Modification of Compensation Sample Clauses

Modification of Compensation. (a) For the period from the Effective Date through December 31, 2001, the Executive will continue to receive his Minimum Salary (currently payable at the rate of $1,600,000 per year).
Sample 1
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Modification of Compensation. AgFirst acknowledges and agrees that its compensation under the Servicing Agreements for its reduced central servicing obligations with respect to each Loan shall be calculated at the applicable Servicing Fee Rate set forth in the applicable Servicing Agreement less [material omitted pursuant to a request for confidential treatment and filed separately with the SEC]. In consideration of Xxxxxx Mac's performance of the servicing obligations transferred by this Transfer Agreement, Xxxxxx Mac shall receive a Servicing Fee with respect to each Loan calculated at a Servicing Fee Rate of [material omitted pursuant to a request for confidential treatment and filed separately with the SEC]. AgFirst acknowledges and agrees that any such Servicing Fee payable to Xxxxxx Mac does not include any transfer fees separately payable by AgFirst to Xxxxxx Mac with respect to a Loan in connection with the transfer of central servicing rights and obligations from HarvestOne Funding, LLC and Western Farm Credit Bank to AgFirst. AgFirst further acknowledges and agrees that, except for: (1) a $500 fee with respect to each partial release for which AgFirst prepares the documentation or other servicing action for which AgFirst performs legal work; and (2) any field servicer fees payable to AgFirst under the Servicing Agreements, AgFirst shall not be entitled to any other servicing compensation under the Servicing Agreements, including any compensation in the form of assumption fees, late payment charges, interest calculated at a penalty rate, or other service charges imposed upon borrowers in connection with servicing the Loans. AgFirst shall deposit that portion of the Servicing Fee and other servicing compensation due to Xxxxxx Mac in the Collection Account with the related Installment Payment and report that amount to Xxxxxx Mac in the Central Servicer Report for the related Collection Period.
Sample 1
Modification of Compensation. WPCTSA and Seniors First agree to amend Article 17, “Compensation”, in the Partnership Agreement to reflect a not to exceed amount of $123,640 annually.
Sample 1
Modification of Compensation. Upon the mutual written agreement of the Company and the Executive, which may occur one or more times during the Initial Term of this Agreement or any renewal term, the Executive and the Company may agree that all or a portion of the compensation payable by the Company to the Executive pursuant to the provisions of this Article II or other provisions of this Agreement shall be suspended until such time as the financial circumstances of the Company more appropriately permit the payment of such compensation. With respect to any compensation, the payment of which is suspended, such compensation payment suspended shall accrue for the benefit of the Executive and shall be promptly paid in one or more installments upon the Company's attainment of the financial capability to effect such payment. If requested by the Executive, the Company shall cause to be prepared and delivered to the Executive one or more promissory notes evidencing such accrued but unpaid compensation hereunder and the principal of such note or notes shall bear interest at an annual rate equal to the corporate prime rate as charged from time to time by Northern Trust Bank of Florida, N.A., Sarasota, Florida.
Sample 1
Modification of Compensation. Notwithstanding the provisions of Section 7 below, the parties recognize that some of the products that are being or will be offered to customers for Specialty Physician Management Services may not fit the economic model envisioned at Section 7. In such a situation, the parties agree that they will in good faith attempt to revise the economic structure to create a budget tailored to the needs of the customer, and to appropriately divide the Service Fee. If the parties cannot agree to any modification of compensation hereunder, they shall submit their disputes to arbitration pursuant to Subsection 11.10.
Sample 1

Related to Modification of Compensation

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Changes to Compensation Notwithstanding anything contained herein to the contrary, Employee acknowledges that the Company specifically reserves the right to make changes to Employee’s compensation in its sole discretion including, but not limited to, modifying or eliminating a compensation component. The Parties agree that such changes shall be deemed effective immediately and a modification of this Agreement unless, within seven (7) days after receiving notice of such change, Employee exercises his right to terminate this Agreement without cause or for “Good Reason” as provided below in Paragraph No. 11. The Parties anticipate that Employee’s compensation structure will be reviewed on an annual basis but acknowledge that the Company shall have no obligation to do so.

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Compensation of Consultant The Company hereby agrees to compensate Consultant $1,000 per month payable on the first business day of the month.

  • Supplemental Compensation Pursuant to Section 7 of the Agreement, Supplemental Compensation will be paid as follows:

  • Modification of Services Credit Union reserves the right to modify the Service from time to time without making prior notice to Member, provided, however, that Credit Union will give you at least thirty (30) days notice prior to making any modifications to the Service that would materially alter their functionality.

  • Additional Compensation Notwithstanding anything in this Memorandum of Understanding to the contrary when in the judgment of the Board, it becomes necessary or desirable to utilize the services of County employees in capacities other than those for which they are regularly employed, the Board may authorize and, if appropriate, fix an additional rate of compensation for such employees.

  • ALTERATION OF AGREEMENT A. It is hereby agreed that any alteration or modification of this Agreement shall be binding upon the parties only if agreed to in writing by both parties.

  • Form of Compensation Compensation for overtime shall be paid except where, upon request of the Employee, and with the approval of the Employer, or its representative, overtime may be granted in the form of time off in lieu of overtime hours worked.

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