Variable Fee to the Contractor for Retails Sales Net of Taxes Sample Clauses

Variable Fee to the Contractor for Retails Sales Net of Taxes. Each Fiscal Year, for the term of this Contract, the Contractor shall receive the following:  X% of the first $X of Net Retail Sales as defined in Section 9.1, including but not limited to Catering, Retail Sales, Camps, Conferences, Concessions, Commuter Meal Plan, and Clinics;  X% of the amount of Net Retail Sales as defined in Section 9.1 including but not limited to Catering, Retail Sales, Camps, Conferences, Concessions, Commuter Meal Plans, and Clinics from above $X to a maximum of $X; and  X% of the Net Retail Sales including but not limited to Catering, Retail Sales, Camps, Conferences, Concessions, Commuter Meal Plans, and Clinics from above $X. The Contractor acknowledges and agrees that the total aggregate compensation to be paid to the Contractor or collected by the Contractor for services under this Agreement from the University, students, University employees, guests, or other third parties utilizing the services (including but not limited to all amounts payable to or collected by Contractor pursuant to this Section 9) shall consist solely of the Fixed Annual Compensation as described in Section 9.2.1 and the Variable Annual Compensation as described in Section 9.3. Such Variable Annual Compensation paid to or collected by the Contractor for each annual period from July 1st to June 30th of each year shall be defined as the “Variable Annual Compensation.” The Contractor shall remit to the University X percent (X %) of the Net Retail Sales in excess of X Dollars ($X) on or before August 15th of each year for the previous Fiscal Year.
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