Profit Sharing definition

Profit Sharing means cash payments for Profit Sharing paid pursuant to the applicable collective bargaining agreement, to hourly employees.

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Profit Sharing. In the event the Rainbow Entities sell or transfer any "direct or indirect interest" in MSG (by way of private sale or secondary public offering) or all or substantially all of the assets of MSG, within one year of the first closing, ITT will have the right to share in such proceeds to the extent the value implied by such transaction is in excess of the value for MSG contemplated by ITT's sale to the Rainbow Entities; provided, however, there will be a 12% "cost of carry buffer" provided to the Rainbow Entities so that ITT's profit sharing right will be reduced by an amount equal to the proceeds from the relevant transaction multiplied by 12% per annum calculated on the basis of the actual number of days elapsed from the date of the first closing. This provision will provide that any partial sale or transfer will be treated as a resale of the interest purchased or redeemed from ITT. SportsChannel NY: Rainbow will have the right to contribute SportsChannel NY to MSG from 30 days after the first closing. If SportsChannel NY is contributed within one year after the first closing, the deemed amount of such contribution will be $170 million and, in this regard, the definitive agreement will contain covenants applicable to SportsChannel NY restricting sales, transfers or other dispositions of assets and conduct of business. Thereafter, the deemed amount of any contribution of SportsChannel NY shall be its "fair market value" based on the opinion of an investment banking firm selected as provided above. The dilution of ITT's interest in MSG shall be determined on such "fair market value" basis.

Profit Sharing. For Qualified Games in which L▇▇▇▇▇▇ has brought to the Platform (and for which RC has approved to be on such Platform), RC agrees to pay LedgerZ the following percentages of its Net Profit;

Examples of Profit Sharing in a sentence

• In the case of the Withdrawal of a Partner, such former Partner’s GP-Related Profit Sharing Percentages shall be allocated by the General Partner to one or more of the remaining Partners as the General Partner shall determine.

• At the time of admission of each additional Partner, the General Partner shall determine in its sole discretion the GP-Related Investments and Capital Commitment Investments in which such Partner shall participate and such Partner’s GP-Related Commitment, Capital Commitment-Related Commitment, GP-Related Profit Sharing Percentage with respect to each such GP-Related Investment and Capital Commitment Profit Sharing Percentage with respect to each such Capital Commitment Investment.

• Notwithstanding the foregoing, the General Partner may also adjust the GP-Related Profit Sharing Percentage of any Partner for any annual accounting period at the end of such annual accounting period in its sole discretion.

• The General Partner may establish different GP-Related Profit Sharing Percentages for any Partner in different categories of GP-Related Net Income (Loss).

• The books and records of the Partnership contain the Capital Commitment Profit Sharing Percentage and Capital Commitment-Related Commitment of each Partner (including, without limitation, the General Partner) with respect to the Capital Commitment Investments of the Partnership as of the date hereof.

More Definitions of Profit Sharing

Profit Sharing means a share of profits in accordance with Exhibit B attached hereto.

Profit Sharing shall equal the gross revenues generated by the "Family Survival Kit" and received for project sales, either through the infomercial videotape sales or the added value products to be used to increase videotape sales, less the following:

Profit Sharing means an amount received by a Participant under the [name of Profit Sharing Plan] maintained by the Company or an Affiliate thereof.

Profit Sharing shall have the meaning given in this Appendix I Clause 2. Delivery and Supply Price The Product will be manufactured, packaged and supplied by Oasmia to Hetero at Oasmia’ Cost of Goods Sold (“COGS”). Oasmia’s Supply Price shall be equivalent to Oasmia’s COGS. Hetero shall have right to audit the books of accounts for determining the validity of COGs provided by Oasmia.

Profit Sharing. An amount contributed by the Employer as a discretionary profit sharing contribution.

Profit Sharing as of any determination date with respect to an Initial Officer shall mean (i) any profit sharing commissions which have accrued prior to the date of termination of such Initial Officer (which accruals shall be determined in accordance with customary accounting principles applied in the reinsurance industry) received by the Company after the date of termination multiplied by (ii) the Initial Officer Pro Rata Interest of the applicable Initial Officer.

Profit Sharing by no means guarantees workers material advantages. Whatever guise it may take this technique is essentially a form of indirect wage, which serves to increase the worker's dependence on his employer. The worker does not know in advance how much he will receive. Furthermore the size of the supplement the workers are to receive is made dependent on the state of the market, which means that workers are deprived of such supplements at the very time when they need them most.