Compensation to Vantage as Manager Sample Clauses

Compensation to Vantage as Manager. As compensation for services rendered in the discharge of its duties as the Manager of the Company, Vantage will be paid a one-time management set-up fee of $25,000 and monthly payments thereafter of a management fee equal to $1,000; however, such compensation may be paid to Vantage directly by Borrower. Furthermore, the Company (or Borrower on its behalf) will reimburse Vantage for any expenses and costs incurred by it on behalf of the Company while discharging its duties as the Manager thereof. Notwithstanding the foregoing to the contrary, Vantage may agree, but shall not be obligated, to defer the payment of its fees until such time as the Company has sufficient cash available to pay such fees (whether payment is effectuated through distributions from Borrower, through offerings of membership interests in the Company, or conversion of accounts payable into an equity membership interest in the Company).
Sample 1
AutoNDA by SimpleDocs

Related to Compensation to Vantage as Manager

  • Compensation to Contractor The terms related to the price of the goods and/or services to be provided under this Agreement and the terms of payment to the Contractor are described in more detail in Attachment “B” to this Agreement: Price and Payment Information.

  • A-E Compensation and Extra Work 1.5.1. For the PROJECTS/SERVICES authorized under this CONTRACT, A-E shall be compensated in accordance with the following:

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Compensation for Unused Sick Leave 1. Employees who enter County service after July 1, 1979, shall not be eligible for compensation for any of their unused sick leave credits.

  • Compensation and Billing 4.1 If you are not an embedded retail generator, you agree that, subject to any applicable law:

  • Developer Compensation for Emergency Services If, during an Emergency State, the Developer provides services at the request or direction of the NYISO or Connecting Transmission Owner, the Developer will be compensated for such services in accordance with the NYISO Services Tariff.

  • Compensation for Overtime 9.5.1 All overtime hours, except those overtime hours exceeding twelve (12) hours in one day, shall be compensated at a rate of pay equal to time and one-half the regular rate of pay of the employee. Those overtime hours exceeding twelve (12) in one day shall be compensated at a rate of pay equal to two times the regular pay of the employee.

  • Compensation and Benefits As compensation for all services performed by the Executive under and during the term hereof and subject to performance of the Executive’s duties and of the obligations of the Executive to the Company and its Affiliates, pursuant to this Agreement or otherwise:

  • Compensation to Engineer A. City agrees to pay to Engineer for all services outlined in Section III, a base design fee in an amount not to exceed $254,160.00. The following services are not included in this base fee:

  • Vacation and Sick Leave Administration (a) for the purposes of administration of clauses 34.11 and 34.12, where an employee does not work the same number of hours each week, the normal workweek shall be the weekly average calculated on a monthly basis.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!