Percentage Compensation Sample Clauses

Percentage Compensation. Licensee agrees to pay Licensor a sum equal to the percentage specified in Schedule E (or Licensor's prevailing rate, if greater) of all net sales (as defined below) by Licensee or any of its affiliated, associated or subsidiary entities of the Licensed Product(s) covered by this Agreement. (Such percentage of net sales is herein called "Percentage Compensation.") Percentage Compensation shall be payable concurrently with the periodic statements required in the following paragraph, except to the extent offset by Guaranteed Compensation theretofore remitted. The term "net sales" shall mean gross sales based on the wholesale price to the retail trade less quantity discounts and actual returns, but no deduction shall be made for uncollectible accounts, commissions, taxes, discounts other than quantity discounts, such as cash discounts and discounts attributable to the issuance of a letter of credit, or any other amount. No costs incurred in the manufacture, sale, distribution, promotion or advertisement of the Licensed Product(s) shall be deducted in any Percentage Compensation payable by Licensee. Said Percentage Compensation shall also be paid by Licensee to Licensor on all Licensed Product(s) (including, without limitation, any irregulars, seconds, etc. distributed pursuant to the provisions of Paragraph 10 of this Agreement) distributed by Licensee or any of its affiliated, associated or subsidiary entities even if not billed or billed at less than usual net sales price for such Licensed Product(s), and shall be based upon the usual net sales price for such Licensed Product(s) sold to the trade by Licensee. Any late payments of Advance Compensation, Guaranteed Compensation or Percentage Compensation shall require Licensee to pay Licensor, in addition to the amounts due, interest at one percent (1%) per month or the highest prime lending rate of Chase Manhattan Bank during the period such amounts are delinquent, whichever is greater, on the amounts delinquent for the period of the delinquency, without prejudice to any other rights of Licensor in connection therewith.
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Percentage Compensation. For Licensed Product No.
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Percentage Compensation. Licensee agrees to pay Licensor a sum equal to the percentage specified in Schedule E (or Licensor's prevailing rate, if greater) of all net sales (as defined below) by Licensee or any of its affiliated, associated or subsidiary entities of the Licensed Product(s) covered by this Agreement. (Such percentage of net sales is herein called "Percentage
Sample 1
Percentage Compensation. Weston further agrees to compensate AALC a percentage of the "receipted net revenue", as defined below, from projects generated for Weston through the efforts of AALC ("percentage compensation"), calculated annually for a period of 5 years from the initial contract date, including renewals or extensions which occur within that 5 year period, in accordance with the following schedule: Receipted Annual Net Revenue Percentage ---------------------------- ---------- $0-$999,999.00 5% $1 million-$5 million 4% Above $5 million 3% AALC agrees to reduce the percentage compensation to be paid by Weston by the amount of the total fees paid by Weston under Article III (1) above for that same annual period. As used in this Agreement, "receipted net revenue" shall mean net revenues recorded by Weston during a calendar year and billed and collected by Weston within 120 days of the end of such calendar year.
Sample 1
Percentage Compensation and Section 5.6, Delinquent Compensation Payments, the payment of Compensation owed by Tenant to City shall be deferred as follows:
Sample 1
Percentage Compensation. Carrier shall pay Contractor 80% of the linehaul amount, 100% of detention charges and 80% of all other accessorial charges paid to Carrier by its customer for transportation of each load transported by Contractor hereunder less applicable deductions except for detention charges. Notwithstanding the foregoing, if Carrier is paid a fuel surcharge by its customer for a load transported by Contractor, 100% of any such fuel surcharge collected by Carrier shall be paid to Contractor. This Appendix C shall be updated periodically and shall become effective upon Contractor signing a copy. This Appendix C completely replaces and supersedes any earlier attachment, addendum, or other provisions of this Agreement relating to the same subjects, is agreed to by the undersigned parties as of the latest date set forth below. Appendix D Authorized Deductions This Appendix D is intended by the parties to supplement, without in any way limiting, those deductions already identified in the Independent Contractor Operating Agreement and other Appendices to the Independent Contractor Operating Agreement. This Appendix D may be amended, from time to time, by written agreement of the Carrier and Contractor. Escrow Fund initial funding and replenishment settlement deduction per Section 8 and Appendix E. Settlement Escrow Contribution: $ 0.00 Not Applicable Equipment repair and maintenance performed by third party vendors and paid by Carrier request of Contractor. Actual cost charged for repair and maintenance plus a 10% administrative fee Fuel and charges to fuel card 100% fuel and other charges charged by Contractor + fees charged to Carrier Cash Advances 100% of each Cash Advance + fees charged to Carrier Civil forfeitures fines and penalties charged to Carrier as the result of Contractor’s negligence or violation of applicable Federal Motor Carrier Safety Regulations 100% of the civil forfeiture IRP Weekly Settlement Charge Paid until Xxxxxxx is reimbursed for the cost of the IRP license plate. Section 4 and Appendix E and F). $800 per settlement until paid in full Permit Fee, IFTA, KYU, NYHUT - Section 4 and Appendix E and F) $50.00 per month deducted from first settlement of each month plus actual tax amounts Tolls Paid by Carrier plus E-Z Pass or PrePass charges 100% of toll amount paid plus actual E-Z Pass or PrePass charges Charge to or Claim for cargo damaged as the result of an accident or incident involving Contractor Section 11 and Appendix E. Up to Property Damage Cap...
Sample 1
Percentage Compensation. The Employee shall be paid annually, in addition to salary, a percentage compensation bonus equal to five percent (5.0%) of the Pre-Tax Profits of the Employer's Business (as such term is hereinafter defined) for the fiscal years ending December 31, during the term of this agreement.
Sample 1
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Percentage Compensation. For Licensed Product Nos. 1-4, 8-11, and 13-16: Nine percent (9%.) of net sales as defined in Paragraph 4B. For Licensed Product Nos. 5 and 6: Twelve percent (12%) of net sales as defined in Paragraph 4B. For Licensed Product No. 7: Fifteen (15%) of net sales as defined in Paragraph 4B. For Licensed Product NO. 12: Six (6%) of net sales as defined in Paragraph 4B. In each of the above cases, Percentage Compensation shall be applied against Guaranteed Compensation payable in the same calendar year only, without carryover. Percentage Compensation attributable to premium sales of the Licensed Products shall not be applied against Total Guaranteed Compensation.
Sample 1

