Director’s Compensation and Related Matters Sample Clauses

Director’s Compensation and Related Matters. The Director’s initial compensation shall be no less than $75,000 for a minimum guarantee of 13 weeks (inclusive of two weeks preparation time and one week cutting allowance time). Additional deferred compensation, if any, shall be subject to individual negotiation. The Director shall be “pay or play” for the “run of the picture” beginning the earlier of (a) the closing of the financing for the picture, (b) issuance of a completion bond or guarantee, or (c) the date any cast member becomes “pay or play.” The “pay or play” obligation shall be satisfied by payment of the agreed salary owed for the unexpired period of the Director’s guarantee. A replacement Director shall be paid 125% of the previous Director’s salary for the unexpired period of the previous Director’s guarantee. The Guild will give good faith consideration to waivers of the minimum salary requirements for a Director directing his or her first theatrical motion picture.
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Director’s Compensation and Related Matters. The Director’s initial compensation shall be no less than $75,000 for a minimum guarantee of 13 weeks (inclusive of two weeks preparation time and one week cutting allowance time). Additional deferred compensation, if any, shall be subject to individual negotiation. The Director shall be pay or play for the “run of the picture” beginning the earlier of (a) the closing of the financing for the picture, (b) issuance of a completion bond or guarantee, (c) the date any cast member becomes pay or play. The pay or play obligation shall be satisfied by payment of the agreed salary owed for the unexpired period of the Director’s guarantee. A replacement Director shall be paid 125% of the previous Director’s salary, for the unexpired period of the previous Director’s guarantee.
Sample 1Sample 2
Director’s Compensation and Related Matters. (i) For pictures with budgets greater than $3,750,000 but equal to or less than $5,500,000, Directors, including Second Unit Directors, may be paid discounted salary no less than seventy-five percent (75%) of the applicable minimum salary in Article 3 of the BA. No deferment shall be required. A replacement Director shall be paid not less than 150% of minimum compensation (as set forth herein) for the work performed. (ii) For pictures with budgets greater than $5,500,000 but equal to or less than $8,500,000, Directors, including Second Unit Directors, may be paid discounted salary no less than seventy-five percent (75%) of the applicable minimum salary in Article 3 of the BA. No deferment shall be required. A replacement Director shall be paid not less than 150% of minimum compensation (as set forth herein) for the work performed. (iii) For pictures with budgets greater than $8,500,000 but equal to or less than $11,000,000, Directors, including Second Unit Directors, may be paid discounted salary no less than ninety percent (90%) of the applicable minimum salary in Article 3 of the BA. No deferment shall be required. A replacement Director shall be paid not less than 150% of minimum compensation (as set forth herein) for the work performed. (iv) For pictures at budget Levels 3 and 4, the Guild will give good faith consideration to waivers of the minimum salary requirements for a Director directing his or her first theatrical motion picture.
Sample 1Sample 2
Director’s Compensation and Related Matters. The Director’s initial compensation, daily rate (if any is agreed upon), and preparation time will be subject to negotiation between Employer and the Director. The Director shall be “pay or play” for the “run of the picture” beginning the earlier of (a) the closing of the financing for the Picture, (b) issuance of a completion bond or guarantee, or (c) the date any cast member becomes “pay or play.” The “pay or play” obligation shall be satisfied by payment of the agreed salary owed for the unexpired period of the Director’s guarantee. A replacement Director shall receive compensation equal to no less than the remaining amount due to the previous Director.
Sample 1Sample 2
Director’s Compensation and Related Matters. (i) For pictures with budgets greater than $3,605,000 but equal to or less than $7,000,000, Directors, including Second Unit Directors, may be paid discounted salary no less than seventy-five percent (75%) of the applicable minimum salary in Article 3 of the BA. No deferment shall be required. A replacement Director shall be paid not less than 150% of minimum compensation (as set forth herein) for the work performed. (ii) For pictures with budgets greater than $7,000,000 but equal to or less than $9,500,000, Directors, including Second Unit Directors, may be paid discounted salary no less than ninety percent (90%) of the applicable minimum salary in Article 3 of the BA. No deferment shall be required.
Sample 1
Director’s Compensation and Related Matters. The following items are subject to negotiation between the Director and Employer:
Sample 1
Director’s Compensation and Related Matters. The Director’s initial compensation, daily rate (if any is agreed upon), and preparation time will be subject to negotiation between Employer and the Director. The Director shall be pay or play for the “run of the picture” beginning the earlier of (a) the closing of the financing for the picture, (b) issuance of a completion bond or guarantee,
Sample 1
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Related to Director’s Compensation and Related Matters

  • Compensation and Related Matters During the Term of the Executive’s employment, as compensation and consideration for the performance by the Executive of the Executive’s duties, responsibilities and covenants pursuant to this Agreement, the Company shall pay the Executive and the Executive agrees to accept in full payment for such performance the amounts and benefits set forth below.

