Common use of Manager Compensation Clause in Contracts

Manager Compensation. P▇▇▇▇▇▇▇ and FC shall be compensated for making their employees available to the Company to serve as Managers. Further, the Managers shall be reimbursed for expenses reasonably incurred in carrying out such role. The total management fee payable to P▇▇▇▇▇▇▇ and FC shall be $125,000, which shall be paid (i) $101,250 to P▇▇▇▇▇▇▇, and

Appears in 2 contracts

Sources: Operating Agreement (Franklin Covey Co), Operating Agreement (Franklin Covey Co)