Profit Agreement definition

Profit Agreement means that certain Profit Sharing Agreement, dated as of the date Annex 1-2 hereof, by and between GECM and Obligor, as may be amended, restated supplemented or otherwise modified in accordance with the terms hereof.
Sample 1Sample 2
Profit Agreement means an agreement among the Original Rights Holder, Cannasoft, BYND and the Acquiror (or the Resulting Issuer, as applicable) which provides inter alia that any and all economic benefits derived from the assets held by Cannasoft from time to time, including without limitation, the Israeli Cannabis Licensing Rights, shall accrue to and be for the benefit of BYND;
Sample 1Sample 2
Profit Agreement means that certain Profit Sharing Agreement, dated as of the date hereof, by and between GECM and Obligor, as may be amended, restated supplemented or otherwise modified in accordance with the terms hereof.
Sample 1Sample 2

Examples of Profit Agreement in a sentence

  • The aim of the Gross Profit Agreement is to ensure that the distribution of pharmaceuticals is achieved at a moderate socio-economic cost and that the pharmacies achieve a satisfactory operational economic result.41According to the agreement, there is a maximum on the total gross profit that the pharmacies as a sector can earn per year.

  • The recoverable amount of Hoi Long Profit Agreement is determined based on value-in-use calculations by reference to the valuation report issued by Ascent Partners Valuation Services Limited, an independent qualified professional valuer.

  • Hou Wan Profit Agreement was terminated with effect on 30 August 2017 and the carrying amount of such profit agreement was the total rolling income for two months ended 30 August 2017 of approximately HK$10,338,000.

  • As a consequence of the Gross Profit Agreement, when some pharmacies sell more non- pharmacy restricted OTC medicines or non-pharmaceutical products, all pharmacies earn less money on selling prescribed medicines and pharmacy restricted OTC medicines.

  • As mentioned earlier, all pharmacies in Denmark are included in the Gross Profit Agreement, which covers the sale of all pharmaceuticals, sale of non-pharmaceutical products and other services provided by the pharmacies.

  • During the year ended 31 March 2009, Second Convertible Bond, Third Convertible Bond and Fourth Convertible Bond were partially cancelled in relation to the compensation regarding to the profit guarantee of the Dore Profit Agreement and the Nove Profit Agreement.

  • During the year ended 31 March 2009, part of Third Convertible Bond with a principal amount of $108,750,000 was early redeemed, and part of Third Convertible Bond with a principal amount of approximately $161,250,000 was cancelled due to shortfall in profit guarantee of the Nove Profit Agreement.

  • During the year ended 31 March 2009, part of Fourth Convertible Bond with a principal amount of approximately $40,881,000 was cancelled due to shortfall in profit guarantee of the Nove Profit Agreement.

  • The main asset of Worth Perfect is the Sat Ieng Profit Agreement and the Dore Profit Agreement.

  • Pursuant to the Joli Profit Agreement 3, Mr. Sin Chun Shing has irrevocably and unconditionally guaranteed to Pacific Force that (i) the profit for the period from 1 September 2008 to 31 August 2009 (“Joli 3 Guarantee Period”) shall not be less than HK$48,000,000.


More Definitions of Profit Agreement

Profit Agreement means an agreement among the Original Rights Holder, Cannasoft, BYND and the Acquiror (or the Resulting Issuer, as applicable) which provides inter alia that any and all economic benefits derived from the assets held by Cannasoft from time to time, including without limitation, the Israeli Cannabis Licensing Rights, shall accrue to and be for the benefit of BYND; (ccc) “Regulatory and Third Party Approvals” means all third party approvals required to be obtained prior to Closing for all of the transactions contemplated herein, including without limitation, all required approvals of the Exchange; (ddd) “Resulting Issuer” means the corporation resulting from the Amalgamation Transaction; (eee) “Resulting Issuer Consideration Shares” means the Resulting Issuer Shares to be issued by the Resulting Issuer to the BYND Shareholders in exchange for the BYND Shares in connection with the Share Exchange Transaction;(fff) “Resulting Issuer Option Plan” means the stock option plan to be adopted by the Acquiror prior to the Time of Closing in such form as BYND and the Acquiror shall agree, acting reasonably; (ggg) “Resulting Issuer Shares” means the common shares in the capital of the Resulting Issuer; (hhh) “Securities Act” means the Securities Act (British Columbia), as amended and restated from time to time; (iii) “Share Exchange Transaction” means the share exchange transaction described in Section 2.2(a); (jjj) “Tax Act” means the Income Tax Act (Canada), as amended and restated from time to time;(kkk) “Time of Closing” means 11:00 a.m. (Vancouver, B.C. local time) on the Closing Date or such other time upon which Acquiror, BYND and the BYND Shareholders mutually agree; (lll)
Sample 1

Related to Profit Agreement

  • Incentive agreement means the contract between the business

  • Enterprise Agreement means an agreement certified under the Workplace Relations Act 1996 (Cth) or approved under the Industrial Relations Act 1996 (NSW).

