Common use of Level of Payout Clause in Contracts

Level of Payout. The Company agrees that it will create a profit sharing pool (the Pool) consisting of 7.5% of the Company's Quarterly Profits, as defined below, and to distribute the Pool within forty-five (45) days of the end of each fiscal quarter, in the manner described below. The fourth (4th) quarter payment will be distributed within fifteen (15) days following the date of the auditor's opinion of the Company's annual audited financial statements, which may include an adjustment for the correction of errors in prior quarters.

Level of Payout. The Company agrees that it will create a profit sharing pool (the Pool) Pool consisting of 7.5% a percentage of the Company's Quarterly Profits’s contribution, as defined below, and to distribute the Pool within forty-five (45) days of the end of each fiscal quarter, in the manner described below. The fourth (4th) quarter payment will be distributed within fifteen (15) 15 days following the date of the auditor's opinion public release of the Company's ’s annual audited financial statements, which may include an adjustment for the correction of errors in prior quarters.

Level of Payout. The Company agrees that it will create a profit sharing pool (the Pool) Pool consisting of 7.5% a percentage of the Company's Quarterly Profits’s contribution, as defined below, and to distribute the Pool within forty-five (45) days of the end of each fiscal quarter, in the manner described below. The fourth (4th) quarter payment will be distributed within fifteen (15) 15 days following the date of the auditor's ’s opinion of the Company's ’s annual audited financial statements, which may include an adjustment for the correction of errors in prior quarters.