Percentage Payment Sample Clauses

Percentage Payment. Employer shall pay additional compensation of one and two-tenths percent (1.2%) of the Employer's accountable receipts from the distribution of Such Program. Such payment is to be divided as follows: one-half (½) of such amount to be paid to the Director; one-third (a) of such amount to be paid to the Directors Guild of America–Producer Pension Plan (herein referred to as the "Pension Plan"); and a pro rata share of one-sixth (1/6) of such amount to be paid to the Associate Director and Stage Manager employed on such program (such portion of such one-sixth (1/6) pro rata share to be based upon their respective minimum schedule wage rate hereunder). If more than one Director, Associate Director or Stage Manager renders services in connection with Such Program, the allocations of their respective portion of the pro rata shares shall be determined by the Guild and the Employees shall be bound by such determination.

Percentage Payment. When Artist is being paid based on a percentage, the following shall be in effect: a) Deposit: 50 % of the guaranteed fee shown on the Contract shall be deposited with Agent on return of the Contract signed by Purchaser. b) Balance: All remaining payments shall be paid to Artist within 30 minutes following the completion of Artist's performance; by cash and/or certified cheque payable to STELLA RECORDS.

Percentage Payment. The County shall pay to Contractor an incentive/profit sharing sum equal to 33% of annual net sales revenue in excess of $155,000.00 for the sale of recyclable material during each calendar year. During the first year of this agreement, the contractor and county will base the percentage payment amount on sales from February 1, 2012 through December 31, 2012. For 2013 and thereafter, the revenue calculations shall be based on the full calendar years, January through December. The revenue calculations shall be based on the full calendar years, January 1st through December 31st. The percentage payment calculation will be based on revenue earned for the sale of all materials currently being processed. The payment earned shall be documented and deducted monthly from the contractor’s payment to the county. The Parties further agree that commencing on January 1, 2013, and each January 1 thereafter during this agreement or any extension thereof, the purchase of service fees paid by the County to the Contractor shall be negotiated to reflect increases in operational and labor costs. Negotiations shall be completed by March 1st and increases agreed to shall be retroactive to January 1. Any adjustment shall be added to and shall be part of the purchase of service fee heretofore provided and shall be payable in twelve (12) equal monthly installments as heretofore provided. If the scope of work changes (hours of operation or duties) the fees may be adjusted by negotiation and mutual agreement. The Parties further agree that commencing on January 1, 2017, and each January 1 thereafter during this agreement or any extension thereof, the purchase of service fees paid by the County to the Contractor shall be negotiated to reflect increases in operational and labor costs. Negotiations shall be completed by May 1st in 2017 and March 1st in subsequent years and increases agreed to shall be retroactive to January 1. Any adjustment shall be added to and shall be part of the purchase of service fee heretofore provided and shall be payable in four (4) equal installments as heretofore provided. If the scope of work changes (hours of operation or duties) the fees may be adjusted by negotiation and mutual agreement.

Percentage Payment. (a) Subject to the other provisions of this Section 1.12 set forth below, the Purchaser shall pay to Seller a payment (the “Percentage Payment”) on or before March 31, 2005 in an amount equal to (i) eleven percent (11%) of the first one million dollars of EBITDA of the Hospital for the calendar year ended December 31, 2004, plus (ii) nine percent (9%) of the second one million dollars of EBITDA of the Hospital for the calendar year ended December 31, 2004, and plus (iii) seven percent (7%) of the amount of the EBITDA of the Hospital for the calendar year ended December 31, 2004 in excess of two million dollars. The Purchaser shall make payments based on this same formula to Seller (i) on or before March 31, 2006 with respect to the EBITDA of the Hospital for the calendar year ended December 31, 2005 and (ii) on or before March 31, 2007 with respect to the EBITDA of the Hospital for the calendar year ended December 31, 2006. Each such payment if not paid when due shall bear interest at the prime rate of interest of ▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Bank as in effect from time to time from the respective payment date specified above until the date such payment is actually made. (b) Notwithstanding any provision hereof to the contrary, the maximum aggregate amount of the Percentage Payment payable by Purchaser with respect to the EBITDA of the Hospital for any individual calendar year shall be One Million Dollars ($1,000,000). (c) As used herein, the term “EBITDA of the Hospital” shall mean the net income of the Hospital plus the amount of interest, income taxes, depreciation and amortization for the applicable period, all as determined in accordance with the Hospital Historical GAAP Principles. As specified in Section 9.6, Purchaser shall maintain its separate corporate existence as the owner of the Assets until June 30, 2007. As such the EBITDA of the Hospital shall mean the same after the Closing as the EBITDA of the Purchaser. The principles and methodologies for determining the EBITDA of the Hospital shall be as specified in Schedule 1.12. The determination of EBITDA of the Hospital shall use the Hospital Historical GAAP Principles.

Percentage Payment. Concessionaire agrees to submit to the SFRAA, on or before the fifteenth (15th) calendar day of each month during the Term of this Concession Agreement, and by the twentieth (20th) day of the month following the termination of this Concession Agreement, a monthly Gross Revenues Report in a format and detail acceptable to the SFRAA. A sample Gross Revenues Report is attached hereto as Exhibit B. Along with said report, Concessionaire shall submit payment to the SFRAA in the amount, if any, by which the Percentage Payment required for the preceding month exceeds the amount of the prorated Minimum Annual Guarantee paid for said month.

Percentage Payment. During the Term, Endexx shall pay to Apollo an amount equivalent to two and one-tenth percent (2.1%)1 of all cash received by the Limited Liability Company from its net sales of Branded Products (as that term is defined in the Operating Agreement) or otherwise (the “Percentage Payment”).

Percentage Payment. The Percentage Payment for each Contract Year of the Concession Agreement shall be calculated as follows: a) percent ( %) of Gross Revenues In year 2019. b) percent ( %) of Gross Revenues In year 2020. c) percent ( %) of Gross Revenues In year 2021. d) percent ( %) of Gross Revenues In year 2022. *Credit card processing fees are not to be deducted from Gross Revenue)