Monthly Compensation Sample Clauses

Monthly Compensation. The Consultants is to receive compensation of $5,000 to be invoiced and paid monthly as earned for all services provided unless otherwise specially compensated below. It is estimated the Consultants will provide on average a minimum of 40 hours a month of services. This amount may be more or less depending on the needs of the Client.

Monthly Compensation. Each month of the Delivery Term (and pro-rated for the first and last month of the Delivery Term if the Delivery Term does not start on the first day of a calendar month), Buyer shall pay Seller a Monthly Capacity Payment equal to the Contract Price x Effective Capacity x Efficiency Rate Factor x Operating Deviation Factor. Such payment constitutes the entirety of the amount due to Seller from Buyer for the Product. If the Effective Capacity and/or Efficiency Rate are adjusted pursuant to a Capacity Test other than the first day of calendar month, payment shall be calculated separately for each portion of the month in which the different Effective Capacity and/or Efficiency Rate are applicable.

Monthly Compensation. Monthly Commission ( % rate x Total Gross Sales) $ State Use Tax ( % rate x Monthly Commission) + $ State Use Tax Exempt Amount (enter $0.00 if not exempt) - $ Park Admission Fees Collected + $ # of Paid Visitors: # of Free Entry Visitors Credit card processing fees borne by the Concessionaire - $ (limited to Park Admission Fees and other Department-approved fees) Monthly Utility Fee(s) to Park + $ Pass through fee Pavilion rentals + $ Other Payments (identify) + $ Monthly Deposit Amount: % x Total Gross Sales $ Monthly Spending $ End of month balance $ Total Deposits, Year to Date $ Total Disbursements, Year to Date $ CERTIFICATION: I certify that this monthly gross sales statement is true and correct and is based upon actual gross receipts for the period covered and recorded in the accounting records available for review/audit by the Department. Signature of Concessionaire Date Signature of Preparer Date Preparer Name Return this form to the Department’s Agreement Manager. Monthly Profit and Loss Statement for (month) (year) (due with each Monthly Report of Concessionaire’s Total Gross Sales) Concessionaire: Park: Services Gross Sales Less Commissions Paid Less Cost of Goods Sold Less Operating Expenses Less Taxes Net Profit/Loss 1 Comments: 2 Comments: 3 Comments: 4 Comments: 5 Totals: Prepared by: Capacity: Date Submitted: Signature of Concessionaire: Date: Profit and Loss Statement for (year) (due April 30 of the following year) Concessionaire: Park: Services Gross Sales Less Commissions Paid Less Cost of Goods Sold Less Operating Expenses Less Taxes Net Profit/Loss 1 Comments: 2 Comments: 3 Comments: 4 Comments: 5 Totals: Prepared by: Capacity: Date Submitted: Signature of Concessionaire: Date: I. OVERALL OBJECTIVES AND TIME PERIOD Objective: To determine the accuracy of the gross sales reported to the Department of Environmental Protection (DEP) for the audit period and compliance with the Minimum Accounting Requirements included in the Agreement. The audit time period is the calendar year. Reports are due to the Park Manager no later than the date indicated in the Minimum Accounting Requirements paragraph found in the Agreement. Required records for review: 1. Concession Agreement 2. Monthly Reports of Gross Sales 3. Cash register tapes (select a sample of several days to form an opinion) 4. Cash receipts or sales journals 5. Bank statements, including validated deposit slips 6. General ledger 7. Sales tax forms (DR-15) 8. Quarterly evaluation repo...

Monthly Compensation. Submit to the Budget Officer, in a format approved by the State Public Defender, a monthly report of all compensation (whether paid as salary or as sums paid under a contract) paid to District personnel, by name and status (i.e., employee or independent contractor), during the month. For District personnel who perform services for themselves or anyone other than the District, the report should include the number of hours spent each week performing the District’s work, the number

Monthly Compensation. Upon the expiration of the Term for any reason, the Executive shall be entitled to continue to receive his Base Salary through the last day of the month in which the Termination Date occurs.

Monthly Compensation. Upon beginning employment with the City, City shall pay Employee a salary of $20,844 per month. This compensation shall be paid on the same payment schedule as City Department Heads, which is currently twice a month. Each year of this Agreement, the City Council shall review the performance and salary of Employee. The City Council, at its sole discretion, may authorize a modification in the salary paid to Employee at the time of any such performance review. If warranted in the opinion of the City Council based on the results of this annual performance review, the City Council will consider a 10% differential between the salary of Employee and the salary of the next highest paid Department Head.

Monthly Compensation. As consideration for the performance of the Services, Company will pay Consultant for each month of this Agreement, Ten Thousand Dollars ($10,000) per month, payable within ten (10) days of each month end. The Company shall reimburse Consultant for all reasonable travel and other out-of-pocket expenses incurred in performing the Services. The Company shall reimburse Consultant within thirty (30) days of receipt of Consultant's itemized statement and accompanying receipts. Payment shall be in the form of (i) common stock of the Company, commonly known as "S-8 Shares," with a fair market value as of the date of issuance equal to the amount due using the average of the price as of closing as reported on the Over the Counter Bulletin Board, or, (ii) cash. Both parties must mutually agree on form of payment. In addition, the Board of Directors or authorized committee thereof, will grant to the Consultant a warrant to purchase 200,000 shares of common stock over the Term of the Agreement, prorated quarterly in advance. The warrant shall be exercisable at any time before midnight on July 31, 2008. The exercise price shall be set equal to the fair market value of the underlying common stock as of the date of grant. The warrant shall also provide for "cashless" exercise. The parties acknowledge that no amounts have been paid to Consultant under the first paragraph of this Section 2 and that Company owes Consultant for services rendered for the months of August, September, October, November, and December 2003, an aggregate total of Fifty Thousand Dollars ($50,000) (the "Prior Period Amount"). Company agrees to pay Consultant this Prior Period immediately. Payment of the Prior Period Amount shall be in at least 50% in cash. The remaining balance will be in the form of (i) common stock of the Company, commonly known as "S-8 Shares," with a fair market value as of the date of issuance equal to the amount due using the average of the price as of closing as reported on the Over the Counter Bulletin Board, or, (ii) at the discretion of the Company, cash.

Monthly Compensation. In consideration of the services to be rendered hereunder by Consultant, and so long as Consultant has performed the services to the Company to the satisfaction of the required hereunder, the Company shall pay Consultant the amount of $20,000 per month to be paid in arrears on or before the fifth day of each calendar month following any month in which Consultant performs services. If this Agreement is terminated by the Company within six (6) months following Th▇▇▇▇▇▇ ▇▇▇▇▇▇▇: (i) no longer being the Chief Executive Officer of the Company, (ii) no longer owning Series A Preferred Stock, or (iii) owning (or having the right to convert to) on a fully diluted basis less than five percent (5%) of the common stock of the Company, then within 30 days thereafter the Company shall remit an amount equal to 12 months of compensation to Consultant by wire transfer of immediately available funds to an account specified by Consultant.

Monthly Compensation. As compensation for the Services, the Company will provide remuneration of $2,500 per month, paid monthly.