Commencing on the first day of the forty-first (41st) Lease Year and continuing on each anniversary thereof until the end of the Primary Term, the Base Rent shall increase to an amount equal to one hundred and two percent (102%) of the Base Rent effective for the preceding Lease Year.
Commencing on May 1, 2015 (the "Effective Date") and during the Term, as defined below, Employee will serve the Company and perform such executive duties for the Company as are required and consistent with the title of and bear all duties and responsibilities of CEO of the Company. Employee shall report to the Board of Directors of the Company (the “Board”) and shall be subject to the direction of the Board.
Commencing. May 1, 2013, EVM will reduce the advisory fee payable under the Advisory Agreement by 0.025% per annum. Thereafter, the advisory fee will be reduced an additional 0.025% per annum on May 1, 2014.
Commencing upon the execution of this Agreement, the Escrow Agent shall act as escrow agent and agrees to receive, hold, deal with and disburse the proceeds from the sale ("Proceeds") of Units and any other property at any time held by the Escrow Agent hereunder in accordance with this Agreement. The Managing Owner agrees to notify the Escrow Agent promptly (a) if the proposed offering of Units is extended by the Managing Owner as provided in the Trust's Prospectus dated ___________, 1997 (the "Prospectus") and (b) of the date of the Initial Closing Date (hereinafter defined) and each subsequent closing date. 2. CIS shall deposit all Proceeds received from the Selling Agents together with the name, address, federal tax identification number and amount of the subscription of each subscriber. All Proceeds shall be denominated in dollars and deposited in this escrow by check or wire transfer,
Commencing. (January 1st, 2008) each Eligible Employee shall contribute for each pay period an amount equal to three percent (3%) of Applicable Wages to the Plan. The Employer shall contribute on behalf of each eligible Employee for each pay period, an amount equal to four percent (4%) of Applicable Wages to the Plan.
Commencing upon the execution of this Agreement, the Escrow Agent shall act as escrow agent and agrees to receive, hold, deal with and disburse the proceeds from the sale ("Proceeds") of Units and any other property at any time held by the Escrow Agent hereunder in accordance with this Agreement.
Commencing. July 1, 1995 and continuing for the remainder of the term of the Consulting Agreement, Xxxxxx shall be paid a supplemental monthly fee of $944.44 in addition to his annual fee of $60,000 (payable in monthly installments of $5,000). Payments shall be made on or about the first day of the month.
Commencing. May 22, 1996, at any annual or special meeting of shareholders of CAC called for the purpose of electing directors, or in any action with respect to the election of directors taken by written consent of shareholders, Wilcox will cause Parent to vote xxx Xxares in such a manner as to ensure that all times during the term hereof: a) the CAC Board will consist of not more than five directors; b) not less than one director will be a nominee of the Union designated by the President of the United Steelworkers of America International Union, Pittsburgh, Pennsylvania, and c) not less than two directors will be nominees of Wilcox having no significant contxxxxxx business relationship with Wilcox or any entity controlled bx Xxxxox.
Commencing. January 1, 1996, and annually thereafter, Employee will be entitled to receive such increases in his annual base salary as may be approved by the Board of Directors of the Bank, with each such increase thereafter being included in his annual base salary for all purposes.
Commencing. At a found 1/2" iron rod on the south right-of-way line of North Crossroads Boulevard, a 100.00 foot right-of-way, said iron rod also being the north corner of Lot 15; THENCE: S 75(degree)28'42" W, the basis of bearings for this survey is based on the North American Datum of 1983, from State Plane Coordinates established for the Texas South Central Zone, along and with the said right-of-way of North Crossroads Boulevard, a distance of 94.43 feet to a point at the northwest corner of said Lot 15; THENCE: S 31(degree)05'41" W, along and with the cutback of said southeast right-of-way line of North Crossroads Boulevard and the Crossroads Boulevard a distance of 69.97 feet to the northwest corner of this easement and the POINT OF BEGINNING;