Common use of Profit Share Clause in Contracts

Profit Share. At the end of each Payout Interval and/or at the time of withdrawal and/or closing of a profitable investment or foreign investment account, the Strategy Manager shall automatically be paid his/her Profit Share based on the % of the generated profit for the trading interval (subject to a higher watermark); • At the date when Profit Share is paid, the latest watermark is set; • The % of Profit Share is set by the Strategy Manager at the time when the Strategy Manager is creating an investment Strategy and this can be edited by the Strategy Manager. Should the Profit Share be edited, the New Fee shall only be applicable for new investment accounts and old investments account shall continue to have the initial Profit Share. Inactivity of Strategy Manager Account When a Strategy Manager is inactive for 90 days all Investment Accounts following the Strategy Account shall be disconnected. An email notification shall be sent 5 calendar days before the disconnection of the accounts. Leverage and Equity Requirements In order to act in the best interest of the Investors and keep Strategy Managers’ and Investors’ interests aligned, Strategy Managers shall follow the rules below: • The Strategy Manager shall keep in the Strategy Account the minimum equity amount as shown on our Website here in order to be eligible for Investors to follow him/her. In case the Strategy Manager wishes to withdraw funds from his/her strategy account, a minimum equity amount must be left in his/her account. • The Strategy Manager is allowed to own only one active Investment Account that follows his/her own strategy, and can invest no more than the minimum allowed amount. • As the amount of funds from followers increases, the Strategy Manager should also increase his/her own funds and decrease the leverage on the Strategy Account. The minimum Strategy Manager Own Funds and Max Leverage requirements will be shown on our Website here. The Company reserves the right to adjust these levels whenever it deems necessary, and to inform the Strategy Manager in advance. • In case the Investors reached the maximum number of followers’ funds then the Strategy Manager needs to move on the next level and to increase his own funds amount and to adjust the leverage on the Strategy Account. In case the Strategy Manager fails to do so, she/he will not be able to get additional funds from followers. In case the Manager wishes to make a withdrawal, she/he must keep at least the minimum required amount of his/her own funds for his/her current level. The Manager is expected to refer to the table on the Website, which indicates the minimum amounts per level. APPENDIX 2 Profit Share (as defined in para 2.2): • The % of Profit Share is determined by the Strategy Manager at the time of creation of the investment strategy. • The % of Profit Share can be edited. In such case the new Profit Share shall only be applicable for new investment accounts and for all investment’s accounts opened prior to the editing, the % of Profit Share which shall apply shall be the Profit Share in force upon the opening of the account. • The Strategy Manager shall receive from the Company the % of Profit Share, equal to the % of positive returns of the Investor or Foreign Investor accounts following the Strategy Account. • The Profit Share is calculated and paid at the end of the Payout Interval. • In case of partial withdrawal, the Strategy Manager shall receive a Profit Share which is proportionate to the amount of withdrawal, whichever is earlier. • In the event where the payable Profit Share is < 1 cent USD or < 1 cent EUR, the Strategy Manager shall receive 1 cent USD and 1 cent EUR, respectively.

Appears in 4 contracts

Samples: Manager Agreement, Manager Agreement, Manager Agreement

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Profit Share. At the end of each Payout Interval and/or at the time of withdrawal and/or closing of a profitable investment or foreign investment account, the Strategy Manager shall automatically be paid his/her Profit Share based on the % of the generated profit for the trading interval (subject to a higher watermark); • At the date when Profit Share is paid, the latest watermark is set; • The % of Profit Share is set by the Strategy Manager at the time when the Strategy Manager is creating an investment Strategy and this can be edited by the Strategy Manager. Should the Profit Share be edited, the New Fee shall only be applicable for new investment accounts and old investments account shall continue to have the initial Profit Share. Inactivity of Strategy Manager Account When a Strategy Manager is inactive for 90 days all Investment Accounts following the Strategy Account shall be disconnected. An email notification shall be sent 5 calendar days before the disconnection of the accounts. Leverage and Equity Requirements In order to act in the best interest of the Investors and keep Strategy Managers’ and Investors’ interests aligned, Strategy Managers shall follow the rules below: • The Strategy Manager shall keep in the Strategy Account the minimum equity amount as shown on our Website here in order to be eligible for Investors to follow him/her. In case the Strategy Manager wishes to withdraw funds from his/her strategy account, a minimum equity amount must be left in his/her account. • The Strategy Manager is allowed to own only one active Investment Account that follows his/her own strategy, and can invest no more than the minimum allowed amount. • As the amount of funds from followers increases, the Strategy Manager should also increase his/her own funds and decrease the leverage on the Strategy Account. The minimum Strategy Manager Own Funds and Max Leverage Xxx Xxxxxxxx requirements will be shown on our Website here. The Company reserves the right to adjust these levels whenever it deems necessary, and to inform the Strategy Manager in advance. • In case the Investors reached the maximum number of followers’ funds then the Strategy Manager needs to move on the next level and to increase his own funds amount and to adjust the leverage on the Strategy Account. In case the Strategy Manager fails to do so, she/he will not be able to get additional funds from followers. In case the Manager wishes to make a withdrawal, she/he must keep at least the minimum required amount of his/her own funds for his/her current level. The Manager is expected to refer to the table on the Website, which indicates the minimum amounts per level. APPENDIX 2 Profit Share (as defined in para 2.2): • The % of Profit Share is determined by the Strategy Manager at the time of creation of the investment strategy. • The % of Profit Share can be edited. In such case the new Profit Share shall only be applicable for new investment accounts and for all investment’s accounts opened prior to the editing, the % of Profit Share which shall apply shall be the Profit Share in force upon the opening of the account. • The Strategy Manager shall receive from the Company the % of Profit Share, equal to the % of positive returns of the Investor or Foreign Investor accounts following the Strategy Account. • The Profit Share is calculated and paid at the end of the Payout Interval. • In case of partial withdrawal, the Strategy Manager shall receive a Profit Share which is proportionate to the amount of withdrawal, whichever is earlier. • In the event where the payable Profit Share is < 1 cent USD or < 1 cent EUR, the Strategy Manager shall receive 1 cent USD and 1 cent EUR, respectively.

