Profit Participation Payments definition

Profit Participation Payments has the meaning given to it in Article 4.3 (Profit Participation).
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Profit Participation Payments means, collectively, the Coronation Profit Participation, the MP Profit Participation, the Silverthorn Profit Participation and the TB Profit Participation and “Profit Participation Payment” means payment in respect of any one of them;
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Profit Participation Payments means, for any fiscal year, for each office of the Borrower, HFF Securities and any other future Subsidiary of the Borrower, pursuant to the Profit Participation Bonus Plans (a) for each office that elects to have its profit participation arrangement calculated on the financial results of the entire office, payments made pursuant to the profit participation arrangement in effect as of the date hereof with the Borrower, HFF Securities and any other future Subsidiary of the Borrower, such payments not to exceed 15% of that office’s consolidated net income (which, for purposes of this definition, shall be the net operating income of such office taking into account allocations of overhead expenses and adjusted for depreciation and amortization, all as determined in accordance with GAAP) after all interest payments on the Loans, and (b) for each office that elects to have its profit participation arrangement calculated on the financial results of each line of business (e.g. investment sales, financing transactions, broker-dealer transactions, etc.) in such office, such lines of business to consist of separately identifiable groups of employees primarily located within such office and to be separately accounted for, payments made pursuant to the profit participation arrangement in effect as of the date hereof with the Borrower, HFF Securities and any other future Subsidiary of the Borrower, such payments not to exceed 15% of each such line of business’ consolidated net income, determined and adjusted as described above with respect to such line of business, after all interest payments on the Loans.
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Examples of Profit Participation Payments in a sentence

  • This also includes, for the avoidance of doubt, any Profit Participation Payments pursuant to the Finance Contract.

  • Each date on which Profit Participation Payments fall due under the Participation Agreement is a Profit Participation Due Date.

  • For the avoidance of doubt, compulsory prepayment shall not have any effect on the Profit Participation Payments during their applicable period.

  • For the avoidance of doubt, if the Borrower buys back the unpaid Profit Participation Payments only in part, the cash payment shall be reduced correspondingly.

  • For the avoidance of doubt, the further Profit Participation Payments shall become due and payable on 30 October 2025 for the financial year 2025, 30 October 2026 for the financial year 2026, on 30 October 2027 for the financial year 2027, on 30 October 2028 for the financial year 2028, on 30 October 2029 for the financial year 2029, on 30 October 2030 for the financial year 2030.

  • In the event of Termination by the Executive other than by death or disability after the Vesting Date and the Executive elects not to Compete, the Executive shall be paid a Termination Payment in an amount equal to ten times the simple average of the Profit Participation Payments for the financial year of the Leeds Business in which Termination occurs and the financial year of the Leeds Business immediately prior to the year of Termination.

  • Any and all Profit Participation Payments incurred or paid shall be excluded from such computation.

  • The Volume Override Payments and Profit Participation Payments payable for all such periods, up to an aggregate amount not to exceed $1,019,084.21 per annum, shall be paid to the Executive as if payable under Section 2.4(d) of the Merger Agreement, and the Company and the Executive agree to treat payments up to such aggregate amount in all respects as if they had been paid pursuant to the Merger Agreement.

  • The employment agreement shall also contain provisions regarding the Profit Participation Payments (as defined therein) to be paid by NEW RADO to Xxxxxxx X.

  • The holders of a majority of the Shares Entitled to Vote, represented in person or by proxy, shall constitute a quorum at, all meetings of the shareholders for the transaction of business.


More Definitions of Profit Participation Payments

Profit Participation Payments. [Profit Participation Payments] To make the Tranche available subject to the terms and conditions of the Finance Contract, the Bank must receive a Disbursement Acceptance in the form of a copy of this Disbursement Offer duly signed on your behalf, to the following electronic mail [mail] no later than the Disbursement Acceptance Deadline of [time], Luxembourg time, on [date]. The Disbursement Acceptance below must be signed by an Authorised Signatory and must be fully completed as indicated, to include the details of the Disbursement Account. If not duly accepted by the above stated time, the offer contained in this document shall be deemed to have been refused and shall automatically lapse. If you do accept the Tranche as described in this Disbursement Offer, all the related terms and conditions of the Finance Contract shall apply, in particular, the provisions of Article 2.5 (Conditions of Disbursement). Yours faithfully, European Investment Bank / F Page 39/58 [On letterhead of the Borrower] We hereby accept the above Disbursement Offer for and on behalf of the Borrower: __________________________________________ Date: Account to be credited: Account N°: Account Holder/Beneficiary: (please, provide IBAN format if the country is included in IBAN Registry published by SWIFT, otherwise an appropriate format in line with the local banking practice should be provided) Bank name, identification code (BIC) and address: Payment details to be provided: Please transmit information relevant to: Name(s) of the Borrower’s Authorised Signatory(ies): Signature(s) of the Borrower’s Authorised Signatory(ies): European Investment Bank / F Page 40/58 Schedule D To: European Investment Bank From: Pluristem GmbH Date: Subject: Finance Contract between European Investment Bank and Pluristem GmbH dated 29 April 2020 (the “Finance Contract”) Contract Numbers (FI No) 92335 91870 Serapis Number 2019-0880 Dear Sirs, Terms defined in the Finance Contract have the same meaning when used in this letter. For the purposes of Article 2.5 (Conditions of Disbursement) of the Finance Contract we hereby certify to you as follows: (a) no Prepayment Event has occurred and is continuing unremedied; (b) no security of the type prohibited under Paragraph 23 (Negative pledge) of Schedule H (General Undertakings) has been created or is in existence; (c) there has been no material change to any aspect of the Investment or in respect of which we are obliged to report under the Finance Contract, save...
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Related to Profit Participation Payments

  • Other Income Benefits means any benefits listed in the Other Income Benefits provision that you receive on your own behalf or for your dependents, or which your dependents receive because of your entitlement to Other Income Benefits.

