Common use of General Compensation Clause in Contracts

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General compensation as set forth below: The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General

General Compensation. Grantee agrees to pay the City as General Compensation during each Compensation year Year for the use of the Public Ways throughout the duration of this Agreement (subject to the City’s rights of adjustment set forth in Section 2.3 and Section 7.12 hereof) a sum equal to the General compensation Compensation as set forth below: . The General Compensation during the Compensation Year ending December 31, 1995 shall be the greater of $50,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General Compensation during the Compensation Year ending December 31, 1996 shall be the greater of $140,000 or two percent (2%) of Grantee’s Total Gross B▇▇▇▇▇▇▇. The General)