Appears in 1 contract

Samples: Strategy Manager Agreement

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Profit Share. At the end of each Payout Interval and/or at the time of withdrawal and/or closing of a profitable investment or foreign investment account, the Strategy Manager shall automatically be paid his/her Profit Share based on the % of the generated profit for the trading interval (subject to a higher watermark); • At the date when Profit Share is paid, the latest watermark is set; • The % of Profit Share is set by the Strategy Manager at the time when the Strategy Manager is creating an investment Strategy and this can be edited by the Strategy Manager. Should the Profit Share be edited, the New Fee shall only be applicable for new investment accounts and old investments account shall continue to have the initial Profit Share. Inactivity of Strategy Manager Account When a Strategy Manager is inactive for 90 days all Investment Accounts following the Strategy Account shall be disconnected. An email notification shall be sent 5 calendar days before the disconnection of the accounts. Leverage and Equity Requirements In order to act in the best interest of the Investors and keep Strategy Managers’ and Investors’ interests aligned, Strategy Managers shall follow the rules below: • The Strategy Manager shall keep in the Strategy Account the minimum equity amount as shown on our Website here in order to be eligible for Investors to follow him/her. In case the Strategy Manager wishes to withdraw funds from his/her strategy account, a minimum equity amount must be left in his/her account. • The Strategy Manager is allowed to own only one active Investment Account that follows his/her own strategy, and can invest no more than the minimum allowed amount. • As the amount of funds from followers increases, the Strategy Manager should also increase his/her own funds and decrease the leverage on the Strategy Account. The minimum Strategy Manager Own Funds and Max Leverage requirements will be shown on our Website here. The Website's FAQs section (under FXTM Invest and Partnerships)The Company reserves the right to adjust these levels whenever it deems necessary, and to inform the Strategy Manager in advance. • In case the Investors reached the maximum number of followers’ funds then the Strategy Manager needs to move on the next level and to increase his own funds amount and to adjust the leverage on the Strategy Account. In case the Strategy Manager fails to do so, she/he will not be able to get additional funds from followers. In case the Manager wishes to make a withdrawal, she/he must keep at least the minimum required amount of his/her own funds for his/her current level. The Manager is expected to refer to the table on the Website, which indicates the minimum amounts per level. APPENDIX 2 Profit Share (as defined in para 2.2): • The % of Profit Share is determined by the Strategy Manager at the time of creation of the investment strategy. • The % of Profit Share can be edited. In such case the new Profit Share shall only be applicable for new investment accounts and for all investment’s accounts opened prior to the editing, the % of Profit Share which shall apply shall be the Profit Share in force upon the opening of the account. • The Strategy Manager shall receive from the Company the % of Profit Share, equal to the % of positive returns of the Investor or Foreign Investor accounts following the Strategy Account. • The Profit Share is calculated and paid at the end of the Payout Interval. • In case of partial withdrawal, the Strategy Manager shall receive a Profit Share which is proportionate to the amount of withdrawal, whichever is earlier. • In the event where the payable Profit Share is < 1 cent USD or < 1 cent EUR, the Strategy Manager shall receive 1 cent USD and 1 cent EUR, respectively.

Appears in 1 contract

Samples: Manager Agreement

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