FEES AND BONUSES Sample Clauses

FEES AND BONUSES. 20.1 Within thirty (30) days after either the Date of Declaration of each Commercial Discovery of Oil or Gas in the Contract Area or approval of a Development Plan for Gas Field, Contractor shall pay Petrobangla Discovery Bonus of three (3) million Dollars. 20.2 Contractor shall pay Petrobangla the following Production Bonuses for Oil after a period of thirty (30) consecutive producing days, within thirty (30) days after the first date when the total average daily Production of Oil from each field separately from the Contract Area has been sustained at the rate of: a) 10,000 barrels per day, the sum of amount 500,000 Dollars ($). b) 20,000 barrels per day, the sum of amount 1,000,000 Dollars ($). c) 30,000 barrels per day, the sum of amount 2,000,000 Dollars ($). d) 40,000 barrels per day, the sum of amount 2,500,000 Dollars ($). e) 50,000 barrels per day, the sum of amount 3,000,000 Dollars ($). f) 100,000 barrels per day, the sum of amount 4,000,000 Dollars ($). 20.3 Contractor shall pay to Petrobangla the following Production Bonuses for Gas after a period of thirty (30) consecutive producing days, within thirty (30) days after the first date when the total average daily production of Gas each field separately from the Contract Area has been sustained at the rate of: a) 75 MMCF/day, the sum of amount 500,000 Dollars ($). b) 150 MMCF/day, the sum of amount 1,000,000 Dollars ($). c) 225 MMCF/day, the sum of amount 2,000,000 Dollars ($). d) 300 MMCF/day, the sum of amount 2,500,000 Dollars ($). e) 375 MMCF/day, the sum of amount 3,000,000 Dollars ($). f) 450 MMCF per day, the sum of amount 4,000,000 US Dollars ($). g) 600 MMCF per day, the sum of amount 6,000,000 US Dollars ($). 20.4 Contractor shall at the end of each Calendar Year, pay to Petrobangla at the rate of US cents ten (10) per Barrel of Contractor's Profit Oil and Profit Condensate and/or NGL and US cents point four (0.4) per MCF of their profit Natural Gas received pursuant to Article
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FEES AND BONUSES. No portion of the Financial Proceeds or payments made under Article 3 shall be used to pay fees or bonuses to any member of the Community Council, or to any advisor or legal counsel acting on behalf of the Community or the Community Council in relation to, or as payment for, work done in the settlement process.
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FEES AND BONUSES. 9.1 Fees During Pre-Mobilization Period and Mobilization and Start-Up Period. For Services performed by Operator during the Pre-Mobilization Period, Owner shall pay Operator, in addition to the reimbursement of Operating Expenses pursuant to Article VIII, a fixed fee of $95,000 (as Indexed) per Month during the Pre-Mobilization Period (the “Pre-Mobilization Fee”) which shall be payable in arrears on the date specified in Section 8.
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FEES AND BONUSES. ‌ 33.1 The Contractor shall pay, on or before the beginning of the relevant Contract Year, to the Federal Government, the following surface fees: 33.1.1 one hundred US dollars (USD 100) per square kilometre per Calendar Year occurring during the Exploration Period (including any additional or extension periods); and 33.1.2 five hundred US dollars (USD 500) per square kilometre per Calendar Year occurring during the Development and Production period. 33.2 These surface fees shall be calculated on the basis of the surface area of the Contract Area on the date the payments are due.‌ 33.3 [A signature bonus in the amount of two million US dollars (USD [2,000,000]) shall be paid by the Contractor to the Ministry promptly upon execution of the Agreement by the Parties.] 33.4 A Development and Production Bonus in the amount of [two million US dollars (USD [2,000,000)] shall be paid by the Contractor to the Ministry in connection with the commencement of a Development and Production Plan under clause 3.5.1.‌ 33.5 The Contractor shall contribute to a fund to be established in accordance with terms and conditions agreed between the Contractor and the local communities, and approved by the Government of the Federal Member State ("Local Communities Fund"), a minimum of five hundred thousand US dollars (USD 500,000) per Calendar Year. The Contractor's obligation shall be increased to a minimum of one million US dollars (USD 1,000,000) per Calendar Year commencing with the adoption of the first Development Plan. The Contractor shall annually‌ report to the Minister of Petroleum and the Government of the Federal Member State on progress in fund implementation. 33.6 Fees and bonuses payable under clause 33 (other than the surface fees set out in sub-clause 33.1, 50% of the signature bonus set out in sub-clause 33.2 and the contributions to the Local Communities Fund as set out in sub-clause 33.5) may not be included in Petroleum Costs for the purpose of cost recovery under sub-clause 10.1 and late payment shall attract interest in accordance with sub-clause 34.2 hereof.
