Determination of Senior Executive Personnel Additional Benefit Pool. The Senior Executive Personnel Additional Benefit Pool shall accrue in an Operating Year and shall be payable in the following Operating Year. The Operator shall be paid an amount not to exceed $48,000 for the Operating Year beginning on January 1, 2012, and an amount not to exceed $49,920 for the Operating Year beginning on January 1, 2013, as the then applicable Senior Executive Personnel Additional Benefit Pool.
Appears in 3 contracts
Samples: Golf Course Operating Agreement, Golf Course Operating Agreement, Golf Course Operating Agreement
Determination of Senior Executive Personnel Additional Benefit Pool. The Senior Executive Personnel Additional Benefit Pool shall accrue in an Operating Year and shall be payable in the following Operating Year. The Operator shall be paid an amount not to exceed $48,000 46,295 for the Operating Year beginning on January 1, 2012, and an amount not to exceed $49,920 48,610 for the Operating Year beginning on January 1, 2013, and an amount not to exceed $41,000 for the Operating Year beginning on January 1, 2014, as the then applicable Senior Executive Personnel Additional Benefit Pool.
Appears in 2 contracts
Samples: Golf Course Operating Agreement, Golf Course Operating Agreement
