Sharing of Net Income Sample Clauses

Sharing of Net Income. All “Net Income” shall be shared by the Creator and the University as follows: • Of the first $50,000 of net income: 50% shall be distributed to the Creator and 50% shall be distributed to the University. • Of the next $200,000 of net income: 45% shall be distributed to the Creator, 45% shall be distributed to the University, 5% shall be distributed to the Creator’s originating college(s), and 5% shall be distributed to the Creator’s originating unit(s). • Of the next $250,000 of net income: 40% shall be distributed to the Creator, 45% shall be distributed to the University, 7.5% shall be distributed to the Creator’s originating college(s), and 7.5% shall be distributed to the Creator’s originating unit(s). • Of net income in excess of $500,000: 35% shall be distributed to the Creator, 50% shall be distributed to the University, 7.5% shall be distributed to the Creator’s originating college(s), and 7.5% shall be distributed to the Creator’s originating unit(s). • Multiple Creators shall share equally in Creator’s share of income unless there is a written agreement to the contrary among them. • Colleges and units receiving “Net income” are encouraged to utilize it so as to benefit Creator’s research and academic programs.
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Sharing of Net Income. All “Net Income” shall be shared by the Creator and the University as follows:
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Sharing of Net Income. 4.1 The Inventor acknowledges and agrees that Net Income to be paid by the University to the Inventor shall be distributed as follows:    % The University of Manitoba 50% 4.2 Payments to the Inventor will be made by the University periodically in accordance with its current policy and practice. 4.3 Payments will be made in Canadian funds or equivalent. Net Income received in other than Canadian funds will be recorded at the rate of exchange in effect at the date of receipt. 4.4 In the event that a party other than the Inventor claims any right, interest, title, or ownership in the Technology, the Inventor agrees that the proven or verified rights or interest of any such party shall be accommodated out of the Inventor’s share in Section 4.1. 4.5 Unclaimed shares of Net Revenue, after two (2) years, shall accrue to the University Endowment Fund.
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Related to Sharing of Net Income

  • Allocation of Net Income and Net Loss Net Income or Net Loss of the Partnership shall be determined as of the end of each calendar year and as of the end of any interim period extending through the day immediately preceding any (i) disproportionate Capital Contribution, (ii) disproportionate distribution, (iii) Transfer of a Partnership Interest in accordance with the terms of this Agreement, or (iv) Withdrawal Event. If a calendar year includes an interim period, the determination of Net Income or Net Loss for the period extending through the last day of the calendar year shall include only that period of less than twelve (12) months occurring from the day immediately following the last day of the latest interim period during the calendar year and extending through the last day of the calendar year. For all purposes, including income tax purposes, Net Income, if any, of the Partnership for each calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period. In the event of a Net Loss for a particular calendar year or interim period, then, for such calendar year or interim period, the Net Loss for such calendar year or interim period shall be allocated among the Partners in proportion to their respective Partnership Percentages for the calendar year or interim period.

  • Allocation of Net Profits and Net Losses As of the last day of each Fiscal Period, any Net Profits or Net Losses for the Fiscal Period shall be allocated among and credited to or debited against the Capital Accounts of the Members in accordance with their respective Investment Percentages for such Fiscal Period.

  • Allocations of Net Income and Net Loss Except as otherwise provided in this Agreement, after giving effect to the special allocations in subparagraph 1(c) and paragraph 2, Net Income, Net Loss and, to the extent necessary, individual items of income, gain, loss or deduction, of the Partnership for each fiscal year or other applicable period of the Partnership shall be allocated among the General Partner and Limited Partners in accordance with their respective Percentage Interests.

  • Allocations of Net Profits and Net Losses Except as otherwise set forth herein, Net Profits and Net Losses shall be allocated for each Fiscal Year to the Members in proportion to their respective Capital Accounts.

  • Allocation of Profits Profits for any Year shall be allocated in the following order and priority: (i) First, to any Partner who was allocated Losses after the Capital Account of any other Partner was reduced to zero (0), to the extent of such Losses; provided, however, that in the event that the foregoing applies to more than one Partner, to those Partners pro rata according to the amount of such Losses allocated to each; and (ii) Second, to the Partners in accordance with their relative Percentage Interests.

  • Allocation of Profits and Losses The Company’s profits and losses shall be allocated to the Member.

  • Net Income and Net Loss All net income or net loss of the Company shall be for the account of the Member.

  • Sharing of Earnings The Borrower shall procure that no Owner shall: (a) enter into any agreement or arrangement for the sharing of any Earnings; (b) enter into any agreement or arrangement for the postponement of any date on which any Earnings are due; the reduction of the amount of any Earnings or otherwise for the release or adverse alteration of any right of that Owner to any Earnings; or (c) enter into any agreement or arrangement for the release of, or adverse alteration to, any guarantee or Security Interest relating to any Earnings.

  • Sharing of Overtime Overtime work shall be allocated equitably to qualified employees considering their availability and location.

  • Profits/Losses For financial accounting and tax purposes, the Company's net profits or net losses shall be determined on an annual basis and shall be allocated to the Members in proportion to each Member's relative capital interest in the Company as set forth in Schedule 2 as amended from time to time in accordance with U.S. Department of the Treasury Regulation 1.704-1.

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