Profit Distribution. The net profits of the joint investment pool shall be distributed amongst the shareholders and the depositors according to their respective weightages in the invested funds. The Bank, as (Mudarib), shall be entitled to 90% of the realized net profit of the depositors’ share of Mudaraba profit (or as amended from time-to-time subject to 90 days prior notice to the depositors).
Profit Distribution. (a) After paying taxes in accordance with the law and making contributions to the Three Funds, the remaining earnings of the Company shall be available for dividend distribution to the Parties. The General Manager shall recommend a dividend distribution plan to the Board of Directors within the first three (3) months following the end of each fiscal year of the Company for the Board’s consideration and approval or modification. In his or her recommendation, the General Manager shall consider that the Company has sufficient funds on hand to pay the dividends and meet its approved capital expenditure budget and working capital requirement for the current budget year. The Company shall not distribute dividends unless the losses of previous fiscal year(s) have been fully made up. Remaining undistributed dividend from previous years may be distributed together with that of the current year and the Board of Directors may authorize the payment of dividends from undistributed dividends from previous years at any time.
Profit Distribution. The parties agree that the profits of the Target Company, after deduction of the statutory distribution amount, shall be used by the Target Company for reinvestment or other purposes beneficial to the business and operation of the Target Company or distributed to each shareholder in proportion to the shares held by each shareholder as dividends in accordance with the resolutions of the Shareholders.
Profit Distribution. 13.6.1 After the Company has paid the enterprise income tax, the Board will determine the amount of the reserve fund, enterprise development fund and employee rewards and welfare fund (if applicable) withdrawn from the net profit after tax. The sum of these funds withdrawn annually shall be determined by the Board.
Profit Distribution. If Huayong makes distribution of the undistributed profit over the years, Transferee can be allocated according to the equity ratio held by it.
Profit Distribution. (1) The Issuer executes the dividend payment independently from the BEX Issuer Account in accordance with the Bylaws. BEX will support the Issuer with the dividend payment
Profit Distribution. (a) After paying taxes in accordance with the law, making up losses and making contributions to the statutory common reserve, the remaining earnings of the Company shall be available for dividend distribution to the Parties. The Parties hereby agree that as long as the Company has eighteen (18) months of working capital reserved that the Company shall distribute to the Parties the profits in that fiscal year above the amount required to maintain eighteen (18) months of working capital. Distributable profits shall be distributed to the Parties within thirty (30) days of a Board resolution stipulating the distribution of such distributable profits to the Parties. Each Party shall procure that its Directors shall vote in favour of a resolution of any Board member proposing the distribution of the profits as outlined in this paragraph to the Parties. Such profits shall be distributed to a Party according to such Party’s proportion of its paid-in registered capital at the time such profits were earned.
Profit Distribution. (a) In each Financial Year, the JV Company shall set aside an amount as determined by the Board from its distributable after-tax profits for allocation to the funds required by PRC Laws. The funds shall be used in accordance with PRC Laws.
Profit Distribution. 1. Party A shall charge at 0.10 yuan per message to the communication fees arising from Party A’s cell phone subscriber using the SMS service provided in this agreement. In principle, Party B shall decide the information service fees arising from subscriber’s use of the services hereunder, and submit to China Mobile for approval. Party A propose a price cap (price cap for entry payment shall be 2 yuan per message, and price cap for monthly payment shall be 30 yuan per month). Party B shall submit the specific price that is standard to the authority in charge of pricing, and timely notify Party A of the relevant charging standard.
Profit Distribution. 17.1 The Company shall distribute its profit in accordance with the following priority sequence, after paying the income tax required by the PRC Enterprise Income Tax Law and its implementing rules as well as other applicable Law:
