Calculation of Management Fees. The management fee payable by Party A to Party B shall be calculated as 100% of the earnings before tax, paid on a monthly basis within 20 days of the end of each month. If Party A has no earnings before taxes and other cash expenses, then no fee shall be paid. If Party A sustains losses then each month the losses will be carried over to the next month and deducted from next month’s management fee.
Appears in 2 contracts
Samples: Agreement on Entrustment for Operation and Management (Allstar Restaurants), Agreement on Entrustment for Operation and Management (China QinBa Pharmaceuticals, Inc.)
Calculation of Management Fees. The management fee payable by Party A to Party B shall be calculated as 100% of the earnings before tax, paid on a monthly basis within 20 days of the end of each month. If Party A has no earnings before taxes and other cash expenses, expenses then no fee shall be paid. If Party A sustains losses then each month the losses will be carried over to the next month and deducted from next month’s 's management feexxx.
Appears in 1 contract
Samples: Agreement on Entrustment for Operation and Management (Virtual Closet, Inc.)
Calculation of Management Fees. The management fee payable by Party A to Party B shall be calculated as 100% of the earnings before tax, paid on a monthly basis within 20 days of the end of each month. If Party A has no earnings before taxes and other cash expenses, . then no fee shall be paid. If Party A sustains losses then each month the losses will be carried over to the next month and deducted from next month’s 's management feexxx.
Appears in 1 contract
Samples: Agreement on Entrustment for Operation and Management (China Pediatric Pharmaceuticals, Inc.)
