CONCESSION AGREEMENT COMPENSATION Sample Clauses

CONCESSION AGREEMENT COMPENSATION. It is recognized that this space is a valuable piece of commercial real estate in the heart of the Martha’s Vineyard regional economic center. Pursuant to FAA requirements, in no case shall the overall compensation be less that the minimum specified in this RFP. Electrical service is not currently metered. Until the time that a dedicated supplier’s electric meter in installed, proposer shall pay $1,000 per month to the Airport for electric service as additional rent. First Agreement Year Minimum Annual Guarantee (MAG): $36,500.00 or $ Second Agreement Year MAG: $37,960.00 or $ Third Agreement Year MAG: $39,478.40 or $ Fourth Agreement Year MAG: $41,057.54 or $ Fifth Agreement Year MAG: $42,700.00 or $ No later than April 15th, 2021, 2022, 2023, 2024 and October 15, 2025, the Concessionaire agrees to pay to the Martha’s Vineyard Airport (“Airport”), three percent (3%) of its Gross Revenues from $300,000 to $500,000 and five percent (5%) of its Gross Revenues over $500,000 for the previous 12 month period, and the final 6 month period – April 1 – September 30, 2025 (as defined in the Concession Agreement). As an example: Gross $0 - $300,000-$500,000 $500,000.01 + = Additional Total Paid to MAG Sales $299,999.99 =0 = 3% 5% Percent of Gross Paid to MVAC MVAC 36,500 $298,000 0 0 0 0 $36,500 36,500 $400,000 0 $3,000 0 $3,000 $39,500 36,500 $550,000 0 $6,000 $2,499.99 $8,499.99 $44,999.99 SECTION IV. PROPOSAL REQUIREMENTS A. NATURE OF USE Any zoning or permitting issues are the responsibility of the proposer. Any proposer is encouraged to contact the appropriate Town departments to determine if the proposed plan poses any serious hurdles or significant restrictions.
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CONCESSION AGREEMENT COMPENSATION. It is recognized that this space is a valuable piece of commercial real estate in the heart of the Martha’s Vineyard regional economic center. Pursuant to FAA requirements, in no case shall the overall compensation be less that the minimum specified in this RFP. Electrical service is not currently metered. Until the time that a dedicated supplier’s electric meter in installed, proposer shall pay $1,000 per month to the Airport for electric service as additional rent. No later than January 31st annually, the Concessionaire agrees to pay to the Martha’s Vineyard Airport (“Airport”), ten percent (10%) of its Gross Revenues from the previous calendar year (as defined in the Concession Agreement), when that 10% amount is greater than the MAG of the previous calendar year.

Related to CONCESSION AGREEMENT COMPENSATION

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • AMENDMENT TO EMPLOYMENT CONTRACT DATE September, 2019 The employment contract between School District 271, Kootenai County, State of Idaho, and XXXXX XXXXXXXX for the 2019/2020 school year is hereby amended as follows: The salary to be paid this certificated employee will be changed to $24,071 placement: BA plus 22 credits on year 8.5 working 0.5 FTE for 190 days. This amendment to the contract only changes the placement and salary amount. Other items listed in the original contract remain the same.

  • Compensation; Employment Agreements; Etc Enter into or amend or renew any employment, consulting, severance or similar agreements or arrangements with any director, officer or employee of Metropolitan or its Subsidiaries, or grant any salary or wage increase or increase any employee benefit (including incentive or bonus payments), except (i) for normal individual increases in compensation to employees in the ordinary course of business consistent with past practice, (ii) for other changes that are required by applicable law, and (iii) to satisfy Previously Disclosed contractual obligations existing as of the date hereof.

  • Reciprocal Compensation The arrangement for recovering, in accordance with Section 251(b)(5) of the Act, the FCC Internet Order, and other applicable FCC orders and FCC Regulations, costs incurred for the transport and termination of Reciprocal Compensation Traffic originating on one Party’s network and terminating on the other Party’s network (as set forth in Section 7 of the Interconnection Attachment).

  • Duration of Agreement; Not Employment Contract This Agreement shall continue until and terminate upon the latest of: (i) ten (10) years after the date that Indemnitee shall have ceased to serve as director, officer, employee or agent of the Company or any other Enterprise, (ii) one (1) year after the date of final termination of any Proceeding, including any appeal, then pending in respect of which Indemnitee is granted rights of indemnification or advancement hereunder and of any proceeding, including any appeal, commenced by Indemnitee pursuant to Section 12 of this Agreement relating thereto or (iii) the expiration of all statutes of limitation applicable to possible Proceedings to which Indemnitee may be subject arising out of Indemnitee’s Corporate Status. The indemnification provided under this Agreement shall continue as to the Indemnitee even though he or she may have ceased to be a director or officer of the Company or of any of the Company’s direct or indirect subsidiaries or to have Corporate Status. This Agreement shall be binding upon the Company and its successors and assigns and shall inure to the benefit of Indemnitee and Indemnitee’s heirs, executors and administrators. The Company shall require and cause any successor, and any direct or indirect parent of any successor, whether direct or indirect by purchase, merger, consolidation or otherwise, to all, substantially all or a substantial part, of the business and/or assets of the Company, by written agreement in form and substance satisfactory to Indemnitee, expressly to assume and agree to perform this Agreement in the same manner and to the same extent that the Company would be required to perform if no such succession had taken place. This Agreement shall not be deemed an employment contract between the Company (or any of its subsidiaries or any other Enterprise) and Indemnitee. Indemnitee specifically acknowledges that Indemnitee’s employment with the Company (or any of its subsidiaries or any other Enterprise), if any, is at will, and Indemnitee may be discharged at any time for any reason, with or without cause, except as may be otherwise provided in any written employment contract between Indemnitee and the Company (or any of its subsidiaries or any other Enterprise), other applicable formal severance policies duly adopted by the Board, or, with respect to service as a director of the Company, by the Certificate of Incorporation, the Bylaws or the DGCL.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Employment Compensation Schedule 3.16 contains a true and correct list of all employees to whom Company is paying compensation, including bonuses and incentives, at an annual rate in excess of Fifteen Thousand Dollars ($15,000) for services rendered or otherwise; and in the case of salaried employees such list identifies the current annual rate of compensation for each employee and in the case of hourly or commission employees identifies certain reasonable ranges of rates and the number of employees falling within each such range.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • Fixed Term Contract 1.1 The Customer shall use the following applicable Service Plan for the period specified in the Sales and Services Agreement (“Term”). The Term shall start from the service effective date. 1.2 The Service will take effect one day after the service installation.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

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