Compensation Arrangement Sample Clauses
A Compensation Arrangement clause defines how and when payments will be made between parties under a contract. It typically outlines the basis for calculating compensation, such as hourly rates, fixed fees, or performance-based payments, and may specify payment schedules, invoicing procedures, and any conditions for adjustments. This clause ensures both parties have a clear understanding of financial expectations, reducing the risk of disputes over payment terms and helping to maintain a smooth business relationship.
Compensation Arrangement other cause
(a) This clause 3.6 applies if the Extension Infrastructure Lessor exercises its right to terminate the Extension Infrastructure AgreementHead-Lease under:
(i) clause [11.1] of the Extension Infrastructure AgreementHead-Lease; or
(ii) clause [11.4] of the Extension Infrastructure AgreementHead-Lease (other than for a reason as specified in clause 3.5(a)(i)).
(b) If this clause 3.6 applies, then the Parties must negotiate in good faith to endeavour to agree the terms of an arrangement under which Aurizon will pay amounts to the Trustee to compensate the Trustee fordespite the SIL Extension Infrastructure ceasing to be Subleased Extension Infrastructure subleased by the Trustee to Aurizon under this clause 3, provided that in no circumstances will Aurizon be required to agree to an arrangement which results in:all of the terms of this Agreement (other than this clause 3) (including Aurizon’s obligation to pay Rent under clause 8 in respect of the SIL Extension Infrastructure) will continue to apply as if the SIL Extension Infrastructure continued to be Subleased Extension Infrastructure subleased by the Trustee to Aurizon under this clause 3, on the basis that in consideration of such agreement, Aurizon must pay the Trustee the sum of $1.00 but only if demanded in writing by the Trustee.
(c) If the Group (or, if Aurizon is not a member of a Consolidated Group, Aurizon) suffers or incurs any Detriment, then:
(i) Aurizon must promptly give the Trustee a notice specifying reasonable details of the Detriment and the Detriment Amount (including reasonable details of the calculation of the Detriment Amount and reasonable supporting evidence of the Detriment and the Detriment Amount) (Detriment Notice); and
(ii) within 28 days of receipt of the Detriment Notice, the Trustee must give Aurizon either:
(A) a notice specifying that it agrees with the Detriment Amount in respect of the Detriment specified in the Detriment Notice; or
(B) a Dispute Notice under clause 16.1 which Disputes the Detriment Amount specified in the Detriment Notice.
(d) If a Dispute referred to in clause 3.6(c)(ii)(B) is not resolved in accordance with clause 16.3, then the Dispute must be referred to an Expert to determine the Detriment Amount in respect of the relevant Detriment.
(e) If clause 3.6(c)(ii) applies and the Trustee does not give Aurizon a Dispute Notice referred to in clause 3.6(c)(ii)(B) within the time referred to in clause 3.6(c)(ii)(B), then:
(i) the Trustee must n...
Compensation Arrangement. The City agrees that, consistent with the LRPMP, in connection with the conveyance of the Site, the City will remit the Net Sale Proceeds to the Orange County Auditor-Controller for distribution to the Taxing Entities in accordance with each Taxing Entity’s pro rata share of the Tax Base. “Net Sale Proceeds” shall mean the gross sales price received by the City for the sale of the Site and any rental or other income received by the City not previously remitted to the Orange County Auditor-Controller from the date the Site was acquired by the City from the Successor Agency to the date the Site is disposed of by the City, less actual costs for allowable expenses incurred by the City, as shown in Exhibit B and in connection with the management and disposition of the Site from the date the Site was acquired by the City from the Successor Agency to the date the Site is disposed of by the City. Allowable expenses may include legal fees, brokers’ fees, closing costs and title report costs, but shall not include any holdback amounts, reimbursements to be paid by the City to the Site developer to handle, manage, remove or dispose of any underground storage tanks, or any compensation for City staff performing functions associated with the management, maintenance and disposition of the Site. The City shall not be allowed to charge City staff time as an allowable expense pursuant to Health and Safety Code Section 34171(b)(5).
Compensation Arrangement. TMC must deduct its TOT Commission amount at the time-of-ticketing. If for any reason said TOT Commission is not taken at time-of-ticketing, then said TOT Commission may, under no circumstances, be claimed at a later time. Retroactive TOT Commission claims shall not be honored or enforceable. All TOT Commissions may only be calculated against the applicable fare prior to any taxes, applicable fees, surcharges and other service charges. TOT Commission may not be taken in conjunction with any other discounts including, but not limited to: corporate discount fares, travel discount certificates, negotiated group rates, two-for-one offers, and the like. Unless specifically permitted in writing by ANA, no additional commission will be paid based upon any TOT Commission claimed and TOT Commissions shall not be combinable with any other incentives or promotions that require ticket designators or tour codes. Tickets will be limited to confirmed flights. Open tickets are not permitted. Tickets may only be issued point of sale U.S.A., must be issued electronically and the validating carrier must be ANA.
