Compensation; Accounting Sample Clauses

Compensation; Accounting. 4.1. As compensation for the designs and services rendered hereunder, the Company shall pay minimum compensation to the Design Company each year during the term of this Agreement. The minimum compensation to the Design Company in connection with the manufacture and sale and importation and sale of Licensed Products for each year shall be as follows: [OMITTED; MATERIAL FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] Minimum compensation for each year shall be paid on a quarterly basis, beginning with the minimum compensation payment to be made for the first calendar quarter of [OMITTED; MATERIAL FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION], in the manner set forth in paragraph 6.2 below. No credit shall be permitted against minimum compensation payable in any year on account of actual or minimum compensation paid in any other year, and minimum compensation shall not be returnable. Minimum Compensation for each year of the "Renewal Term" (as defined in paragraph 8 of the License Agreement) shall be an amount equal to [OMITTED; MATERIAL FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION]. For the purposes of this Agreement, the term "year" shall mean a period of twelve (12)months commencing on each January 1 during the term of this Agreement; provided, however, that the "first year", or "Year V shall mean the period commencing on the date hereof and expiring on December 31, 1999. 4.2. The Company shall pay to the Design Company earned compensation based on the net sales price of Licensed Products manufactured or imported and sold by the Company hereunder. Earned compensation shall equal [OMITTED; MATERIAL FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION] of the net sales price of all Licensed Products sold under this Agreement, including, without limitation, sales made pursuant to paragraph 6.3 hereof; provided, however, that no earned compensation shall be due in respect of sales by Company to Polo's outlet stores at the discount specified in paragraph 3.3 of the License Agreement. The Company shall prepare or cause to be prepared statements of operations for the first month in which Licensed Products are offered for sale to the trade, and for each month thereafter for so long as the Company is offering Licensed Products for sale hereunder, which statements shall be furnished to the Design Company together with the earned compensation due for each such month on the last day of the following month. The stat...
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Compensation; Accounting. 6.1 In consideration of the license granted under this Article Licensee shall pay to Polaroid for each Licensed Product sold or otherwise disposed of for consideration on or after November 1, 1997 a royalty rate of $.30 or five percent (5%) of the net selling price of the Licensed Product whichever is greater. In consideration of the royalty specified in this Article, Polaroid agrees not to assert any of the Licensed Patents against Licensee for any Licensed Product which Licensee sold or otherwise disposed of for consideration prior to November 1,1997. 6.2 For the purposes of this Agreement the term net selling price is to mean the invoice amount billed to Licensee's customers less discounts and allowances actually allowed customers and shown on the invoice or any other writing forwarded to Licensee's customers and net of all returns actually made or allowed as supported by credit memos issued to customers. For the purpose of this Agreement, the Licensed Product shall be considered to be sold when billed out and collected; or otherwise disposed of, when leased, loaned, bartered or exchanged for goods or services or otherwise transferred for consideration to a third party. (a) Licensee shall provide to Polaroid on or before the 20th of each month a written report specifying the number and net selling price of the Licensed Product sold or disposed of by Licensee during ft prior month. The written report due in the month of December shall be submitted on or before the 10th of said month. (b) Licensee further agrees to provide Polaroid with a similar written report within thirty (30) days following the expiration or termination of this Agreement, covering all Licensed Product made and placed in inventory, sold or otherwise disposed of by Licensee prior to such expiration or termination date, but which were not previously reported to Polaroid. Concurrently with the making of such report, Licensee shall pay to Polaroid the amount of royalties due on such Licensed Product identified in such report which was sold or otherwise disposed of by Licensee prior to such expiration or termination date. For such Licensed Product made and placed in inventory but not sold or otherwise disposed of prior to such expiration or termination date, Licensee "I have a period of twelve (12) months to sell or otherwise dispose of such Licensed Product and pay to Polaroid the amount of royalties due and during said twelve (12) month period Licensee shall make the reports specified in ...
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Compensation; Accounting. (a) As compensation for the designs and services rendered hereunder, the Company shall pay minimum compensation to the Design Partnership each year during the term of this Agreement.
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Compensation; Accounting. Provide a control environment which enables reporting of financial information to internal management, help measure performance and support business decision making for the Services Recipient; • Review the compensation balances financial statements for purposes of meeting external reporting requirements; • Undertake an analytical review of transactions included within the ledger and substantiate these by liaising with departments and internal management including, but not limited to, the Business, Payroll, HR, Tax, Legal, Entity Controllers, Broker Compensation and Partnership; • Reconciliation of compensation values processed through payroll; • Collation of supporting documentation including contracts and approvals are available; • Analytical review of transactions and reporting to senior management; • Implement accounting policies and procedures for company schemes.
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Compensation; Accounting. 4.1 Commencing with the First Renewal Term (as defined in Schedule C to the License Agreement), if the term hereof is extended beyond the Initial Term (as defined in paragraph 8 of the License Agreement), Company shall pay to the Design Partnership minimum compensation for each year during the term of this Agreement. The minimum compensation for each year commencing with the First Renewal Term shall be an amount equal to [Omitted; Material Filed Separately With The Securities And Exchange Commission]% of the actual earned compensation due for the immediately preceding year; provided, however, that the minimum compensation obligation for each year of the First Renewal Term shall in no event be less than [Omitted; Material Filed Separately With The Securities And Exchange Commission]; for each year of the Second Renewal Term no less than [Omitted; Material Filed Separately With The Securities And Exchange Commission]; for each year of the Third Renewal Term no less than [Omitted; Material Filed Separately With The Securities And Exchange Commission]; for each year of the Fourth Renewal Term no less than [Omitted; Material Filed Separately With The Securities And Exchange Commission]; for each year of the Fifth Renewal Term no less than [Omitted; Material Filed Separately With The Securities And Exchange Commission]; and for each year of the Sixth Renewal Term no less than [Omitted; Material Filed Separately With The Securities And Exchange Commission](each such term as defined in Schedule C to the License Agreement). Minimum compensation for each year shall be paid on a quarterly basis within thirty (30) days after the end of each quarter during the term hereof, commencing with the-first quarter of the First Renewal Term. No credit shall be permitted against minimum compensation payable for any year on account of actual or mini compensation paid for any other year, and minimum compensation shall not be returnable. For the purposes of this Agreement, the term "Year" shall mean a period of twelve (12) months commencing on each January 1 during the term of this Agreement; provided, however, that the term "first year" shall mean the 17-month period commencing on August 1, 1995 and ending on December 31, 1996. 4.2 The company shall pay to the Design Partnership earned compensation based on the Net Sales Price of Licensed Products manufactured or imported and sold by the Company hereunder. Earned compensation shall equal [Omitted; Material Filed Separately With Th...
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Compensation; Accounting 
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Related to Compensation; Accounting

