Percentage Payment Sample Clauses

Percentage Payment. Employer shall pay additional compensation of one and five-tenths percent (1.5%) of the "Employer's gross," as defined below, until the Employer's gross equals one million dollars ($1,000,000). Thereafter, Employer shall pay one and eight-tenths percent (1.8%) of Employer's gross in excess of $1,000,000. Such percentage payments are to be divided as follows: (a) Until the Employer's gross equals $1,000,000, 1% thereof shall be paid to the Director, 0.3% thereof shall be paid to the Pension Plan and 0.2% thereof shall be paid to the Associate Director and the Stage Manager. (b) After the Employer's gross exceeds $1,000,000, 1.2% thereof shall be paid to the Director, 0.36% thereof shall be paid to the Pension Plan and 0.24% thereof shall be paid to the Associate Director and the Stage Manager. (c) The portion of the 1.5% and 1.8% percentage payment due the Associate Director and the Stage Manager shall be divided between them equally. If more than one Director, Associate Director or Stage Manager renders services in connection with Such Program, the allocations of their respective portion of the pro rata shares shall be determined by the Guild and the Employees shall be bound by such determination.
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Percentage Payment. Employer shall pay additional compensation of one and two-tenths percent (1.2%) of the Employer's accountable receipts from the distribution of Such Program. Such payment is to be divided as follows: one-half (½) of such amount to be paid to the Director; one-third (a) of such amount to be paid to the Directors Guild of America–Producer Pension Plan (herein referred to as the "Pension Plan"); and a pro rata share of one-sixth (1/6) of such amount to be paid to the Associate Director and Stage Manager employed on such program (such portion of such one-sixth (1/6) pro rata share to be based upon their respective minimum schedule wage rate hereunder). If more than one Director, Associate Director or Stage Manager renders services in connection with Such Program, the allocations of their respective portion of the pro rata shares shall be determined by the Guild and the Employees shall be bound by such determination.
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Percentage Payment. When Artist is being paid based on a percentage, the following shall be in effect: a) Deposit: 50 % of the guaranteed fee shown on the Contract shall be deposited with Agent on return of the Contract signed by Purchaser. b) Balance: All remaining payments shall be paid to Artist within 30 minutes following the completion of Artist's performance; by cash and/or certified cheque payable to STELLA RECORDS.
Sample 1Sample 2
Percentage Payment. The County shall pay to Contractor an incentive/profit sharing sum equal to 33% of annual net sales revenue in excess of $155,000.00 for the sale of recyclable material during each calendar year. During the first year of this agreement, the contractor and county will base the percentage payment amount on sales from February 1, 2012 through December 31, 2012. For 2013 and thereafter, the revenue calculations shall be based on the full calendar years, January through December. The revenue calculations shall be based on the full calendar years, January 1st through December 31st. The percentage payment calculation will be based on revenue earned for the sale of all materials currently being processed. The payment earned shall be documented and deducted monthly from the contractor’s payment to the county. The Parties further agree that commencing on January 1, 2013, and each January 1 thereafter during this agreement or any extension thereof, the purchase of service fees paid by the County to the Contractor shall be negotiated to reflect increases in operational and labor costs. Negotiations shall be completed by March 1st and increases agreed to shall be retroactive to January 1. Any adjustment shall be added to and shall be part of the purchase of service fee heretofore provided and shall be payable in twelve (12) equal monthly installments as heretofore provided. If the scope of work changes (hours of operation or duties) the fees may be adjusted by negotiation and mutual agreement. The Parties further agree that