OWNER TO REIMBURSE EMPLOYEE EXPENSES Clause Samples

OWNER TO REIMBURSE EMPLOYEE EXPENSES. All wages, fringe benefits, and all other forms of compensation payable to, or for the benefit of, employees of the Project (but not to property managers not employed directly by the Project) and all local, state and federal taxes and assessments (including, but not limited to, payments to and administration of fringe benefits, Worker's Compensation, Social Security taxes and Unemployment Insurance) incident to the employment of all such personnel, shall be treated as an operating expense of the Project and shall be paid by Pinnacle from Owner's funds, from the Project operating account subject to the Plan. Such payments shall also include all awards of back pay and overtime compensation which may be awarded to any project employee in any legal proceeding, or in settlement of any action or claim which has been asserted by any such employee. Exhibit B sets forth the name of: (a) the senior executive personnel of Pinnacle who will be responsible for the performance of Pinnacle's duties under this Agreement (the "Executive Personnel"); and (b) Pinnacle's on-site building manager (the "Building Manager"). Any change in the Executive Personnel or Building Manager shall be subject to Owner's approval. Attached hereto as Exhibit C is a schedule (the "Reimbursable Employee Expense Schedule") that sets forth: (a) a list of Pinnacle's employees (including the Building Manager) who shall be employed on-site in the direct management and operation of the Project; (b) the respective titles and salary of each such employee; (c) the length of time that each such employee has been employed by Pinnacle;

OWNER TO REIMBURSE EMPLOYEE EXPENSES. All wages, fringe benefits, and all other forms of compensation payable to, or for the benefit of, employees of the Project (but not to property managers not employed directly by the Project) and all local, state and federal taxes and assessments (including, but not limited to, payments to and administration of fringe benefits, Worker's Compensation, Social Security taxes and Unemployment Insurance) incident to the employment of all such personnel, shall be treated as an operating expense of the Project and shall be paid by Pinnacle from Owner's funds, from the Project operating account subject to the Plan. Such payments shall also include all awards of back pay and overtime

OWNER TO REIMBURSE EMPLOYEE EXPENSES. All wages and payroll related expenses (which includes fringe benefits, and all other forms of compensation payable to, or for the benefit of, employees of the Project ((but not to property managers not employed directly at the Project)) and all local, state and federal taxes and assessments (including, but not limited to, payments to and administration of fringe benefits, employee benefits insurance program, worker’s compensation, Social Security taxes and Unemployment Insurance) incident to the employment of all such personnel and their direct training), and employer health insurance contributions shall be treated as an operating expense of the Project and shall be paid by Manager from Owner’s funds, from the Project operating account subject to the Plan. However, nothing contained herein shall be construed as creating any direct obligation by the Owner to any employee of Manager for such items, which obligation is expressly disclaimed by Owner and remains the sole responsibility of Manager. In addition, Manager shall accrue for all vacation pay due site employees. To the extent caused by Owner’s gross negligence or willful misconduct, such payments shall also include all awards of back pay and overtime compensation that may be awarded to any project employee in any legal proceeding, or in settlement of any action or claim that has been asserted by any such employee. Owner shall pre-pay Project payroll thirty days in advance and authorizes Manager to maintain a credit for thirty days of estimated Project payroll for the term of this Agreement.