patronage bonus definition
patronage bonus means payments made by a Producer Company out of its surplus income to the Members in proportion to their respective patronage;
patronage bonus means payments made to members of the Company from out of the resultant surplus income.
patronage bonus means a percentage of the net surplus realised by a co-operative society which is distributed to the members of that co-operative society, in accordance with its by-laws;
More Definitions of patronage bonus
patronage bonus means a portion of the surplus of a society divided amongst its members in proportion to the amount of business they have done with the society; “primary society” means a society all of whose members are natural persons which operates in accordance with the co-operative principles set out in section seven; “provisionally registered”, in relation to a society or by-laws, means provisionally registered in terms of section sixteen;
patronage bonus means a share of the net surplus of a society divided amongst the members or, if the by-laws so provide, amongst the members and non-member patrons, in proportion to the use made of the services of the society, or the value of labour provided or other contributions made to the society;
patronage bonus means payments made to selected members of the Company from out of the resultant surplus income which is proportionate to their contribution/participation in the promotion of business of the company.
patronage bonus means a share of the net-surplus of the Society divided amongst its members in proportion to the use made of the services of the Co-operative Society.
patronage bonus means a portion of the surplus of a society divided amongst its members in proportion to the amount of business they have done with the society;
patronage bonus means payments made by a Producer Company out of its surplus income to the members in proportion to their respective patronage or their sales contribution in PC’s business, either in cash or by issue of equity shares or both, as may be decided by the general meeting.)
patronage bonus means payments made by the Company out of its surplus income to the Members in proportion to the value of their respective Patronage.