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.
Upon any full or partial termination or upon the complete discontinuance of the Employer's Contributions to the Plan (in the case of a Profit Sharing Plan), all amounts credited to the affected Participants' Combined Accounts shall become 100% Vested and shall not thereafter be subject to Forfeiture.
Burden must not include Employee Profit Sharing Plans regardless of how defined or described.
Your share of the profit sharing contribution is determined by the following fraction: Profit Sharing Contribution X Your Compensation Total Compensation of All Participants Eligible toShare For example: Suppose the profit sharing contribution for the Plan Year is $20,000.
Profit Sharing Investment Accounts 2.1.13 An arrangement does not constitute a Collective Investment Fund if it is an account or portfolio which is a Profit Sharing Investment Account.
More Definitions of Profit Sharing
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 shall have the meaning given in this Appendix I Clause 2. Delivery and Supply Price 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 an amount received by a Participant under the [name of Profit Sharing Plan] maintained by the Company or an Affiliate thereof.
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.
Profit Sharing. Second, all proceeds in excess of two time (2x) such Investor’s Investment Amount shall be cumulatively allocated seventy-seven percent (77%) to the Investor and twenty-three percent (23%) to the Management Entity until the cumulative amount allocated to such Investor and to the Management Entity by such Investor pursuant to this paragraph 1 (including, for the avoidance of doubt, paragraph (a) above and this paragraph (b)) shall equal two and sixty-five one-hundredths times (2.65x) such Investor’s Investment Amount.