Profit Share Program Clause Samples

Profit Share Program. The Perth East Recreation Complex is fully licensed under the Alcohol and Gaming Commission of Ontario (AGCO). If the applicant chooses to have the event licensed, the Complex shall provide the entire bar requirements. In turn, the applicant will receive 25 % of gross bar profits, before HST. If the gross bar receipts are less than $250 there will be no profit share issued.
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Profit Share Program. Based on the successful proponent’s annual Net Revenue, a 10% profit share will be payable to the City for each year of the lease agreement.
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Profit Share Program. Notwithstanding anything in this Agreement or the Fund Documentation to the contrary, the Company and its Subsidiaries shall make or cause to be made payments (including the employer’s portion of any associated payroll social security, unemployment or similar Taxes) to the employees of the Company and its Subsidiaries in accordance with the Profit Share Program (other than any Profit Share Program in respect of Fund VII, which shall be Buyer’s responsibility) by reducing the amount of Promote otherwise payable by each Fund other than Fund VII, if any, by the aggregate amount of any payments due in respect of any such Profit Share Program, and the Sellers shall use commercially reasonable efforts to take all actions necessary to effect such payments of the applicable portion of such Promotes in accordance with such Profit Share Program. After the Closing Date, any Profit Share Program payments made in respect of Fund VII assets will be at Buyer’s sole discretion, cost and expense and Sellers shall bear no responsibility therefor.
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Related to Profit Share Program

  • Directed Share Program The Company will comply with all applicable securities and other laws, rules and regulations in each jurisdiction in which the Directed Shares are offered in connection with the Directed Share Program.

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Profit Sharing Plan Under the Northrim BanCorp, Inc. Profit Sharing Plan (the “Plan”), Executive shall be eligible to receive an annual profit share based on performance as defined by the Board of Directors. Executive will be classified in the Executive tier under the Plan’s Responsibility Factors. If Employer is required to prepare an accounting restatement due to “material noncompliance of the Employer,” the Employer will recover from the Executive any incentive compensation during the three (3) years prior to the date of the restatement, in excess of what would have been paid under the restatement. Executive’s signature on this Agreement authorizes Employer to offset or deduct from any compensation Employer may owe Executive, any excess payments (in whole or in part) that Executive may owe Employer due to such restatement(s).

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.