Income Share definition

Income Share means the percentage derived from a comparison of each parent's annual income after allowable deductions and credits as indicated on the worksheet to the total annual income of both parents.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Income Share means the fixed percentage of your Earned Income that you will owe during the Payment Term in return for the funding you receive. The Income Share is not an interest rate or annual percentage rate.

Income Share means a type of Share where the income earned by the Fund is paid out to you

Examples of Income Share in a sentence

• The Participation Disclosure above sets forth your ISA Amount, Income Share, Maximum Number of Payments, and Payment Cap, which terms will also be reflected in your Final Disclosure.

• Your monthly payment will be your Income Share multiplied by the amount of your monthly Earned Income.

• If you move out of the United States during your Payment Term, you agree to continue to report Earned Income and to continue paying your Income Share of Qualified Monthly Earned Income.

• If the auditor finds overpayment by Licensee, then Licensee shall have the right to deduct the overpayment from any future Milestones, Royalties or Penn Sublicense Income Share due to Penn by Licensee or, if no such future Milestones, Royalties or Penn Sublicense Income Share are payable, then Penn shall refund the overpayment to Licensee within [***] days after Penn receives the audit report.

• Should the auditor find any underpayment of Milestones, Royalties or Penn Sublicense Income Share by Licensee, Licensee shall (a) promptly pay Penn the amount of such underpayment; and (b) reimburse Penn for the cost of the audit, if such underpayment equals or exceeds [***] of the total Milestones, Royalties and Penn Sublicense Income Share paid during the time period audited.

More Definitions of Income Share

Income Share means a Share where the income of a Fund is distributed to a Shareholder.

Income Share refers to a fixed percentage of your Qualified Monthly Earned Income that you will owe to the Company each Month during the Payment Term, subject to your Qualified Monthly Earned Income being greater than or equal to the Minimum Income Threshold. Your Income Share under this Agreement is 10.00%.

Income Share means an allocation of the Limited Partner’s proportionate share of the income or loss of the Limited Partnership, subject to certain adjustments which may be made by the General Partner to ensure a fair allocation of income and expenses on a cumulative, proportionate basis;

Income Share means a Share issued in accordance with Clause 12;

Income Share means the allocation to a Limited Partner of a share of the income or loss of the Limited Partnership which shall be his, her or its Proportionate Share thereof subject to adjustments made to allocate revenue and expenses on a daily incremental basis from the date the LP Units are issued and to fairly allocate expenses on a cumulative, proportionate basis;

Income Share means an income share within the meaning of the Māori Fisheries Act 2004 that is allocated and transferred to the Fisheries Asset Holding Company on behalf of Ngāti Mutunga by Te Ohu Kai Moana Trustee Limited;

Income Share means a Class of Share which distributes its income;