DIVISION OF PROFITS Sample Clauses
The Division of Profits clause defines how profits generated by a business or joint venture will be allocated among the involved parties. Typically, this clause outlines the specific percentages or formulas used to distribute profits, and may address the timing and method of payments, as well as any conditions that must be met before distribution occurs. Its core practical function is to ensure transparency and prevent disputes by clearly establishing each party’s share of the profits.
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DIVISION OF PROFITS. Property will be sold for cash unless otherwise agreed in writing. Investor will receive 100% of their original investment, including associated closing and any other costs for the said property in addition to 50% of all NET profits made. Manager will receive 50% of all NET profits made. Profits are the difference between the amount of the purchase (including closing costs and taxes) and sales agreement when buying and selling the property. Specifically excluded are either party’s fixed costs associated or unassociated with the purchase or sale of this property (i.e. marketing.)
DIVISION OF PROFITS and Losses from the sales of a Product arising out of the Development Program for cancer indications shall * from the date of the Initial Commercial Sale or license to a third party, its Affiliates, or sublicensees of such Product in such country (or, if the parties are Co-Promoting a Product in a country, the date on which premarketing expenses are first incurred), until *
DIVISION OF PROFITS. Since October, 1998 and from time to time after the date hereof and prior to the Closing Date, Buyer has provided and shall continue to provide Seller with orders and designs for certain pieces of furniture and Seller has filled and shall continue to fill such orders using such designs and collect payment therefor. Buyer has also provided and shall continue to provide Seller with certain marketing, sales and general advisory services agreed upon by Seller and Buyer. In consideration of the foregoing, Seller shall pay to Buyer (i) an amount equal to $121,076.91 per month for the period beginning on November 1, 1998 and ending on the last day of the month in which the Closing occurs or (ii) in the event that this Agreement is terminated prior to the Closing Date, an amount equal to $121,076.91 per month for the period beginning on November 1, 1998 and ending on the date of such termination (pro rated for any period less than a full month). Buyer shall pay the amount determined by wire transfer of immediately available funds at the Closing or within three business days of such termination, as the case may be.
DIVISION OF PROFITS. The Company shall, after payment of its corporate income tax, annually certain proportion of at least 10% of the remaining profits will be used for establishing a reserve fund. This will be subject to the decision of the Members’ Council from time to time. In accordance with the ratio of the Charter Capital contribution of the Parties as stated in Article 9 above, the remaining profits of the Company shall be allocated to the Parties based on the ratio of the Charter Capital contribution according to the decisions of the Members’ Council.
DIVISION OF PROFITS. The profits earned by the Joint Venture shall be calculated at the end of each month with distribution by the end of the 3'4 week following the billing month; and, a quarterly settlement statement at the end of each fiscal quarter. Profits shall be divided as represented in the Exhibit(s) .between the Parties as follows:
DIVISION OF PROFITS a) The Parties agree to vote their shares in all shareholders’ meetings held during 2016 such that during this year, dividends against profits earned in 2015 and earlier that are retained in the assets of the company on December 31, 2015 are not issued or paid.
b) The parties agree that for 2016 the profits obtained in 2015 and earlier that are retained in the assets of the company on December 31, 2015 shall not be assigned to finance losses of the Company.
DIVISION OF PROFITS. 39 8.4. Bulk Sales Compliance..........................................40 8.5. Litigation Support.............................................40 8.6.
DIVISION OF PROFITS. The profits of the Corporation, if divided, shall be shared among the parties in proportion to their respective subscriptions. LIABILITY OF THE PARTIES HEREUNDER
DIVISION OF PROFITS. Subject to the rights of persons, if any, entitled to shares with special rights as to dividends, all dividends shall be declared and paid according to the amounts paid or credited as paid on the shares in respect whereof the dividend is paid, but if and so long as nothing is paid upon any of the shares in the Company, dividends may be declared and paid according to the amounts of the shares.
DIVISION OF PROFITS. Each of the Members shall own an interest in the Company as set forth in the records of the Company. All profits of the Company shall be allocated to each Member's account in accordance with his ownership percentage. Unless unanimously otherwise agreed by the Members in the form of amendment to the Articles or this Operating Agreement, there will be only one Member, initially and he will retain 100% interest and be active in the management of the company. A separate capital account will be maintained for each Member, when more than one member. No Member shall make any withdrawal from capital, or receive any distribution of profits or surplus cash without prior approval of the Board of Managers and unanimous consent of the Members.