Annual Flat Fee Clause Samples

Annual Flat Fee. The Parties agree to amend Section 3.6 of the MSA with respect to the calendar year 2019 as follows: Subject to the below, Shire International will make an annual lump sum payment of € [*****] ([*****] Euro) to Centogene for the performance of [*****] of Diagnostic Tests for Morbus Fabry, Morbus Gaucher, Morbus Hunter, MPS1, MPS2, MPS3, MPS4, MPS6 and MPS7 in the calendar year 2019 (“Annual Flat Fee”). The financial terms of the Annual Flat Fee as well as other financial assumptions under the MSA and Supply Agreement are set forth in more detail in Appendix 1 to this 2019 Amendment. Centogene hereby expressly waives any payment claims for Excess Diagnostic Tests under Section 3.6(c) of the MSA; provided, however, that only the first [*****] Diagnostic Tests for MPS1, MPS3, MPS4, MPS6 and MPS7 performed in 2019 will be included in the Annual Flat Fee. Any additional Diagnostic Tests for MPS1, MPS3, MPS4, MPS6 and MPS7 will be invoiced and paid in accordance with Sec. 3.6 (c) of the MSA.
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Annual Flat Fee. 2.1. In line with EMVO recommendation, NMVO has decided for an annual flat fee contribution to be paid by the Company from February 2019. 2.2. The payment deadline for the annual flat fee is 9th February 2019 and thereafter by 2nd of March each year. 2.3. The annual flat fee is expected to be in the region of EUR 5200 - 7000 in 2019. The Company acknowledges that this sum is an estimate and may change once the budget for 2019 and the number of MAHs to be invoiced in 2019 are confirmed. In such case, the fee will be updated ac- cordingly as notified by NMVO to the Company in writing. 2.4. The level of the annual flat fee will be based on actual cost of running the NMVS and NMVO short and long term. The Company acknowledges that the amount of the annual flat fee may fluctuate from time to time. The amount of the annual flat fee for any given year will be notified by NMVO to the Company in writing no later than by 31st of December during the previous calendar year.
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Annual Flat Fee. 2.1. In line with EMVO recommendation, NVVO has decided for an annual flat fee contribution to be paid by the Company from February 2019 or from the date the agreement is signed. 2.2. The payment deadline for the annual flat fee is 2nd of February 2022 and thereafter by 2nd of March each year. 2.3. The annual flat for the year 2022 approved by the Board is set to EUR 3100. The Company acknowledges that this sum is an estimate and may change once the budget for 2023 and thereafter and the number of MAHs to be invoiced in 2022 and thereafter are confirmed. In such case, the fee will be updated accordingly as notified by NVVO to the Company in writing. 2.4. The level of the annual flat fee will be based on actual cost of running the NMVS and NVVO short and long term. The Company acknowledges that the amount of the annual flat fee may fluctuate from time to time. The amount of the annual flat fee for any given year will be notified by NVVO to the Company in writing no later than by 31st of December during the previous calendar year.
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Annual Flat Fee. The annual self-insured flat fee includes nine (9) indemnity claims and fifteen (15) medical- only claims. No charge for incident only claims. Any claims that exceed these thresholds shall be charged the per claim rates listed below. January 1, 2025 ending December 31, 2027: Workers’ Compensation Self-insured Annual Flat Fee $11,500 Exceeding Per Claim Fees: Indemnity Claim $1,076 Medical Only Claim $181 Incident Only $0 For purposes of this Agreement, an “Indemnity Claim” shall mean any workers’ compensation Qualified Claim: • For which a payment is made or reserve is posted under the indemnity portion (i.e. not medical and not expense) of the Qualified Claim or there is time lost from work; • For which an application for adjudication of a claim or hearing notice is received or otherwise involves litigation or communication from or to a petitioner’s attorney; • Where incurred medical costs exceed $3,000; • That is denied; • For which Client requests to be investigated or classified as an Indemnity Claim; • That Sedgwick determines additional investigation is necessary to determine compensability, to comply with applicable laws, or both; • For which subrogation is investigated or pursued; or • That is open longer than twelve months.
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Related to Annual Flat Fee

  • Annual Fee As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

  • Annual Fees The annual rental fee of a standard individual 12 x 14 plot is $40 per plot. Please note this rental fee is non-refundable and must be paid at the time of application. This fee is used to offset expenses associated with the Garden. Please make checks payable to ▇▇▇▇▇▇ Township Recreation.

