Compensation; Reimbursement. At the closing of each Offering (each, a “Closing”), the Company shall compensate Xxxxxxxxxx as follows:
Compensation; Reimbursement. During the Term, the Company shall pay or provide to the Executive, in full satisfaction for his services provided hereunder, the following:
Compensation; Reimbursement. (a) During the Term of Employment, the Corporation (or at the Corporation's option, any subsidiary or affiliate thereof) shall pay to the Employee an annual base salary ("Base Salary") of One Hundred and Seventy Thousand and Forty Dollars ($170,040), payable in installments as is the policy of the Corporation with respect to employees of the Corporation at substantially the same employment level as the Employee, but in no event less frequently than once per month. Thereafter, the Base Salary shall be subject to increase at the option and in the sole discretion of the Board of Directors of the Corporation.
Compensation; Reimbursement. No compensation shall be payable by the Partnership to any Partner or to an Affiliate of any Partner unless permitted pursuant to the AGHC Prospectus and Section 5.2. Unless reimbursement is prohibited under Section 5.5 or another provision of this Agreement, the Partnership shall reimburse the General Partner for its actual and reasonable out-of-pocket expenses incurred in connection with Partnership business to the extent the General Partner is authorized to take the action resulting in such expenses, including those expenses that are described in this Section 5.1 or that are otherwise specifically authorized by this Agreement.
Compensation; Reimbursement. (a) The Employer shall pay to the Employee as compensation for all services rendered by the Employee during the term of this Agreement a basic annualized salary of $350,000 per year (the "Basic Salary"), or such other amount as the parties may agree on from time to time, payable in equal monthly installments or in other more frequent installments, as determined by the Employer. The Board of Directors of the Employer shall have the right to increase the Employee's compensation from time to time by action of the Board of Directors. In addition, the Board of Directors of the Employer, in its discretion, may, with respect to any year during the term hereof, award a bonus or bonuses to the Employee in addition to the bonuses provided for in Section 3(b). The compensation provided for in this Section 3(a) shall be in addition to any pension or profit sharing payments set aside or allocated for the benefit of the Employee.
Compensation; Reimbursement. At the closing of the Public Offering (the “Closing”), the Company shall compensate Wxxxxxxxxx as follows:
Compensation; Reimbursement. Each Fund shall compensate JCM for the services it provides pursuant to this Agreement and/or shall reimburse JCM for the reasonable costs incurred by JCM, its officers, employees and delegates, in providing services pursuant to this Agreement. Compensation and/or reimbursement to be provided to JCM is limited to that set forth on Schedule B. Such compensation/reimbursement shall be paid monthly unless otherwise reflected on Schedule B. Nothing in this Agreement shall obligate JCM to pay for the services of third parties, including but not limited to, attorneys, auditors, printers, pricing services, third party administrators, or others, engaged directly by the Trust and/or a Fund to perform services on behalf of the Trust or a Fund. However, JCM or its affiliates may make payments to such third parties on behalf of the Trust and/or a Fund and subsequently seek reimbursement of such payments from the Trust and/or the Fund. Such reimbursement shall be paid on a monthly basis, or at such time as the parties may agree. To the extent JCM contracts with others to provide the services it is obligated to provide pursuant to this Agreement, fees paid to the third party shall be borne by JCM, unless the Board of Trustees of the Trust agrees that the Trust and/or a Fund shall pay such fees. From time to time, JCM may waive all or a portion of its compensation or determine not to seek reimbursement of its costs or payments it is obligated to pay to others as provided for hereunder, or the Board of Trustees may request such a waiver of compensation or reimbursement. JCM shall pay all expenses resulting from regulatory or legal changes impacting the services to be provided to the Trust and/or a Fund pursuant to this Agreement, but such expenses may be paid by the Trust and/or the Fund if such payments are expressly approved by the Board of Trustees of the Trust. The Trust and/or a Fund may be obligated to pay other costs and expenses pursuant to other agreements between the Trust and/or a Fund and JCM, or as otherwise approved by the Trust’s Board of Trustees.
Compensation; Reimbursement. Employer shall pay Employee and Employee agrees to accept from Employer, in full payment for Employee’s services hereunder, compensation at the rate of two hundred thousand dollars ($200,000.00 USD) per annum, payable weekly. In addition to the foregoing, Employer will reimburse Employee for any and all necessary, customary, and usual expenses and travel expenses incurred by him in furtherance and performance of his duties on behalf of the Employer.
Compensation; Reimbursement. For all services rendered by Executive under this Agreement during the Employment Term, the Company shall pay Executive the compensation set forth in Section 3.1 hereof, and shall provide the other benefits and reimbursement of expenses set forth elsewhere in this Article 3.
Compensation; Reimbursement. The Managers may not receive compensation for their services; however, the Company may reimburse the Managers for all direct out-of-pocket expenses incurred by them in managing the Company.
