Compensation 3. 1 As compensation for all services to be rendered pursuant to this Agreement to or at the request of the Company, the Company agrees to pay the Employee [compensation]. The compensation shall be payable in accordance with the regular payroll practices of the Company. 3.2 The Company shall pay or reimburse the Employee for all necessary and reasonable pre-approved expenses incurred or paid by the Employee in connection with the performance of services under this Agreement. The Employee must present expense statements, vouchers, or other supporting information evidencing the nature of the expenses, and, if appropriate, the payment made by the Employee, in accordance with Company expense procedures. 3.3 During employment, the Employee shall be entitled to participate in any group insurance, qualified pension, hospitalization, medical, health, accident, disability, and similar plans or programs of the Company now existing or hereafter established to the extent that the Employee is eligible under the general provisions of those plans or programs. Notwithstanding anything herein to the contrary, however, the Company shall have the right to amend or terminate any such plans or programs.
Compensation 3. 1 Payments for the supply of Short Term Power and Short Term Energy shall be predicated upon the following rates: 3.11 Demand Charge For the billing demand for each calendar week at the rate of $0.85 per kilowatt for such week or if the period is less than a calendar week, at the rate of $0.14 per kilowatt per day. In the event the amount of Short Term Energy taken is reduced upon the request of the supplying party, the demand charge for the period during which such reduction is made shall be reduced $0.14 per kilowatt of reduction for each day during which any reduction is in effect. However, such reduction shall not exceed $0.85 per kilowatt for a calendar week. 3.12 Energy Charge For the kilowatt-hours of Short Term Energy taken, at a rate per kilowatt-hour equal to the out-of-pocket cost (such cost being as of the delivery point or points set forth in Section 4.01 of Article 4 of the Agreement, taking into account electrical losses incurred from the source or sources of such energy to said delivery point or points) to the supplying party of generating or supplying such energy plus ten per cent of such cost. Appendix II to Modification No. 6 Exhibit VI SERVICE SCHEDULE F LIMITED TERM POWER (FIRM) Under Agreement, dated as of December 2, 1968, as modified, between Indianapolis Power & Light Company and Southern Indiana Gas and Electric Company
Compensation 3. 1 Compensation During the Term of this Agreement
Compensation 3. .1. The Trust, on behalf of each Fund, shall pay for the Services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, the fee letter attached to each addendum (each a “Fee Letter”), which may be amended from time to time. Each Fee Letter is incorporated by reference into this Agreement. 3.2. If this Agreement becomes effective subsequent to the first day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth in the applicable Fee Letter. If this Agreement terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth in the applicable Fee Letter. The Trust shall promptly pay Ultimus’ compensation for the preceding month. 3.3. In the event that the U.S. Securities and Exchange Commission (the “SEC”), Financial Industry Regulatory Authority, Inc. (“FINRA”), or any other regulator or self-regulatory authority adopts regulations and requirements relating to the payment of fees to service providers or which would result in any material increases in costs to provide the Services under this Agreement, the parties agree to negotiate in good faith amendments to this Agreement in order to comply with such requirements and provide for adjustments to Ultimus’ compensation as mutually agreed to by the parties in good faith. 3.4. In the event that any fees are disputed, the Trust shall, on or before the due date, pay all undisputed amounts due hereunder and notify Ultimus in writing of any disputed fees which it is disputing in good faith. Payment for such disputed fees shall be due on or before the tenth (10th) business day after the day on which Ultimus provides to the Trust documentation which reasonably supports the disputed charges.
Compensation 3. 1 As compensation for the performance of Exhibit A duties herein, the Company shall pay the Executive a base salary specified in Exhibit B "Salary & Benefits", attached hereto and hereby incorporated herein. The base salary shall be identified hereinafter as "Salary." Any Salary hereunder shall be paid at regular intervals but no less frequently than bi-weekly in accordance with the Company's payroll practices. Annual increases in salary shall be determined by the Board and the CEO in their sole discretion.
Compensation 3. Section 3.1. Compensation for Services 3 Section 3.2. Payment 3 Section 3.3. Currency and Exchange Rate 3 ARTICLE IV. CONFIDENTIALITY 3 Section 4.1. Confidentiality 3
Compensation 3. 01 The Corporation will compensate Executive for the duties performed by him hereunder, including all services rendered as an officer or director of the Corporation, by payment of a salary at the rate of $150,000 per annum, payable in equal installments, which the Corporation may pay at either monthly or semi-monthly intervals, and by payment of the additional compensation specified in Section 3.02.
Compensation 3. Section 3.1. Compensation for Services 3 Section 3.2. Out-of-Pocket Costs 4 ARTICLE IV. CONFIDENTIALITY 4 Section 4.1. Confidentiality 4
Compensation 3. 1 Payments for the supply of Short Term Power and Short Term Energy shall be predicated upon the following rates: 3.11 Demand Charge For the billing demand for each week at the rate of $0.30 per kilowatt for such week or if the period is less than a week at the rate of $0.06 per kilowatt per day. In the event the amount of Short Term Energy taken is reduced upon request of the supplying party, the demand charge for the period during which such reduction for each day during which any reduction is in effect. 3.12 Energy Charge For the kilowatt-hours of Short Term Energy taken, at a rate per kilowatt-hour equal to the out-of-pocket cost (such cost being as of the delivery point or points, as provided for in Section 4.01 of Article 4 of the Agreement, taking into account electrical losses incurred from the source or sources of such energy to said delivery point or points) to the supplying party of generating or supplying such energy plus ten per cent of such cost. Exhibit V SERVICE SCHEDULE E COORDINATION OF SCHEDULED MAINTENANCE OF GENERATING FACILITIES Under Agreement, dated as of December 2, 1968 between Indianapolis Power & Light Company and Southern Indiana Gas and Electric Company
Compensation 3. 1 The reserving party shall pay the supplying party: 3.11 For any week that Short Term Power is reserved, $1.05 per kilowatt reserved; less, for each day during any part of which the amount of such Short Term Power is reduced by the supplying party, $0.18 per kilowatt of the reduction (except that in no event shall the total of such reductions in any week exceed $1.05 per kilowatt). For each period less than one week that Short Term Power is reserved, $0.18 per kilowatt reserved per day; less, for any day during any party of which the amount of Short Term Power is reduced by the supplying party, $0.18 per kilowatt of the reduction; plus 3.12 110% of the out-of-pocket costs of supplying the Short Term Energy taken during such reservation periods that comes from the supplying party's own system; plus, for energy purchased by the supplying party from another system to supply any part of the Short Term Energy taken during such reservation periods, 100% of the amount paid therefor by the supplying party plus 10% thereof, but not to exceed (a) 1.6 mills per kilowatt-hour if Indianapolis Company is the xxxplying party, or (b) 2.1 mills per kilowatt-hour if Southern Indiana Company ix xxx supplying party. Appendix II Exhibit VI SERVICE SCHEDULE F LIMITED TERM POWER (FIRM) Under Agreement Between Indianapolis Power & Light Company And Southern Indiana Gas and Electric Company