  • SUB-ADVISER'S COMPENSATION The Fund shall pay to the Sub-Adviser, as compensation for the Sub-Adviser's services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by the Fund. The Sub-Adviser will be compensated based on the portion of Fund assets allocated to the Sub-Adviser by the Adviser. The method for determining net assets of the Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund's prospectus. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Adviser’s Compensation Each Fund shall pay to the Adviser, as compensation for the Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by each Fund. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s Registration Statement. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Compensation of Directors; Expenses The Board shall have the authority to fix the compensation of Directors. The Directors may be paid their expenses, if any, of attendance at meetings of the Board, which may be a fixed sum for attendance at each meeting of the Board or a stated salary as Director. No such payment shall preclude any Director from serving the Company in any other capacity and receiving compensation therefor. Members of special or standing committees may be allowed like compensation for attending committee meetings.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which the Company or an affiliate of the Company may from time to time make available to the Employee, the Employee shall be entitled to the following during the Employment Term: (a) the standard Company benefits enjoyed by the Company’s other top executives as a group; (b) medical and other insurance coverage (for the Employee and any covered dependents) provided by the Company to its other top executives as a group; (c) supplemental disability insurance sufficient to provide two-thirds of the Employee’s pre-disability Annual Base Salary; (d) an annual incentive bonus opportunity under the Company’s annual incentive plan (“Annual Bonus Plan”) for each calendar year included in the Employment Term, with such opportunity to be earned based upon attainment of performance objectives established by the Committee (“Annual Bonus”). The Employee’s target Annual Bonus under the Annual Bonus Plan shall be no less than 150% of the Employee’s Annual Base Salary (collectively, the target and maximum are referred to as the “Annual Bonus Opportunity”). The Employee’s Annual Bonus Opportunity may be periodically reviewed and increased (but not decreased without the Employee’s express written consent) at the discretion of the Committee. The Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Unless provided otherwise herein or the Board determines otherwise, no Annual Bonus shall be paid to the Employee unless the Employee is employed by the Company, or an affiliate thereof, on the Annual Bonus payment date; and (e) participation in the Company’s equity incentive plans.

  • Certain Compensation Other than in connection with a Conversion of an Affected Loan, Borrower shall pay to Administrative Agent for the account of the applicable Bank, upon the request of such Bank through Administrative Agent which request includes a calculation of the amount(s) due, such amount or amounts as shall be sufficient (in the reasonable opinion of such Bank) to compensate it for any loss, cost or expense which such Bank reasonably determines is attributable to: (1) any payment or prepayment of a LIBOR Loan or Bid Rate Loan made by such Bank, or any Conversion of a LIBOR Loan (or conversion of the rate of interest on a Bid Rate Loan) made by such Bank, in any such case on a date other than the last day of an applicable Interest Period, whether by reason of acceleration or otherwise; (2) any failure by Borrower for any reason to Convert a LIBOR Loan or a Base Rate Loan or to Continue a LIBOR Loan, as the case may be, to be Converted or Continued by such Bank on the date specified therefor in the relevant notice under Section 2.14; (3) any failure by Borrower to borrow (or to qualify for a borrowing of) a LIBOR Loan or Bid Rate Loan which would otherwise be made hereunder on the date specified in the relevant Election notice under Section 2.14 or Bid Rate Quote acceptance under Section 2.02(e) given or submitted by Borrower; or (4) any failure by Borrower to prepay a LIBOR Loan or Bid Rate Loan on the date specified in a notice of prepayment. Without limiting the foregoing, such compensation shall include an amount equal to the present value (using as the discount rate an interest rate equal to the rate determined under (2) below) of the excess, if any, of (1) the amount of interest (less the Applicable Margin) which otherwise would have accrued on the principal amount so paid, prepaid, Converted or Continued (or not Converted, Continued or borrowed) for the period from the date of such payment, prepayment, Conversion or Continuation (or failure to Convert, Continue or borrow) to the last day of the then current applicable Interest Period (or, in the case of a failure to Convert, Continue or borrow, to the last day of the applicable Interest Period which would have commenced on the date specified therefor in the relevant notice) at the applicable rate of interest for the LIBOR Loan or Bid Rate Loan provided for herein, over (2) the amount of interest (as reasonably determined by such Bank) based upon the interest rate which such Bank would have bid in the London interbank market for Dollar deposits, for amounts comparable to such principal amount and maturities comparable to such period. A determination of any Bank as to the amounts payable pursuant to this Section shall be conclusive absent manifest error. The obligations of Borrower under this Section shall survive the repayment of all amounts due under or in connection with any of the Loan Documents and the termination of the Loan Commitments in respect of the period prior to such termination.

  • Compensation and Employee Benefits SECTION 13.01.

  • 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: 1.5.2. For completion and approval of all PROJECTS/SERVICES where “Extra Work” (defined as changes in approved portions of the PROJECT/SERVICES required by and ordered in writing by DIRECTOR which changes constitute a change in or departure from said approved portions of PROJECTS/SERVICES) is not authorized, compensation including reimbursables shall be described and payable as stipulated in Fee Schedule, herein after referred to as “Attachment B”, attached hereto and incorporated herein by reference. 1.5.3. Where extra work is authorized for PROJECTS/SERVICES: a. The amount for Extra Work shall be determined using Attachment B. Extra Work shall be required by and ordered in writing by DIRECTOR. If this CONTRACT is not approved by the Board of Supervisors, any change that increases the cumulative CONTRACT price beyond $100,000 must be approved by the Board. Increases in the CONTRACT amount for services within the existing scope of work may be granted by the DIRECTOR where the amount does not exceed 25 percent of the existing CONTRACT price or $100,000, whichever is less. b. A-E's billing for the Extra Work shall include but not be limited to names of A- E's staff employed in the Extra Work, classification of employees and number of hours worked. 1.5.4. For partial completion of work of PROJECTS/SERVICES followed by default on part of A-E: a. For failure to complete and secure approval of the first required submittal, there shall be no compensation. b. For failure to complete and secure approval of other authorized phases, A-E shall, upon completion of PROJECTS/SERVICES by others, be entitled to receive compensation based on approved work of PROJECTS/SERVICES not to exceed the amounts specified in Attachment A for that particular submittal, plus the reasonable value as determined by COUNTY of the non-approved work; provided, however, that if the cost to COUNTY to complete the contract exceeds the amount specified herein, A-E shall be liable to COUNTY for such excess costs attributable to A-E's breach of the CONTRACT.

  • Compensation of the Executive 3 4. Termination.........................................................................

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

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