Profit Sharing Agreement Sample Clauses

Profit Sharing Agreement. The employees covered by this Agreement will participate with other employees of this Division in a Profit Sharing Scheme. Under this Scheme 30% of the pre-tax annual profit of the Division will be distributed amongst eligible employees (excluding apprentices). Refer to Schedule B for eligibility and other details.
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Profit Sharing Agreement. Concurrently with any delivery of any financial statements under Section 5.01(a) or (b), an officer’s certificate from a Responsible Officer of the Borrower setting forth computations, in reasonable detail, demonstrating the calculation of the estimated or, if then-determinable, actual Profit Share (as defined in the Profit Sharing Agreement) not yet paid constituting Excluded Collateral pursuant to clause (xvi) of the definition thereof. The Borrower and each Lender acknowledge that certain of the Lenders may be Public Lenders and, if documents or notices required to be delivered pursuant to this Section 5.01 or otherwise are being distributed through a Platform, any document or notice that Holdings or the Borrower has indicated contains Material Non-Public Information shall not be posted on that portion of the Platform designated for such Public Lenders. Holdings and the Borrower agree to clearly designate all information provided to the Administrative Agent by or on behalf of the Borrower which is suitable to make available to Public Lenders. If Holdings or the Borrower has not indicated whether a document or notice delivered pursuant to this Section 5.01 contains Material Non-Public Information, the Administrative Agent reserves the right to post such document or notice solely on that portion of the Platform designated for Lenders who wish to receive Material Non-Public Information with respect to Holdings, the Borrower, their Subsidiaries and their securities.
Profit Sharing Agreement. This Profit Sharing Agreement (shall be referred as "Agreement" hereinafter) is made and entered into the date of the last signature below, by and between the parties defined below; ________________ ___________________________
Profit Sharing Agreement. 2.1 If in respect of any accounting period following the date hereof in which the Company shall have profits available for the payment of dividends and does pay such dividend therefrom the Company shall procure that in the absence of agreement to the contrary a distribution shall be made to each of Consolidated and Sage or to their nominees equal to the following: 202,500 X THE DIVIDEND PER SHARE DECLARED AND PAID 2.2 The profit sharing shall be paid by the Company to each of Consolidated and Sage concurrently with the payment of dividends. 2.3 The duration of this profit sharing agreement shall be for so long as the Company remain in business as a going concern. 2.4 The factor of 202,500 specified in Clause 3.1 shall at all times be equal to the lesser of (i) 202,500, and (ii) 202,500 multiplied by the total number of issued and fully paid shares and divided by 1,230,000 (being the total number of shares in issue at the date hereof.
Profit Sharing AgreementPursuant to Section 10.7 of the Profit-Sharing Agreement, the Parties hereby acknowledge and agree that the Profit-Sharing Agreement will ​ ​ terminate upon termination of the Collaboration Agreement. The Parties shall cease to share the Development Costs, Royalty & Milestone Payments and Profit and Losses (as each term is defined in the Profit-Sharing Agreement) with respect to the LCA10 Products as of the Effective Date.
Profit Sharing Agreement. Seller and INSCORP shall have entered into a profit sharing agreement on terms mutually acceptable to Seller and INSCORP.
Profit Sharing Agreement. Sellers shall cause (i) the Domination and Profit and Loss Transfer Agreement between BTR Industries GmbH and Rexnord GmbH dated as of November 7, 2001 with Rexnord GmbH being the dependent company to be terminated on or prior to the Closing Date and (ii) all obligations of Rexnord GmbH under such agreement to be satisfied as of the Closing Date. Notwithstanding the provisions contained in Section 6.2 of this Agreement, the parties acknowledge and agree that Sellers shall be entitled to change the corporate year end of Rexnord GmbH to a date prior to the expected Closing Date and, subject to Purchaser's consent, which shall not be unreasonably withheld, to take such other actions as may be reasonably necessary to terminate such agreement.
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Profit Sharing AgreementThe Company is not a party or has not agreed to be a party to any agreement giving any third party any right to share in whole or in part in its profits.
Profit Sharing AgreementThe Lender shall have received fully executed originals of the Profit Sharing Agreement with the Borrower, the Parent and Investment Evolution Global Corporation, a Delaware corporation, and any related agreement required by the same.
Profit Sharing Agreement. The SHALA ENERGY shpk is neither a party nor has agreed to be a party to any agreement giving any third party any right to share in whole or in part in the profits of the CompanySHALA ENERGY shpk.
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