  • Retention Agreements has the meaning set forth in Section 5.11(e).

  • Distribution Agreements means the Amended and Restated Distribution and License Agreements dated as of November 30, 1992 between Bollore and North Atlantic Operating Corporation, Inc., a Delaware corporation and subsidiary of Turning Point, relating to (i) the United States and (ii) Canada, each as amended by a Restated Amendment dated June 25, 1997 and Amendments dated respectively October 22, 1997, October 7, 1999, October 20, 1999, June 19, 2002, February 28, 2005 and April 20, 2006, and the License and Distribution Agreement, dated March 19, 2013, between Bollore and North Atlantic Operating Corporation, Inc., in each case as so amended and as may hereafter be amended, modified or superseded, and any other related agreements between or among such parties.

  • Consulting Agreements means the consulting agreements to be entered into between the Purchaser (or an Affiliate thereof) and each of Xxxx X. Xxxxxx and Xxxx Xxxxxxxx Xxxxxxx, in a form acceptable to the Parties, acting reasonably;

  • Deferred Compensation Agreement means an agreement to participate and to defer compensation between a Participant and the Company in such form and consistent with terms of the Plan as the Company may prescribe from time to time.

  • Software Agreement means the agreements on the license and support of standard software.

  • Stock Unit Agreement means the agreement between the Company and the recipient of a Stock Unit which contains the terms, conditions and restrictions pertaining to such Stock Unit.

  • Operating Agreement means the agreement, whether or not referred to as an operating agreement and whether oral, in a record, implied, or in any combination thereof, of all the members of a limited liability company, including a sole member, concerning the matters described in section 489.110, subsection 1. The term includes the agreement as amended or restated.

  • Expense Agreement means the Agreement as to Expenses and Liabilities between the Depositor and the Trust, substantially in the form attached as Exhibit D, as amended from time to time.

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • Joint Venture Agreements means, collectively any agreement which establishes a Joint Venture and any governing documents related thereto.

  • Corporate Services Agreement means the corporate services agreement dated on or about the Closing Date between the Issuer and the Corporate Services Provider, together with any agreement for the time being in force amending or supplementing such agreement.

  • OP Agreement means the agreement of limited partnership of ATA Holdings, as amended and in effect from time to time.

  • Parent Agreement has the meaning given to it in Clause 12;

  • Joint Venture Agreement has the meaning set forth in the Recitals.

  • Co-operation Agreement means the agreement between the Exchange and Oslo Børs with regards to the access to the Linked Order Book;

  • VIE Agreements means the Exclusive Service Agreement, the Exclusive Call Option Agreement, the Shareholder Voting Rights Proxy Agreement and the Equity Pledge Agreement entered into by and among some or all of the Parties hereto on the same day this agreement is entered, including any supplemental agreements or amendments to such agreements, and any other agreements, contracts or legal documents executed or issued by one or more Parties and/or Party C’s affiliated enterprises from time to time to ensure the performance of the aforesaid agreements, signed or accepted by Party A in writing.

  • Transition Agreement has the meaning set forth in Section 12.8.1.

  • Sponsorship Agreement means a document that estab- lishes an advanced licensee as a sponsor for a basic licensee.

  • Employment Agreements shall have the meaning provided in Section 5.05.

  • Alliance Agreement has the meaning given to such term in paragraph 11.2 of Schedule 13 (Information and Industry Initiatives);

  • Joint Development Agreement has the meaning provided in Section 5.3.

  • Divestiture Agreement means any agreement between Respondents and an Acquirer (or a Divestiture Trustee appointed pursuant to Paragraph III of this Order and an Acquirer) and all amendments, exhibits, attachments, agreements, and schedules thereto, related to any of the Assets To Be Divested that have been approved by the Commission to accomplish the requirements of this Order. The term “Divestiture Agreement” includes, as appropriate, the Associated Food Stores Divestiture Agreement, the AWG Divestiture Agreement, the Haggen Divestiture Agreement, and the Supervalu Divestiture Agreement.

  • Foundation Agreement means the agreement dated the 20th February 1985 made between the Trustee, the Manager, Xxxxxxxx, Genting WA and Tileska providing for the subscription of Units and Options;

  • Shared Services Agreement means an agreement entered into between two or more municipalities, including the District Municipality, whereby the participating municipalities agree to share services described in the agreement;