COMPENSATION FOR INTERNAL AUDIT FUNCTION Sample Clauses

COMPENSATION FOR INTERNAL AUDIT FUNCTION. In addition to the Service Fee and Expenses, as compensation payable to RMR for the provision of an internal audit function to the Company pursuant to subparagraph 1.1(p), the Company agrees to reimburse RMR, within 30 days of the receipt of the invoice therefor, for a pro rata share of the following costs of RMR: (i) employment expenses of RMR’s internal audit manager and other employees of RMR actively engaged in providing internal audit services, including but not limited to salary, wages, payroll taxes and the cost of employee benefit plans; and (ii) the reasonable travel and other out-of-pocket expenses of RMR relating to the activities of RMR’s internal audit manager and other of RMR’s employees actively engaged in providing internal audit services and the reasonable third party expenses which RMR incurs in connection with its provision of internal audit services. 4. This Amendment may be executed in any number of counterparts, all of which taken together shall constitute one and the same instrument. 5. This Amendment shall be interpreted, construed, applied and enforced in accordance with the laws of The Commonwealth of Massachusetts applicable to contracts between residents of Massachusetts which are to be performed entirely within Massachusetts.