Compensation and Expenses of the TAC. The TAC Members shall not be entitled to compensation for their services, but the Talc Trust will promptly reimburse each TAC Member for, or, if so instructed, pay directly for the benefit of such TAC Member, all reasonable out-of-pocket costs or expenses incurred by such TAC Member in connection with the performance of his or her duties hereunder including without limitation the premiums of any liability insurance policy the TAC Members obtain to cover the TAC Members’ duties and actions in connection with the Talc Trust. Such reimbursement or direct payment shall be deemed a Talc Trust Expense. The Talc Trust shall include a description of the amounts reimbursed or paid under this Section 5.6 in the Annual Report to be filed with the Bankruptcy Court and provided to the TAC, the FCR, the Reorganized Debtor, and J&J pursuant to Section 2.2(c)(i).
Compensation and Expenses of the TAC. Each member of the TAC shall receive compensation from the Tort Claims Trust for attendance at meetings or other Tort Claims Trust business performed in the form of a reasonable hourly rate set by the Tort Claims Trustee, but in no event less than $600 per hour. In addition, the Tort Claims Trust shall promptly reimburse each member of the TAC for any reasonable out-of-pocket fees and expenses incurred by him or her in connection with the performance of his or her duties as a member of the TAC. Such compensation or reimbursement shall be deemed a Tort Claims Trust Expense. The Tort Claims Trust shall include a reasonably detailed description of the amounts paid under this Section 6.6 in the Annual Report.
Compensation and Expenses of the TAC. For all time expended as TAC members, including attending meetings, preparing for such meetings, and working on authorized special projects, the TAC members shall receive the sum of $500 per hour. For all non-working travel time in connection with Asbestos Trust business, the TAC members shall receive the sum of $250 per hour. All time shall be computed on a decimal hour basis. The TAC members shall record all hourly time to be charged to the Asbestos Trust on a daily basis. The hourly compensation payable to the TAC members hereunder shall be reviewed every year by the Trustee(s) and, after consultation with the members of the TAC and the FCR, appropriately adjusted by the Trustee(s) for changes in the cost of living. The Asbestos Trust shall also promptly reimburse members of the TAC for all reasonable out-of-pocket costs and expenses incurred in connection with the performance of their duties hereunder. Such reimbursement or direct payment shall be deemed an Asbestos Trust expense. The Asbestos Trust shall include a description of the amounts paid under this Section 5.6 in the Annual Report to be filed with the Bankruptcy Court pursuant to Section 2.2(c)(i).
Compensation and Expenses of the TAC. (a) Each disinterested TAC member shall receive compensation of $1,500 per diem from the Trust for his or her ser vices as a TAC member.
(b) The Trust will promptly reimburse, or pay directly if so instructed, the TAC member for all reasonable out-of-pocket costs and expenses, including fees and costs associated with employment of experts pursuant to Article 7.5 incurred by the CLOSING BINDER INDEX TAB NO. _____ TAC member in connection with the performance of his or her duties hereunder. Such reimbursement or direct payment shall be deemed a Trust Expense.
Compensation and Expenses of the TAC. 10
(a) The members of the TAC shall be entitled to reasonable compensation for their services and shall be reimbursed promptly for all reasonable out-of-pocket costs and expenses incurred in connection with the performance of their duties hereunder. The TAC shall, in its sole discretion, be permitted to procure and maintain insurance in addition to insurance procured and maintained by the PSAN PI/WD Trust, the cost of which shall be paid directly by the PSAN PI/WD Trust. Such compensation, reimbursements or direct payments shall be deemed a PSAN PI/WD Trust Expense, provided, however that any such reimbursement will be funded solely through contributions to the PSAN PI/WD Trust by Participating OEMs in accordance with a funding allocation agreement to be agreed upon by the Participating OEMs, provided, further, however that any such reimbursement shall be subject to compliance with the
Compensation and Expenses of the TAC. Subject to the limitations set forth in Section 4.5 above, each member of the TAC shall receive compensation from the NAS Monitoring Trust Operating Reserve for attendance at meetings or the performance of other Trust business at a reasonable hourly rate set and determined by a majority vote of the members of the TAC. The Trustee shall promptly reimburse each member of the TAC from the NAS Monitoring Trust Operating Reserve for any reasonable out-of-pocket fees and expenses incurred by him or her in connection with the performance of his or her duties as a member of the TAC. The NAS Monitoring Trust shall include a description of the amounts paid under this Section 5.6 in the Annual Report to be provided to the Opioid MDT II pursuant to Section 2.2.
Compensation and Expenses of the TAC. The member(s) of the TAC shall receive compensation from the Hospital Trust for services on the TAC at the same hourly rate as the Trustee (but with no annual retainer), set forth in Section 4.5 herein. Additionally, the Hospital Trust will promptly reimburse the member(s) of the TAC for all reasonable out-of-pocket costs and expenses incurred in connection with the performance of their duties hereunder. Such reimbursement or direct payment shall be deemed a Hospital Trust expense. The Hospital Trust shall include a description of the amounts paid under this Section 5.6 in the Annual Report to be provided to the Opioid MDT II pursuant to Section 2.2.
Compensation and Expenses of the TAC. The members of the TAC shall not receive compensation from the Asbestos Trust for their services as TAC members. However, the members of the TAC shall be reimbursed promptly for all reasonable out-of-pocket costs and expenses incurred in connection with the performance of their duties hereunder. Such reimbursement shall be deemed an Asbestos Trust expense. The Asbestos Trust shall include a description of the amounts paid under this Section 5.6 in the Annual Report to be filed with the Bankruptcy Court and provided to the FCR and the TAC pursuant to Section 2.2(c)(i).
Compensation and Expenses of the TAC. The members of the TAC shall not receive compensation from the Talc Trust for their services as TAC members. However, the Talc Trust will promptly reimburse the members of the TAC for all reasonable out-of-pocket costs and expenses incurred in connection with the performance of their duties hereunder. Such reimbursement or direct payment shall be deemed a Talc Trust expense. The Talc Trust shall include a description of the amounts paid under this Section 5.6 in the Annual Report to be filed with the Bankruptcy Court and provided to the FCR and the TAC pursuant to Section 2.2(c)(i).
Compensation and Expenses of the TAC. The members of the TAC shall receive compensation from the PI Trust for their services as TAC members in the form of a reasonable hourly rate set by the Trustee for attendance at meetings or other conduct of PI Trust business, computed on a quarter-hour basis. The members of the TAC shall also be reimbursed promptly for all reasonable out-of-pocket costs and expenses incurred in connection with the performance of their duties hereunder. Such reimbursement or direct payment shall be deemed a PI Trust expense. The PI Trust shall include a description of the amounts paid under this Section 5.6 in the Annual Report to be filed with the Bankruptcy Court and provided to the Futures Representative and the TAC pursuant to Section 2.2(c)(i).