commencing on January 1, 2017, and each January 1 thereafter during this agreement or any extension thereof, the purchase of service fees paid by the County to the Contractor shall be negotiated to reflect increases in operational and labor costs. Negotiations shall be completed by May 1st in 2017 and March 1st in subsequent years and increases agreed to shall be retroactive to January 1. Any adjustment shall be added to and shall be part of the purchase of service fee heretofore provided and shall be payable in four (4) equal installments as heretofore provided. If the scope of work changes (hours of operation or duties) the fees may be adjusted by negotiation and mutual agreement.
Sample 1
Percentage Payment. During the Term, Endexx shall pay to Apollo an amount equivalent to two and one-tenth percent (2.1%)1 of all cash received by the Limited Liability Company from its net sales of Branded Products (as that term is defined in the Operating Agreement) or otherwise (the “Percentage Payment”).
Sample 1
Percentage Payment. (a) Subject to the other provisions of this Section 1.12 set forth below, the Purchaser shall pay to Seller a payment (the “Percentage Payment”) on or before March 31, 2005 in an amount equal to (i) eleven percent (11%) of the first one million dollars of EBITDA of the Hospital for the calendar year ended December 31, 2004, plus (ii) nine percent (9%) of the second one million dollars of EBITDA of the Hospital for the calendar year ended December 31, 2004, and plus (iii) seven percent (7%) of the amount of the EBITDA of the Hospital for the calendar year ended December 31, 2004 in excess of two million dollars. The Purchaser shall make payments based on this same formula to Seller (i) on or before March 31, 2006 with respect to the EBITDA of the Hospital for the calendar year ended December 31, 2005 and (ii) on or before March 31, 2007 with respect to the EBITDA of the Hospital for the calendar year ended December 31, 2006. Each such payment if not paid when due shall bear interest at the prime rate of interest of XX Xxxxxx Xxxxx Bank as in effect from time to time from the respective payment date specified above until the date such payment is actually made. (b) Notwithstanding any provision hereof to the contrary, the maximum aggregate amount of the Percentage Payment payable by Purchaser with respect to the EBITDA of the Hospital for any individual calendar year shall be One Million Dollars ($1,000,000). (c) As used herein, the term “EBITDA of the Hospital” shall mean the net income of the Hospital plus the amount of interest, income taxes, depreciation and amortization for the applicable period, all as determined in accordance with the Hospital Historical GAAP Principles. As specified in Section 9.6, Purchaser shall maintain its separate corporate existence as the owner of the Assets until June 30, 2007. As such the EBITDA of the Hospital shall mean the same after the Closing as the EBITDA of the Purchaser. The principles and methodologies for determining the EBITDA of the Hospital shall be as specified in Schedule 1.12. The determination of EBITDA of the Hospital shall use the Hospital Historical GAAP Principles.
Sample 1
Percentage Payment. The Percentage Payment for each Contract Year of the Concession Agreement shall be calculated as follows: a) percent ( %) of Gross Revenues In year 2019. b) percent ( %) of Gross Revenues In year 2020. c) percent ( %) of Gross Revenues In year 2021. d) percent ( %) of Gross Revenues In year 2022. *Credit card processing fees are not to be deducted from Gross Revenue)
Sample 1
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Percentage Payment. Concessionaire agrees to submit to the SFRAA, on or before the fifteenth (15th) calendar day of each month during the Term of this Concession Agreement, and by the twentieth (20th) day of the month following the termination of this Concession Agreement, a monthly Gross Revenues Report in a format and detail acceptable to the SFRAA. A sample Gross Revenues Report is attached hereto as Exhibit B. Along with said report, Concessionaire shall submit payment to the SFRAA in the amount, if any, by which the Percentage Payment required for the preceding month exceeds the amount of the prorated Minimum Annual Guarantee paid for said month.
Sample 1

