Consideration for Services Rendered Sample Clauses

Consideration for Services Rendered. As consideration and payment for services rendered, the CITY agrees to pay CHS the following: 4.1 $540,000 for facility operations and maintenance services to include janitorial, grounds keeping, pest control, facility maintenance and upkeep, security, fire and safety inspection compliance, utility services, insurance and related facility operations and maintenance expenses. 4.2 $176,528 to support Tricentennial Park administration to include: leadership; facility and site development; public relations, marketing and fundraising; accounting; administrative and human resource functions; grant and legal compliance; evaluation and oversight; and master planning and strategic planning. 4.3 One percent (1%) of the total gross revenues generated through operations of The Premises shall be payable directly to CHS and deducted by CHS from said revenues generated at The Premises as a Management Fee; payment to be made/deducted no later than January 31, per year from prior year gross revenues for each year of the Term providing demonstrable satisfactory financial accounting has been maintained throughout the fiscal year. 4.4 CHS will deliver to the CITY by October 1 of each year of the term a budget for the following year with explanation of any increase in overall support that might be requested. 4.5 CHS and the CITY reserve the right to negotiate changes in the support of facilities and operations at the end of any year within the Initial and Renewal Term(s) should unexpected events arise necessitating such negotiations, however, CHS shall not receive less than 1% of the total gross revenue generated in each year of the Term as previous described. In the event the parties cannot agree on support of the facilities and operations, then this Agreement shall terminate.
Sample 1
AutoNDA by SimpleDocs
Consideration for Services Rendered. In consideration of Executive entering into this Agreement and performing his obligations hereunder, including the restrictions contained in Section 4, the Company shall compensate Executive with an aggregate cash payment of $[ ] to be paid in [ ] ( ) monthly installment payments of $[ ]. Such installment payments shall commence to be paid on [ ], and thereafter shall be paid on the fifteenth (15th) day of each month until [ ], with a final payment of $[ ] on [ ], in accordance with the Company’s normal accounts payable procedures. For purposes of the application of Treasury Regulation Section 1.409A-1(b)(4)(i), each such installment payment shall be deemed a separate payment. Executive acknowledges and agrees that payment of all amounts under this Section 3 are conditioned upon Executive executing this Agreement and not rescinding, breaching or threatening to breach any of the terms of this Agreement (including, without limitation, the release of all claims set forth in Section 10 below).
Sample 1
Consideration for Services Rendered. In consideration of Executive entering into this Agreement and performing her obligations hereunder, including the restrictions contained in Section 4, the Company shall compensate Executive with an aggregate cash payment of $1,650,000 to be paid in ten (10) monthly installment payments of $137,500. Such installment payments shall commence to be paid on May 29, 2009, and thereafter shall be paid on the fifteenth (15th) day of each month until February 15, 2010, with a final payment of $275,000 on March 15, 2010, in accordance with the Company’s normal accounts payable procedures. For purposes of the application of Treasury Regulation Section 1.409A-1(b)(4)(i), each such installment payment shall be deemed a separate payment. Executive acknowledges and agrees that payment of all amounts under this Section 3 are conditioned upon Executive executing this Agreement and not rescinding, breaching or threatening to breach any of the terms of this Agreement (including, without limitation, the release of all claims set forth in Section 10 below).
Sample 1
Consideration for Services Rendered. For the first twelve (12) months of the Term, the compensation payable by the Company to the Consultant for the work performed pursuant to this Agreement shall be US$75,000 per month. The compensation for each successive twelve (12) month period of the Term shall be increased by an amount not less than the percentage increase in Consumer Price Index for All Urban Consumers, Northeast for the preceding calendar year.
Sample 1
Consideration for Services Rendered. In exchange for Consultant's providing the services as described herein, the Company shall pay the Consultant the amount set forth in paragraph 4 of Exhibit A. In addition, as set forth in paragraph 4 of Exhibit A, Consultant shall have the right to purchase shares of the Company's Common Stock pursuant to a Stock Purchase Agreement of even date herewith. In addition, the Company shall reimburse the Consultant for all expenses approved in writing by the Company including travel.
Sample 1
Consideration for Services Rendered. The compensation payable by the Company to the Consultant for the work performed pursuant to this Agreement shall be 1,000,000 warrants (the "Consultant Warrants") to purchase the Class A Common Stock (the "Class A Stock") of the Company. Each of the Consultant Warrants shall be exercisable to purchase one share of Class A Stock at a price of $0.50 per share and shall have a term of five (5) years. It is understood by the parties hereto that the present value of the Consultant Warrants will be determined by the investment banker engaged by the Company. In connection therewith, the Company will be responsible for the federal and state income tax consequences arising from the Consultant receipt of the Warrants. The form of Consultant Warrants Certificate is attached hereto as Exhibit B.
Sample 1

