Examples of RSI Management in a sentence
The Company agrees to pay or cause to be paid ----------- to the Executive during the Term a base salary at the rate of $500,000 per annum during the first five years of the Term, and $1,100,000 per annum during the sixth and seventh year of the Term, or such larger amount as RSI Management may from time to time determine (hereinafter referred to as the "Base Salary").
The Executive's employment hereunder --------------------- may not be terminated by the Company or RSI Management except (a) for Cause (as defined in Section 5.8(b)), (b) as a result of Executive's death or Disability (as defined in Section 5.8(c)); (c) upon an Adverse Valuation Determination, or (d) after the fifth anniversary of the Effective Date, as a result of the end of the term (unless otherwise extended) of the Fund.
The Company and RSI Management shall not be entitled to any additional or greater defenses, rights or remedies than they would otherwise have had, nor shall the Executive be deemed to waive or release any rights he would otherwise have had, were the amounts payable to S/S as S/S Transaction Fees instead payable to the Executive as additional stated Base Salary.
In the event the Executrovisions of Section 7.1(a), RSI Management shall (i) in accordance with Section 9.1(a), reimburse the Executive for all legal fees and related expenses incurred in any action to obtain such determination, and (ii) pay Executive an amount equal to 200% of the compensation and distributions withheld by reason of an alleged breach by the Executive of the non-compete provisions.
Thereafter, the Subordinated RSI Fee shall be payable to RSI Management, but shall not have priority over distributions to S/S.
Executive and the --------------- Company shall keep confidential, and shall not disclose publicly, or to any third party, either the existence of, or the terms and conditions of this Agreement, except as mutually agreed by, and with the prior approval of, each of S/S, the Managing Directors, and RSI Management, except for professionals (including, but not limited to, bankers and underwriters) with a need to know and except as required by law, regulation or court order.
It is acknowledged and agreed that each of (i) the fees payable to the Asset Manager under the Management Agreement; and (ii) the Service Fee payable to RSI Management are not "distributions" under this Agreement and each such payment shall be payable in accordance with the Management Agreement or Section 5.05, respectively.
Such fee (the "Managing Member Asset Management Fee") shall be paid 50% to RSI Management and 50% to S/S, and shall be considered an expense of the Company, and not a distribution for purposes of Articles VII or VIII.
The remaining portion (the "Subordinated RSI Fee") shall be paid currently until RSI Management and its Affiliates have received the distributions (inclusive of the Subordinated RSI Fee payments) specified in Section 7.01 (b), and thereafter shall accrue, but not be paid currently, until S/S has received, inclusive of any prior distributions specified in Section 7.01(a), an amount equal to its Subordinated Preference Amount.
In exercising his right to propose, oppose, or vote in favor of or against any Major Decision or any other decision, each Managing Director and each RSI Management designee to the Management Committee (i) shall be entitled to act solely in his own best interests, without regard to the interests of the Company or its Members, and (ii) shall not be subject to any fiduciary duty to the Company or any Member.