  • Deferred Compensation Account The Employer shall maintain on its books and records a Deferred Compensation Account to record its liability for future payments of deferred compensation and interest thereon required to be paid to the Employee or his beneficiary pursuant to this Agreement. However, the Employer shall not be required to segregate or earmark any of its assets for the benefit of the Employee or his beneficiary. The amount reflected in said Deferred Compensation Account shall be available for the Employer's general corporate purposes and shall be available to the Employer's general creditors. The amount reflected in said Deferred Compensation Account shall not be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, attachment or garnishment by creditors of the Employee or his beneficiary, and any attempt to anticipate, alienate, transfer, assign or attach the same shall be void. Neither the Employee nor his beneficiary may assert any right or claim against any specific assets of the Employer. The Employee or his beneficiary shall have only a contractual right against the Employer for the amount reflected in said Deferred Compensation Account and shall have the status of general unsecured creditors. Notwithstanding the foregoing, in order to pay amounts which may become due under this Agreement, the Employer may establish a grantor trust (hereinafter the "Trust") within the meaning of Section 671 of the Internal Revenue Code of 1986, as amended. The assets in such Trust shall at all times be subject to the claims of the general creditors of the Employer in the event of the Employer's bankruptcy or insolvency, and neither the Employee nor any beneficiary shall have any preferred claim or right, or any beneficial ownership interest in, any such assets of the Trust prior to the time such assets are paid to the Employee or beneficiary pursuant to this Agreement. The Employer shall credit to said Deferred Compensation Account the amount of any salary to which the Employee becomes entitled and which is deferred pursuant to Section 1 hereof, such amount to be credited as of the first business day of each month. The Employer shall also credit to said Deferred Compensation Account an Interest Equivalent in the amount and manner set forth in Section 3 hereof.

  • Compensation and FUND ACCOUNTING Expenses FUND ACCOUNTING shall be paid as compensation for its services pursuant to this Agreement such compensation as may from time to time be agreed upon in writing by the two parties. FUND ACCOUNTING shall be entitled, if agreed to by the Fund on behalf of the Portfolio, to recover its reasonable telephone, courier or delivery service, and all other reasonable out-of-pocket, expenses as incurred, including, without limitation, reasonable attorneys' fees and reasonable fees for pricing services.

  • Deferral Account Crediting. The Company shall establish a Deferral Account on its books for the Director, and shall credit to the Deferral Account the following amounts:

  • PREMIUM ACCOUNTING The Company will pay the Reinsurer premiums in accordance with the terms specified in Exhibit C-1. The method and requirements for reporting and remitting premiums are specified in Exhibit F.

  • Monthly Accountings Silicon shall provide Borrower monthly with an account of advances, charges, expenses and payments made pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Silicon), unless Borrower notifies Silicon in writing to the contrary within thirty days after each account is rendered, describing the nature of any alleged errors or admissions.

  • Tax Accounting Services (1) Maintain accounting records for the investment portfolio of the Fund to support the tax reporting required for “regulated investment companies” under the Internal Revenue Code of 1986, as amended (the “Code”). (2) Maintain tax lot detail for the Fund’s investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method designated by the Trust. (4) Provide the necessary financial information to calculate the taxable components of income and capital gains distributions to support tax reporting to the shareholders.

  • Fiscal Year; Accounting The Company's fiscal year shall be the calendar year with an ending month of December.

  • Annual Accounting The Custodian shall, at least annually, provide the Depositor or Beneficiary (in the case of death) with an accounting of such Depositor's account. Such accounting shall be deemed to be accepted by the Depositor or the Beneficiary, if the Depositor or Beneficiary does not object in writing within 60 days after the mailing of such accounting statement.

  • Compensation Benefits and Expenses During the Term, the Bank shall compensate the Executive for his services as provided in this Section 3. Unless otherwise determined by the Company Board, all payments and benefits provided in this Agreement shall be paid or provided solely by the Bank. Notwithstanding anything in this Agreement to the contrary, no provision of this Agreement shall be construed so as to result in the duplication of any payment or benefit. Unless otherwise determined by the Company Board, the Company’s sole obligation under this Agreement shall be to unconditionally guarantee the payment and provision of all amounts and benefits due hereunder to Executive, and the affirmative obligations of the Company as set forth at Section 3(h), herein, with respect to Indemnification, and, if such amounts and benefits due from the Bank are not timely paid or provided by the Bank, such amounts and benefits shall be paid or provided by the Company.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

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