Profit Sharing Payments Sample Clauses

Profit Sharing Payments. Within 60 days after each calendar quarter during which Product sales to a Third Party occur by CL under this Agreement (excluding sales of the Initial Build Inventory and Existing Inventory), CL will pay to HJL a profit sharing payment that will compensate HJL for, among other things, HJL’s training of CL personnel, sales, marketing, regulatory and clinical support for the Product (“Profit Sharing Payment”) based on the following formula: Net Sales of the Products, less each of the following attributable to the sales of the Products: (i) the Distribution Fee and (ii) the Transfer Prices. The result shall be divided by two to determine the Profit Sharing Payment earned by HJL. Such Profit Sharing Payment shall be accompanied by a report setting forth in reasonable detail the calculation of the Profit Sharing Payment.
Sample 1
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Profit Sharing Payments. (1) The Service Provider shall be entitled to receive profit sharing payments from PlayStar and Players Limited ("Players"), a wholly-owned subsidiary of PlayStar, which payments shall be based upon the amount of Pre-Tax Profits (as defined below) of PlayStar and Players for (i) the six month fiscal period ending June 30, 1999, and (ii) each of the financial years ending June 30, 2000 (the "First Financial Year"), June 30 2001 (the "Second Financial Year") and June 30, 2002 (the "Third Financial Year") as shown below:
Sample 1
Profit Sharing Payments. The Agreement is hereby amended by deleting ----------------------- Subsections 7.1 through 7.5(e) in their entirety and replacing them with the following:
Sample 1
Profit Sharing Payments. In addition to all other payments payable to Southern Telecom by IFN as provided in this Agreement, regardless of the profitability of IFN, but subject to Section 7.2, IFN will pay to Southern Telecom [*****] annual payments of $[*****] each. Such annual obligation shall accrue monthly.
Sample 1
Profit Sharing Payments. Within thirty (30) days after each calendar quarter during which Product sales occur under this Agreement, ATS will pay to GBI a profit sharing payment ("Profit Sharing Payment") based on the following formula: *****, minus each of the following: (i) less the ***** of such Products, (ii) less the *****, (iii) less the *****; and the result shall be divided by ***** (*****). Such Profit Sharing Payment shall be accompanied by a report setting forth in reasonable detail the calculation of the Profit Sharing Payment.
Sample 1
Profit Sharing Payments. The Agreement is amended by adding at the end of the first sentence of Subsection 7.1 the phrase "derived from the use of the MPX Interest and the SES Interest."
Sample 1

Related to Profit Sharing Payments

  • 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.

  • Retirement Contributions On behalf of employees, the State will continue to “pick up” the six percent (6%) employee contribution, payable pursuant to law. The parties acknowledge that various challenges have been filed that contest the lawfulness, including the constitutionality, of various aspects of PERS reform legislation enacted by the 2003 Legislative Assembly, including Chapters 67 (HB 2003) and 68 (HB 2004) of Oregon Laws 2003 (“PERS Litigation”). Nothing in this Agreement shall constitute a waiver of any party’s rights, claims or defenses with respect to the PERS Litigation.

  • 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

  • DEDUCTIONS FROM SALARY A. The Board agrees to deduct from teachers’ salaries membership dues and assessments for the Xxxxxx County Education Association, the Maryland State Teachers’ Association, and the National Education Association as said teachers individually and voluntarily authorize to deduct through an appropriate written authorization form prepared by the Association. The Board agrees to transmit such monies promptly to the Association.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

  • Cash and Incentive Compensation For clarification, it is understood by all parties that other than as specified herein, the Company is not obligated to award any future grants of stock options or other form of equity compensation to Executive during Executive's employment with the Company.

  • Employer Contributions 8.1 Rates at which the Employer shall contribute for each hour of work performed on behalf of each employee employed under the terms of this Agreement are contained in the Appendices attached to and forming part of this Agreement.

  • Benefit Payments Benefit Payments, as referred to in this Agreement, means the sum of (i) Claims, as described in Xxxxxxxxx 0 xxxxx, (xx) Cash Surrender Values, as described in Paragraph 3 below, and (iii) Annuity Payments, as described in Paragraph 7 below.

  • Matching Contributions The Employer will make matching contributions in accordance with the formula(s) elected in Part II of this Adoption Agreement Section 3.01.

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