Modification of Compensation Sample Clauses

Modification of Compensation. WPCTSA and Seniors First agree to amend Article 17, “Compensation”, in the Partnership Agreement to reflect a not to exceed amount of $123,640 annually.
Sample 1
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Modification of Compensation. AgFirst acknowledges and agrees that its compensation under the Servicing Agreements for its reduced central servicing obligations with respect to each Loan shall be calculated at the applicable Servicing Fee Rate set forth in the applicable Servicing Agreement less [material omitted pursuant to a request for confidential treatment and filed separately with the SEC]. In consideration of Xxxxxx Mac's performance of the servicing obligations transferred by this Transfer Agreement, Xxxxxx Mac shall receive a Servicing Fee with respect to each Loan calculated at a Servicing Fee Rate of [material omitted pursuant to a request for confidential treatment and filed separately with the SEC]. AgFirst acknowledges and agrees that any such Servicing Fee payable to Xxxxxx Mac does not include any transfer fees separately payable by AgFirst to Xxxxxx Mac with respect to a Loan in connection with the transfer of central servicing rights and obligations from HarvestOne Funding, LLC and Western Farm Credit Bank to AgFirst. AgFirst further acknowledges and agrees that, except for: (1) a $500 fee with respect to each partial release for which AgFirst prepares the documentation or other servicing action for which AgFirst performs legal work; and (2) any field servicer fees payable to AgFirst under the Servicing Agreements, AgFirst shall not be entitled to any other servicing compensation under the Servicing Agreements, including any compensation in the form of assumption fees, late payment charges, interest calculated at a penalty rate, or other service charges imposed upon borrowers in connection with servicing the Loans. AgFirst shall deposit that portion of the Servicing Fee and other servicing compensation due to Xxxxxx Mac in the Collection Account with the related Installment Payment and report that amount to Xxxxxx Mac in the Central Servicer Report for the related Collection Period.
Sample 1
Modification of Compensation. Notwithstanding the provisions of Section 7 below, the parties recognize that some of the products that are being or will be offered to customers for Specialty Physician Management Services may not fit the economic model envisioned at Section 7. In such a situation, the parties agree that they will in good faith attempt to revise the economic structure to create a budget tailored to the needs of the customer, and to appropriately divide the Service Fee. If the parties cannot agree to any modification of compensation hereunder, they shall submit their disputes to arbitration pursuant to Subsection 11.10.
Sample 1
Modification of Compensation. (a) For the period from the Effective Date through December 31, 2001, the Executive will continue to receive his Minimum Salary (currently payable at the rate of $1,600,000 per year).
Sample 1
Modification of Compensation. Upon the mutual written agreement of the Company and the Executive, which may occur one or more times during the Initial Term of this Agreement or any renewal term, the Executive and the Company may agree that all or a portion of the compensation payable by the Company to the Executive pursuant to the provisions of this Article II or other provisions of this Agreement shall be suspended until such time as the financial circumstances of the Company more appropriately permit the payment of such compensation. With respect to any compensation, the payment of which is suspended, such compensation payment suspended shall accrue for the benefit of the Executive and shall be promptly paid in one or more installments upon the Company's attainment of the financial capability to effect such payment. If requested by the Executive, the Company shall cause to be prepared and delivered to the Executive one or more promissory notes evidencing such accrued but unpaid compensation hereunder and the principal of such note or notes shall bear interest at an annual rate equal to the corporate prime rate as charged from time to time by Northern Trust Bank of Florida, N.A., Sarasota, Florida.
Sample 1

Related to Modification of Compensation

  • Changes to Compensation Notwithstanding anything contained herein to the contrary, Employee acknowledges that the Company specifically reserves the right to make changes to Employee’s compensation in its sole discretion including, but not limited to, modifying or eliminating a compensation component. The Parties agree that such changes shall be deemed effective immediately and a modification of this Agreement unless, within seven (7) days after receiving notice of such change, Employee exercises his right to terminate this Agreement without cause or for “Good Reason” as provided below in Paragraph No. 11. The Parties anticipate that Employee’s compensation structure will be reviewed on an annual basis but acknowledge that the Company shall have no obligation to do so.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Compensation of Consultant The Company hereby agrees to compensate Consultant $1,000 per month payable on the first business day of the month.

  • Modification of Services Credit Union reserves the right to modify the Service from time to time without making prior notice to Member, provided, however, that Credit Union will give you at least thirty (30) days notice prior to making any modifications to the Service that would materially alter their functionality.

  • Change in Compensation If the Board decides to increase the Chief Compliance Officer’s compensation or provide a bonus to the Chief Compliance Officer, then the fees paid to NLCS by the Trust will increase proportionately for any amounts it deems due to the Chief Compliance Officer above the amounts due to NLCS under this Agreement.

  • Effect of Termination on Compensation In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination.

  • Termination of 401(k) Plan The Company agrees to terminate its 401(k) plan immediately prior to the Closing, unless Parent, in its sole and absolute discretion, agrees to sponsor and maintain such plan by providing the Company with notice of such election at least five days before the Effective Time.

  • TERM, MODIFICATION AND TERMINATION OF AGREEMENT This Agreement with respect to the Fund shall continue in effect until the expiration date set forth on Schedule A (the “Expiration Date”). With regard to the Operating Expense Limits, the Trust’s Board of Trustees and the Adviser may terminate or modify this Agreement prior to the Expiration Date only by mutual written consent. This Agreement shall terminate automatically upon the termination of the Advisory Agreement; provided, however, that the obligation of the Trust to reimburse the Adviser with respect to a Fund shall survive the termination of this Agreement unless the Trust and the Adviser agree otherwise.

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012.

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