Additional Compensation Details Sample Clauses

Additional Compensation Details. 7.11.1 With respect to Installed Base Payments within the United States, BIS Sensor commissions will be paid for a period of [**] full years for each Philips-sold BIS Product from the date of installation at the customer site, which may have been prior to the Effective Date. Aspect shall pay commissions due Philips on a [**] basis. With such [**] payments, Aspect shall provide to Philips a list of Philips United States customers to which such sales were made, the number of BIS Sensors sold in that [**], and the net revenue billed for the sale of the BIS Sensors by Aspect. 7.11.2 This [**] payment shall be provided to Philips no later than [**] days following the end of each [**]. In the event that Aspect’s standalone BIS monitors, the BIS modules and/or the BIS or BISx systems of or sold by other original equipment manufacturers have also been installed at such sites/regions in addition to Philips BIS Products, Philips will be entitled to a commission only on BIS Sensor sales intended for use with Philips BIS Products. A pro rata determination will be based on the total number of BIS units of different types installed at such locations during the period according to Aspect’s installed base records. Such installed base records shall be subject to the same [**] year period as that provided for Philips-sold BIS Products for the purposes of calculating commissions according to this Section 7. To facilitate such calculations, Philips will be responsible for providing Aspect with the documentation required in Section 6.7, and Aspect shall be responsible for providing Philips with accurate information regarding the total number of non-Philips units which have been installed, and are in use, at such sites/regions. The information on total installed BIS systems at Philips accounts is auditable by an independent auditor at Philips’ expense, provided that such independent auditor (i) is bound by obligations of confidentiality and non-use at least as protective of Aspect’s records as the provisions of Section 8 are with respect to Proprietary Information, and (ii) shall disclose to Philips only the percentage of total installed BIS systems that are installed at Philips accounts. In the event such audit identifies an underpayment by Aspect of at least five percent (5%), Aspect shall reimburse Philips for the cost of such audit. The information underlying the reports provided by Philips pursuant to Section 6.7 is auditable by an independent auditor at Aspect’s expense, ...
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Related to Additional Compensation Details

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • ADDITIONAL COMPENSATION AND BENEFITS The Executive shall receive the following additional compensation and welfare and fringe benefits:

  • No Additional Compensation Notwithstanding any other provision of this Agreement, the obligation of Agency to return Referred Accounts, provide current status reports of all such accounts or information reasonably required by Client shall be without right to any additional Contingent Fee, administrative fees or other compensation of any kind or type whatsoever after such termination date, including, without limitation, in quantum meruit, for any Services rendered prior to termination (except on recoveries received and remitted to Client pursuant to this Agreement prior to termination) whether or not said Services result in or contribute to recoveries received after termination.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation is payable as follows.

  • Additional Bonus Executive shall be eligible for such year-end bonus, which may be paid in either cash or equity, or both, as is awarded at the discretion of the Compensation Committee of the Board of Directors of the Company after consultation with the Company's Chief Executive Officer.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Long-Term Compensation Including Stock Options, and Benefits, Deferred Compensation, and Expense Reimbursement.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

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