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 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.
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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
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Related to Selection and Compensation of Attorneys and Advisors

  • Compensation of Advisor For services to be provided by the Advisor pursuant to this Agreement, the Fund will pay to the Advisor, and the Advisor agrees to accept as full compensation therefor, an investment advisory fee consisting of a base fee plus a performance adjustment at the rates specified in Schedule A to this Agreement, payable quarterly in arrears.

  • COMPENSATION OF ADVISER The Manager will pay the Adviser an advisory fee with respect to the Allocated Portion as specified in Appendix A to this Agreement. Payments shall be made to the Adviser on or about the fifth day of each month; however, this advisory fee will be calculated daily for the Allocated Portion based on the net assets of the Allocated Portion on each day and accrued on a daily basis.

  • Compensation and Related Matters During the Term of the Executive’s employment, as compensation and consideration for the performance by the Executive of the Executive’s duties, responsibilities and covenants pursuant to this Agreement, the Company shall pay the Executive and the Executive agrees to accept in full payment for such performance the amounts and benefits set forth below.

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

  • Compensation and Employee Benefits SECTION 13.01.

  • 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.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • Compensation of Officers The officers of the Corporation shall be entitled to receive such compensation for their services as shall from time to time be determined by the Board of Directors.

  • Other Compensation and Fringe Benefits In addition to any executive bonus, pension, deferred compensation and long-term incentive plans which the Company or an affiliate of the Company may from time to time make available to the Employee, the Employee shall be entitled to the following during the Employment Term: (a) the standard Company benefits enjoyed by the Company’s other top executives as a group; (b) medical and other insurance coverage (for the Employee and any covered dependents) provided by the Company to its other top executives as a group; (c) supplemental disability insurance sufficient to provide two-thirds of the Employee’s pre-disability Annual Base Salary; (d) an annual incentive bonus opportunity under the Company’s annual incentive plan (“Annual Bonus Plan”) for each calendar year included in the Employment Term, with such opportunity to be earned based upon attainment of performance objectives established by the Committee (“Annual Bonus”). The Employee’s target Annual Bonus under the Annual Bonus Plan shall be no less than 150% of the Employee’s Annual Base Salary (collectively, the target and maximum are referred to as the “Annual Bonus Opportunity”). The Employee’s Annual Bonus Opportunity may be periodically reviewed and increased (but not decreased without the Employee’s express written consent) at the discretion of the Committee. The Annual Bonus shall be paid no later than the March 15th first following the calendar year to which the Annual Bonus relates. Unless provided otherwise herein or the Board determines otherwise, no Annual Bonus shall be paid to the Employee unless the Employee is employed by the Company, or an affiliate thereof, on the Annual Bonus payment date; and (e) participation in the Company’s equity incentive plans.

  • Compensation of OFI The Fund agrees to pay OFI and OFI agrees to accept as full compensation for the performance of all functions and duties on its part to be performed pursuant to the provisions hereof, a fee computed on the aggregate net assets of the Fund as of the close of each business day and payable monthly at the following annual rates:

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