Common use of Change in Compensation Clause in Contracts

Change in Compensation. If the Board decides to increase the CCO’s compensation or provide a bonus to the CCO, then the fees paid to NLCS by the Trust will increase proportionately for any amounts it deems due to the CCO above the amounts due to NLCS under this Agreement. Any attempt by the Board to reduce the salary of the CCO would be contrary to the terms of this Agreement.

Change in Compensation. If the Board decides to increase the CCO’s compensation or provide a bonus to the CCO, then either the fees paid to NLCS FCS by the Trust will increase proportionately or the Trust will separately compensate the CCO for any amounts it deems due to the CCO above the amounts due to NLCS FCS under this Agreement. Otherwise, the Board may directly increase the fees paid to FCS via an amendment to this Agreement. Any attempt by the Board to reduce the salary of the CCO would be contrary to the terms of this Agreement.

Change in Compensation. If the Board decides to increase the CCO’s compensation or provide a bonus to the CCO, then the fees paid to NLCS by the Trust will may increase proportionately for any amounts it deems deemed by the Board to be due to the CCO above the amounts due to NLCS under this Agreement. Any attempt by the Board to reduce the salary of the CCO would be contrary to the terms of this Agreement.

Change in Compensation. If the Board decides to increase the CCO’s compensation or provide a bonus to the CCO, then the fees paid to NLCS by the Trust Fund will increase proportionately for any amounts it deems due to by the CCO above the amounts due to NLCS under this Agreementamount of such increase and/or bonus. Any attempt by the Board to reduce the salary of the CCO would be contrary to the terms of this Agreement.