Compensation and Disbursements Sample Clauses

Compensation and Disbursements. As exclusive compensation for your work under this engagement, you and the other members of the Close-out Team, will be eligible to receive the following awards payable upon the successful achievement of the following milestones, as applicable, provided that you use reasonable best efforts to cooperate with the Company and perform Xxx Xxxxxx June 6, 2016 the tasks requested by the Company, and your reasonable best efforts continue through the successful achievement of the following milestones, as applicable: Fifteen percent (15%) of the proceeds of the sale of all or substantially all of the Company’s assets, payable upon the successful closing of the sale or, if there is more than one sale, the successful closing of the last sale that results in the Company having sold all or substantially all of its assets. Fifteen percent (15%) of any income received by the Company for the license or assignment of intellectual property, including patents, patent applications and trade secrets, payable when and as received by the Company. Fifteen Percent (15%) of any up-front payment or fee received by the Company for the divestiture of the Company’s GMP manufacturing facility located at 000 Xxxxxxxx Xxxxx, Xxxxxxxxx, whether by sublease, assignment, sale of assets, or otherwise, payable when and as received by the Company. In the event of a Company merger in which the Company is the surviving legal entity (i.e., a reverse merger), then the Close-out team will be entitled to a cash payment equal to fifteen percent (15%) of the valuation ascribed to StemCells, Inc. in the merger transaction for purposes of establishing the share exchange ratio. The Company will divide any success fees in good faith either ratably based upon efforts made or in equal shares across all eligible members of the Close-out Team. Unless otherwise agreed to in a signed writing by the Company (for example, because either the nature or the magnitude of work requested of you is extraordinary), after your Separation Date, you will not be compensated for any work done during this engagement, except as described above. All payments to you under this agreement will be made without deduction for withholding taxes and contributions. You are responsible for paying all required state and federal taxes on all amounts received by you under this letter agreement for the performance of the services performed pursuant to this letter agreement. Aggregate annual payments to you in excess of $600 shall be reported b...
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Compensation and Disbursements. 5.01 Price will be reimbursed from time to time for disbursements reasonably incurred with the approval of the president of Vibro-Tech in connection with Price's activities in Mexico.
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Compensation and Disbursements. 5.01 Quan will be reimbursed from time to time for disbursements reasonably incurred with the prior approval of the president of Vibro-Tech in connection with Quan's activities.5.02 In consideration of providing financial advice to Vibro-Tech and its affiliates, Vibro-Tech will grant to Quan an irrevocable option to purchase up to 25,000 shares of Vibro-Tech for $0.30 per share before December 31, 2003.
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Related to Compensation and Disbursements

  • Compensation and Expenses (a) As compensation for sourcing the Series Gallery Drop 091 Asset, the Asset Manager may be granted a sourcing fee equal to 3.27% of the total aggregate amount of Series Gallery Drop 091 membership interests that are sold in the Series’ offering under Regulation A of the Securities Act of 1933, as amended (the “Offering”), which the Asset Manager may waive in its sole discretion.

  • Compensation and Expense Reimbursement A. Client will pay the Company, as compensation for the services provided for in this Agreement and as reimbursement for expenses incurred by Company on Client's behalf, in the manner set forth in Schedule A annexed to this Agreement which Schedule is incorporated herein by reference.

  • Compensation and Reimbursement The Company agrees:

  • Section 607 Compensation and Reimbursement The Company agrees

  • Compensation and Fees (a) As Dealer-Manager you shall receive from the Managing General Partner the following compensation, based on each Unit sold to investors in a Partnership whose subscriptions for Units are accepted by the Managing General Partner:

  • Compensation; Payment of Fees and Expenses As compensation for the performance of the Administrator’s obligations under this Agreement, the Administrator shall be entitled to receive $2,500 annually, which shall be solely an obligation of the Servicer; provided, however, notwithstanding the foregoing, such compensation shall in no event exceed the Servicing Fee for the related annual period. The Administrator shall pay all expenses incurred by it in connection with its activities hereunder.

  • Compensation and Expenses of the Trustee The Trustee shall be entitled to receive from the Sponsor or an Affiliate of the Sponsor (including the Trust) reasonable compensation for its services hereunder as set forth in a separate fee agreement and shall be entitled to be reimbursed by the Sponsor or an Affiliate of the Sponsor (including the Trust) for reasonable out-of-pocket expenses incurred by it in the performance of its duties hereunder, including without limitation, the reasonable compensation, out-of-pocket expenses and disbursements of counsel and such other agents as the Trustee may employ in connection with the exercise and performance of its rights and duties hereunder.

  • Disbursements, Reimbursement Immediately upon the issuance of each Letter of Credit, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Issuing Lender a participation in such Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Ratable Share of the maximum amount available to be drawn under such Letter of Credit and the amount of such drawing, respectively.

  • Reimbursement of Fees and Expenses The Advisor retains its right to receive reimbursement of any excess expense payments paid by it pursuant to this Agreement under the same terms and conditions as it is permitted to receive reimbursement of reductions of its investment management fee under the Investment Advisory Agreement.

  • Compensation and Payment The Consultant shall be paid a base fee of Twenty Thousand US Dollars ($20,000) per month for his services hereunder. Payments will be made each month at the end of the month, or may be deferred, with Consultant’s consent, to a later date, or may be pre-paid on an earlier date. In addition, the amounts due hereunder may, at the election of the Consultant, be payable in stock of the Company with the per share price being equal to the last price paid by non-affiliate of the Company for its shares. The Consultant shall be entitled to reimbursement for all reasonable expenses.

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