Profit Sharing Agreement means that certain Profit Sharing Agreement, dated as of September 1, 2016, by and between AIG and NSM Insurance Group, LLC.
Profit Sharing Agreement means the profit sharing agreement, dated as of December 11, 2009, as amended by amendment no. one dated as of June 17, 2013, among OSG, OSG America, L.P., and the Issuer.
Profit Sharing Agreement means any agreement or arrangement
Examples of Profit Sharing Agreement in a sentence
Pro-rata Profit Share if they join the Profit Sharing Agreement part way through the year, are made redundant or are absent on unpaid leave for an extended period.
The Profit Sharing Agreement was a re-affirmation of essential arrangements as outlined in the original Agreement of February 11, 2010.
The Company entered into the Agreement and the Profit Sharing Agreement to facilitate commencement of mining operations at the Muping Property.
On September 1, 2010 the Company entered into a Declaration of Trust and Profit Sharing Agreement ("Profit Sharing Agreement") with Dahedong which, among other matters, outlines the basis by which the mining operations and share of profits, as defined in the Agreement, are to be conducted and distributed.
Furthermore, once the Facility is operational within parameters and specifications defined in the Profit Sharing Agreement, the company will pay Mujim, US$20 per ton for ongoing technical support, and has also agreed to pay Mujim, US$10 per ton as agency fee for any sales in Asia.
More Definitions of Profit Sharing Agreement
Profit Sharing Agreement means that certain Profit Sharing Agreement, dated as of December 11, 2009, as amended pursuant to Amendment No. One to Profit Sharing Agreement, dated as of June 17, 2013, in each case, by and among Holdings, American Tanker, Inc., a Delaware corporation (f/k/a Axxx American Shipping, Inc.) and the other parties signatory thereto, as in effect on the date hereof.
Profit Sharing Agreement shall have the meaning set forth in Section 4.2(a).
Profit Sharing Agreement means the agreement dated the Effective Date pursuant to which the Purchaser agrees to pay 10% of EBIT for a period of three years from the date of receipt of the HC Licence.
Profit Sharing Agreement means an agreement between the Lender, the Borrower and the Parent, in form and substance satisfactory to the Lender and secured by the assets of the Borrower, providing, among other things, that (i) 20% of the net profits of the Borrower are paid to the Lender, unless a Refinance Event has occurred, whereupon 10% of the net profits of the Borrower are paid to the Lender provided that the Borrower may terminate such profit sharing with a payment of Five Hundred Thousand and No/100 Dollars ($500,000.00) within one (1) year from the Closing Date, a payment of One Million Five Hundred Thousand and No/100 Dollars ($1,500,000.00) between the end of the first year and end of the second year following the Closing Date, and a payment of Three Million and No/100 Dollars ($3,000,000.00) thereafter, and (ii) the Lender shall have the right participate in any debt or equity raised by the Borrower, the Parent or any Affiliate thereof with such right expiring one (1) year after repayment in full of the Loan.
Profit Sharing Agreement means that certain profit sharing agreement between Buyer and the Members pursuant to which the members shall be entitled to receive from Buyer, on a pro rata basis, an amount equal to fifty percent (50%) of the net profits attributable to the Company’s platform.
Profit Sharing Agreement means an agreement to reflect the business understanding for the Harrow Facility and the Harrow Phase 3 Land between the Parties that Purchaser shall have all benefits and burdens of the ownership thereof, including: (A) the right to receive or retain any profits obtained by any Seller Party or Purchaser upon the sale or transfer of the Harrow Facility and the Harrow Phase 3 Land, together with any funds received under any overage agreement or other uplift with respect to the Harrow Facility and the Harrow Phase 3 Land themselves and any other real property transferred to Land Securities pursuant to the agreements between Seller and Land Securities including any overage payable pursuant to an Overage Deed dated 25 February 2010 and made between Kodak Limited (1) XX Xxxxxx Properties Limited (2) and LS London Holdings One Limited (3); provided, however, in determining profits only those reasonable costs and expenses incurred after the Closing with respect to the Harrow Facility and the Harrow Phase 3 Land shall be deducted (and those costs shall include the costs of building a new access road to the Retained Land in accordance with the terms of the Permitted Lease), (B) control over the transfer and/or operation of the Harrow Facility and the Harrow Phase 3 Land (including any works (including demolition) required prior to any sale and/or transfer); and (C) if and when possible, a transfer of the freehold interest in the Harrow Facility and the Harrow Phase 3 Land (and the Real Property associated therewith) to Purchaser for no additional consideration.
Profit Sharing Agreement means, as applicable, either the agreement entered into between the Lux Issuer and the Company in order to distribute upstream the Class A Participating Share Profits Pool to the Lux Issuer and ultimately to the investors in the Lux Issuer, or such agreement or arrangement entered into between the Nevada Issuer and the Company in order to distribute upstream the Class B Participating Share Profits Pool to the Nevada Issuer and ultimately to the investors in the Nevada Issuer.