Wholesaling Compensation Sample Clauses

Wholesaling Compensation. The Company hereby acknowledges that the Managing Dealer may pay each of its wholesalers one percent (1%) of the gross sales price (computed at $10.00 per Share) of all Shares sold in such wholesaler's geographic territory (as the same may be established from time to time by agreement between the Managing Dealer and one or more of its wholesalers) but not in excess, in the aggregate, of one percent (1%) of the gross sales price (computed at $10.00 per Share) of all Shares sold, or a maximum of 45,000,000 Shares. The Company and the Managing Dealer hereby agree that the Company shall have no obligation to pay any portion of such amounts. The Company hereby agrees to reimburse reasonable out-of-pocket expenses that such wholesalers incur in connection with the distribution of its Shares; provided, however, that in no event will the Managing Dealer or the Company pay any amounts to any person if (i) such amounts constitute "underwriting compensation," and (ii) payment of such amounts could cause total underwriting compensation paid to underwriters, broker-dealers, or affiliates thereof from any source, and deemed to be in connection with or related to the distribution of the Offering, to exceed then-applicable compensation NASD guidelines.
Sample 1Sample 2Sample 3See All (19)
AutoNDA by SimpleDocs
Wholesaling Compensation. The Company hereby agrees to reimburse reasonable out-of-pocket expenses that wholesalers of the Managing Dealer incur in connection with the distribution of its Shares.
Sample 1Sample 2Sample 3See All (12)
Wholesaling Compensation. The Company hereby acknowledges that the Dealer Manager may pay each of its wholesalers 1% of the gross sales price (computed at $20.00 per Unit) of all Units sold in such Wholesaler's geographic territory (as the same may be established from time to time by agreement between the Dealer Manager and one or more of its wholesalers) but not in excess, in the aggregate, of 1% of the gross sales price (computed at $20.00 per Unit) of all Units sold, or a maximum of 1,000,000 Units. The Company hereby agrees to reimburse reasonable out-of-pocket expenses that such wholesalers incur in connection with the distribution of its Units, provided, however, that in no event will the Dealer Manager or the Company pay any amounts to any person if (i) such amounts constitute "underwriting compensation," and (ii) payment of such amounts could cause total underwriting compensation paid to underwriters, broker-dealers, or affiliates thereof from any source, and deemed to be in connection with or related to the distribution of the Offering, to exceed then applicable NASD compensation guidelines.
Sample 1Sample 2

Related to Wholesaling Compensation

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • 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.

  • Salary Compensation As salary compensation for Employee's services hereunder and all the rights granted hereunder by Employee to the Company, the Company shall pay Employee a gross salary of not less than $175,000 during the term of this Agreement. Employee's salary shall be payable in bi-weekly increments in accordance with the Company's payroll practices for salaried employees, upon the condition that Employee fully and faithfully performs Employee's services hereunder in accordance with the terms and conditions of this Agreement. The Company shall deduct and withhold from the compensation payable to Employee hereunder any and all amounts required to be deducted or withheld by the Company under the provisions of any statute, regulation, ordinance, or order and any and all amendments hereinafter enacted requiring the withholding or deducting from compensation payable to employees.

  • Consulting Compensation In consideration for the services to be provided by the Consultant pursuant to Section 1, above, the Consultant shall be compensated as follows:

  • Compensation Benefits Expenses (a) Compensation In consideration of the services to be rendered hereunder, including, without limitation, services to any Affiliated Company, Consultant shall be paid a fee of 1,000,000 shares, pursuant to the procedures regularly established, and as they may be amended, by the Company during the course of this Agreement.

  • 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.

  • Employees; Compensation Section 3.16(1) of the Disclosure Schedule constitutes a full and complete list of all current directors, officers, employees and consultants of the Company, specifying their names and job designations, the total amount paid or payable to such director, officer, employee or consultant in the prior fiscal year and from the beginning of the current fiscal [+] DESIGNATES PORTIONS OF THIS DOCUMENT THAT HAVE BEEN OMITTED FOR CONFIDENTIALITY PURPOSES 30 year through September 30, 2006, the basis of such compensation, whether fixed or commission or a combination thereof and their principal place of work.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Compensation Benefits and Reimbursement (a) The compensation specified under this Agreement shall constitute the salary and benefits paid for the duties described in Section 2(b). The Association shall pay Executive as compensation a salary of not less than $_____________ per year ("Base Salary"). Such Base Salary shall be payable biweekly, or with such other frequency as officers and employees are generally paid. During the period of this Agreement, Executive's Base Salary shall be reviewed at least annually. Such review may be conducted by a Committee designated by the Board, and the Board may increase, but not decrease (except a decrease that is generally applicable to all employees), Executive's Base Salary (any increase in Base Salary shall become the "Base Salary" for purposes of this Agreement). In addition to the Base Salary provided in this Section 3(a), the Association shall provide Executive at no cost to Executive with all such other benefits as are provided uniformly to permanent full-time employees of the Association. Base Salary shall include any amounts of compensation deferred by Executive under qualified and nonqualified plans maintained by the Association.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

Time is Money Join Law Insider Premium to draft better contracts faster.