FULL MONTH. With respect to each Full Month, in consideration of the Services provided by Excel hereunder, Legacy shall pay to Excel fees equal to the product of: (i) 1.15; and (ii) the sum of (x) one-third of the aggregate amount of all wages and salaries paid to Excel Employees during the Full Month, and (y) two-thirds of the aggregate amount of all wages and salaries paid to Legacy Individuals during the Full Month.
Appears in 3 contracts
Sources: Administrative Services Agreement (Excel Legacy Corp), Administrative Services Agreement (Excel Legacy Corp), Administrative Services Agreement (Excel Realty Trust Inc)