Related to Percentage Payment

  • Annual Percentage Rate Each Receivable has an APR of not more than 25.00%.

  • Annual Payment During each calendar year, an employee may choose to receive payment for up to twenty (20) hours of accrued vacation leave or compensatory time. Request for payment may be made in November or December of each year. Such payment shall be made during the month of November or December and will be granted only if the employee has taken at least forty (40) hours of vacation/compensatory time during the calendar year. Such payment shall be at the base hourly rate only, no add-ons.

  • PRE-PAYMENT The Tenant shall: (check one)

  • Late Payment Fee Students will be assessed a late payment fee if acceptable payment arrangements are not made by the due date indicated on the statement. Acceptable payment arrangements include payment in full, pending financial aid, approved third-party billing (i.e. veterans) and an active and current payment plan with the Bursar’s Office.

  • PERCENTAGE GOAL The goal for Historically Underutilized Business (HUB) participation in the work to be performed under this contract is 23.7 % of the contract amount.

  • Late Payment Fees If you have not paid a bill by the pay-by date, we may require you to pay a late payment fee, which is part of our standing offer prices published on our website.

  • Incentive Payment 11.3.1 An employer may offer and an employee may accept an early retirement incentive based on the age at retirement to be paid in the following amounts Age at Retirement % of Annual Salary at Time of Retirement 11.3.2 An employer may opt to pay the early retirement incentive in three equal annual payments over a thirty-six (36) month period. 11.3.3 Eligible bargaining unit members may opt for a partial early retirement with a pro- rated incentive.

  • Returned Payment Fee If your account is subject to a Returned Payment Fee, the fee will be charged to your account when a payment is returned for any reason.

  • Percentage Rent Tenant shall (i) not later than the tenth (10th) day after the close of each calendar month, deliver to Landlord at the Center office a written statement certified under oath by Tenant or an officer of Tenant, showing Gross Sales and Adjusted Gross Sales made in such calendar month; and (ii) not later than thirty (30) days after the end of each Lease Year or Partial Lease Year, deliver to Landlord at the Center office a statement of Gross Sales and Adjusted Gross Sales for such Lease Year or Partial Lease Year the correctness of which is certified to by Tenant or an officer of Tenant. If Tenant fails to prepare and deliver any statement of Gross Sales and Adjusted Gross Sales required hereunder, within the time or times specified above, then Landlord shall have the right, in addition to the other rights and remedies set forth in this Lease, (a) to collect from Tenant a sum which shall be $250.00 which shall be deemed liquidated damages for administrative and overhead expenses resulting from such failure, and (b) to estimate Tenant’s Adjusted Gross Sales for any non-reported period and bill Tenant’s Percentage Rent accordingly. Landlord reserves the right, at Xxxxxxxx’s option, to adjust Percentage Rent xxxxxxxx when actual Adjusted Gross Sales reports are received. Percentage Rent shall become due and payable in each Lease Year on the fifteenth (15th) day of the month immediately following the month during which Adjusted Gross Sales exceed the Sales Breakpoint for such Lease Year, and thereafter shall be paid monthly on all additional Adjusted Gross Sales made during the remainder of such Lease Year, such payments to be made concurrently with the submission by Tenant to Landlord of the written statement of monthly Adjusted Gross Sales as provided for herein. Tenant will preserve for at least three (3) years at Tenant’s notice address all original books and records disclosing information pertaining to Gross Sales and Adjusted Gross Sales and such other information respecting Gross Sales and Adjusted Gross Sales as Landlord requires, including, but not limited to, cash register tapes, sales slips, sales checks, gross income and sales tax returns, bank deposit records, sales journals and other supporting data including itemized records of permitted exclusions. Landlord and its agents shall have the right during business hours to examine and audit such books and records preserved by Xxxxxx. If such examination or audit discloses a liability for Percentage Rent three percent (3%) or more in excess of the Percentage Rent paid by Tenant for any period and at least $500.00 of Percentage Rent is owed as the result of such audit, or if Tenant’s Gross Sales and Adjusted Gross Sales cannot be verified due to the insufficiency or inadequacy of Tenant’s records, or if Tenant shall have failed to furnish Landlord any monthly statement of Gross Sales and Adjusted Gross Sales during any Lease Year, Tenant shall promptly pay Landlord the cost of said audit. Tenant shall, in any event, pay to Landlord the amount of any deficiency in rents which is disclosed by such audit. If such examination or audit discloses an overpayment of Percentage Rent, then the excess, less the cost of such examination or audit, shall be credited to Xxxxxx’s account. Tenant’s obligation to preserve all original books and records shall survive the expiration of the Lease Term or the earlier termination of this Lease.

  • One-Time Payment Tenant shall pay to Landlord a one-time payment in the amount of Fifty Thousand and No/100 Dollars ($50,000.00), payable within thirty (30) days of the Effective Date and subject to the following conditions precedent: (a) Tenant’s receipt of this Amendment executed by Landlord, on or before October 29, 2017; (b) Tenant’s confirmation that Landlord’s statements as further set forth in this Amendment are true, accurate, and complete, including verification of Landlord’s ownership; (c) Tenant’s receipt of any documents and other items reasonably requested by Tenant in order to effectuate the transaction and payment contemplated herein; and (d) receipt by Tenant of an original Memorandum (as defined herein) executed by Landlord.

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