Compensation of Manager definition

Compensation of Manager. As a monthly management fee hereunder, an amount no greater than four percent (4%) of Gross Income for the month for which the payment is made, which shall be deducted monthly by MANAGER and retained by MANAGER from Gross Income prior to payment to OWNER of Net Proceeds. Such Management Fee shall be compensation for those services specified herein. OWNER agrees to pay MANAGER a onetime setup fee of $2,000.00. Any services beyond those specified herein, such as sales brokerage, construction management, loan origination and servicing, property tax reduction and risk management services, shall be performed by MANAGER and compensated by OWNER only if the parties agree on the scope of such work and provided that the compensation to be paid therefor will not exceed 90% of that which would be paid to unrelated parties providing such services and provided further that all such compensation must be approved by a majority of the independent directors of OWNER.
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Examples of Compensation of Manager in a sentence

  • Table of Contents Compensation of Manager and Executive OfficersInformation about the annual compensation we have paid to our Manager and executive officers since our formation on December 7, 2020, is set forth in the following table:Theodore Dinges Manager and President Gary Dinges Vice President and Principal Accounting Officer Management FeesThe Company does not have any employees or directors at this time.

  • Compensation of Manager and Affiliates Not Linked to Profitability.

  • Compensation of Manager and Affiliates Not Linked to Profitability ------------------------------------------------------------------ Pursuant to the LLC Agreement, the Manager will receive certain fees and reimbursement of expenses.

  • In this light, we note that the Compensation of Manager section states that "[t]o date, the Manager has not received any compensation or reimbursement of expenses since inception." Please advise.

  • Compensation of Manager and Affiliates Not Linked to Profitability Pursuant to the LLC Agreement, the Manager will receive certain fees and reimbursement of expenses.

  • Please revise the Compensation of Manager section to contemplate any compensation to be paid to the series manager via the true-up fee and any compensation previously paid via the sourcing-fee and/or interests issued to the series manager.

  • Table of Contents Compensation of Manager and Executive OfficersInformation about the annual compensation we have paid to our Manager and executive officers since our formation on December 7, 2020, is set forth in the following table:Theodore Dinges Manager and President Gary Dinges Vice President and Principal Accounting Officer Management FeesThe Company does not have any employees or directors.

  • Purchaser shall be responsible for and shall pay (i) all Compensation with respect to the operations of the Property on and after the date of Closing, (ii) all Compensation of Manager which is accrued but not payable as of the Closing and for which Purchaser is credited at Closing, and (iii) all Compensation which would be owing by virtue of Purchaser’s breach of its obligations under Section 13.3 hereof.

Related to Compensation of Manager

  • Nomination and Remuneration Committee means a Committee of Board of Directors of the Company, constituted in accordance with the provisions of Section 178 of the Companies Act, 2013 and the Listing Agreement.

  • Termination of Services means Participant’s Termination of Consultancy, Termination of Directorship or Termination of Employment, as applicable.

  • Medical Executive Committee or “MEC” means the Executive Committee of the Medical Staff.

  • Gross compensation means every form of remuneration payable for a given period to an individual for services provided including salaries, commissions, vacation pay, severance pay, bonuses, and any board, rent, housing, lodging, payments in kind, and any similar benefit received from the individual's employer.

  • Compensation Event means any of the following events or circumstances if and to the extent that it interferes adversely with, or causes a failure of, the carrying out of the Design, the Construction or the Services, causes an Unavailability Event or causes Direct Losses to Project Co or any Project Co Person:

  • 414(s) Compensation means any definition of compensation that satisfies the nondiscrimination requirements of Code Section 414(s) and the Regulations thereunder. The period for determining 414(s) Compensation must be either the Plan Year or the calendar year ending with or within the Plan Year. An Employer may further limit the period taken into account to that part of the Plan Year or calendar year in which an Employee was a Participant in the component of the Plan being tested. The period used to determine 414(s) Compensation must be applied uniformly to all Participants for the Plan Year.

  • Termination Compensation means a monthly cash amount equal to one-twelfth ( 1/12th) of the highest amount of the annual cash compensation (including cash bonuses and other cash-based compensation, including for these purposes amounts earned or payable whether or not deferred) received by Executive during any one of the three (3) calendar years immediately preceding the calendar year in which Executive’s Termination Date occurs; provided, that if the cash compensation received by Executive during the Termination Year exceeds the highest amount of the annual cash compensation received by Executive during any one of the immediately preceding three (3) consecutive calendar years, the cash compensation received by Executive during the Termination Year shall be deemed to be Executive’s highest amount of annual cash compensation. In no event shall Executive’s Termination Compensation include equity-based compensation (e.g., income realized as a result of Executive’s exercise of non-qualified stock options or other stock based benefits).

  • Deferred member means a person who elected to receive deferred vested retirement

  • Non-Management Director means any Person selected in accordance with Article IV of this Agreement who is not a Management Director.

  • Management Director means a Person selected in accordance with Article IV of this Agreement who shall have the powers and duties to manage the business and affairs of the Company and exercise its powers to the extent set forth in this Agreement, the Certificate and the Act. Each Management Director shall be a “manager” of the Company within the meaning of the Act.

  • Executive Committee means a group of directors elected or appointed to act on behalf of, and within the powers granted to them by, the Commission.

  • Directors Fees means the annual fees paid by any Employer, including retainer fees and meetings fees, as compensation for serving on the board of directors.

  • Section 415 Compensation means:

  • Executive Directors means a person appointed as director directly accountable to the municipal manager.

  • Special compensation means payment to an adult foster care facility to ensure the provision of a specialized program in addition to the basic payment for adult foster care. Special compensation does not include payment received directly from the Medicaid program for personal care services for a resident, or payment received under the supplemental security income program.

  • Basic Compensation means Salary and Benefits.

  • System for Award Management (SAM means the primary Government repository for prospective Federal awardee and Federal awardee information and the centralized Government system for certain contracting, grants, and other assistance-related processes. It includes—

  • Compensation Period has the meaning specified in Section 2.12(c)(ii).

  • Master Servicing Compensation The meaning specified in Section 3.14.

  • Compensation Fund means the fund maintained by the Society pur- suant to Sections 21 and 22 (as substituted, respectively, by Sections 29 and 30 of the Act of 1994) of the Act of 1960;

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Registered in the System for Award Management (SAM means that–