Dividend Income Clause Samples
The Dividend Income clause defines how income generated from dividends is treated under the agreement. It typically specifies whether dividend payments received from investments or shares are to be distributed to a particular party, retained within an account, or reinvested. For example, in a trust or investment management context, this clause clarifies if beneficiaries receive dividend payouts directly or if such income is accumulated. Its core function is to ensure clarity and prevent disputes regarding the allocation and handling of dividend-derived funds.
Dividend Income. (a) Subject to the terms and rules under which Units are issued, dividend income from Units will be reinvested in the same type of Units and will only be paid out to your Cash Account if specifically requested by you via the Manulife Website.
(b) You acknowledge that such reinvestment transactions will be subject to the handling arrangement as agreed between Manulife and the Funds. Manulife will effect the transaction as soon as practicable, however, the execution of such transaction may not coincide with the timeframe stipulated in the relevant Fund Offering Documents.
Dividend Income. All dividend notices including those where dividends have been reinvested, for dividend income received from within and outside New Zealand.
Dividend Income. Within the five (5) Business Days following each Dividend Date, the Trustee shall distribute to the Beneficiaries the Dividend Income received by the Trust, plus any Investment Income earned thereon, in the following order of priority:
(i) One percent (1%) to the LURC by deposit as provided in Section 3.02(b)(ii), and
(ii) The remaining Dividend Income, reduced by any Trust Expenses, to ELL.
Dividend Income. For purposes of determining the Separate Return Liability of each Group, the tax treatment of any dividend income received by a Group shall be consistent with the actual tax consequences in the Tax Returns of the USX Consolidated Group.
Dividend Income. Dividend income from financial assets is recognised as soon as a legal entitlement to receive payment arises. 136 F-28
Dividend Income. Dividend income is recognised when the right to receive payment is established. Valuation of our investment properties Investment property, principally comprising leasehold land and buildings, is held for long- term rental yields or for capital appreciation or both, and that is not occupied by the Group. It also includes properties that are being constructed or developed for future use as investment properties. Land held under operating leases are classified and accounted for as investment property when the rest of the definition of investment property is met. In such cases, the operating leases concerned are accounted for as if they were finance leases. Investment property that is being redeveloped for continuing use as investment properties, or for which the market has become less active, continues to be measured at fair value. After initial recognition, investment properties are carried at fair value, assessed annually by a professional independent valuer. Fair value is based on active market prices, adjusted, if necessary, for any difference in the nature, location or condition of the specific asset. If the information is not available, the group uses alternative valuation methods such as recent prices on less active markets or discounted cash flow projections. Changes in fair values are recorded in the income statement as part of a valuation gain or loss in ‘‘Fair value gains on investment properties’’. Property that is being constructed or developed as investment property is carried at fair value. Where fair value is not reliably determinable, such investment property under construction is measured at cost until either its fair value becomes reliably determinable or construction is completed (whichever is earlier). The fair value of investment property reflects, among other things, rental income from current leases and assumptions about rental income from future leases in light of current market condition. Subsequent expenditure is charged to the asset’s carrying amount only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of the item can be measured reliably. All other repairs and maintenance costs are expensed in the consolidated income statement during the financial period in which they are incurred. If an investment property becomes owner-occupied, it is reclassified as property, plant and equipment, and its fair value at the date of reclassification becomes its cost for accounting pur...
Dividend Income. Dividends paid by a German corporation to a Turkish investor are generally subject to German withholding tax in the amount of 26.375%. It is true that the Treaty provides for a reduced withholding tax rate of 5% if the Turkish recipient is a company which directly holds a participation of at least 25% in the German corporation and of 15 % in all other cases. Nevertheless, the German corporation (or, if the shares are publicly traded, a German paying agent) is generally required to impose withholding tax at a rate of 26.375%. The withholding tax reduction is rather granted by the German Federal Central Tax Office (Bundeszentralamt für Steuern) upon application in such a manner that the Turkish investor receives a corresponding refund by the German Federal Central Tax Office. Please note, however, that for Turkish investors who are not individuals, the application of the reduced withholding tax rate (and the corresponding refund) requires that the Turkish investor passes the qualified three-tier substance test as contained in section 50d 3) German Income Tax Act (Einkommensteuergesetz – EStG). This provision, which constitutes a treaty override, is intended to avoid a treaty shopping and basically requires the following: (i) there are economic or other significant reasons for interposing a Turkish entity; (ii) the business operations (Geschäftsbetrieb) of the Turkish investor are adequately equipped to perform its business purpose and (iii) the Turkish investor uses such operations to participate in the general economic market (Teilnahme am allgemeinen wirtschaklichen Verkehr).
Dividend Income. Under the Turkish tax regime, dividends paid to a non-resident corporation are subject to a 15% withholding tax, unless the rate is reduced under a tax treaty. The Treaty provides for a reduced withholding tax rate subject to certain conditions. If the Germany recipient is a corporation which directly holds a participation of at least 25% in the Turkish corporation, a withholding tax rate of 5% will be applied. In all other cases, the general 15% withholding tax will be applied.
Dividend Income. Each Seller hereby acknowledges that, for federal and state income tax purposes, any cash dividends earned or other distributions made with respect to the Shares during the term of this Agreement shall be income of and attributed to the Sellers and paid to the Sellers as earned, regardless of the ultimate disposition of the Shares to which they are attributable.