Under this
contract concluded between the two parties whose complete data are provided in the attached contracting form, which are referred to herein as "the First Party" (the company / distribution entity) and "the Second Party" (the shareholders / partners / beneficiaries), collectively referred to as "the Parties". Under this agreement, following the approval of the company's financial statements for the fiscal year ended and the approval of the general assembly (or the board of directors as per the type of company and its articles of incorporation) on the distribution of profits, the First Party (the company / distribution entity) commits to distribute the amounts due from the net distributable profits to the Second Party (the shareholders / partners / beneficiaries) in accordance with the ratios and shares specified in this agreement and its appendices and in compliance with the provisions of the Companies Law and the company's articles of incorporation; this agreement aims to organize the profit distribution process with the highest degree of transparency and legal accuracy while specifying the share of distributable profits, mandatory and optional reserves, the workers' share, and the mechanism for calculating the share due to each shareholder, the due date, payment methods, and cases of breach or delay in distribution, achieving fairness among shareholders and enhancing their trust in the company's management, the two parties have agreed to the following:
1- The words and phrases listed below - wherever mentioned in this agreement - shall have the meanings indicated next to each, unless the context of the text requires another meaning:
2- The Agreement: This profit distribution agreement with all its provisions and annexes, the preamble of which is considered an integral part thereof, and it shall be the primary reference in case of conflict between its texts and the texts of the annexes or the company's articles of association to the extent that it does not conflict with the law.
3- The Company (Distribution Entity): The first party, which is the company that distributes profits to its shareholders, as specified in Annex (1).
4- Shareholders (Beneficiaries): The second party, who are the owners of shares or stakes in the company, as specified in Annex (2), and who are entitled to receive their share of the distributed profits in accordance with their ownership percentage.
5- The Fiscal Year: The period for which the financial statements of the company are prepared, as specified in the articles of association.
6- Net Profits: The total profits of the company after deducting all operating expenses, taxes, amortizations, provisions, and mandatory reserves, in accordance with Egyptian accounting standards and the financial statements approved by the auditor.
7- Profits Available for Distribution: The net profits after deducting the mandatory legal reserve, optional reserves, and employees' share, which is the amount that is actually distributed to the shareholders.
اتفاقية توزيع أرباح مصاغة بلغة قانونية دقيقة، تحمي جميع الأطراف. سهلة التخصيص وجاهزة للطباعة والتوقيع الإلكتروني.
اتفاقية توزيع أرباح شامل يغطي التمهيد والأهلية وموضوع التعاون والمدة والمساهمات والحوكمة والمقابل المالي والملكية الفكرية والسرية وحماية البيانات والمسؤولية والقوة القاهرة والإنهاء وتسوية المنازعات والأحكام العامة والملاحق.