Supplemental Management Fee Sample Clauses
Supplemental Management Fee. In addition to the Base Management Fee, the Advisor shall also be entitled to receive a supplemental management fee (the “Supplemental Management Fee” and, together with the Base Management Fee, the “Advisory Fee”), which shall be payable in arrears within thirty (30) days following the determination of the amount of such fee pursuant to this Section 6.2. The Supplemental Management Fee shall be a per annum amount equal to the product of (x) one tenth of one percent (0.1%), multiplied by (y) the positive difference between (i) the sum of (a) the aggregate gross asset value, excluding depreciation, of all real property (i.
e. “On-Balance Sheet Properties”) reflected in the consolidated financial statements of the Company contained in the Form 10-Q filed by the Company with respect to such quarter (or the earliest of the filing or issuance of a Form 8-K, press release or Form 10-K with respect to the fourth quarter of any year, which contains the consolidated financial information of the Company for such quarter) of the Company, plus (b) the aggregate gross asset value, excluding depreciation, of any real property, for which less than the full value (as set forth in the books and records of the Company) (i.
e. “Off-Balance Sheet Properties” owned in joint venture or other co-investment vehicles) is reflected in such consolidated financial statements, minus (ii) $1,500,000,000. A pro rata portion of the Supplemental Management Fee shall be payable for any partial calendar quarter included in the term of this Agreement.
Supplemental Management Fee. In consideration of the improved efficiencies expected to be effected by Retail Business Manager, as an incentive to Retail Business Manager to effect those efficiencies, and as additional compensation for the services provided by Retail Business Manager, Retail Business Manager shall be paid each month, during the Term of this Retail Business Management Agreement, that percentage set forth in Exhibit 5.2 of Adjusted Net Revenue. Adjusted Net Revenue shall be calculated as the amount remaining after subtracting from Adjusted Gross Revenue (i) Dispensary Expenses, (ii) Office Expenses, (iii) Practice Expenses, and (iv) Shareholder Expenses up to an amount equal to One Hundred Thirty Nine Thousand Dollars ($139,000.00), multiplied in the case of years ending after December 31, 1998 by the Inflation Adjustment.
Supplemental Management Fee. In consideration of the improved efficiencies expected to be effected by Retail Business Manager, as an incentive to Retail Business Manager to effect those efficiencies, and as additional compensation for the services provided by Retail Business Manager, Retail Business Manager shall be paid each month, during the Term of this Retail Business Management Agreement, that percentage set forth in Exhibit 5.2 of Adjusted Net Revenue. Adjusted Net Revenue shall be calculated as the amount remaining after subtracting from Adjusted Gross Revenue (i) Dispensary Expenses, (ii) Office Expenses, (iii) Practice Expenses, and (iv) the following Shareholder Expenses: (A) Shareholder’s salary not to exceed One Hundred Ninety Thousand And No/100 Dollars ($190,000.00) on an annualized basis; (B) the amount of the Bonus with respect to such period as set forth in the President’s Employment Agreement not to exceed Twenty Thousand And No/100 Dollars ($20,000) on an annualized basis; (C) payroll taxes related to Shareholder’s salary and the Bonus; and (D) other Shareholder Expenses not to exceed Five Thousand And No/100 Dollars ($5,000) unless otherwise agreed to by the Retail Business Manager.
Supplemental Management Fee. The Supplemental Management Fee shall be estimated and paid to the Retail Business Manager monthly based upon a 52-week year. At the end of each fiscal year, the actual Supplemental Management Fee shall be calculated and (i) if the actual Supplemental Management Fee exceeds the estimated Supplemental Management Fee, then the Practice shall pay the Retail Business Manager the difference, and (ii) if the actual Supplemental Management Fee is less than the estimated Supplemental Management Fee, then the Retail Business Manager shall pay the Practice the difference.
Supplemental Management Fee. In consideration of the improved efficiencies expected to be effected by Retail Business Manager, as an incentive to Retail Business Manager to effect those efficiencies, and as additional compensation for the services provided by Retail Business Manager, Retail Business Manager shall be paid each month, during the Term of this Retail Business Management Agreement, a supplemental management fee equal to the percentage of the Adjusted Net Revenue on Exhibit 5.2 attached hereto. For purposes of this Exhibit 5.2, Adjusted Net Revenue shall be calculated as the amount remaining after subtracting from Adjusted Gross Revenue (i) Dispensary Expenses, (ii) Office Expenses, (iii) Practice Expenses, (iv) any payment for services or products made in whole or in part under a Federal Health Care Program, and (v) the following Shareholder Expenses: (A) Shareholder’s salary and Bonus with respect to such period as set forth in the President’s Employment Agreement, not to exceed Two Hundred Forty-Five Thousand And No/100 Dollars ($245,000.00), in the aggregate, on an annualized basis; (B) payroll taxes related to Shareholder’s salary and the Bonus; (C) other Shareholder Expenses not to exceed Five Thousand And No/100 Dollars ($5,000) unless otherwise agreed to by the Retail Business Manager and (D) any payment received by the Practice for services or products made in whole or in part under a Federal Health Care Program. The term “Federal Health Care Program” shall mean and include a federal health care program, as such term is defined in Section 1128B(f) of the Social Security Act, as amended, including but not limited to, payments made to the Practice under Medicare and Medicaid.”
Supplemental Management Fee. In consideration of the improved efficiencies expected to be effected by Retail Business Manager, as an incentive to Retail Business Manager to effect those efficiencies, and as additional compensation for the services provided by Retail Business Manager, Retail Business Manager shall be paid each month, during the Term of this Retail Business Management Agreement, the Supplemental Management Fee calculated and determined as set forth on Exhibit 5.2.