Examples of Executive Management Fee in a sentence
The Parties agree that the Executive Management Fee shall initially be $560,000, payable in equal monthly installments on or before the tenth business day of each month, commencing in the first month following the Closing Date.
From and after the effective date of the termination of this Agreement, Abengoa shall not be entitled to receive the Executive Management Fee for further Services under this Agreement, but will be paid all compensation accruing to and including the date of termination (including such day).
For purposes of the initial payment hereunder, the Executive Management Fee will accrue commencing on the date hereof and will be pro-rated based on the actual number of days during the first Quarter in which this Agreement is in effect.
The Executive Management Fee shall be pro-rated and paid quarterly in arrears.
In addition to the Fixed Executive Management Fee, City shall pay Operator the sum of Twelve Thousand Five Hundred Dollars ($12,500.00) per calendar month as a “Fixed Minimum Management Fee.” The Fixed Minimum Management Fee will be paid on the 15th day of each month during the term of this Agreement.
The Fixed Executive Management Fee is intended to provide for payment of a portion of the expenses incurred with respect to Operator’s Executive Staff for salary, wages, taxes, and employee benefits (“Executive Compensation”).
In addition to the Fixed Executive Management Fee and the Fixed Minimum Management Fee, City shall pay to Operator an annual incentive fee (the “Incentive Fee”) in amount that shall vary based upon Operator’s ability to achieve the Weighted Incentive Fee Percentages for each Operating Year.
The Fixed Executive Management Fee shall be paid in equal monthly installments over the 12 months of the Operating Year.
The Fixed Executive Management Fee, Executive Management Fee and Incentive Fee shall not be considered an Operating Expense and, therefore, will be charged below the Gross Operating Profit line of the Income Statement.