Common use of Annual Commitment Clause in Contracts

Annual Commitment. Excluding field breaks as specified in Schedule “B”, during the Term of this Agreement the Consultant agrees to provide the services of the Manager for forty-eight (48) weeks in each year to be mutually agreed between the Company and the Consultant. If the Manager works for more than forty-eight (48) weeks in any calendar year, the Consultant may at its sole discretion accept on behalf of the Manager a cash payout equal to the fee that would be payable for those days.

Appears in 5 contracts

Samples: Management Services Agreement (Olympus Pacific Minerals Inc), Management Services Agreement (Olympus Pacific Minerals Inc), Management Services Agreement (Olympus Pacific Minerals Inc)

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Annual Commitment. Excluding field Field breaks as specified in Schedule “B”, during the Term of this Agreement the Consultant agrees to provide the services of the Manager for forty-eight (48) weeks in each year to be mutually agreed between the Company and the Consultant. If the Manager works for more than forty-eight (48) weeks in any calendar year, the Consultant may at its sole discretion accept on behalf of the Manager a cash payout equal to the fee that would be payable for those days.

Appears in 4 contracts

Samples: Management Services Agreement (Olympus Pacific Minerals Inc), Management Services Agreement (Olympus Pacific Minerals Inc), Management Services Agreement (Olympus Pacific Minerals Inc)

Annual Commitment. Excluding field breaks Fieldbreaks as specified in Schedule “B”, during the Term of this Agreement the Consultant agrees to provide the services of the Manager for forty-eight (48) weeks in each year to be mutually agreed between the Company and the Consultant. If the Manager works for more than forty-eight (48) weeks in any calendar year, the Consultant may at its sole discretion accept on behalf of the Manager a cash payout equal to the fee that would be payable for those days.

Appears in 2 contracts

Samples: Management Services Agreement (Olympus Pacific Minerals Inc), Management Services Agreement (Olympus Pacific Minerals Inc)

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Annual Commitment. Excluding field Field breaks as specified in Schedule “B”, during the Term of this Agreement the Consultant agrees to provide the services of the Manager for forty-eight seven (4847) weeks in each year to be mutually agreed between the Company and the Consultant. If the Manager works for more than forty-eight seven (4847) weeks in any calendar year, the Consultant may at its sole discretion accept on behalf of the Manager a cash payout equal to the fee that would be payable for those days.

Appears in 2 contracts

Samples: Management Services Agreement (Olympus Pacific Minerals Inc), Management Services Agreement (Olympus Pacific Minerals Inc)

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