Cumulative Compensation definition
Cumulative Compensation means the total aggregate compensation provided under Liquidity Events.
Cumulative Compensation means the annual aggregate amount of compensation earned and paid to the Bank in a calendar year from this uncommitted facility from Letter of Credit commissions, interest on Advances (calculated on the margin collected over the Bank’s Cost of Funds or the Bank’s Prime Rate with respect such Advances as determined by the Bank), Administrative Fee and monthly wire transfer fees. Cumulative Compensation shall not include the Origination Fee or
Examples of Cumulative Compensation in a sentence
If the Employee dies prior to the Salary accumulating to the level of the Cumulative Compensation Amount, the Employer shall pay to the Employee's estate the Salary that would otherwise be payable to the Employee under the terms of this Agreement.
Under no circumstances shall the Funding Advances be deemed to be an increase in the Contract Price, nor create entitlement to an increase in the Maximum Cumulative Compensation Amount.
The Funding Advances shall not: (x) increase the Contract Price; (y) modify the Target Earnings Schedule; or (z) modify the Maximum Cumulative Compensation Amount.