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FEES AND BONUSES. 32.1 The Contractor shall pay, on or before the beginning of the relevant Contract Year, to the Federal Government, the following surface fees: 32.1.1 US dollars [10] per square kilometre per Calendar Year occurring during the Exploration period (including any additional or extension periods); and 32.1.2 US dollars [100] per square kilometre per Calendar Year occurring during the Development and Production period. 32.2 These payments shall be calculated on the basis of the surface area of the Contract Area on the date the payments are due. 32.3 A signature bonus in the amount of US dollars [200,000] shall be paid by the Contractor to the Ministry promptly upon execution of the Agreement by the Parties. 32.4 The Contractor shall contribute to the Federal Government a minimum of US dollars [200,000] per Calendar Year for the Federal Government local communities fund established under the Act. The Contractor's obligation shall be increased to a minimum of US dollars [500,000] per Calendar Year commencing with the adoption of the first Development Plan. 32.5 Fees and bonuses payable under clause 32 (other than the surface fees set out in sub- clause 32.1 and the contribution to the local communities fund as set out in sub-clause 32.4) may not be included in Petroleum Costs for the purpose of cost recovery under sub-clause 9.1 and a late payment shall attract interest in accordance with sub-clause 33.2 hereof.
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FEES AND BONUSES. 15.1 The Lessee shall pay the following surface fees: (a) Fifty (50) Euros per square kilometer of the Contract Area annually during the Exploration Stage (First Phase); (b) One hundred (100) Euros per square kilometer of the Contract Area annually during the Exploration Stage (Second Phase); (c) Two hundred (200) Euros per square kilometer of the Contract Area annually during the Exploration Stage (Third Phase) and any extension thereof as provided for in Article 2.3; (d) in addition to fees paid in respect of paragraphs (a), (b) and (c) above, one thousand (1000) Euros per square kilometer of the Exploitation Area annually during all Phases of the Exploitation Stage. For the Calendar Year in which this Agreement is executed, the surface fee set forth in paragraph (a) above shall be calculated pro-rata from the Effective Date through to December 31st of said Calendar Year, and shall be paid within thirty (30) calendar days after the Effective Date. For succeeding Calendar Years, the surface fees set forth in paragraphs (a), (b) and (c) above shall be paid in advance, thirty (30) calendar days before the beginning of each Calendar Year. For the Calendar Year in which the Exploitation Period commences with regard to the Contract Area, the surface fee set forth in paragraph (d) above shall be calculated pro-rata from the date the Exploitation Period commences through to December 31st of said Calendar Year. For succeeding Calendar Years the surface fees set forth in paragraph (d) above shall be paid in advance, thirty (30) calendar days before the beginning of each Calendar Year. Surface fees shall be calculated based on the surface of the Contract Area and, where applicable, of the Exploitation Areas held by the Lessee on the date of payment of said surface rentals. In the event of surface relinquishment during a Calendar Year or in the event of Force Majeure, the Lessee shall have no right to be reimbursed for any surface fees already paid. 15.2 The Lessee shall pay the following amounts as bonus: (a) [……] Euros as a signature bonus within thirty (30) calendar days after the Effective Date; (b) [……] Euros after the total average daily production from Contract Area first reaches [……] barrels of oil per calendar day or equivalent for a period of sixty (60) consecutive calendar days; (c) [……] Euros after the total average daily production from Contract Area first reaches [..
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FEES AND BONUSES. 15.1 The Lessee shall pay the following surface fees: (a) (……) Euros per square kilometer of the Contract Area annually during the Exploration Stage (First Phase); (b) (…..) Euros per square kilometer of the Contract Area annually during the Exploration Stage (Second Phase); (c) (…..) Euros per square kilometer of the Contract Area annually during the Exploration Stage (Third Phase) and any extension thereof as provided for in Article 2.3; (d) In addition to fees paid in respect of paragraphs (a), (b) and (c) above, ……… ( ) Euros per square kilometer of the Exploitation Area annually during the Exploitation Stage. For the first Calendar Year from Effective Date, the surface fee set forth in paragraph (a) above shall be calculated pro-rata from the Effective Date through to December 31st of said Calendar Year, and shall be paid within thirty (30) calendar days of the Effective Date. For succeeding Calendar Years, the surface fees set forth in paragraphs (a), (b) and
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Related to FEES AND BONUSES