Related to Percentage Compensation

  • Annual Compensation The Executive's "Annual Compensation" for purposes of this Agreement shall be deemed to mean the highest level of base salary paid to the Executive by the Employers or any subsidiary thereof during any of the three calendar years ending during the calendar year in which the Date of Termination occurs.

  • Base Compensation The Bank agrees to pay the Employee during the ----------------- term of this Agreement a salary at the rate of $76,000 per annum, payable in cash not less frequently than monthly; provided, that the rate of such salary shall be reviewed by the Board of Directors of the Bank not less often than annually, and Employee shall be entitled to receive annually an increase at such percentage or in such an amount as the Board of Directors in its sole discretion may decide.

  • Total Compensation Contractor shall include Total Compensation in XXX for each of its five most highly compensated Executives for the preceding fiscal year if: 4.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 4.2. In the preceding fiscal year, Contractor received:

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Annual Bonus Compensation Executive shall be eligible to receive a bonus each Contract Year (“Annual Bonus”) as the Compensation Committee of the Board of Directors shall determine. Executive’s Annual Bonus shall be determined in accordance with the Company’s executive compensation policies as in effect from time to time during the Term and shall be based, in part, on his achieving his individual performance goals for the year and, in part, on the Company’s achieving its performance goals for the year.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • 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.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Amount of Compensation City shall pay Contractor for performance of all Services rendered in accordance with this Contract in an amount not to exceed $3,000,000.

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