Accumulated Profits definition

Accumulated Profits means the accumulated net earnings or profits of the Employer.
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Accumulated Profits means the amounts lying to the credit of retained earnings , which have been built through undistributed profits and which form part of the reserves and surplus of the Company, as set forth in Clause 2.2 of this Scheme;
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Accumulated Profits means the undistributed profits of the Company as reflected in the accounts of the Company, which have been built over the years and which forms part of the reserves and surplus of the Company. The reserves and surplus of the Company includes the accumulated profits available in the General Reserve as well the balance in profit and loss accounts (retained earnings);
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Examples of Accumulated Profits in a sentence

  • Should the Company fail to have Accumulated Profits sufficient to make any such payment, such payments will be deferred until such as the Company has accumulated profits to make the payment.

  • The balance due in the amount of $150,000.00, which shall not bear interest, shall be due and payable as follows: February 1, 1999 $ 25,000.00 May 1, 1999 25,000.00 August 1, 1999 25,000.00 November 1, 1999 25,000.00 February 1, 2000 25,000.00 May 1, 2000 25,000.00 The February 1, 1999 and May 1, 1999 payments shall be made irregardless of the Company's Accumulated Profits.

  • The Accumulated Profits shall be generated from the ordinary course of business of the Group excluding any items in one-off, non-recurring and non-operating nature.

  • In addition, the Parties understand and agree that the distribution of the Accumulated Profits may not affect or impede the Company’s operations or affect the profits generated by the Company from January 2008 onward in any manner.

  • Distribution of the Accumulated Profits shall be completed within three years from the 2011 Closing Date or the Initial Equity Transfer Closing Date (whichever is earlier).

  • The remaining payments shall be made only to such extent as the Company has Accumulated Profits that exceed the amount of all cumulative payments made to the Employee pursuant to this paragraph including the February 1, 1999 and May 1, 1999 payments.

  • The Parties understand and agree that the amount of the Accumulated Profits shall not exceed RMB16.5 million and shall be adjusted in accordance with the amounts recorded in the final auditor’s report.

  • When Accumulated Profits, Losses and Reserves are to be retained in the Books:- If the partners of the firm decide that the existing balances of Profit and Loss Account or Reserve should continue to appear at the same amount in the Balance Sheet of the reconstituted firm, then an adjustment entry for the net effect of accumulated profits, losses and reserves is passed since they were earned in past.

  • The Accumulated Profits shall, after all taxes payable for 2007 and for the years preceding 2007 (if any) have been paid in full, be distributed in a manner that complies with PRC laws, which may take the form of a distribution of special dividends to the Existing Shareholders or other lawful form.


More Definitions of Accumulated Profits

Accumulated Profits means, in the case of an Employer which is a corporation, Profits originating in prior Fiscal Years which have been retained by the Employer.
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Accumulated Profits means the retained earnings of the Company as reported on its audited financial statements.
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