Monthly Fees Beginning on the Opening Date, you will pay to us for each month (or part of a month, including the final month you operate under this Agreement) the Monthly Royalty Fees as set forth and defined in the Rider and a Monthly Program Fee in the amount of four percent (4%) of the Hotel's Gross Rooms Revenue (as the term is defined more specifically in Subparagraph 7.b. below) for the preceding calendar month. The amount of this Monthly Program Fee is subject to change by us from time to time. However, increase in the Monthly Program Fee, if any, will not exceed one percent (1%) of the Hotel's Gross Rooms Revenue in any calendar year, and the cumulative increases in the Monthly Program Fee, during the Term of this Agreement, will not exceed five percent (5%) of Gross Rooms Revenue.
Lump Sum Payments If, during the Employment Period, the Company terminates the Executive's employment other than for Cause, or the Executive terminates employment for Good Reason, the Company shall pay to the Executive the following amounts:
Premium Payments All premium payments or other monies payable for the Policies and Contracts shall be paid or remitted in full by or on behalf of Policy owners directly to ETLIC or its designated servicing agent together with such applications, forms and other documentation as may be required by ETLIC. Checks or money orders in payment of premiums or other monies payable shall be drawn to the order of "EquiTrust Life Insurance Company." ETLIC will retain all such payments except to the extent such payments are allocated to the Accounts.