Transfer of profit. (1) The subsidiary is obliged to transfer its entire profits to Deutsche Telekom AG during the term of the agreement. In corresponding application of § 301 AktG, the profit is deemed to be the net income, reduced by any loss carried forward from the previous year, that would have occurred under the relevant commercial law without the profit transfer.
Appears in 9 contracts
Samples: Control And, www.telekom.com, www.telekom.com