Distribution of Service Income and Methods of Payment Sample Clauses

Distribution of Service Income and Methods of Payment. Given that Party C is the holder of Value-added Telecommunications Business License for NetEase website (URL: xxxx://xxx.000.xxx), and all services provided under this Agreement shall be operated, and revenues thereof shall be collected from clients, through NetEase website, the Parties agree to distribute the income from services jointly provided for clients under this Agreement according to the following formulas:
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Distribution of Service Income and Methods of Payment. Both Parties agree to distribute the service income hereunder according to the following formulas: Both Parties agree that the balance of the online advertising service income received by Party A from clients for each month, after deduction of turnover taxes payable for the above income (such as business tax, hereinafter referred to as “Payable Turnover Taxes”), the expenses incurred by Party A for provision of its services (exclusive of the portion of expenses distributed to Party B and any other partner of the NetEase group) and the profits that may be retained by Party A, shall be the distributable income to be shared between Party A, Party B and any other partner of the NetEase group. Both Parties agree that, in case of any adjustments in the Payable Turnover Taxes to be paid by Party A due to changes in government policies, Both Parties shall decide on new methods for distribution by entering into a supplemental agreement in writing. The formula for calculating distributable income is as follows: Distributable income = Service income - Payable Turnover Taxes — Expenses incurred by Party A for provision of its services - Profits retained by Party A
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Distribution of Service Income and Methods of Payment. Both Parties agree to distribute the service income hereunder according to the following formulas: 1 Calculation of distributable income Both Parties agree that the balance of the online advertising service income received by Party A from clients for each month, after deduction of turnover taxes payable for the above income (such as business tax, hereinafter referred to as “Payable Turnover Taxes”), the expenses incurred by Party A for provision of its services (exclusive of the portion of expenses distributed to Party B and any other partner of the NetEase group) and the profits that may be retained by Party A, shall be the distributable income to be shared between Party A, Party B and any other partner of the NetEase group. Both Parties agree that, in case of any adjustments in the Payable Turnover Taxes to be paid by Party A due to changes in government policies, Both Parties shall decide on new methods for distribution by entering into a supplemental agreement in writing. The formula for calculating distributable income is as follows: Distributable income = Service income - Payable Turnover Taxes — Expenses incurred by Party A for provision of its services - Profits retained by Party A 2 Profits retained by Party A: Both Parties agree to calculate the profits retained by Party A according to the following formula: Profits retained by Party A = 5% of total amount of the actual expenses incurred by Party A for provision of its services ( exclusive of the portion of expenses distributed to Party B and any other partner of the NetEase group ) and payable turnover taxes (such as business tax, etc.) 3 The formula for calculating income distributable to Party B is as follows: Due distribution to Party B = Distributable income X [Expenses of Party B/ (Expenses of Party B + Expenses of any other partner of the NetEase group)] 4 The formula for calculating income distributable to any other partner of the NetEase group is as follows: Due distribution to any other partner of the NetEase group = Distributable income × [Expenses of any other partner of the NetEase group / (Expenses of Party B + Expenses of any other partner of the NetEase group)]
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Related to Distribution of Service Income and Methods of Payment

  • Distribution of Payments On and after the Effective Date, the Agent shall make all payments under the Loan Documents in respect of each Assigned Interest (a) in the case of amounts accrued to but excluding the Effective Date, to Assignor and (b) otherwise, to Assignee.

  • Termination of Payment Fund Any portion of the Payment Fund (including any interest received with respect thereto) that remains undistributed to the holders of Common Shares for one year after the Effective Time shall be delivered to Parent (or its designee), and any holder of Common Shares who has not theretofore complied with this Article II shall thereafter look only to Parent (subject to abandoned property, escheat or other similar Laws) for payment of its claim for Merger Consideration without any interest thereon.

  • In-Service Distributions [X] (1) In-service distributions may be made from any of the Participant's vested Accounts, at any time upon or after the occurrence of the following events (select all applicable): [X] (a) a Participant's attainment of age 59-1/2. [X] (b) due to hardships as defined in Section 5.9 of the Plan. [ ] (2) In-service distributions are not permitted.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • Qualified Matching Contributions If selected below, the Employer may make Qualified Matching Contributions for each Plan Year (select all those applicable):

  • Death After Separation from Service But Before Benefit Distributions Commence If the Executive is entitled to benefit distributions under this Agreement, but dies prior to the commencement of said benefit distributions, the Bank shall distribute to the Beneficiary the same benefits that the Executive was entitled to prior to death except that the benefit distributions shall commence within thirty (30) days following receipt by the Bank of the Executive’s death certificate.

  • Time and Method of Payment (Amounts Distributed by the Administrative Agent). Except as otherwise provided in Section 4.02, all amounts payable to any Funding Agent or Investor hereunder or with respect to the Series 2019-1 Class A-1 Advance Notes shall be made to the Administrative Agent for the benefit of the applicable Person, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. The Administrative Agent will promptly, and in any event by 5:00 p.m. (Eastern time) on the same Business Day as its receipt or deemed receipt of the same, distribute to the applicable Funding Agent for the benefit of the applicable Person, or upon the order of the applicable Funding Agent for the benefit of the applicable Person, its pro rata share (or other applicable share as provided herein) of such payment by wire transfer in like funds as received. Except as otherwise provided in Section 2.07 and Section 4.02, all amounts payable to the Swingline Lender or the L/C Provider hereunder or with respect to the Swingline Loans and L/C Obligations shall be made to or upon the order of the Swingline Lender or the L/C Provider, respectively, by wire transfer of immediately available funds in Dollars not later than 3:00 p.m. (Eastern time) on the date due. Any funds received after that time on such date will be deemed to have been received on the next Business Day. The Master Issuer’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Master Issuer to the Administrative Agent as provided herein or by the Trustee or Paying Agent in accordance with Section 4.02, whether or not such funds are properly applied by the Administrative Agent or by the Trustee or Paying Agent. The Administrative Agent’s obligations hereunder in respect of any amounts payable to any Investor shall be discharged to the extent funds are disbursed by the Administrative Agent to the applicable Funding Agent as provided herein whether or not such funds are properly applied by such Funding Agent.

  • Allocation of Payments The Assignor and the Assignee agree that (i) the Assignor shall be entitled to any payments of principal with respect to the Assigned Interest made prior to the Assignment Date, together with any interest and fees with respect to the Assigned Interest accrued prior to the Assignment Date, (ii) the Assignee shall be entitled to any payments of principal with respect to the Assigned Interest made from and after the Assignment Date, together with any and all interest and fees with respect to the Assigned Interest accruing from and after the Assignment Date, and (iii) the Agent is authorized and instructed to allocate payments received by it for account of the Assignor and the Assignee as provided in the foregoing clauses. Each party hereto agrees that it will hold any interest, fees or other amounts that it may receive to which the other party hereto shall be entitled pursuant to the preceding sentence for account of such other party and pay, in like money and funds, any such amounts that it may receive to such other party promptly upon receipt.

  • Deferral of Payments The Executive shall have the right to elect to defer the Post-Change in Control Severance Payment to be received by the Executive pursuant to this Section 6 under the terms and conditions of the Deferred Compensation Plan. Any such deferral election shall be made in accordance with Section 18(b) hereof.

  • Deferred Compensation Account All Participant Deferral Credits and Employer Credits shall be credited to the Deferred Compensation Account of the Participant as provided in Section 8.

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