Technical Services. For Technical Services provided by each employee of the Manager during a given month, the amount shall be determined as follows: (i) for the employees identified on Schedule 1 attached hereto, the amount set forth on Schedule 1; (ii) for employees not listed on Schedule 1, the product of (a) the percentage of such employee’s time in such month spent on the business of the Company, multiplied by (b) the total cost to the Manager of salary and benefits, excluding bonuses, for such employee during such month. The amount of employee time allocated to the Company shall be determined by the Manager using commercially reasonable practices and using its best efforts to fairly and equitably allocate such time.
Appears in 6 contracts
Samples: Asset Purchase Agreement (Armstrong Coal Company, Inc.), Operating Agreement (Armstrong Coal Company, Inc.), Operating Agreement (Armstrong Energy, Inc.)
