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PROFIT SHARES Sample Clauses

PROFIT SHARES. Solely for purposes of determining a Member’s proportionate share of the Company’s “excess nonrecourse liabilities,” as defined in Treasury Regulation Section 1.752-3(a), the Members’ interests in Company profits will be deemed to be in accordance with their Percentage Interests.
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PROFIT SHARES. Solely for purposes of determining an Interest Holder's proportionate share of the Partnership's "excess nonrecourse liabilities," as defined in Regulations Section 1.752-3(a), the Interest Holders' interests in Partnership profits shall be deemed to be in proportion to their respective shares of Profits set forth in Section 6.1.
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PROFIT SHARES. (1) By way of consideration for DPI’s performance of the Services DPI shall be entitled to a share in the profit of the Airport which shall be calculated in accordance with Schedule 2 (“DPI’s Profit Share”). (2) DPI shall procure that within 120 days of the end of each Operating Year, the Auditors shall certify DPI’s Profit Share and the Owner’s Profit Share. (3) DPI shall forthwith after production of the Auditors certificate of DPI’s Profit Share for each Operating Year: (a) be entitled to withdraw an amount up to 50 per cent of DPI’s Profit Share; and (b) retain the balance of DPI’s Profit Share on capital account (“DPI’s Capital Account”). (4) The Owner shall forthwith after production of the Auditors certificate of the Owner’s Profit Share for each Operating Year: (a) be entitled to withdraw an amount up to 50 per cent of the Owner’s Profit Share; and (b) retain the balance of the Owner’s Profit Share on capital account (“Owner’s Capital Account”). (5) DPI shall maintain separate records of DPI’s Capital Account and the Owner’s Capital Account. The amounts credited to DPI’s Capital Account and the Owner’s Capital Account shall, subject to Clauses 18(3) and (4), be used for working capital and investment purposes. (6) The level of payments to be made pursuant to Clauses 9(3) and (4) above may be amended by agreement of the parties from time to time.
Sample 1
PROFIT SHARES. 12 The profits of the partnership as shown by the accountants prepared as aforesaid shall be divided between the partners equally. PARTNERS’ 13 Each partner shall be entitled to draw a monthly DRAWINGS sum to be agreed by the partners from time to time which shall be brought into account in determining his share of the profits provided that: if any profit and loss account of the partnership shall show that in the period covered by the account any partner has drawn in excess of his share of the profits for that period such partner shall repay the excess forthwith and each partner shall be entitled to draw out of the partnership bank account the undrawn balance (if any) of his share of any profit and loss account shown therein.
Sample 1

Related to PROFIT SHARES

  • 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).

  • Company Stock (1) As of the date hereof, the authorized capital stock of the Company consists of 20,000,000 shares of Company Common Stock, of which no more than 12,574,572 shares are outstanding. As of the date hereof, under Company Stock Plans, no more than 446,000 shares of Company Common Stock are subject to Company Stock Options. The Company holds 29,200 shares of Company Common Stock as treasury shares. The outstanding shares of Company Common Stock have been duly authorized and are validly issued and outstanding, fully paid and nonassessable and are not subject to preemptive rights (and were not issued in violation of any preemptive rights). The shares of Company Common Stock issuable pursuant to Company Stock Plans and the Company Rights Agreement, as the case may be, have been duly authorized and, upon issuance, will be validly issued and outstanding, fully paid and nonassessable and not be subject to preemptive rights (and will not be issued in violation of any preemptive rights). The Company does not have any Rights issued or outstanding with respect to Company Stock and the Company does not have any commitment to authorize, issue or sell any Company Stock or Rights, except Company Stock Options issued and vesting on the date hereof and pursuant to the Company Rights Agreement, as Previously Disclosed. With respect to each Company Stock Option, the Company has Previously Disclosed the recipient, the date of grant, the number of shares of Company Common Stock and the exercise price. It has no commitment to redeem, repurchase or otherwise acquire, or to register with the SEC, any shares of Company Stock. It has no outstanding bonds, debentures, notes or other obligations, the holders of which have the right to vote (or which are convertible into or exercisable for securities having the right to vote) on any matter. (2) To its knowledge, there are no voting trusts, proxies, shareholder agreements or other agreements or understandings with respect to the voting of shares of Company Stock other than the Voting Agreements contemplated by Recital D hereto.

  • 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.

  • Profit Sharing Profit sharing, bonuses, or other similar compensation of any kind paid by CM/GC to its employees.

  • Common Shares 4 Company...................................................................................... 4

  • Incentive Compensation Plan In addition to receipt of Basic Compensation under the Employment Agreement, you shall participate in the Incentive Compensation Plan for Executive Officers of the Company (the “Compensation Plan”) and shall be eligible to receive incentive compensation under the Compensation Plan as may be awarded in accordance with its terms.

  • Investment Options You may direct the investment of your funds within this IRA into any investment instrument offered by or through the Custodian. The Custodian will not exercise any investment discretion regarding your IRA, as this is solely your responsibility. There are certain fees and charges connected with your IRA investments. These fees and charges may include the following. • Sales Commissions • Set Up Fees • Investment Management Fees • Annual Maintenance Fees • Distribution Fees • Surrender or Termination Fees To find out what fees apply, refer to the investment prospectus or contract. There may be certain fees and charges connected with the IRA itself. (Select and complete as applicable.) Annual Custodial Service Fee* $ No Charge Overnight Distribution $ 16.50 Wire Fee $ 12.50 Transfer Out Fee $ The greater of $100.00 or $25.00 per position Other (Explain) We reserve the right to change any of the above fees after notice to you, as provided in your IRA agreement. *The annual custodial fee will be borne by your Investment Advisor.

  • Shares The term “

  • Incentive Compensation Program In order to enhance consistency in sales efforts for products offered inside and outside of Covered California, Contractor shall consider information provided by Covered California regarding sales commissions in order to credit the Agent’s sale of QDPs through Covered California for Small Business to the Agent’s sale of Contractor’s policies outside Covered California for purposes of determining Agent’s aggregate sales that shall be used by Contractor to determine incentive or other compensation payable by Contractor to Agent. Contractor shall provide information as may reasonably be required by Covered California from time to time to monitor Contractor’s compliance with the requirements set forth in this section.

  • Equity Incentive Compensation Executive shall be eligible to receive annual equity awards based on the Company’s and Executive’s actual performance, as determined by the Board or the Compensation Committee. Each such equity award granted to Executive hereunder shall be subject to the terms and conditions of the incentive plan pursuant to which it is granted and such other terms and conditions as are established by the Board or Compensation Committee and set forth in an award agreement evidencing the grant of such equity award.

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