Related to Consideration for Services Rendered

  • Compensation for Services Provided As compensation for providing portfolio supervisory services in its capacity as Portfolio Supervisor, evaluation services in its capacity as Evaluator, and for providing bookkeeping and other administrative services to the Trust of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940, and to the extent that such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee, First Trust Advisors L.P. shall receive, in arrears, against a statement or statements therefor submitted to the Trustee monthly or annually an aggregate annual fee in the per Unit amount set forth in Part II of the Trust Agreement for the Trust, calculated based on the largest number of Units outstanding during the calendar year, except during the initial offering period as determined in Section 4.01 of this Indenture, in which case the fee is calculated based on the largest number of Units outstanding during the period for which the compensation is paid (such annual fee to be pro rated for any calendar year in which First Trust Advisors L.P. provides services described herein during less than the whole of such year). Such fee may exceed the actual cost of providing such services for the Trust, but at no time will the total amount received for such services rendered to unit investment trusts of which the Depositor is the sponsor in any calendar year exceed the aggregate cost to First Trust Advisors L.P. of supplying such services in such year. Such compensation may, from time to time, be adjusted provided that the total adjustment upward does not, at the time of such adjustment, exceed the percentage of the total increase after the date hereof in consumer prices for services as measured by the United States Department of Labor Consumer Price Index entitled "All Services Less Rent of Shelter" or similar index, if such index should no longer be published. The consent or concurrence of any Unit holder hereunder shall not be required for any such adjustment or increase. Such compensation shall be paid by the Trustee, upon receipt of an invoice therefor from First Trust Advisors L.P., which shall constitute the representation by First Trust Advisors L.P. that the bookkeeping and administrative services for which compensation is claimed are properly compensable hereunder and that the aggregate cost incurred by First Trust Advisors L.P. of providing portfolio supervisory, evaluation and bookkeeping and administrative services hereunder was not less than the compensation claimed, upon which representation the Trustee may conclusively rely. Such compensation shall be charged against the Income and/or Capital Accounts in accordance with Section 3.05. If the cash balance in the Income and Capital Accounts shall be insufficient to provide for amounts payable pursuant to this Section 4.03, the Trustee shall have the power to sell (i) Securities from the current list of Securities designated to be sold pursuant to Section 5.02 hereof, or (ii) if no such Securities have been so designated, such Securities as the Trustee may see fit to sell in its own discretion, and to apply the proceeds of any such sale in payment of the amounts payable pursuant to this Section 4.03. Any moneys payable to First Trust Advisors L.P. pursuant to this Section 4.03 shall be secured by a lien on the Trust prior to the interest of Unit holders, but no such lien shall be prior to any lien in favor of the Trustee under the provisions of Section 6.04 herein.

  • Reimbursement for Services Rendered If this Agreement is held to be invalid for any reason, and the Practice is required to refund fees, You agree to pay the Practice an amount equal to the fair market value of the medical services You received during the time period for which the refunded fees were paid.

  • Compensation for Services You may be eligible to receive compensation for providing certain services in respect of Shares of the Funds if you meet the requirements of and enter into a Bank Services Agreement with American Funds Service Company.

  • Services Rendered At the discretion of the Committee, Shares may be awarded under the Plan in consideration of services rendered to the Company or a Subsidiary. If Shares are awarded without the payment of a Purchase Price in cash, the Committee shall make a determination (at the time of the Award) of the value of the services rendered by the Participant and the sufficiency of the consideration to meet the requirements of Section 6(b).

  • Payment for Services Contractor shall exert reasonable and diligent efforts to collect prompt payment from the Commonwealth. Contractor shall pay Subcontractor in proportion to amounts received from the Commonwealth which are attributable to the Services performed by Subcontractor. Contractor shall pay Subcontractor within fourteen (14) days after the Contractor receives such payment from the Commonwealth, unless the parties expressly agree upon a different payment schedule or structure as set forth below: ______________________________________________________________________________________________________________________________________________________________________________________________________________________________________.

  • Compensation for Additional Services Additional Services shall be compensated as set forth on Exhibit A for the stipulated payment amounts set forth therein. Other Additional Services not set forth on Exhibit A that are required or requested by the Owner shall be compensated as agreed, using the methodology set forth on Exhibit A, prior to the Design Professional undertaking such Additional Services; provided, however, that if such compensation cannot be agreed, the Additional Services shall be performed at the hourly rates set forth and listed in Exhibit B, plus reimbursable expenses pursuant to Article 4.1.3 below, with a limitation as to maximum amount specified.

  • Fees for Services The compensation of the Subadviser for its services under this Agreement shall be calculated and paid by the Adviser in accordance with the attached Schedule C. Pursuant to the Investment Advisory Agreement between the Fund and the Adviser, the Adviser is solely responsible for the payment of fees to the Subadviser.

  • Fee for Services Recipient agrees to pay to Contran $282,500 quarterly on the first business day of each quarter, commencing as of January 1, 2002, pursuant to this Agreement.

  • Contract for Services The parties intend this Agreement to be a contract for the provision of services and not a contract for the sale of goods. To the fullest extent permitted by law, the provisions of the Uniform Commercial Code (UCC), the Uniform Computer Information Transaction Act (UCITA), the United Nations Convention on Contracts for the International Sale of Goods, and any substantially similar legislation as may be enacted, shall not apply to this Agreement.

  • Charges for Services In consideration for the Services, Client agrees to pay to Consultant the sum of Two Hundred Thousand (200,000) shares of the common stock of Client, which shall be issued to Consultant as soon as practical following execution hereof, free and clear of all liens, encumbrances and restrictions as provided in Section 4 hereof.

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