Compensation, etc Sample Clauses
The 'Compensation, etc' clause defines the terms under which one party will pay the other for services rendered, work performed, or losses incurred. Typically, it outlines the amount, timing, and method of payment, and may also address related matters such as reimbursement of expenses or adjustments for additional work. This clause ensures that both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment and providing a framework for fair compensation.
Compensation, etc. Except as set forth in Schedule 4.23.b, Seller is not subject to, and has no obligation under, any employment, consulting, or collective bargaining contracts, deferred compensation, pension (as defined in Section 3(2) of the Employee Retirement Income Security Act (ERISA), profit-sharing, bonus, stock option, stock appreciation, stock purchase, or other nonqualified benefit or compensation commitments, benefit plans, arrangements, or plans, including any welfare plans (as defined in Section 3(1) of ERISA), fringe benefit arrangements, or multi- employer plans (as defined in Section 3(37)(A) of ERISA). Seller has complied with all of its obligations under the foregoing in all material respects.
Compensation, etc. Except as set forth in Schedule 2.17(b), the Company is not subject to, and has no obligation under, any employment, consulting, or collective bargaining contracts, deferred compensation, pension (as defined in Section 3(2) of the Employee Retirement Income Security Act (ERISA), profit-sharing, bonus, stock option, stock appreciation, stock purchase, or other nonqualified benefit or compensation commitments, benefit plans, arrangements, or plans, including any welfare plans (as defined in Section 3(1) of ERISA), fringe benefit arrangements, or multi-employer plans (as defined in Section 3(37)(A) of ERISA) pertaining to the Business Employees (collectively, the "Plans"). The Company has never had any Plans.
Compensation, etc. The Borrower hereby agrees to compensate each ------------------ Lender for making a Deposit by paying such Lender compensation on the outstanding principal amount of such Lender's Deposit from the date of such Deposit until the date (the "Release Date") such Deposit shall be transferred to ------------ the Borrower's Depositary Account in accordance with Section 2.13(d) or withdrawn by such Lender in accordance with Section 2.13(e), at a rate per annum equal at all times to the Special Funding Rate for such Lender in effect from time to time (net of earnings, if any, on such Deposit payable by the Depositary), such compensation to be payable on the Expected Funding Date and on the Release Date. The costs and expenses of opening and maintaining the Pre- Funding Deposit Accounts are for the account of the Borrower.
Compensation, etc. Hire new employees, grant any salary or wage increase, grant new equity-related awards or severance or termination payments or increase any employee benefit, including incentive or bonus payments (or, with respect to any of the preceding, communicate any intention to take such action), except (1) to make changes that are required by applicable law, (2) to satisfy Previously Disclosed contractual obligations existing as of the date hereof, or (3) for hiring of employees or salary increases and normal adjustments in bonuses and incentive compensation in each case (A) in the ordinary course of business, (B) in accordance with past practice and (C) to the extent such adjustment does not impact any person receiving or entitled to receive in excess of $100,000 per year.
Compensation, etc. Except as set forth in Schedule 4.23.b, Seller is not subject to, and has no obligation under, any employment, consulting, or collective bargaining contracts, deferred compensation, pension (as defined in Section 3(2) of the Employee Retirement Income Security Act (ERISA), profit-sharing, bonus, stock option, stock appreciation, stock purchase, or other nonqualified benefit or compensation commitments, benefit plans, arrangements, or plans, including any welfare plans (as defined in Section 3(1) of ERISA), fringe benefit arrangements, or multi-employer plans (as defined in Section 3(37)(A) of ERISA) of or pertaining to the present or former employees involved in the Software Business. Seller has complied with all of its obligations under the foregoing in all material respects.
Compensation, etc. In any and all claims against Lessee, by -------------------------- or on behalf of any employee of Operator or any Subcontractor, or any other party for whose acts Operator or any Subcontractor may be liable, the indemnification obligation stated above shall not be limited in any way by any compensation or benefits payable by or for Operator under any applicable workers' compensation act, disability act or other act providing employee benefits or limiting the direct liability of Operator with respect to the same.
Compensation, etc. We reserve the right to withhold and offset Fees against future payments, as set out below. The exercise of these rights by us does not limit any other rights to withhold or compensate Fees or to use other remedies. ▪ If we pay you Commissions on a sale and subsequently need to make a refund, return or credit note for that sale, we will be entitled to offset the amount of that Commission previously paid for the sale against future Commissions or we may ask you to return that amount. ▪ Upon termination of this Agreement, we reserve the right to withhold all Fees owed to you for a period of three months from the date they should have been paid to ensure that we are cleared of any refunds or other offsets we are entitled to with respect to the Fees . ▪ Should we terminate this Agreement as a result of your breach of any representations and warranties made by you, you will lose your right to receive any Fees we have not yet paid to you. If, after we have removed your account, you decide to open another one without our express permission, we will not be required to pay you any Commission through the new Account.
Compensation, etc. Except as set forth on Schedule 4.1.13(a)(ii) and except as expressly provided for in an existing Plan or agreement set forth on Schedule 4.1.19(a), grant or promise to grant to any of its officers, directors, managerial personnel or other employees (including leased employees, if any) or agents, any material increase in compensation or commissions, or in severance or termination pay, or, except as required under Section 7.5(b), adopt or amend or promise to adopt or amend any new or existing Plan covering any Business Employee employed or formerly employed in connection with the business of Seller, FMI or the Acquired Companies or amend in any material respect any Plan, unless such amendment is required to comply with applicable law or is expressly permitted under Section 7.5(b), or grant or promise to grant any material benefits payable upon a change in control of any such entity.
Compensation, etc. The aggregate annual Compensation paid by the Company and its Subsidiaries to the five most highly compensated officers or employees of the Company and its Subsidiaries or their Affiliates shall not exceed the amounts set forth in Exhibit 5.13, adjusted annually to provide for cost of living increases corresponding to the Consumer Price Index, unless such compensation is increased with the approval of the Compensation Committee of the Board of Directors, which committee shall include a Preferred Director. At no time shall the annual Compensation paid to any officer or other employee of the Company or any of its Subsidiaries or to any of their Affiliates exceed arm's-length Compensation, except with the approval of the Compensation Committee, including the approval of the Preferred Director who is a member thereof. Any severance arrangements with respect to any employee shall in no event exceed one year salary except to the extent expressly approved by the Compensation Committee or as set forth in Exhibit 5.13 or the Material Agreements. The Company and its Subsidiaries shall not enter into written employment or management contracts except as set forth on Exhibit 5.
Compensation, etc. Online Partner is entitled to compensation according to Online Partners price list applicable from time to time. Currently the base fee for consulting services is SEK 1,250 plus VAT. If the parties have agreed on a different price than the price list at the respective time, Online Partner is entitled to adjust the agreed price in accordance with changes in the Labor Cost Index (AKI) code J (Arbetskostnadsindex (AKI) kod J (Informations- och kommunikationsbolag)) once per calendar year. Online Partner's compensation is stated exclusive of VAT and other possible additional taxes and fees relating to the Services. Online Partner is entitled to compensation for expenses as agreed between the Parties. Online Partner is entitled to compensation for travel and work outside regular working hours according to price list at the respective time.
