Excessive Compensation Clause Samples
The Excessive Compensation clause sets limits on the amount of compensation that can be paid to individuals or entities under a contract. Typically, it establishes a threshold or standard for what is considered reasonable pay, often referencing industry norms or regulatory guidelines, and may require approval or justification for payments exceeding this amount. This clause helps prevent misuse of funds, ensures fairness, and protects parties from financial risk associated with overpayment.
Excessive Compensation. Neither Industries nor Machine shall pay excessive or unreasonable salaries, bonuses, fees, commissions or other compensation;
Excessive Compensation. Pay excessive or unreasonable salaries, ---------------------- bonuses, commissions, consultant fees, or other commissions to employees, agents, contractors, vendors or the Tribal Gaming Commission;
Excessive Compensation. Pay excessive or unreasonable salaries, bonuses, fees, commissions or other compensation;
Excessive Compensation. Neither the Borrowers nor the Guarantors shall pay excessive or unreasonable salaries, bonuses, fees, commissions or other compensation;