OWNERS COMPENSATION Sample Clauses

OWNERS COMPENSATION. Owner shall receive 50% of the gross rental income collected from the customer, less any maintenance, repair, insurance, or other incidental items charged to the owner’s account. A detailed statement along with any compensation due owner will be mailed about the 15th day of each month starting with the prior month’s activity. In the event that there is a negative balance in Owners account, Owner does not need to pay Agent for these charges at that time. Agent agrees to wait until the RV rents to a customer to deduct the charges owed.
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OWNERS COMPENSATION. For the terminal services performed by it hereunder, the Owner shall receive the following compensation from the Customer: (a) TANK LEASE FEE. The Customer shall pay the Owner the following compensation for services (the "Tank Lease Fee"). This fee shall be fixed during the first year of this Agreement and thereafter adjusted according to Section 3(c) below:
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OWNERS COMPENSATION. (a) For the sole access to and use of the Terminal Facility, the Owner shall receive total compensation of $400,000 per year ("Annual Compensation") subject to adjustment as set forth in subsection (b) below. The Customer shall remit payment for 1/12 of the Annual Compensation each month payable on the last day of the month. (b) The Annual Compensation shall remain as stated in subsection (a) until the first anniversary of the Effective Date. Thereafter, the Annual Compensation shall be adjusted annually (both upward and downward as hereinafter provided)
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OWNERS COMPENSATION. (a) For the sole access to and use of the Terminal Facility, the Owner shall receive total compensation of $400,000 per year ("Annual Compensation") subject to adjustment as set forth in subsection (b) below. The Customer shall remit payment for 1/12 of the Annual Compensation each month payable on the last day of the month. (b) The Annual Compensation shall remain as stated in subsection (a) until the first anniversary of the Effective Date. Thereafter, the Annual Compensation shall be adjusted annually (both upward and downward as hereinafter provided) by a factor equal to the increase or decrease, as the case may be, in the Consumer Price Index. The adjustment shall be calculated annually in November of each year, commencing in
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OWNERS COMPENSATION. Based on the volume of crude oil and/or finished products received at the Terminal during each calendar month during the Term, Owner shall invoice Customer on the first day of the next following month, and Customer shall pay to Owner not later than the 10th day of such next following month, for the following thruput fee (the "Thruput Fee") in order to compensate Owner for Customer's use of the Terminal ("Owner's Compensation"): A For each calendar month during the Initial Term, the monthly Thruput Fee shall be $____ per barrel up to 150,000 barrels of crude oil received at the Terminal during such month and $____ per barrel for all barrels in excess of 150,000 barrels received at the Terminal during such month; provided, that the Thruput Fee payable by Customer to Owner during each such month shall not be less than $________. For each calendar month during any Renewal Term, the monthly Thruput Fee shall be as follows: Thruput Fee Per Barrel For Up to Thruput Fee Per Barrel For Barrels in Contract Year During First 150,000 Barrels Received at Excess of 150,000 Barrels Received Minimum Monthly Thruput Fee Renewal Term Terminal During Each Month at Terminal During Each Month Payable to Owner --------------------- --------------------------------- ------------------------------------- --------------------------- Six $ $ $ --------------------- --------------------------------- ------------------------------------- --------------------------- Seven $ $ $ --------------------- --------------------------------- ------------------------------------- --------------------------- Eight $ $ $ --------------------- --------------------------------- ------------------------------------- --------------------------- Nine $ $ $ --------------------- --------------------------------- ------------------------------------- --------------------------- Ten and thereafter $ $ $ --------------------- --------------------------------- ------------------------------------- ---------------------------
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OWNERS COMPENSATION. Owner shall receive 50% of the nightly rental, less any maintenance, repair, storage or other incidental items charged to the owner’s account. A detailed statement along with any compensation due owner will be mailed each month. In the event that there is a negative balance in Owner’s account, Owner does not have to pay Agent for these charges at that time. Agent agrees to wait until the RV/Motorhome rents to a customer to deduct charges owed to them.
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Related to OWNERS COMPENSATION

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.

  • Adviser’s Compensation Each Fund shall pay to the Adviser, as compensation for the Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by each Fund. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s Registration Statement. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • SUB-ADVISER'S COMPENSATION The Fund shall pay to the Sub-Adviser, as compensation for the Sub-Adviser's services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by the Fund. The Sub-Adviser will be compensated based on the portion of Fund assets allocated to the Sub-Adviser by the Adviser. The method for determining net assets of the Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund's prospectus. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Workmen's Compensation Employee may be entitled to compensation for time loss and disability for injuries or illnesses occurring on-the-job according to the terms of a worker's compensation insurance policy held by Government. Employee is responsible for reporting to Employee's supervisor as soon as practical any on-the-job related injury or illness.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Travel Compensation The Contractor shall not be compensated or reimbursed for travel time, travel expenses, meals, or lodging.

  • WORKERS' COMPENSATION BENEFITS In accordance with Section 142 of the State Finance Law, this contract shall be void and of no force and effect unless the Contractor shall provide and maintain coverage during the life of this contract for the benefit of such employees as are required to be covered by the provisions of the Workers' Compensation Law.

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