Common use of FEE METHODOLOGY Clause in Contracts

FEE METHODOLOGY. This Schedule B outlines the methodology used to determine the fees to be paid for Services provided during the term of the agreement. All fees are billed and payable quarterly in arrears. The fees for any calendar quarter during which the Provider is engaged in providing the Services for less than a full quarter shall be determined on a pro rata basis. Recipient shall pay to Provider such fee in cash within ten days after the last business day of the calendar quarter. Rent, Utilities & Occupancy Tax Incurred or accrued expenses allocated based on total rentable square footage (including common areas) utilized by each Recipient at its applicable office location as of the first day of each fiscal quarter Ex: (Xxxxxx utilized 6th floor sq ft / total 6th floor rentable sq ft) x 6th floor rent expense = Xxxxxx allocated rent expense Other Office Expenses(1) Incurred or accrued expenses allocated based percent of total headcount for each Recipient relative to total US Advisory plus Asset Management headcount as of the first day of each fiscal quarter Ex: (Xxxxxx headcount / (total US Advisory + AM headcount)) x Other Office Expenses = Xxxxxx allocated Other Office Expense IT Infrastructure / Communications Incurred or accrued expenses allocated based percent of total headcount for each Recipient relative to total US Advisory plus Asset Management headcount as of the first day of each fiscal quarter Information Services Based on specific market data licenses or other expenses incurred specifically by the Recipient Financial Reporting (incl. Audit Support) Fixed quarterly fees for service-related expenses to be mutually agreed Accounts Payable Tax Compliance Support Legal & Compliance Human Resources Investor Relations Office Services Management Helpdesk Recipient Services to Provider Fixed quarterly fee for general management support services provided by Asset Management to Advisory to be mutually agreed

Appears in 2 contracts

Samples: Master Services Agreement (Moelis & Co), Master Services Agreement (Moelis & Co)

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FEE METHODOLOGY. This Schedule B outlines the methodology used to determine the fees to be paid for Services provided during the term of the agreement. All fees are billed and payable quarterly in arrears. The fees for any calendar quarter during which the Provider is engaged in providing the Services for less than a full quarter shall be determined on a pro rata basis. Recipient shall pay to Provider such fee in cash within ten days after the last business day of the calendar quarter. Rent, Utilities & Occupancy Tax Incurred or accrued expenses allocated based on total rentable square footage (including common areas) utilized by each Recipient at its applicable office location as of the first day of each fiscal quarter Ex: (Xxxxxx utilized 6th floor sq ft / total 6th floor rentable sq ft) x 6th floor rent expense = Xxxxxx allocated rent expense Other Office Expenses(1) Incurred or accrued expenses allocated based percent of total headcount for each Recipient relative to total US Advisory plus Asset Management headcount as of the first day of each fiscal quarter Ex: (Xxxxxx headcount / (total US Advisory + AM headcount)) x Other Office Expenses = Xxxxxx allocated Other Office Expense IT Infrastructure / Communications Incurred or accrued expenses allocated based percent of total headcount for each Recipient relative to total US Advisory plus Asset Management headcount as of the first day of each fiscal quarter Information Services Based on specific market data licenses or other expenses incurred specifically by the Recipient Financial Reporting (incl. Audit Support) Fixed quarterly fees for service-related expenses to be mutually agreed Accounts Payable Tax Compliance Support Legal & Compliance Human Resources Investor Relations Office Services Management Helpdesk Fixed quarterly fees for service-related expenses to be mutually agreed Recipient Services to Provider Fixed quarterly fee for general management support services provided by Asset Management to Advisory to be mutually agreed

Appears in 1 contract

Samples: Master Services Agreement (Moelis & Co)

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FEE METHODOLOGY. This Schedule B outlines the methodology used to determine the fees to be paid for Services provided during the term of the agreement. All fees are billed and payable quarterly in arrears. The fees for any calendar quarter during which the Provider is engaged in providing the Services for less than a full quarter shall be determined on a pro rata basis. Recipient shall pay to Provider such fee in cash within ten days after the last business day of the calendar quarter. Rent, Utilities & Occupancy Tax Incurred or accrued expenses allocated based on total rentable square footage (including common areas) utilized by each Recipient at its applicable office location as of the first day of each fiscal quarter Ex: (Xxxxxx utilized 6th floor sq ft / total 6th floor rentable sq ft) x 6th floor rent expense = Xxxxxx allocated rent expense Other Office Expenses(1) Incurred or accrued expenses allocated based percent of total headcount for each Recipient relative to total US Advisory plus Asset Management headcount as of the first day of each fiscal quarter Ex: (Xxxxxx headcount / (total US Advisory + AM headcount)) x Other Office Expenses = Xxxxxx Services Management Based on allocated Other Office Expense compensation cost of services provided in Moelis office space. IT Infrastructure / Communications Incurred or accrued expenses allocated based percent of total headcount for each Recipient relative to total US Advisory plus Asset Management headcount as of the first day of each fiscal quarter Information Services Helpdesk Based on specific market data licenses or other expenses incurred specifically by the Recipient allocated cost per head (currently $625 per person per year) Accounts Payable Fixed quarterly fee based on estimated compensation cost of services for each business. Tax Compliance Support Fixed quarterly fee based on estimated compensation cost of services for each business. Financial Reporting (incl. Audit Support) Fixed quarterly fees for service-related expenses to be mutually agreed Accounts Payable Tax Compliance fee based on estimated compensation cost of services. Legal Support Legal & Compliance Fixed quarterly fee based on estimated compensation cost of services. Human Resources Fixed quarterly fee based on estimated compensation cost of services. Allocated to each business based on headcount. Investor Relations Office Services Fixed quarterly fee based on estimated compensation cost of services. Junior Management Helpdesk Resource Fixed quarterly fee based on estimated compensation cost of services. Recipient Services to Provider Fixed quarterly fee for general management support services provided by Asset Management to Advisory to be mutually agreed

Appears in 1 contract

Samples: Master Services Agreement (Moelis & Co)

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