INDIRECT COMPENSATION. In addition to the salary set forth above, Administrator will receive the following benefits during the Term:
INDIRECT COMPENSATION. Indirect compensation is compensation paid by third parties rather than or in addition to being paid directly by the Plan. For example, a mutual fund underwriter, variable annuity issuer or distributor, or other product sponsor may pay LPL an ongoing amount that is based on the value of the Plan’s investment in the product. Indirect compensation may be charged by the product sponsor against the Plan’s investment or reflect the net value of the Plan’s investment in a product. You should refer to the product’s prospectus for more specific information. Compensation may be paid as follows:
INDIRECT COMPENSATION. A descrip- tion of all indirect compensation (as defined in paragraph (c)(1)(viii)(B)(2) of Employee Benefits Security Admin., DOL § 2550.408b–2 this section) that the covered service provider, an affiliate, or a subcon- tractor reasonably expects to receive in connection with the services de- scribed pursuant to paragraph (c)(1)(iv)(A) of this section; including identification of the services for which the indirect compensation will be re- ceived, identification of the payer of the indirect compensation, and a de- scription of the arrangement between the payer and the covered service pro- vider, an affiliate, or a subcontractor, as applicable, pursuant to which such indirect compensation is paid.
INDIRECT COMPENSATION. SoundCity will provide Kamel with continued health and hospitalization insurance coverage for himself and his family. The insurance benefits will be at least as comprehensive as the medical insurance coverage in effect through SoundCity immediately before the Acquisition. Kamel will also have continued use, at SoundCity's sole expense, of the company vehicle or a suitable replacement. Kamel shall be entitled to such sick days, vacation time and other perquisites of employment as Kamel and SoundCity may agree upon from time to time, but not less favorable than SoundCity provided prior to the Acquisition nor less favorable than the level of such benefits provided by SoundCity or MOTG for its other executive employees. MOTG shall pay legal fees associated with any regulatory reporting requirements Kamel may have resulting from his beneficial ownership of MOTG stock.
INDIRECT COMPENSATION. (a) The Administrator shall be entitled to 12 sick leave days annually, cumulative to a total of 120 days.
INDIRECT COMPENSATION. The Custodian may receive Indirect Compensation. This may include Demand-Deposit-Account Compensation, Float Compensation, the allowance for investment-processing errors, the goodwill obtained by sharing information with Service Providers, and any other Compensation you approve. In order to appropriately credit the accounts of Plan participants invested in funds that pay fund fees and funds whose affiliates pay revenue sharing payments, the Custodian shall collect all such revenue sharing payments from all sources for all plans and process payment of all such amounts, less a 10% collection and processing fee, to a bookkeeping account maintained by the Recordkeeper unless the Custodian discloses otherwise. Such bookkeeping account will receive and track revenue sharing payments from all sources for all plans on the Recordkeeper platform since such revenue may come from multiple sources so as to avoid any potential fiduciary concerns. The Custodian does not maintain a separate account at the trust or segregate any portion of the revenue sharing payments for the benefit of any plan. To the extent the Custodian receives revenue sharing payments attributable to the Plan after the Plan terminates or deconverts, the Custodian may retain such amount as additional compensation.
INDIRECT COMPENSATION. 17. In addition to the relief discussed above, as part of this Agreement, New Balance will agree to take commercially reasonable efforts to refrain from the following conduct:
INDIRECT COMPENSATION. You elect and authorize to have fees paid as follows: Billed directly to you Deducted from Plan assets Responsible Plan Fiduciary *Fees are billed quarterly in advance and due on the first business day of each Billing Period. (A quarterly period is referred to as the “Billing Period”). The fee for each Billing Period, Subject to proration as necessary, shall be: An asset based fee calculated for each “tier” of the Plan’s valuation per the following table: Plan Assets Tiered-Asset Based Fee Less than $2,000,000 50 bps $2,000,001 - $5,000,000 35 bps $5,000,001 - $10,000,000 25 bps Greater than $10,000,000 15 bps Market value will be based on security prices reported by an independent pricing service. Plan assets considered Excluded assets (as defined in paragraph 4.a) are not included in the circulation of fees. Our Fee for each Billing Period is subject to a Minimum Fee of $125 (and prorated as necessary). Initial Date Address Unit City State Zip Code Primary Billing Contact (print) Phone Email The For the initial Billing Period, our Fee will be based on the market value of Plan Assets as of the first day of service. Thereafter, our Fee will be based upon the market value of the Plan assets on the last business day of the previous Billing Period (without adjustment for anticipated withdrawals by Plan participants or other anticipated or scheduled transfers or distributions of assets). No additional fee for the current quarter will be assessed if assets are deposited after the beginning of the quarter. No fee will be credited for the current Billing Period should any withdrawals from the Plan’s account occur in the current Billing Period. The Fee for the initial Billing Period will be the applicable amount prorated for the number of days our services were in effect during the initial Billing Period. If you terminate our services upon written notification per Paragraph 8, the Fee we are owed will be only for the number of days our services were in effect through to the date of termination during the final Billing period. If your Fee for the final Billing Period will already have been paid, you will receive a prorated credit. If we are providing services to a retirement plan that allows participant directed accounts through a recordkeeping platform, that recordkeeper will furnish you with cost information associated with the expenses of each investment option and model portfolios, if any. Otherwise, the next page contains a listing of those mutual funds and th...
INDIRECT COMPENSATION. A description of all indirect compensation (as defined in paragraph (c)(1)(viii)(B)(2) of this section) that the covered service provider, an affil- iate, or a subcontractor reasonably expects Employee Benefits Security Admin., Labor § 2550.408b–2(c) Nt. to receive in connection with the services de- scribed pursuant to paragraph (c)(1)(iv)(A) of this section; including identification of the services for which the indirect compensation will be received and identification of the payer of the indirect compensation.
