COMPENSATION OF MANAGEMENT Sample Clauses
COMPENSATION OF MANAGEMENT. COMPANY (a) As compensation for the services to be rendered by the Management Company as provided herein, for each of the years this Agreement is in effect, the Fund shall pay the Management Company an annual fee equal to .75 of 1 percent of the average daily closing value of the net assets of Series A, Series B, Series D, and Series E, of the Fund and .50 of 1 percent of the average daily closing value of the net assets of Series C of the Fund computed on a daily basis. Such fee shall be adjusted and payable monthly. If this Agreement shall be effective for only a portion of a year, then the Management Company's compensation for said year shall be prorated for such portion. For purposes of this Section 5, the value of the net assets of each such Series shall be computed in the same manner at the end of the business day as the value of such net assets is computed in connection with the determination of the net asset value of the Fund's shares as described in the Fund's prospectus.
COMPENSATION OF MANAGEMENT. Increase compensation to executive officers above the amount that has been agreed upon by Lender and the Company's Compensation Committee.
COMPENSATION OF MANAGEMENT. At present management is being paid substantial compensation from capital. As a result, a significant portion of offering proceeds may be used to pay salaries before there are sufficient revenues to fully cover salaries and other compensation.
COMPENSATION OF MANAGEMENT. In addition to its share of distributions as provided elsewhere in this Agreement, Management (or its affiliates) shall be entitled to the following fees:
(a) In respect of the management of the Company Assets, an annual fee of 1 percent of total Company equity as determined by an independent analysis using fair market value of the assets as determined by knowledgeable sources including ▇▇▇ & Associates procuring, and/or other brokers who may be a Member of the Company .
(b) In respect of property management, unless same is outsourced, oversight and administration, a property management fee equal not to exceed 5 percent of the gross rents collected from the Property.
COMPENSATION OF MANAGEMENT. Practice shall pay to Management, as full and complete compensation for the provision of the Management Services described in this Agreement, the fee set forth on Exhibit D (the “Management Fee”). The Practice’s failure to pay the Management Fee or reimbursable expenses when due will be considered a material breach of this Agreement.
(a) The parties have determined the Management Fee to be equal to the fair market value of the Management Services, without consideration of the proximity of the Practice to any referral sources or the volume or value of any referrals from Management or any of its affiliates to the Practice or from the Practice to Management or any of its affiliates, that is reimbursed under any government or private health care payment or insurance program.
(b) Payment of the Management Fee is not conditioned upon a requirement that Practice make referrals to, be in a position to make or influence referrals to, or otherwise generate business for Management or any of its affiliates or a requirement that Management or any of its affiliates make referrals to, be in a position to make or influence referrals to, or otherwise generate business for the Practice. The Management Fee does not include any discount, rebate, kickback or other reduction in charge.
(c) Remittances to the Practice of monies collected will be made net of that portion of the Management Fee then due and owing to Management pursuant to this Agreement.
COMPENSATION OF MANAGEMENT. Company a) As compensation for the services to be rendered by the Management Compa ny as provided for herein, for each of the years this Agreement is in effect, the Fund shall pay the Management Company an annual fee equal to .75 percent of the average daily closing value of the net assets of Global Aggressive Bond Series of the Fund, and .50 percent of the average daily closing value of the net assets of Corporate Bond Series, Limited Maturity Bond Series, and U.S. Government Series of the Fund, computed on a daily basis. Such fee shall be adjusted and payable monthly. If this Agreement shall be effective for only a portion of a year, then the Management Company's compensation for said year shall be prorated for such portion. For purposes of this Section 5, the value of the net assets of each such Series shall be computed in the same manner at the end of the business day as the value of such net assets is computed in connection with the determination of the net asset value of the Fund's shares as described in the Fund's prospectus.
COMPENSATION OF MANAGEMENT. In addition to its share of distributions as provided elsewhere in this Agreement, Management (or its affiliates) shall be entitled to the following fees:
(a) In respect of the management of the Company Assets, an annual fee of 1 percent of total Company equity as determined by an independent analysis.
(b) In respect of property management, unless same is outsourced, oversight and administration, a property management fee equal not to exceed 5 percent of the gross rents collected from the Property.