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule: (i) $42,750.00 [25% of salary and target incentive compensation], to be paid on the first payroll period following the Effective Time, (ii) $42,750.00 [25% of salary and target incentive compensation], to be paid on the first payroll period following six (6) months of Executive’s employment with Mercantile, (iii) $42,750.00 [25% of salary and target incentive compensation], to be paid on the first payroll period following twelve (12) months of Executive’s employment with Mercantile. After twelve (12) months of Executive’s employment with Mercantile, Executive will not be entitled to any further Severance or Retention benefits. The above-listed payments and benefits are in lieu of any and all payments and benefits to which Executive may otherwise have been entitled under the CIC Agreement or any other agreement or practice.

  • Bonuses Executive shall be entitled to participate in discretionary bonuses or other incentive compensation programs that the Company and the Bank may award from time to time to senior management employees pursuant to bonus plans or otherwise.

  • Recovery of Bonus and Incentive Compensation Any bonus and incentive compensation paid to you during a CPP Covered Period is subject to recovery or “clawback” by the Company if the payments were based on materially inaccurate financial statements or any other materially inaccurate performance metric criteria.

  • Cash Bonuses The Chief Executive Officer shall determine the Executive’s right to receive cash bonuses. Cash bonuses shall be awarded annually based upon the Executive’s and the Company’s annual performance pursuant to the Company’s policy. 5.

  • Annual Bonuses For each fiscal year during the term of employment, the Executive shall be eligible to receive a bonus in the amount, if any, as may be determined from time to time by the Board in its discretion.

  • Incentive Bonuses After the Company attains profitability, the Employee shall be eligible to be considered for an annual incentive bonus. Such bonus (if any) shall be awarded based on objective or subjective criteria established in advance by the Board or its Compensation Committee. The determinations of the Board or its Compensation Committee with respect to such bonus shall be final and binding. Except as expressly provided in this Agreement, the Employee shall not be entitled to an incentive bonus if he is not employed by the Company on the date when such bonus is payable.

  • Performance Bonuses The Executive will be eligible to receive an annual cash bonus at an annualized rate of up to 40% of his base salary, based on the achievement of reasonable individual and Company performance targets to be established by the Company and Parent.

  • Bonus and Incentive Compensation Executive shall be entitled to equitable participation in incentive compensation and bonuses in any plan or arrangement of the Bank or the Company in which Executive is eligible to participate. Nothing paid to Executive under any such plan or arrangement will be deemed to be in lieu of other compensation to which Executive is entitled under this Agreement.

  • COMPENSATION; EXPENSES (a) In consideration of the foregoing, the Advisor shall pay the Sub-advisor, with respect to the Fund, a fee as specified in Appendix B hereto. Such fees shall be accrued by the Advisor daily and shall be payable monthly in arrears on the first business day of each calendar month for services performed hereunder during the prior calendar month. If fees begin to accrue in the middle of a month or if this Agreement terminates before the end of any month, all fees for the period from that date to the end of that month or from the beginning of that month to the date of termination, as the case may be, shall be prorated according to the proportion that the period bears to the full month in which the effectiveness or termination occurs. Upon the termination of this Agreement with respect to the Fund, the Advisor shall pay to the Sub-advisor such compensation as shall be payable prior to the effective date of termination. (b) During the term of this Agreement, the Sub-advisor will pay all expenses incurred by it in connection with its activities under this Agreement other than the cost of securities and other investments (including brokerage commissions and other transaction charges, if any) purchased for the Portfolio. The Sub-advisor shall, at its sole expense, employ or associate itself with such persons as it reasonably believe to be particularly fitted to assist it in the execution of its duties under the Agreement. Except as set forth in Appendix B, the Sub-advisor shall not be responsible for the Trust’s, the Fund’s or the Advisor’s expenses, including any extraordinary and non-recurring expenses. (c) No fee shall be payable hereunder with respect to the Fund during any period in which the Fund invests all (or substantially all) of its investment assets in a registered, open-end, management investment company, or separate series thereof, in accordance with Section 12(d)(1)(E) under the 1940 Act, pursuant to the instruction of the Advisor and of the Trust’s Board of Trustees.

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