  • Production Payments means, collectively, Dollar-Denominated Production Payments and Volumetric Production Payments.

  • Compensation Payment means a payment, whether in monetary form or in the form of a benefit or service, by or on behalf of an insurer to a complainant to compensate the complainant for a proven or estimated financial loss incurred as a result of the insurer’s contravention, non-compliance, action, failure to act, or unfair treatment forming the basis of the complaint, where the insurer accepts liability for having caused the loss concerned, but excludes any –

  • Loan Payments means the amounts required to be paid by the Company in repayment of the Loan pursuant to Section 4.1 hereof.

  • Payments in lieu of contributions means the money payments to

  • Production Payments and Reserve Sales means the grant or transfer by the Company or any of its Restricted Subsidiaries to any Person of a royalty, overriding royalty, net profits interest, Production Payment, partnership or other interest in Oil and Gas Properties, reserves or the right to receive all or a portion of the production or the proceeds from the sale of production attributable to such properties where the holder of such interest has recourse solely to such production or proceeds of production, subject to the obligation of the grantor or transferor to operate and maintain, or cause the subject interests to be operated and maintained, in a reasonably prudent manner or other customary standard or subject to the obligation of the grantor or transferor to indemnify for environmental, title or other matters customary in the Oil and Gas Business, including any such grants or transfers pursuant to incentive compensation programs on terms that are reasonably customary in the Oil and Gas Business for geologists, geophysicists or other providers of technical services to the Company or any of its Restricted Subsidiaries.

  • Employer Contributions means the amount transferred by an employer to a funding account or a health reimbursement account.

  • Bonus Payments means that portion of the bonus payments received by the

  • Cash contributions means the re- cipient’s cash outlay, including the outlay of money contributed to the re- cipient by third parties.

  • Discretionary Contribution means the contribution made by the Employer on behalf of a Participant as described in Section 4.4(b).

  • Volumetric Production Payments means production payment obligations recorded as deferred revenue in accordance with GAAP, together with all undertakings and obligations in connection therewith.

  • Capitation Payment means a payment the STATE makes periodically to the MCO for each Enrollee covered under the Contract for the provision of services as defined in Article 6 regardless of whether the Enrollee receives these services during the period covered by the payment.

  • Incentive Payments means any and all federal or state governmental subsidies, payments, transfers or other benefits, whether now or hereafter established, received by the Borrower in any fiscal year aged less than 120 days.

  • Termination Payments has the meaning specified in Section 10(a).

  • Catch-Up Contributions means Salary Reduction Contributions made to the Plan that are in excess of an otherwise applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). Any such adjustments will be in multiples of $500.

  • Unfunded Advances/Participations means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available to the Borrowers on the assumption that each Lender has made its portion of the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.02(d) of the Credit Agreement and (ii) with respect to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available to the Administrative Agent by any such Lender, (b) with respect to any Swingline Lender, the aggregate amount, if any, of participations in respect of any outstanding Swingline Loan that shall not have been funded by the Revolving Credit Lenders in accordance with Section 2.22(e) of the Credit Agreement and (c) with respect to any Issuing Bank, the aggregate amount, if any, of participations in respect of any outstanding L/C Disbursement that shall not have been funded by the Revolving Credit Lenders in accordance with Sections 2.23(d) and 2.02(f) of the Credit Agreement.

  • Exception Payments means payments to deposit accounts or brokerage accounts, payments to settle securities transactions (including, without limitation, stocks, bonds, securities, futures (forex), options, or an investment interest in any entity or property).

  • Profit Sharing Account means any one of the accounts so designated and provided for in Section 6.01.

  • Participation Percentages means the percentage of the total actual project costs that will be contributed by the OPWC, not to exceed the maximum dollar contribution of the OPWC identified in this Project Agreement, and the percentage of the total actual project costs that will be contributed by the Recipient. Both of the percentages are identified in Appendix D. In the event that the total actual project costs exceed the estimated project costs identified in Appendix D, the Local Subdivision Participation Percentage will increase to reflect the cost overrun, while the OPWC percentage contribution will decrease recognizing that there is a maximum dollar contribution from the OPWC which is identified in this Project Agreement.

  • Delayed contribution payment means an amount paid by an employee for purchase of current service. The amount shall be determined using the same formula in KRS 61.5525, and the payment shall not be picked up by the employer. A delayed contribution payment shall be deposited to the member's account and considered as accumulated contributions of the individual member. In determining payments under this subsection, the formula found in this subsection shall prevail over the one found in KRS 212.434;

  • Voluntary Contributions means voluntary amounts contributed by a member or participating member into a health reimbursement account. However, to the extent required by applicable law, voluntary amounts shall not be contributed through a salary reduction election under a cafeteria plan pursuant to section 125 of the internal revenue code, 26 USC 125.

  • Swingline Participation Amount as defined in Section 2.7(c).

  • Company Contributions means the contributions made by the Company pursuant to Section 3.3.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Special Payments Account means the Eligible Deposit Account created pursuant to Section 2.2 as a sub-account to the Collection Account.