Selection and Compensation of Attorneys and Advisors Sample Clauses

Selection and Compensation of Attorneys and Advisors. In the event that the Trust Board has reason to believe, after reasonable investigation, that the Litigation Trustee has taken actions, or failed to take actions, constituting gross negligence or willful misconduct in the administration of the Litigation Trust, the Trust Board shall be entitled (but not required) to select and employ an attorney or such other advisors to assist the Litigation Trust Board in further investigating such actions and/or omissions by the Trustee. The reasonable fees and expenses incurred by the attorney or advisor employed by the Trust Board shall be paid solely from the Litigation Trust Assets without further order of the Bankruptcy Court. The Trust Board shall not be liable for any action taken or suffered by the Trust Board in reliance upon the advice or opinions rendered by its professionals. Notwithstanding the foregoing, the Trust Board shall be under no obligation to consult with attorneys and/or advisors, and its determination to not do so shall not result in the imposition of liability on the Trust Board, its members and/or designees, unless such determination is based on willful misconduct or gross negligence. LITIGATION TRUST AGREEMENT - 20 - ARTICLE 5 TAX MATTERS‌
Sample 1
AutoNDA by SimpleDocs
Selection and Compensation of Attorneys and Advisors. In the event that the Trust Board has reason to believe, after reasonable investigation, that the Litigation Trustee has taken actions, or failed to take actions, constituting fraud, gross negligence or willful misconduct in the administration of the Litigation Trust, the Trust Board shall be entitled (but not required) to select and employ an attorney or such other advisors to assist the Trust Board in further investigating such actions and/or omissions by the Trustee. The reasonable fees and expenses incurred by the attorney or advisor employed by the Trust Board shall be paid solely from the Litigation Trust Assets without further order of the Bankruptcy Court. The Trust Board shall not be liable for any action taken or suffered by the Trust Board in reliance upon the advice or opinions rendered by its professionals. TAX MATTERS
Sample 1

Related to Selection and Compensation of Attorneys and Advisors

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • CLASSIFICATION AND COMPENSATION The parties hereto agree that the employees covered by this Agreement shall be considered engaged in the type of work and classification as set forth on Schedule A attached hereto and made a part hereof by reference.

  • Complaints and Compensation If you have a complaint of any kind, please be sure to let us know. We will do our utmost to resolve the issue. You can put your complaint in writing to us at: Complaint Resolution Team, Equiniti Financial Services Limited, Aspect House, Xxxxxxx Road, Lancing, West Sussex, BN99 6DA United Kingdom or email us at: xxxxxxxx@xxxxxxxx.xxx or call us using the contact details in Section 1. If we cannot resolve the issue between us, you may – so long as you are eligible – ask the independent Financial Ombudsman Service to review your complaint. A leaflet with more details about our complaints procedure is available – you are welcome to ask us to supply you with a copy at any time. We are a member of the Financial Services Compensation Scheme, set up under the Financial Services and Markets Act 2000. If we cannot meet our obligations, you may be entitled to compensation from the Scheme. This will depend on the type of agreement you have with us and the circumstances of the claim. For example, the Scheme covers corporate sponsored nominees, individual savings accounts and share dealing. Most types of claims for FCA regulated business are covered for 100% of the first £50,000 per person. This limit is applicable to all assets with Equiniti FS. For more details about the Financial Services Compensation Scheme, you can call their helpline: 0800 678 1100 or +00 000 000 0000 or go to their website at: xxx.xxxx.xxx.xx or write to them at: Financial Services Compensation Scheme 10th Floor, Beaufort House, 00 Xx Xxxxxxx Xxxxxx, Xxxxxx XX0X 0XX Xxxxxx Xxxxxxx Alternative Formats

  • Compensation and Billing 4.1 If you are not an embedded retail generator, you agree that, subject to any applicable law:

  • A-E Compensation and Extra Work 1.5.1. For the PROJECTS/SERVICES authorized under this CONTRACT, A-E shall be compensated in accordance with the following:

  • Compensation and Fringe Benefits (a) The Company shall, during the Term of Employment, pay to the Executive as compensation for the performance of his duties and obligations a salary of $240,000 per annum. This compensation is subject to annual review and adjustment, as appropriate in the judgment of the Company. The compensation payable pursuant to this Section 5(a) shall be payable in equal semi-monthly installments on the last day of each such pay period.

  • Compensation of Trustee Any individual Trustee serving hereunder shall be entitled to: (Choose One) ☐ - No compensation whatsoever. ☐ - Be paid a reasonable fee from the Trust Estate based on the amount of time expended by such Trustee in carrying out his or her duties hereunder. Any corporate Trustee shall be entitled to be paid a fee based upon its fee schedule from time to time that is required to be published.

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Compensation and Expenses (a) As compensation for sourcing the Series Gallery Drop 116 Asset, the Asset Manager may be granted a sourcing fee equal to 3.57% of the total aggregate amount of Series Gallery Drop 116 membership interests that are sold in the Series’ offering under Regulation A of the Securities Act of 1933, as amended (the “Offering”), which the Asset Manager may waive in its sole discretion.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!