Partnership Fee definition
Examples of Partnership Fee in a sentence
By signing here, you are confirming that you have read, understood and agree to the terms and conditions shown on the reverse of The Openwork Partnership Fee Agreement.
Except as expressly limited by or otherwise provided in the provisions of this Agreement (including, without limitation, Section 6.4), Managing Partner shall have the right and duty to manage the day-to-day Business of the Partnership and to implement all decisions made on behalf of the Partnership, Fee Owner or affecting the Properties by the Partners (as applicable), all in accordance with the terms hereof and such other rights and powers as are granted to Managing Partner hereunder.
Please select Alliance partnership level: Select Partnership Level Annual Partnership Fee ☐ Diamond $250,000+ ☐ Platinum $150,000+ ☐ Gold $100,000+ ☐ Silver $25,000+ ☐ Bronze $10,000+ All partnership fee amounts are based in US Dollars.
For the avoidance of doubt: the Annual Partnership Fee does not cover the costs of the Partner in the performance of its obligations or participation set out in article *7 of this agreement, i.e. do not cover cost such as travelling costs to attend meetings or overnight stays.
The Partner Agency agrees to pay an Annual Partnership Fee of $250 for access to food and relief-oriented product as well as CFS literature and reports.
In the event of a termination on grounds of this article *9.3, the Partner shall not be entitled to a refund of the Annual Partnership Fee paid for that calendar year, or, in the event the payment for the calendar year is not made on the date of the termination, will still be obliged to pay this fee.
After the expiration of this Agreement, WPTE shall have the right to renew this Agreement on the same terms and conditions for a further five year term, provided that the Partnership Fee for the first year of the renewed term shall be increased by 25% from the fifth year of the Term.
The Partnership Fee will be reduced by *** for each *** percent that the cost per wafer is higher than the latest approved Company Business Plan unless the cost per wafer is higher by more than *** percent in which case the Partnership Fee will be reduced by **** plus an additional *** for each *** percent beyond the *** percent.
If the actual weighted average sort yield falls within the range of *********** of the yield specified in the latest approved Company Business Plan for a given quarter, there will be no adjustment to the Partnership Fee.
The Partnership Fee will be earned upon the execution of this Agreement and MSA.