Ongoing Compensation Clause Samples
The Ongoing Compensation clause defines the requirement for continuous payment or remuneration to a party throughout the duration of an agreement or engagement. Typically, this clause outlines the frequency and method of payments, such as monthly salary, retainer fees, or periodic commissions, and may specify conditions under which compensation is adjusted or withheld. Its core practical function is to ensure that the compensated party receives regular and predictable payments for their ongoing services or obligations, thereby providing financial stability and clarifying payment expectations for both parties.
Ongoing Compensation. The compensation for the services rendered hereunder shall be as follows:
(a) As used herein, the "Gross Profit" shall mean (i) for Talent Contracts on a standard form such as those used by DT prior to the Effective Date, the entire agent's commission, which has typically been 10% of the gross amount payable to the talent, and (ii) for Talent Contracts where DMG will contract directly with the employer/producer to provide the talent, the difference between the gross revenue received by DMG and the earned amount that DMG must pay to the talent. Gross Profit is recognized for purposes of this Agreement only when payment is actually received by DMG.
Ongoing Compensation. In exchange for the promises made by Employee in this Agreement, Stryker agrees to continue to pay Employee his current base semi-monthly salary compensation in effect as of the date of this Agreement in the amount of $23,083.33 per semi-monthly pay period from April 1, 2016 through the Termination Date. Such payments are subject to appropriate federal, state and local withholding taxes.
Ongoing Compensation. The Executive’s compensation will remain the same in all respects as under the Current Agreement through December 31, 2013. Should the term of employment continue beyond December 31, 2013 and the Executive continue to serve as Executive Chair as of that date, the Compensation Committee of the Board of Directors of Duke will address the Executive’s compensation for the remaining term of his employment at that time.
Ongoing Compensation. It is hereby acknowledged and agreed that the members of VPW shall be paid commissions at such rates and as agreed and documented by the parties on all future revenue generated from customer contracts secured by the members of VPW before and after the Closing. All commissions earned by VPW members will be allocated equally among the MEMBERS and paid (50% to each) monthly to the MEMBER or his successors, assigns or estate as the case may be. US Wireless, and its successors and/or assigns, shall pay the above referenced commissions for as long as the underlying customers continue to make payments to US Wireless regardless of the employment status or future relationship between the members of VPW and US Wireless and its successors and/or assigns.
Ongoing Compensation. It is acknowledged that pursuant to paragraph 2 above, Producer has the right to exploit the Play in any manner or media that it elects in its sole discretion. Authors shall be entitled to the following compensation in respect of the Play:
Ongoing Compensation. Commencing on the first business day of the thirteenth full month after the initial closing of the Offering, the Fund shall pay to the Selling Agent each month 1/12 of 3% of the Net Asset Value (determined as of the last business day of the immediately preceding month) of Units outstanding at the end of such month that relate to subscriptions obtained by the Selling Agent; provided that the Selling Agent represents that it is registered with the Commodity Future Trading Commission (the "CFTC") as a futures commission merchant or introducing broker and is a member in good standing of the National Futures Association (the "NFA") in such capacity. The Selling Agent may pay such compensation to its registered representatives who are registered as associated persons with the CFTC and have passed the National Commodity Futures Examination (Series 3) or the Futures Managed Funds Examination (Series 31). If any such registered representative becomes employed by another CFTC and NFA registered firm, and the subscribers to which such registered representative sold become customers of the transferee firm, then the Selling Agent shall transfer its ongoing compensation hereunder to the transferee firm. The compensation specified in this Section 1(c) shall be in consideration of and is contingent upon the provision by the Selling Agent or its affiliate of additional services in connection with the Units sold by the Selling Agent, including (i) inquiring of the General Partner from time to time, at the request of a holder of Units sold by it, as to the Net Asset Value of a Unit, (i) inquiring of the General Partner from time to time, at the request of a holder of Units sold by it, regarding the commodities markets and the Fund, (iii) assisting, at the request of the General Partner, in the redemption of Units sold by it and (iv) providing such other services to the holders of Units sold by it as the General Partner may, from time to time, reasonably request. The Selling Agent also shall use its best efforts to ensure that any of its registered representatives to whom compensation is passed on pursuant to this Section 1(c) shall cooperate in providing the services specified in clauses (i) through (iv) for as long as such representative continues in the employment of the Selling Agent. The Selling Agent shall forfeit its rights hereunder to receive any compensation relating to the additional services for the entirety of any month during which it is not duly registered with...
Ongoing Compensation. In consideration for Executive’s ongoing employment with the Company, Executive shall receive the following: i.
Ongoing Compensation a. Effective July 1, 2022, all unit member salary schedules shall be increased by 6.0%.
b. Effective September 1, 2023, all unit member salary schedules shall be increased by 2.25%.
Ongoing Compensation. (a) As used herein, "GMA Net Sales" shall mean all revenue generated from the Current GMA Contracts and any New GMA Contracts that are assumed or accepted by COC pursuant to Section 3 above, less returns and charge backs. GMA Net Sales are recognized for purposes of this Agreement only when payment of the GMA Net Sales is actually received by COC pursuant to Section 4(c).
Ongoing Compensation