Profits Pool definition

Profits Pool means 25% of any Net Company Profits either (i) derived from a Capital Transaction or (ii) calculated upon a Valuation Event.
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Profits Pool shall have the meaning provided in Section 2.2.
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Profits Pool means 20% of all Available Profits of the Company in each financial year of the Company.
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Examples of Profits Pool in a sentence

  • Separate accounting records shall be maintained for each Profits Pool, measuring the revenues and expenses for the particular Profits Pool.

  • Separate accounting records shall be maintained for purposes of tracking the entitlements of the Partners to allocations and distributions with respect to a particular Profits Pool.

  • A memorandum account shall be established for each Partner for the purpose of tracking the entitlement of the Partner with respect to a particular Profits Pool (each, a “Memo Account”).

  • Each distribution of cash or other property shall be made by first determining the Profits Pool to which the cash or other property is attributable and then by distributing such amounts of cash or other property pro rata based on the positive balances of the Memo Accounts related to such Profits Pool.