Office Maintenance. (a) the cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such maintenance costs will be as follows: (i) the expense of maintaining and operating Field Offices, less any revenue therefrom; and (ii) that portion of maintaining and operating the Supervision Offices which is equal to: (A) the anticipated total operating expenses of the Supervision Offices (B) (the anticipated total staff man days for the Employees whether in connection with the Operations or not; (C) the actual total time spent on the Operations by the Employee expressed in man days; (b) without limiting generality, the anticipated total operating expenses of the Supervision Offices will include: (i) the salaries and wages of the Operator’s Personnel which have been directly charged to the Supervision Offices; (ii) the Reasonable Expense of the Personnel; and (iii) Employee Benefits; and (c) the Operator will make an adjustment in respect of the Office Maintenance cost forthwith after the end of each Operating Year upon having determined the actual operating expenses and actual total staff man days referred to in Section [3.1(c)(i)(B)] of this Appendix B.
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Samples: Joint Venture Shareholders Agreement (Tara Minerals Corp.)
Office Maintenance. (ai) the The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such Office maintenance costs will shall be as follows:
(i) : the expense of maintaining and operating Field Offices, less any revenue therefrom; and
(ii) and that portion of maintaining and operating the Supervision Offices which is equal to:
(A) to the anticipated total operating expenses of the Supervision Offices
(B) (Offices divided by the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not;
(C) ; multiplied by the actual total time spent on the Mining Operations by the Employee expressed in man days;.
(bii) without Without limiting generalitygenerality of the foregoing, the anticipated total operating expenses of the Supervision Offices will shall include:
(i) A. the salaries and wages of the Operator’s 's Personnel which have been directly charged to the Supervision those Offices;
(ii) B. the Reasonable Expense Expenses of the Personnel; and
(C. Employee Benefits
iii) Employee Benefits; and
(c) the The Operator will shall make an adjustment in respect of the Office Maintenance cost forthwith after the end of each Operating Year upon having determined the actual operating expenses and actual total staff man days referred to in Section [3.1(c)(i)(B)] Clause 3.1(c)(2)(b) of this Appendix B.Schedule “C”.
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Samples: Property Option Agreement (Jedediah Resources Corp.)
Office Maintenance. (ai) the The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such maintenance costs will shall be as follows:
(i) A. the expense of maintaining and operating Field Offices, less any revenue therefrom; and
(ii) B. that portion of maintaining and operating the Supervision Offices which is equal to:
(A1) the anticipated total operating expenses of the Supervision OfficesOffices divided by
(B2) (the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not;; multiplied by
(C3) the actual total time spent on the Mining Operations by the Employee expressed in man days;.
(bii) without Without limiting generality, the anticipated total operating expenses of the Supervision Offices will shall include:
(i) A. the salaries and wages of the Operator’s Personnel which have been directly charged to the Supervision Offices;
(ii) B. the Reasonable Expense of the Personnel; and
C. Employee Benefits.
(iii) Employee Benefits; and
(c) the The Operator will shall make an adjustment in respect of the Office Maintenance cost forthwith after the end of each Operating Year upon having determined the actual operating expenses and actual total staff man days referred to in Section [3.1(c)(i)(B)] clause 3.1(C)(B) of this Appendix B.I.
Appears in 1 contract
Office Maintenance. (ai) the The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such Office maintenance costs will shall be as follows:
(i) : the expense of maintaining and operating Field Offices, less any revenue therefrom; and
(ii) and that portion of maintaining and operating the Supervision Offices which is equal to:
(A) to the anticipated total operating expenses of the Supervision Offices
(B) (Offices divided by the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not;
(C) ; multiplied by the actual total time spent on the Mining Operations by the Employee expressed in man days;
(b. ii) without Without limiting generalitygenerality of the foregoing, the anticipated total operating expenses of the Supervision Offices will shall include:
(i) : A. the salaries and wages of the Operator’s 's Personnel which have been directly charged to the Supervision those Offices;
(ii) ; B. the Reasonable Expense Expenses of the Personnel; and
(and C. Employee Benefits iii) Employee Benefits; and
(c) the The Operator will shall make an adjustment in respect of the Office Maintenance cost forthwith after the end of each Operating Year upon having determined the actual operating expenses and actual total staff man days referred to in Section [3.1(c)(i)(B)] Clause 3.1(c)(2)(b) of this Appendix B.Schedule "C".
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Samples: Property Acquisition Agreement (Corumel Minerals Corp)
Office Maintenance. (ai) the The cost or a pro rata portion of the costscost, as the case may be, be of maintaining and operating the Field field Offices and the Supervision supervision Offices. The basis for charging the Joint Account for such office maintenance costs will shall be as follows:
(iA) the expense of maintaining and operating Field Officesoffices, less any revenue therefrom; and;
(iiB) that portion of maintaining and operating the Supervision supervision Offices which is equal to:
(A1) the anticipated total operating expenses of the Supervision Offices; divided by
(B2) (the anticipated total staff man days for the Employees employees whether in connection with the Mining Operations or not;; multiplied by
(C3) the actual total time spent on the Mining Operations by the Employee expressed in man days;.
(bii) without Without limiting generality, the anticipated total operating expenses of the Supervision Offices will supervision offices shall include:
(iA) the salaries and wages of the Operator’s =s Personnel which have been directly charged to the Supervision charge dot those Offices;
(iiB) the Reasonable Expense Expenses of the Personnel; and;
(C) Employee Beneficial and Government Contributions in respect of the Personnel.
(iii) Employee Benefits; and
(c) the The Operator will shall make an adjustment in respect of the Office Maintenance office maintenance cost forthwith after the end of each Operating Year year upon having determined the actual operating expenses expense and actual total staff man days referred to in Section [3.1(c)(i)(B)] clause 3.01(c)(I)(B) of this Appendix B.II.
Appears in 1 contract
Samples: Option Agreement
Office Maintenance. (ai) the The cost or a pro rata portion of the costs, as the case may be, of maintaining and operating the Field Offices and the Supervision Offices. The basis for charging the Joint Account for such Office maintenance costs will be as follows:
(iA) the expense of maintaining and operating Field Offices, less any revenue therefrom; and
(iiB) that portion of maintaining and operating the Supervision Offices which is equal to:
(A1) the anticipated total operating expenses of the Supervision OfficesOffices divided by
(B2) (the anticipated total staff man days for the Employees whether in connection with the Mining Operations or not;; multiplied by
(C3) the actual total time spent on the Mining Operations by the Employee Employees expressed in man days;.
(bii) without Without limiting generalitythe generality of the foregoing, the anticipated total operating expenses of the Supervision Offices will include:
(iA) the salaries and wages of the Operator’s Personnel 's Personnel, which have been directly charged to the Supervision those Offices;
(iiB) the Reasonable Expense Expenses of the Personnel; and
(iiiC) Employee Benefits; and
(ciii) the The Operator will make an adjustment in respect of the Office Maintenance cost forthwith after the end of each Operating Year upon having determined the actual operating expenses and actual total staff man days referred to in Section [Subparagraph 3.1(c)(i)(B)] ) of this Appendix B.I.
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