Fixed Compensation. Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.
Fixed Compensation. Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation in the aggregate includes $35,833 per month for ancillary support services to supervise up to fifty (50) representatives dedicated to selling only Masterworks’ offerings.
Fixed Compensation. IndieBrokers will receive certain additional fixed compensation pursuant to a separate agreement with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation includes, $15,000 per month for ancillary support services provided to up to and including twenty five (25) representatives.
Fixed Compensation. IndeBrokers will receive certain additional fixed compensation pursuant to a separate agreement with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation includes, $5,000 per month for ancillary support services and $750 per month for supervisory services for each representative beyond one representative dedicated to working on Masterworks transactions.
Fixed Compensation. SDDco-BA will receive certain additional fixed compensation pursuant to a separate agreement with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation includes, $5,000 per month for ancillary support services and $750 per month for supervisory services for each representative beyond one representative dedicated to working on Masterworks transactions.
Fixed Compensation. The Company shall pay to the Consultant, as fixed base compensation (“Base Compensation”) for the Services under Section 2.2(b), (c) and (d), Two Hundred Seventy-Five Thousand Dollars ($275,000) per annum during the term of this Agreement, payable in twelve (12) equal consecutive monthly installments and pro rated daily for any partial period of service.
Fixed Compensation. For the services to be rendered by the Employee under this Agreement the Company shall pay Employee a fixed compensation of $52,000 per year (inclusive of any amounts subject to federal or state employment related withholding requirements), payable in arrears in equal weekly installments or otherwise as the parties may agree (“Fixed Compensation”).
Fixed Compensation. For the services to be rendered by the Employee under this Agreement the Company shall pay Employee annual fixed compensation (“Fixed Compensation”) as follows: (i) $78,000 per year (inclusive of any amounts subject to federal or state employment related withholding requirements) for the period commencing on the date of this Amendment and ending on June 4, 2013, and (ii) $91,000 per year (inclusive of any amounts subject to federal or state employment related withholding requirements) for the period commencing on June 5, 2013 and ending on January 18, 2016. Such Fixed Compensation shall be payable in arrears in equal weekly installments or otherwise as the parties may agree.”
Fixed Compensation. During the Extension Term and any Renewal Term, Consultant shall be compensated at the monthly rate of Twenty-four Thousand and no/100 Dollars ($24,000).
Fixed Compensation. The Employee’s fixed compensation shall be based on a monthly salary of Ten Thousand ($10,000.00) payable monthly.
