Common use of (Basic Fees Clause in Contracts

(Basic Fees. Payment. United hereby agrees to pay CFS for the above services as follows: A. Professional employee services will be billed on a direct hourly rate. The direct hourly rate is based upon a comparable market rate for similar services; and B. Any directly incurred "out-of-pocket" expenses incurred by CFS for providing such services. C. Management of the investment portfolio will be billed as a component of the fee expressed as a number of basis points (BP), on a sliding scale, as it relates to the size of the investment portfolio. The first 10 million will be charged at 15 BP, the second 10 million will be charged as 12 BP, the next 20 million will be charged at 9 BP, everything over will be at 7 BP.

(Basic Fees. Payment. United Bank hereby agrees to pay CFS for the above services as follows: A. Professional employee services will be billed on a direct hourly rate. The direct hourly rate is based upon a comparable market rate for similar services; and B. Any directly incurred "out-of-pocket" expenses incurred by CFS for providing such services. C. Management of the investment portfolio will be billed as a component of the fee expressed as a number of basis points (BP), on a sliding scale, as it relates to the size of the investment portfolio. The first 10 million will be charged at 15 BP, the second 10 million will be charged as 12 BP, the next 20 million will be charged at 9 BP, everything over will be at 7 BP.