No profit sharing Clause Samples
The No Profit Sharing clause establishes that the parties to the agreement will not share profits generated from their activities or collaboration. In practice, this means that each party retains any profits it earns independently, and there is no obligation to distribute or allocate profits between the parties, regardless of the financial outcomes of the relationship. This clause is commonly used to clarify that the arrangement is not a partnership or joint venture, thereby preventing misunderstandings or disputes over entitlement to shared earnings.
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No profit sharing. No Company Group Member is party to any agreement, arrangement or understanding where it is or will be bound to share profits or waive or abandon any rights.
No profit sharing. The Bulls shall not be required to share Operating Profit, if any, with the City. Section 10.6 of the DAP Operating Agreement shall be null and void as of the Effective Date.
No profit sharing. The Company is not and will not prior to Completion become a party to any agreement with any director, officer, employee or consultant of the Company under which any such person is entitled to a share of profits of the Company or to any bonus calculated on profits or to participate in any share incentive scheme or share option scheme or similar arrangement. No pensions, retiring allowances or other benefits are or will be payable by the Company to any director, officer or employee of the Company during such person's employment or consultancy.
No profit sharing. From the date hereof to the expiration or termination of the Charter Term, Deepwater shall not enter into any partnership, profit-sharing or royalty arrangement or other similar arrangement whereby Deepwater's income or profits are, or might be, shared with any other Person, or enter into any management contract or similar arrangement whereby its business or operations are managed by any other Person, in each case other than as provided in the Transaction Documents, the Head Lease Documents, the LLC Agreement, the Drilling Contracts, the Rig Sharing Agreement, the Services Agreements or any other agreement incidental to the performance of its obligations under the Transaction Documents; provided that, notwithstanding the foregoing, this Section 6.1(b) shall not prohibit profit-sharing arrangements made pursuant to a Plan maintained by Deepwater in accordance with Section 6.1(o).
No profit sharing. C2 Blockchain is not entitled to dividends, revenue-sharing, or any percentage of company profits. • Any profit distributions shall be determined solely by CoinEdge and allocated at its discretion.
No profit sharing. From the date hereof to the expiration or ------------------ termination of the Charter Term, Deepwater shall not enter into any partnership, profit-sharing or royalty arrangement or other similar arrangement whereby Deepwater's income or profits are, or might be, shared with any other Person, or enter into any management contract or similar arrangement whereby its business or operations are managed by any other Person, in each case other than as provided in the Transaction Documents, the Head Lease Documents, the LLC Agreement, the Drilling Contracts, the Rig Sharing Agreement, the Services Agreements or any other agreement incidental to the performance of its obligations under the Transaction Documents; provided that, notwithstanding the -------- ---- foregoing, this Section 6.1(b) shall not prohibit profit-sharing arrangements --------------- made pursuant to a Plan maintained by Deepwater in accordance with Section ------- 6.1(o). ------