Murky Depths Privateering Company Policy of Spoils |
Definitions |
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Profit: The money remaining from the sale of a prize, after paying off all maintenance and debts. The cost of repairs, medical treatment, outside contracts, taxes and injury reimbursement is deducted from the profit. The company is responsible for all other expenses from its own shares, including upgrades, new equipment and supplies. Share: The basic unit of privateering pay, a share is a cut of the profit. Most crew members hold a single share. Ranking officers, specialists and crewers at increased risk, like boarders, usually hold two or more shares. Profit is divided by the number of shares, so the value of a single share really depends on the total number of existing shares. This number is relative to crew size and other factors, so your personal number of shares isn't necessarily a good gauge of their value. Take: An accurate representation of share value, take is a direct numerical portion of the profit. Fractional take is calculated by dividing your number of shares by the number of total outstanding shares. Percentage take is found by multiplying your fractional take by the percent of the profit allocated to the crew (in this case, 80%). Split: slang. The percentage take. Slice: slang. Derived from the phrase "slice of the pie". The fractional take. Spreading: As the number of shares increases, the profit is divided among more people, so an individual crew member's share value decreases. Crew members find this undesirable, since adding more crewers and/or more shares lowers their pay rate. Closed Roster: A policy designed to protect the value of a single share. Expanding the company roster results in spreading. Under a closed roster, the crew must vote to add new positions, guaranteeing that they feel a new crew member is worth the slight decrease in their own pay. |
Spoils Policy |
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Under the company's third article, all shares will be distributed fairly, under watch of the Executive Officer and three shipmates elected by the crew. Defrauding the company shall be punished by prosecution in a New Republic court of Naval Law. A conviction of this crime carries a minimum sentence of one year imprisonment.
The Murky Depths Privateering Company currently has 220 outstanding shares. The company takes 20% of the profit, leaving the crew 80%.
The MDPC operates under a closed roster. The company may fill vacant positions as it sees fit, but unless the crew votes to allow their entry, any extra crew members must be paid from the company's own shares. It is generally accepted that prize information and mission specialists are both expenses to be deducted from profit. The crew has the right hold an informal vote to express its sentiments on outside deals.
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