Retained Profits Clause Samples
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Retained Profits. Retain all profits net of distributions made for the purpose of compensating shareholders for income taxes paid resutling from Borrower's status as a subchapter S corporation.
Retained Profits. Borrower shall retain not less than 50% of its Combined Net Income for each fiscal year.
Retained Profits. In case the Founding Shareholder fails to effectively transfer the immediately available funds to the bank account provided by the Investor’s Indemnified Party within the period set forth in Section 5.3 above, upon the Investor’s Indemnified Party’s request, at their sole discretion, the indemnification payment obligation shall be immediately and automatically replaced by withholding from any remaining payments under section 2.3 or from the portion of the future profits payable to the Foundation Shareholder by the Company to the limit of the indemnification payment, followed by transfer to the Investor the amount to which its entitled.