Base Annual Fee Clause Samples

The Base Annual Fee clause defines the fixed amount that a party is required to pay each year under the terms of an agreement. This fee typically applies regardless of usage or performance and is often set out in the contract's payment schedule or fee table. By establishing a clear, recurring payment obligation, the clause ensures predictable revenue for the service provider and helps both parties budget and plan for the duration of the contract.
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Base Annual Fee. During the Term, Licensee shall pay to Licensor, as a base annual fee for the Premises, the sums set forth on Exhibit B attached hereto and made a part hereof (“Base Annual Fee”), in equal monthly installments as set forth on Exhibit B. Base Annual Fee and Additional Fees (as hereinafter defined) are hereinafter sometimes collectively referred to as “Fees”. Base Annual Fee for any period during the Term hereof which is for less than one month shall be a pro rata portion of the monthly installment of Base Annual Fee. Base Annual Fee shall be payable in advance, in equal monthly installments, without offset or deduction, except as may be otherwise expressly provided in this Agreement, on or before the first day of each calendar month during the Term and shall be payable in lawful money of the United States to Licensor at the address stated herein or to such other persons or at such other places as Licensor may designate in writing. All amounts which Licensee is required to pay or discharge to Licensor pursuant to this Agreement, in addition to the Base Annual Fee, shall constitute additional fees hereunder (“Additional Fees”) and Licensee shall pay Additional Fees directly to the person entitled thereto.
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Base Annual Fee. The base annual fee is subject to a $_________ minimum annual fee.
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Base Annual Fee. If net assets of the Fund are equal to or less than $300 million, all assets will be charged 5.5 basis points. If net assets of the Fund are greater than $300 million, all assets will be charged 4.5 basis points. All fees listed above are listed at annual rates and represent aggregate fees to cover services for the Fund unless otherwise noted, and are billed monthly. The Base Annual Fee set forth above shall be computed based on the aggregate Net Asset Value of the Fund computed as of the last day of each month, prior to redemptions. The Base Annual Fee is subject to an annual minimum of $150,000 per annum. Initial Set-up Fee: $2,500 payable upon execution of the Agreement.
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Base Annual Fee. Concessionaire shall pay to City each contract year, in twelve
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Base Annual Fee. The Base Annual Fee shall be paid, each contract year, in twelve (12) equal monthly installments. Each monthly installment shall be paid on the first day of each month during the term of this Agreement.
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Base Annual Fee. The Company shall pay to the General Manager a Base Annual Fee of $240,000. During the Management Period, the General Manager's Base Annual Fee may be reviewed and changed; however, the Company shall not pay the General Manager a Base Annual Fee less than $240,000 during the Management Period. Any increase in the Base Annual Fee shall not serve to limit or reduce any other obligation to the General Manager under this Management Agreement. The Base Annual Fee shall be paid on a twice-per-month basis in accordance with the Company's annual payroll practices.
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Related to Base Annual Fee

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Annual Fee As compensation for its activities hereunder, the Asset Representations Reviewer shall be entitled to receive an annual fee (the “Annual Fee”) with respect to each Annual Period prior to the termination of the Issuer, in an amount equal to $5,000.

  • Sick Leave Annual Cash Out ‌ Each January, employees are eligible to receive cash on a one (1) hour for four (4) hours basis for ninety-six (96) hours or less of their accrued sick leave, if: A. Their sick leave balance at the end of the previous calendar year exceeds four hundred and eighty (480) hours; B. The converted sick leave hours do not reduce their previous calendar year sick leave balance below four hundred and eighty (480) hours; and C. They notify their payroll office by January 31st that they would like to convert their sick leave hours earned during the previous calendar year, minus any sick leave hours used during the previous year, to cash. All converted hours will be deducted from the employee’s sick leave balance.

  • Annual Fees The annual rental fee of a standard individual 12 x 14 plot is $40 per plot. Please note this rental fee is non-refundable and must be paid at the time of application. This fee is used to offset expenses associated with the Garden. Please make checks payable to ▇▇▇▇▇▇ Township Recreation.