| Employee Profit Participation |
Ten percent of Clever Tech's profit before tax will be allocated to employees.These funds will be used for employee trusts and for cash distribution to employees in recognition of service.
| Share Holder Profit Participation |
Clever Tech will distribute, on an average, not less than twenty percent of it's annual net profit after tax to share holders.
Management Profit Participation |
To obtain long term commitment from senior management, Clever Tech provides in addition to a base salary below industry standards, allows for the distribution of upto six percent of it's profit before tax.
Research and Developement |
Clever Tech will allocate a minimum of seven percent of it's profit before tax for research and developement purposes to ensure it's long term viability.
Clever Tech will allocate a maximum of Two percent of it's profit before tax for Charitable, cultural and educational purposes to support basic fabric of the society.
Minimum Profit Performance |
Clever Tech management has an obligation to produce profit. Management must generate a minimum after tax return of seven percent on it's share capital.
Clever Tech believes that outside directors provide independent counsel and discipline. A majority of the members of board of directors will be outsiders.
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