Profit Sharing definition

Profit Sharing means cash payments for Profit Sharing paid pursuant to the applicable collective bargaining agreement, to hourly employees.

Profit Sharing. For Qualified Games in which LxxxxxX has brought to the Platform (and for which RC has approved to be on such Platform), RC agrees to pay LedgerZ the following percentages of its Net Profit;

Profit Sharing. In the event the Rainbow Entities sell or transfer any "direct or indirect interest" in MSG (by way of private sale or secondary public offering) or all or substantially all of the assets of MSG, within one year of the first closing, ITT will have the right to share in such proceeds to the extent the value implied by such transaction is in excess of the value for MSG contemplated by ITT's sale to the Rainbow Entities; provided, however, there will be a 12% "cost of carry buffer" provided to the Rainbow Entities so that ITT's profit sharing right will be reduced by an amount equal to the proceeds from the relevant transaction multiplied by 12% per annum calculated on the basis of the actual number of days elapsed from the date of the first closing. This provision will provide that any partial sale or transfer will be treated as a resale of the interest purchased or redeemed from ITT. SportsChannel NY: Rainbow will have the right to contribute SportsChannel NY to MSG from 30 days after the first closing. If SportsChannel NY is contributed within one year after the first closing, the deemed amount of such contribution will be $170 million and, in this regard, the definitive agreement will contain covenants applicable to SportsChannel NY restricting sales, transfers or other dispositions of assets and conduct of business. Thereafter, the deemed amount of any contribution of SportsChannel NY shall be its "fair market value" based on the opinion of an investment banking firm selected as provided above. The dilution of ITT's interest in MSG shall be determined on such "fair market value" basis.

Examples of Profit Sharing in a sentence

• Employer Profit Sharing Contributions Your "vested percentage" in your account attributable to profit sharing contributions is determined under the following schedule.

• In the case of the Withdrawal of a Partner, such former Partner’s GP-Related Profit Sharing Percentages shall be allocated by the General Partner to one or more of the remaining Partners as the General Partner shall determine.

• At the time of admission of each additional Partner, the General Partner shall determine in its sole discretion the GP-Related Investments and Capital Commitment Investments in which such Partner shall participate and such Partner’s GP-Related Commitment, Capital Commitment-Related Commitment, GP-Related Profit Sharing Percentage with respect to each such GP-Related Investment and Capital Commitment Profit Sharing Percentage with respect to each such Capital Commitment Investment.

• Notwithstanding the foregoing, the General Partner may also adjust the GP-Related Profit Sharing Percentage of any Partner for any annual accounting period at the end of such annual accounting period in its sole discretion.

• The General Partner may establish different GP-Related Profit Sharing Percentages for any Partner in different categories of GP-Related Net Income (Loss).

More Definitions of Profit Sharing

Profit Sharing means a share of profits in accordance with Exhibit B attached hereto.

Profit Sharing shall equal the gross revenues generated by the "Family Survival Kit" and received for project sales, either through the infomercial videotape sales or the added value products to be used to increase videotape sales, less the following:

Profit Sharing means an amount received by a Participant under a profit sharing plan maintained by the Company or an Affiliate thereof.

Profit Sharing shall have the meaning given in this Appendix I Clause 2. The Product will be manufactured, packaged and supplied by Oasmia to Hetero at Oasmia’ Cost of Goods Sold (“COGS”). Oasmia’s Supply Price shall be equivalent to Oasmia’s COGS. Hetero shall have right to audit the books of accounts for determining the validity of COGs provided by Oasmia.

Profit Sharing means a model of charging a performance-based portfolio management fee by sharing with Mind Money Ltd. (ex. Zerich Securities Ltd.) the percentage of the profit earned under the services of Portfolio Management. VAT means value added tax. Current VAT rate in Cyprus is 19%. VAT may apply to the services of Portfolio Management.

Profit Sharing. A fiscal year annual profit sharing per "Intermet designated Sr. Officers Profit Sharing Plan". Your share will be 0.2% (.0020) of Intermet's audited annual pretax earnings before minority interest and profit sharing, payable by April of the following year. (Partial years will be paid pro-rata.) Further, we guarantee a bonus of $120,000, (One Hundred & twenty Thousand Dollars), or the above plan, which ever is higher for your first two years of employment. SIGNING BONUS: Stock grant of 2500 Intermet common shares at commencement of employment and, 7500 restricted Intermet common shares (in your name) held in escrow, with full voting rights and dividends, if any, paid directly to you. The restricted stock will vest at a rate of 2500 shares each employment anniversary. Intermet will gross up the imputed income to make the signing bonus transactions tax-free to you. page 2 Neilxxx xxxposal STOCK OPTIONS: 20,000 shares, priced on the first full day of employment. EMPLOYMENT CONTRACT: Twenty four (24) months. After the first 12 months the agreement becomes a one year "Evergreen," i.e., each additional day you are employed adds another day to the to the employment contract. (The employment contract is subject to the additional terms listed in "Attachment A.")

Profit Sharing. An amount contributed by the Employer as a discretionary profit sharing contribution.