Concurrently with any delivery of any financial statements under Section 5.01(a) or 5.01(b), an officer’s certificate from a Responsible Officer of the Administrative Borrower setting forth computations, in reasonable detail, demonstrating the calculation of the estimated or, if then-determinable, actual Profit Share (as defined in the Profit Sharing Agreement) not yet paid constituting Excluded Collateral pursuant to clause (xvi) of the definition thereof. Each Borrower and each Lender acknowledge that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered pursuant to this Section 5.01 or otherwise are being distributed through a Platform, any document or notice that Holdings or the Administrative Borrower has indicated contains Material Non-Public Information shall not be posted on that portion of the Platform designated for such Public Lenders. Holdings and the Administrative Borrower agree to clearly designate all information provided to the Administrative Agent by or on behalf of the Administrative Borrower which is suitable to make available to Public Lenders. If Holdings or the Administrative Borrower has not indicated whether a document or notice delivered pursuant to this Section 5.01 contains Material Non-Public Information, the Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive Material Non-Public Information with respect to Holdings, the Administrative Borrower, their Subsidiaries and their securities.
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Profit Sharing Agreement. 2.1 If in respect of any accounting period following the date hereof in which the Company shall have profits available for the payment of dividends and does pay such dividend therefrom the Company shall procure that in the absence of agreement to the contrary a distribution shall be made to each of Consolidated and Sage or to their nominees equal to the following: 202,500 X THE DIVIDEND PER SHARE DECLARED AND PAID
Sample 1
Profit Sharing Agreement. Pursuant to Section 10.7 of the Profit-Sharing Agreement, the Parties hereby acknowledge and agree that the Profit-Sharing Agreement will ​ ​ terminate upon termination of the Collaboration Agreement. The Parties shall cease to share the Development Costs, Royalty & Milestone Payments and Profit and Losses (as each term is defined in the Profit-Sharing Agreement) with respect to the LCA10 Products as of the Effective Date.
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Profit Sharing Agreement. The SHALA ENERGY shpk is neither a party nor has agreed to be a party to any agreement giving any third party any right to share in whole or in part in the profits of the CompanySHALA ENERGY shpk.
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Profit Sharing Agreement. Seller and INSCORP shall have entered into a profit sharing agreement on terms mutually acceptable to Seller and INSCORP.
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Profit Sharing Agreement. The Lender shall have received fully executed originals of the Profit Sharing Agreement with the Borrower, the Parent and Investment Evolution Global Corporation, a Delaware corporation, and any related agreement required by the same.
Sample 1
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Profit Sharing Agreement. The Company is not a party or has not agreed to be a party to any agreement giving any third party any right to share in whole or in part in its profits.
Sample 1
Profit Sharing Agreement. Sellers shall cause (i) the Domination and Profit and Loss Transfer Agreement between BTR Industries GmbH and Rexnord GmbH dated as of November 7, 2001 with Rexnord GmbH being the dependent company to be terminated on or prior to the Closing Date and (ii) all obligations of Rexnord GmbH under such agreement to be satisfied as of the Closing Date. Notwithstanding the provisions contained in Section 6.2 of this Agreement, the parties acknowledge and agree that Sellers shall be entitled to change the corporate year end of Rexnord GmbH to a date prior to the expected Closing Date and, subject to Purchaser's consent, which shall not be unreasonably withheld, to take such other actions as may be reasonably necessary to terminate such agreement.
Sample 1

Related to Profit Sharing Agreement

  • Revenue Sharing Agreement This Note is subject to the Company’s Revenue Sharing Agreement attached hereto as Exhibit B as if all the terms of the Revenue Sharing Agreement were set forth in this Note.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any of its directors, officers or employees or those of its subsidiaries or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (1) for normal individual increases in compensation to employees (other than executive officers or directors) in the ordinary course of business consistent with past practice, (2) for other changes that are required by applicable law and (3) to satisfy Previously Disclosed contractual obligations.

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

  • Tax Sharing Agreement TAX SHARING AGREEMENT" means the Tax Sharing Agreement, attached as EXHIBIT F to the Separation Agreement.

  • Savings Plan Executive will be eligible to enroll and participate, and be immediately vested in, all Company savings and retirement plans, including any 401(k) plans, as are available from time to time to other key executive employees.

  • Deferred Compensation Plan Manager shall be eligible to participate in the First Mid-Illinois Bancshares, Inc. Deferred Compensation Plan in accordance with the terms and conditions of such Plan.

  • Retirement Contribution The State shall, as permitted by 5 M.R.S.A. §17702 §§s5 and 6, pay the cost of the 6.5% or 7.5% retirement contribution for employees in the following classifications. Corrections Firearms Instructor Oil & Hazardous Material Responder I Oil & Hazardous Material Responder II

  • Retirement Plan Employee shall participate, after meeting eligibility requirements, in any qualified retirement plans and/or welfare plans maintained by the Company during the term of this Agreement.

  • Tax Sharing Agreements All tax sharing agreements or similar agreements with respect to or involving the Company shall be terminated as of the Closing Date and, after the Closing Date, the Company shall not be bound thereby or have any liability thereunder.

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