Common use of Payment of Senior Executive Personnel Additional Benefit Pool Clause in Contracts

Payment of Senior Executive Personnel Additional Benefit Pool. An amount equal to one-twelfth of the Senior Executive Personnel Additional Benefit Pool for an Operating Year shall be payable directly to the Operator from the Facilities Operating Account each month. To the extent the amount of the Senior Executive Personnel Additional Benefit Pool is increased in accordance with Section 7.6.2 or 7.6.3 above, the amount of such withdrawal shall be increased so that the total amount of the Senior Executive Personnel Additional Benefit Pool for such Operating Year shall be paid to the Operator during such Operating Year.

Appears in 5 contracts

Samples: Golf Course Operating Agreement, Golf Course Operating Agreement, Golf Course Operating Agreement

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