Common use of Employee Costs Clause in Contracts

Employee Costs. (a) Except as otherwise set forth herein, or agreed by the Parties, the Company shall have no obligation to reimburse the Advisor for any wages, salaries, payroll taxes, cash bonus payments, employee benefit plan costs and other benefits (“Employee Costs”) incurred by the Advisor with respect to employees of the Advisor providing services related to the day-to-day operation of the Company.