Cash Success Fee Compensation Sample Clauses

Cash Success Fee Compensation. As compensation for the services provided by Halcyon hereunder, the Client shall pay Halcyon a cash “Success Fee” upon the successful closing of any Transaction(s), provided that Halcyon has not breached this Agreement, and that Halcyon has completed all its material obligations hereunder. The cash Success Fee shall be calculated as follows: a. For any Equity Finance received as part of any Transaction, Halcyon will be paid a flat cash fee of an agreed percentage of any funds received by the Client as part of the Transaction. For the purposes of this Section, Equity Finance shall mean the receipt of cash money by the Client from qualified investors, including all funds not expressly a debt instrument and as defined in this agreement. b. For any Mezzanine Finance received as part of a Transaction, Halcyon will receive a flat cash fee of an agreed percentage of any funding received by the Client. For purposes of this Agreement, Mezzanine Finance shall mean funding from any instrument which as defined in this agreement. c. For any Debt Finance received as part of a Transaction, Halcyon will receive a flat cash fee of an agreed percentage of any funding received by the Client. For purposes of this Agreement, Debt Finance shall mean debt funding from any instrument which has periodic payments of fixed interest, a set term, and a repayment of principal schedule, and as defined in this agreement. d. In the event that cash Success Fees are due in connection with a Merger/Acquisition transaction completed by the Client, fees will be calculated as the higher of the following: 1. The cash Success Fee percentage will be applied to the amount of capital raised as part of the Merger/Acquisition transaction; 2. The cash Success Fee percentage will be applied to the overall value of the Merger/Acquisition transaction, including, where applicable, the assumption of liabilities by the Client; 3. A minimum cash Success Fee, as specified in the Summarized Terms and Conditions, will be applied to the transaction. e. Any cash Success Fees due to Halcyon shall be paid at the exact such time that funds are received by the Client, and/or are made available to the Client. For additional clarification with regard to Debt Finance, no Success Fees derived from Debt Finance shall become payable to Halcyon until the lender releases such funds for use by the Client. f. The Client agrees that appropriate provisions for the support and payment of any cash Success Fees will be included in t...
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Related to Cash Success Fee Compensation

  • Cash Compensation The Company shall pay to the Executive compensation for his services during the Contract Period as follows:

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

  • Cash and Incentive Compensation (a) All payments referenced in this Agreement are subject to applicable tax withholdings and authorized or required deductions.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

  • 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.

  • 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.

  • 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.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

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