This Project Collaboration and Profit Sharing Agreement (“Accord” concluded on October 3, 2013, is concluded by and between Kevin T. Mulhearn (“Mulhearn”) 60 Dutch Hill Rd, Suite 15, Orangeburg, New York 10962, and OSL Holdings, Inc (“OSL”) 60 Dutch Hill Rd, Suite 15, Orangeburg, New York 10962. It is therefore agreed between the parties to apply the following conditions: a profit-sharing agreement should apply to all parties involved with the name and address above of the contract. You should write down the name of the company you form at the beginning of the agreement as well as the purpose of the company. Add references to the date of the agreement and the expected duration of the agreement. It should be indicated on which accounts the profits are paid and when the payment of these profits is made. Before entering into a partnership, you must establish written contracts covering your contracts. An incentive agreement usually indicates the ratio you will use to distribute profits, as well as how you distribute losses. The ratios can be determined by the amount of investments that each partner invests in the business, or you can have an agreement that only shares the profits, so you take the shot for the losses. But there is no partnership if you win. This agreement dates from June 20, 2011 and is issued in two copies. A rate remains with the lender, a rate to the borrower. SHARE OF PROFITS.
The agent is entitled to [PERCENT] of the profits generated for the sale of the product that are a direct result of the representative`s efforts, taking into account the duties carried out there. This incentive agreement (this agreement) that will come into effect on July 30, 2010 (effective date) will be concluded by and between Radiation Therapy Services, Inc., a Florida company (“RTS”) and Norton Travis, a natural person (“Travis”). The RTS and Travis are individually referred to as “parties” and collectively “parties.” For example, if you have three partners, you cannot make half the profits. Divided evenly, you will each take 33.3 percent. Perhaps you have the most investment and plan to run the business; You can split the winnings, so you get 50 percent and each partner takes 25 percent. You can share gains and losses in any way you want. It is important that all partners agree on the situation and sign a contract to explain it. The only important detail to note is that if added together, all servings are 100 per cent. Your incentive agreement should define closed-in equity payments if you want to manage the transaction. You can. B accept a base salary and calculate the earnings after they have been paid. Other rules of the incentive agreement should be tendered and could include a section preventing each partner from granting profit credits or other expenses without the full agreement of all partners.