Executive Management Fee definition

Executive Management Fee means an amount equal to $2.0 million per year;
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Executive Management Fee is defined in Section 3.2(a).
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Examples of Executive Management Fee in a sentence

  • For purposes of the initial payment hereunder, the Executive Management Fee will accrue commencing on the date hereof and will be pro-rated based on the actual number of days during the first Quarter in which this Agreement is in effect.

  • From and after the effective date of the termination of this Agreement, Abengoa shall not be entitled to receive the Executive Management Fee for further Services under this Agreement, but will be paid all compensation accruing to and including the date of termination (including such day).

  • The Executive Management Fee shall be pro-rated and paid quarterly in arrears.

  • The Parties agree that the Executive Management Fee shall initially be $560,000, payable in equal monthly installments on or before the tenth business day of each month, commencing in the first month following the Closing Date.

  • Notwithstanding the foregoing, such adjustment to the Executive Management Fee may include, with the approval of the Conflicts Committee, working time devoted by W.

  • Any such adjustment to the Executive Management Fee shall be approved by the Conflicts Committee.

  • For the avoidance of doubt, the costs and expenses set forth in Section 3.3 shall be paid by the Partnership Group in addition to, and not as a part of or included in, the Executive Management Fee.

  • In addition to the Fixed Executive Management Fee and the Fixed Minimum Management Fee, City shall pay to Operator an annual incentive fee (the “Incentive Fee”) in amount that shall vary based upon Operator’s ability to achieve the Weighted Incentive Fee Percentages for each Operating Year.

  • The Fixed Executive Management Fee, Executive Management Fee and Incentive Fee shall not be considered an Operating Expense and, therefore, will be charged below the Gross Operating Profit line of the Income Statement.

  • The Fixed Executive Management Fee shall be paid in equal monthly installments over the 12 months of the Operating Year.

Related to Executive Management Fee

  • Incentive Management Fee shall have the meaning set forth in Section 9.2(e) hereof.

  • Executive Management means the CEO and the CFO for purposes of administering this Plan.

  • Base Management Fee means the base management fee, calculated and payable quarterly in arrears, in an amount equal to one-fourth of 1.50% of the Company’s Equity.

  • Executive manager means an individual employed by a new motor vehicle dealer in an executive capacity and who has a written employment agreement with the dealer that includes a right for the executive manager to purchase a controlling interest in the dealership at a future time or on the death or incapacity of the dealer.

  • Asset Management Fee shall have the meaning set forth in Section 8.03.

  • Investment Management Fee means each of the Senior Investment Management Fee, the Subordinated Investment Management Fee and the Incentive Investment Management Fee.

  • Adaptive management means reliance on scientific methods to test the results of actions taken so that the management and related policy can be changed promptly and appropriately.

  • Property Management Fee means the fee payable to the Manager for its day-to-day management of the Property pursuant to the Management Agreement.

  • Project Management Consultant means --------------Not Applicable --------------

  • Collateral Management Fee The fee payable to the Collateral Manager in arrears on each Payment Date pursuant to Section 8(a) of the Collateral Management Agreement and Section 11.1 hereof, comprised of (x) the Base Management Fee and (y) the Subordinated Management Fee.

  • Management Fee shall have the meaning set forth in Section 10(a).

  • Executive Mayor means the councillor elected as the executive mayor of the municipality in terms of section 55 of the Municipal Structures Act;

  • Management Team means Xxxxxx X. X’Xxxxxxx, Xxxxxxx X. Xxxxxx, Xx. and Xxxxx X. Xxxxxxxxxx.

  • Operating Advisor Consulting Fee A fee for each Major Decision on which the Operating Advisor has consultation rights equal to $10,000 or such lesser amount as the related Mortgagor pays with respect to any Serviced Mortgage Loan (or Serviced Loan Combination, if applicable), payable pursuant to Section 3.06(a) and Section 3.06A(a) of this Agreement; provided, that the Operating Advisor Consulting Fee shall be payable only to the extent such fee is actually received from the related Mortgagor as a separately identifiable fee; provided, further that the Operating Advisor may in its sole discretion reduce the Operating Advisor Consulting Fee with respect to any Major Decision; and provided, further that the Master Servicer or Special Servicer, as applicable, may waive or reduce the amount of any Operating Advisor Consulting Fee payable by the related Mortgagor if it determines that such full or partial waiver is in accordance with the Servicing Standard (provided that the Master Servicer or the Special Servicer, as applicable, shall consult with the Operating Advisor on a non-binding basis prior to any such waiver or reduction).

  • Non-Executive Directors means the Directors who are not in whole time employment of the Company.

  • Non-Executive Director Means any director who is not an Executive Director.

  • Executive Chairman means the Executive Chairman of the Board.

  • Pharmacy benefits management means the administration or management of prescription drug

  • Exit Management Date means each of the following:

  • Senior Management Personnel means personnel of the company who are members of its core management team excluding Board of Directors. Normally, this would comprise all members of management one level below the executive directors, including all functional heads.

  • Executive Director means the executive director of the

  • Management Fees means, with respect to each Project for any period, an amount equal to the greater of (i) actual management fees payable with respect thereto and (ii) three percent (3%) per annum on the aggregate base rent and percentage rent due and payable under leases at such Project.

  • Key Management Personnel means persons having authority and responsibility for planning, directing and controlling the activities of the Company, directly or indirectly, including any Director (whether executive or otherwise) of the Company;

  • Virginia Stormwater Management Program or “VSMP” means a program approved by the State Board after September 13, 2011, that has been established by a locality to manage the quality and quantity of runoff resulting from land-disturbing activities and shall include such items as local ordinances, rules, permit requirements, annual standards and specifications, policies and guidelines, technical materials, and requirements for plan review, inspection, enforcement, where authorized in this article, and evaluation consistent with the requirements of this article and associated regulations.

  • Utilization management section means “you or your authorized representative.” Your representative will also receive all notices and benefit determinations.

  • Risk Management Fee means a value expressed in percentage per year, which forms the risk premium for the Issuer. The Initial Risk Management Fee for the First Trade Date is specified in § 1 of the Product and Underlying Data. The Calculation Agent adjusts the Risk Management Fee on each Adjustment Date acting in accordance with relevant market practice and in good faith to the current market circumstances so that the ratio of the Risk Management Fee to the relevant market parameters (especially volatility of the Underlying, liquidity of the Underlying, hedging costs and lending costs (if any)) remains substantially unchanged. The adjusted Risk Management Fee is valid during the period of the respective Adjustment Date (excluding) to the immediately following Adjustment Date (including). The Calculation Agent shall after its specification notify the valid Risk Management Fee in each case pursuant to § 6 of the General Conditions.