General and Administrative Expense. Cite the rate and the base. In the case of nonprofit organizations, this item will usually be included in the indirect cost.
General and Administrative Expense. Notwithstanding the provisions of Subsection (f) of Section 8 of the Loan Agreement, Borrower and Guarantors shall not permit cash general and administrative expenses on a consolidated basis to exceed $75,000.00 per month during term of this Agreement; provided, however, that (i) the net proceeds from the Stock Options under Section 8 above and the proceeds from the Subordinate Loans under Section 9 above may be used by Borrower for general and administrative expenses in excess of this monthly limit, (ii) reasonable costs and expenses incurred by Borrower in connection with the Subordinate Loans shall not be subject to this limit, and (iii) unpaid general and administrative expenses in excess of this monthly limit may be accrued and paid only after the Revolving Note and all other obligations under this Agreement and the Loan Agreement are paid in full, and all outstanding Letters of Credit, including the Nicaragua Letters of Credit, are terminated or cash secured to Lender's satisfaction.
General and Administrative Expense. 2.11.1 The services for all personnel of the CONTRACTOR as per subpart2.2.4 as well as the contribution of the CONTRACTOR to the Petroleum Operations of an intangible nature shall be made compensated by an annual overhead charge based on a sliding scale percentage.
General and Administrative Expense. ARAMARK’s allowance for the financial reporting, legal, tax and audit services and management oversight provided to client locations by ARAMARK at the regional and corporate levels. Such allowance shall be $0.0250 per meal served under the NSLP and SBP and Meal Equivalents served.
General and Administrative Expense. General and administrative expense consists primarily of salaries and other related costs for personnel in executive, finance, accounting, information technology and human relations functions. Other costs include facility costs, professional fees for legal and accounting services, and provision for doubtful accounts. SALES AND MARKETING EXPENSE. Sales and marketing expense consists primarily of salaries and related expenses for personnel in sales, marketing and customer support functions. We also incur costs for trade shows, demonstration equipment, public relations and marketing materials, consisting primarily of the printing and distribution of our 1,000 page catalog and the maintenance of our web
General and Administrative Expense. Limitation of the Credit Agreement is hereby amended by deleting the section in its entirety and substituting the following:
General and Administrative Expense. Operator shall charge the Non-Operators for General and Administrative Expenses allocated to the Program or Partnership in accordance with generally accepted accounting principles.
General and Administrative Expense. The Borrower shall not permit general and administrative expense recognized as an expense under GAAP to exceed $3,000,000 in the aggregate for the Borrower and its Subsidiaries and U.S. Energy Corp. and its subsidiaries, on a combined basis, for fiscal year 2016 or fiscal year 2017. For purposes of this Section 9.20, general and administrative expenses shall exclude stock-based compensation expense, depreciation, amortization, and similar expenses that will not ultimately be settled in cash.
General and Administrative Expense. Adjustment represents the net increase of certain executive compensation and benefits in connection with the employment agreement for the Waycare executive to become an officer of the Company, resulting in an increase in annual compensation concurrent with the acquisition. Additionally, the adjustment reflects the net increase in share-based compensation expenses as a result of the $5,000,000 RSU’s that were issued to Waycare employees and the retirement of Waycare’s stock options. A break of out the adjustment is as follows (dollars in thousands): Six Months ended June 30, 2021 Year ended December 31, 2020 Net increase in compensation expense $ 70 $ 140 Net increase in share-based compensation expense 632 1,265 Total $ 702 $ 1,405
General and Administrative Expense. “G&A”) A percentage of the Performance Component will be earned in accordance with the table below based on the Company’s G&A per barrel oil equivalent (excluding all costs, professional fees, services and expenses associated with the restructuring of the Company and its affiliates): Percentage of the Performance Component Earned First Period Second Period Third Period Fourth Period 10% $2.28 $2.28 $2.28 $2.28 20% $2.07 $2.07 $2.07 $2.07 30% $1.86 $1.86 $1.86 $1.86 Performance between the percentages and amounts set forth above will be determined using straight-line interpolation. If the Completion Date occurs prior to the end of any Performance Period, the Performance Period in which the Completion Date occurs and any subsequent Performance Period will be deemed to be earned at 20%. The percentage of the Performance Component earned for Performance Tranche 5 will be the average of the percentage of the Performance Component earned for each Performance Period. For example, if 15% is earned in the First Period, 20% is earned in the Second Period, 25% is earned in the Third Period and 20% is earned in the Fourth Period, the percentage of the Performance Component earned for Performance Tranche 5 would be 20%.
