Profit Sharing definition

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

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 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:

Examples of Profit Sharing in a sentence

• Employer Profit Sharing Contributions Your "vested percentage" in your account attributable to profit sharing contributions is determined under the following schedule.

• Contributions to the Ultimus Fund Solutions, LLC Retirement & Profit Sharing Plan to purchase shares of the Funds, and holdings of shares of the Funds within such Plan, are not required to be reported under Sections III and IV.

• 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.

• The Educational Authority commissions the preparation of the test sheets, makes the photocopies and sends them to the examination sites.

• 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.

More Definitions of Profit Sharing

Profit Sharing. For Qualified Games in which LxxxxxX 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;

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

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 has the meaning set forth in Section 8.2.(b)(i).

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. The Parties will share Net Profits from sales of Collaboration Products as follows: If the Collaboration Product is a NantKwest Product, NantKwest will receive Sixty Percent (60%) of Net Profits and ImmunityBio will receive Forty Percent (40%) of Net Profits. If the Collaboration Product is an ImmunityBio Product, ImmunityBio will receive Sixty Percent (60%) of Net Profits and NantKwest will receive Forty Percent (40%) of Net Profits. All Net Profits from sales of combined Collaboration Products will be shared equally. The definition of “Net Profits” will be determined in accordance with U.S. GAAP.