Common use of Fixed remuneration Clause in Contracts

Fixed remuneration. For the implementation of the mandate as manager in accordance with this Agreement, the annual remuneration, as of April 1, 2013 is set at EUR 169,505.00 This remuneration will be paid to the MANAGER in 12 equal monthly installments at the end of each calendar month. In the case of late payment, legally and without notice, a monthly interest equal to the legal interest rate for late payment in commercial transactions shall be indebted. In case of suspension of the execution of this agreement due to incapacity of the MANAGER for more than 30 consecutive calendar days, the payment of the remuneration provided for in this clause shall be suspended for the period following the 30th calendar day of disability until the date of resuming the activities. In addition to the fixed remuneration as provided for in the first paragraph of clause 5, the MANAGER is also entitled to

Appears in 1 contract

Samples: Management Agreement (TAMINCO Corp)

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Fixed remuneration. For the implementation of the mandate as manager in accordance with this Agreement, the annual remuneration, as of April 1, 2013 is set at EUR 169,505.00 158,826.00 This remuneration will be paid to the MANAGER in 12 equal monthly installments at the end of each calendar month. In the case of late payment, legally and without notice, a monthly interest equal to the legal interest rate for late payment in commercial transactions shall be indebted. In case of suspension of the execution of this agreement due to incapacity of the MANAGER for more than 30 consecutive calendar days, the payment of the remuneration provided for in this clause shall be suspended for the period following the 30th calendar day of disability until the date of resuming the activities. In addition to the fixed remuneration as provided for in the first paragraph of clause 5, the MANAGER is also entitled to

Appears in 1 contract

Samples: Management Agreement (TAMINCO Corp)

Fixed remuneration. For the implementation of the mandate as manager in accordance with this Agreement, the annual remuneration, as of April 1, 2013 is set at EUR 169,505.00 242,000.00 This remuneration will be paid to the MANAGER in 12 equal monthly installments at the end of each calendar month. In the case of late payment, legally and without notice, a monthly interest equal to the legal interest rate for late payment in commercial transactions shall be indebted. In case of suspension of the execution of this agreement due to incapacity of the MANAGER for more than 30 consecutive calendar days, the payment of the remuneration provided for in this clause shall be suspended for the period following the 30th calendar day of disability until the date of resuming the activities. In addition to the fixed remuneration as provided for in the first paragraph of clause 5, the MANAGER is also entitled to

Appears in 1 contract

Samples: Management Agreement (TAMINCO Corp)

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Fixed remuneration. For the implementation of the mandate as manager in accordance with this Agreement, the annual remuneration, as of April 1, 2013 is set at EUR 169,505.00 336,000.00 This remuneration will be paid to the MANAGER in 12 equal monthly installments at the end of each calendar month. In the case of late payment, legally and without notice, a monthly interest equal to the legal interest rate for late payment in commercial transactions shall be indebted. In case of suspension of the execution of this agreement due to incapacity of the MANAGER for more than 30 consecutive calendar days, the payment of the remuneration provided for in this clause shall be suspended for the period following the 30th calendar day of disability until the date of resuming the activities. In addition to the fixed remuneration as provided for in the first paragraph of clause 5, the MANAGER is also entitled to

Appears in 1 contract

Samples: Management Agreement (TAMINCO Corp)

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