Fixed Compensation. Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation in the aggregate includes $35,833 per month for ancillary support services to supervise up to fifty (50) representatives dedicated to selling only Masterworks’ offerings.
Fixed Compensation. Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.
Fixed Compensation. For the services to be rendered by the Employee under this Agreement the Company shall pay Employee a fixed compensation of $52,000 per year (inclusive of any amounts subject to federal or state employment related withholding requirements), payable in arrears in equal weekly installments or otherwise as the parties may agree (“Fixed Compensation”).
Fixed Compensation. For the services to be rendered by the Employee under this Agreement the Company shall pay Employee annual fixed compensation (“Fixed Compensation”) as follows: (i) $78,000 per year (inclusive of any amounts subject to federal or state employment related withholding requirements) for the period commencing on the date of this Amendment and ending on June 4, 2013, and (ii) $91,000 per year (inclusive of any amounts subject to federal or state employment related withholding requirements) for the period commencing on June 5, 2013 and ending on January 18, 2016. Such Fixed Compensation shall be payable in arrears in equal weekly installments or otherwise as the parties may agree.”
Fixed Compensation. The Employee’s fixed compensation shall be based on a monthly salary of Ten Thousand ($10,000.00) payable monthly.
Fixed Compensation. The Company shall pay to the Consultant, as fixed base compensation (“Base Compensation”) for the Services under Section 2.2(b), (c) and (d), Two Hundred Seventy-Five Thousand Dollars ($275,000) per annum during the term of this Agreement, payable in twelve (12) equal consecutive monthly installments and pro rated daily for any partial period of service.
Fixed Compensation. During the period of the extension, i.e., from August 16, 1996 up through and including August 31, 1997, Consultant shall be compensated at the monthly rate of Twenty-four Thousand and no/100 Dollars ($24,000.00) prorated for partial months.
Fixed Compensation. Fixed compensation, payable in accordance with the normal payroll practices of the Company during the term hereof, initially at the rate of Two Hundred Thousand ($200,000) Dollars per annum plus, on each anniversary of the Commencement Date during the term of this Agreement, a cumulative annual cost of living increase equal to the greater of (i) the percentage increase indicated by the Consumer Price Index for all urban consumers (New York, Northeastern New Jersey) as promulgated by the U.S. Department of Labor (the "CPI") for the year then ended; and (ii) $10,000 ("Fixed Compensation"); provided, however, there shall be no increase in Employee's Fixed Compensation in any year in which the Company's Board of Directors freeze all executive employee salaries for economic reasons.
Fixed Compensation. Employee shall receive the amount of One Thousand Nine Hundred Seventy Six dollars ($1976.00) paid semi-monthly over the course of pre-production, production, post-production, and delivery.
Fixed Compensation. As used herein, "pre-tax income" shall mean income before taxes, determined in accordance with generally accepted accounting principles, as calculated in good faith by the Company's chief financial officer, or principal accounting or financial officer, within ninety days after the end of the Company's fiscal year; provided, that pre-tax income shall be computed without giving effect to extraordinary items of income or expense.