  • Monthly Fee The fee for the parking spaces shall be $ per month for parking space(s). each all

  • Annual Maintenance Fee In consideration of the license granted to Licensee under Section 2.1, Licensee shall pay Licensor on-going annual maintenance fees of **** on each anniversary of the Effective Date.

  • Base Fee The Company shall pay to the Advisor a quarterly base fee (the “Base Fee”) payable in arrears in cash, for services provided by the Advisor in the preceding quarter. For purposes of this Agreement, the “Base Fee” will be equal to 0.70% per annum of the Total Market Capitalization of the Company, subject to the payment of a minimum quarterly base fee (“Minimum Base Fee”), if applicable. For purposes of this Agreement, “Total Market Capitalization” shall be calculated on a quarterly basis as (i) the average of the volume-weighted average price per share of Ashford Prime’s common stock for each trading day of the preceding quarter multiplied by the average number of shares of Ashford Prime’s common stock outstanding during such quarter, on a fully-diluted basis (assuming all common units and long term incentive partnership units in the Operating Partnership which have achieved economic parity with common units in the Operating Partnership have been converted to common stock in the Company), plus (ii) the quarterly average of the aggregate principal amount of the Company’s consolidated indebtedness (including the Company’s proportionate share of debt of any entity that is not consolidated but excluding the Company’s joint venture partners’ proportionate share of consolidated debt), plus (iii) the quarterly average of the liquidation value of the Company’s outstanding preferred equity. The Minimum Base Fee for each quarter will be equal to the greater of (i) 90% of the Base Fee paid for the same quarter in the prior year and (ii) the G&A Ratio multiplied by the Company’s Total Market Capitalization. For purposes of this Agreement, the “G&A Ratio” will be calculated as the simple average of the ratios of total general and administrative expenses, less any non-cash expenses but including any dead deal costs, paid in the applicable quarter by each member of a select peer group set forth in Exhibit A (each, a “Peer Group Member” and collectively, the “Peer Group”), divided by the total enterprise value of such Peer Group Member (calculated in the same manner as the Company’s Total Market Capitalization). The G&A Ratio for each Peer Group Member will be calculated based on the financial information presented in such Peer Group Member’s Form 10-Q or 10-K periodic filings with the SEC following the end of each quarter. The Peer Group may be modified from time to time by mutual written agreement of the Advisor and a majority of the Independent Directors, negotiating in good faith. The Base Fee, as calculated above, shall be payable in arrears no later than the 15th day following the end of each quarter (i.e., one-fourth of 0.70% of the Total Market Capitalization of the Company). The Minimum Base Fee shall be calculated as soon as practicable following the end of the quarter, and to the extent the Minimum Base Fee exceeds the Base Fee paid to the Advisor with respect to any quarter, the Company will pay the Advisor the difference between Minimum Base Fee and the Base Fee within 5 business days of final calculation of the Minimum Base Fee. For purposes of payment of the Base Fee for a partial quarter relating to the first quarter in which this Agreement is effective or for the last quarter in which this Agreement is terminated, the Base Fee shall be calculated as 0.70% of the Total Market Capitalization of the Company, calculated using each trading day of such partial quarter prior to termination, multiplied by the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable. The Minimum Base Fee shall be similarly reduced proportionately based on the number of days in the applicable quarter in which this Agreement is in effect divided by 365 or 366 days, as applicable.