Profit Sharing Arrangement Sample Clauses

Profit Sharing Arrangement. In June of each year commencing in 2007 you shall be entitled to share profits of the Company as declared by the Company in accordance with Indian Laws. You shall be given an amount from the net profits after tax of the Company equivalent to your ownership interest in the Company . For example, if you own 5% of the Company, you will be entitled to 5% of the net profits.
Sample 1
AutoNDA by SimpleDocs
Profit Sharing Arrangement. (1) THIL shall receive a percentage equal to its share in the Venture (as determined under Clause 3) of the aggregate Net Profit generated through Fusion's sale of VoIP minutes terminating to Pakistan through the Pakistan VoIP Project, to be accounted for and distributed in accordance with the terms set forth in (5) below.
Sample 1
Profit Sharing Arrangement. The parties acknowledge that PBSL, BV and Pijnenburg Custom Chips B.V. are parties to a profit sharing agreement dated December 12, 2000 (the “Profit Sharing Agreement”), as disclosed in Section 2.18(a) of the Company Disclosure Schedule. Parent and the Majority Stockholder agree that prior to the Closing, they shall enter into an agreement (the “Purchase Adjustment Agreement”), which shall become effective upon Closing and pursuant to which the Majority Stockholder will pay to Parent an amount in cash equal to the aggregate cost (after giving effect to any tax benefit to PBSL, BV) of the amount of any payments made by PBSL, BV pursuant to the Profit Sharing Agreement. The parties agree and acknowledge that any and all payments made under the Purchase Adjustment Agreement shall be treated as an adjustment in the purchase price paid by Parent under this Agreement.
Sample 1
Profit Sharing Arrangement. (a) Purchaser and JPM CCC may from time to time, in the sole discretion of each respective Party, enter into Specific Identified Transactions with third parties in order to take advantage of trading opportunities around this Agreement and/or the storage facilities of Purchaser and MPL located in Xxxxxxx Xxxxx, Xxxxxxxxx xxx Xxxxxxxxxx, Xxxxxxxxx. Either Party may identify a proposed Specific Identified Transaction to the other Party. The profit-sharing arrangement between the Parties with respect to a Specific Identified Transaction shall be evidenced by a Specific Indentified Transaction Confirmation and, unless otherwise agreed by the Parties, performed in accordance with the terms set forth in such Specific Indentified Transaction Confirmation.
Sample 1
Profit Sharing Arrangement. With effect from Completion, the Buyer agrees that if any Buyer Group Member or Haulage Entity enters into an Agreed Customer Contract, the Buyer (as guarantor) will, and will procure that the relevant Buyer Group Member or Haulage Entity (as applicable) which is a party to the Agreed Customer Contract, delivers to the Seller a Profit Xxxxxxx Xxxx executed by each of them in respect of the relevant Agreed Customer Contract.
Sample 1
Profit Sharing Arrangement. 32.1 The Company is committed to implement a profit sharing scheme with employees. The scheme is intended to encourage valued employees to remain in the company’s employment and to provide additional reward to employees who bring business to the company. In this manner both the company and its employee can share in the benefits deriving from those activities in terms of both income and employment security. The basic feature of the scheme will be:
Sample 1
Profit Sharing Arrangement. The parties agreed that the monthly net profit generated from the hotel business will be shared as below from the Issue Date until the Completion Date. Parties Profit sharing percentage (%) Vendor 75% Purchaser 25%
Sample 1
AutoNDA by SimpleDocs
Profit Sharing Arrangement. 41.1 Essential is committed to a profit-sharing Arrangement with Employees.
Sample 1
Profit Sharing Arrangement 
Sample 1

Related to Profit Sharing Arrangement

  • 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).

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

  • 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.

  • Pension All present employees enrolled in the Hospital's pension plan shall maintain their enrolment in the plan subject to its terms and conditions. New employees and employees not yet eligible for membership in the plan shall, as a condition of employment, enroll in the plan when eligible in accordance with its terms and conditions.

  • 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.

  • 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

  • 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.

  • 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.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • Compensation Arrangements (a) Following receipt of an RoU Claim Notice in respect of a Type 3 Restriction of Use, Network Rail and the Train Operator shall (if they have not already done so) commence negotiations in respect of the RoU Liability compensation to be paid by one party to the other in respect of the Type 3 Restriction of Use and, subject to paragraph 10, shall continue such negotiations in good faith until they are concluded.

Time is Money Join Law Insider Premium to draft better contracts faster.