Compensation Arrangement. The City agrees that, consistent with the LRPMP, in connection with the subsequent conveyance of any of the Parcels, the City will remit the Net Unrestricted Proceeds to the Ventura County Auditor-Controller for distribution to the Taxing Entities in accordance with each Taxing Entity’s pro rata share of the Tax Base. “Net Unrestricted Proceeds” shall mean the proceeds of sale received by the City for the sale of any Parcel, less: (i) costs incurred by City for expenses incurred in connection with the management and disposition of the Parcel, including without limitation, costs incurred for property management, maintenance, insurance, marketing, appraisals, brokers’ fees, escrow, closing costs, survey, title insurance, attorneys’ and consultants’ fees, and other reasonable costs incurred, including reasonable compensation for City staff performing functions associated with the management, maintenance and disposition of the Parcel, and (ii) any proceeds of sale that are restricted by virtue of the source of funds (e.g. grant funds or the proceeds of bonds) that were used for the original acquisition of the Parcel. Upon request, the City shall deliver to the Taxing Entities an accounting of all such costs, expenses and restricted proceeds.
Compensation Arrangement. The City agrees that, consistent with the LRPMP, in connection with the subsequent conveyance of any of the Sites, the City will remit the Net Unrestricted Proceeds to the Los Angeles County Auditor-Controller for distribution to the Taxing Entities in accordance with each Taxing Entity’s pro rata share of the Tax Base. “Net Unrestricted Proceeds” shall mean the proceeds of sale received by the City for the sale of any Site and any rental or other income received by the City not previously remitted to the Los Angeles County Auditor-Controller, less: (i) costs incurred by City for expenses incurred in connection with the management and disposition of the Site, including without limitation, costs incurred for property management, maintenance, insurance, marketing, appraisals, brokers’ fees, escrow, closing costs, survey, title insurance, attorneys’ and consultants’ fees, and other reasonable costs incurred, including reasonable compensation for City staff performing functions associated with the management, maintenance and disposition of the Site, and any relocation costs under State or Federal relocation laws and applicable requirements, and (ii) any proceeds of sale that are restricted by virtue of the source of funds (e.g. grant funds or the proceeds of bonds) that were used for the original acquisition of the Site. Upon request, the City shall deliver to the Taxing Entities an accounting of all such costs, expenses and restricted proceeds.
Compensation Arrangement. ▇▇▇▇ is expected to enter into a Compensation Agreement with each of the Placees, pursuant to which ▇▇. ▇▇▇▇ will agree to compensate the Placee in cash if on the Reference Date, the closing market value per Share falls below the Compensation Price (on the terms and subject to the conditions as set out in the Compensation Agreement). If the Placee sells any of the Placing Shares at lower prices than the Compensation Price either on- market through the Hong Kong Securities Clearing Company Limited or off-market through a block trade to Independent Third Parties during the six months before the Reference Date, the Placee may request ▇▇. ▇▇▇▇ to compensate the Placee for each Placing Share the difference between the value of the Placing Shares at the Compensation Price and the weighted average gross price at which the Placee sold any of the Placing Shares in the manner as set out in the Compensation Agreement. On the Reference Date, if the Placee still owns any of the Placing Shares and the volume weighted average price (VWAP) of the last five trading days quoted on the Stock Exchange before the Reference Date (including the Reference Date, if it is a trading day) is lower than the Compensation Price, the amount of compensation per Placing Share will be the difference between the value of the Placing Shares at the Compensation Price and the value of the Placing Shares at the five-day VWAP quoted on the Stock Exchange.
Compensation Arrangement. 3 1.11. Contracts.......................................................................................3 1.12.
Compensation Arrangement. The Club is responsible for com- pensating the Players’ Medical Staff, in amounts to be determined by the Medical Committee. All members of the Players’ Medical Staff shall enter into written contracts detailing the terms of the arrangement between the Players’ Medical Staff member and the Club. The contract between the Players’ Medical Staff member and the Club must be approved by the Medical Committee prior to execution and shall explicitly reference this Article as controlling and superseding any provision of the contract in the event of a conflict. The Club has no authority to select, control, or terminate any member of the Players’ Medical Staff. It is the intention of the NFL and NFLPA that each member of the Players’ Medical Staff be considered and treated as an independent contractor under all applicable laws and regulations.
Compensation Arrangement. Aurizon cause
(a) This clause 3.5 applies if the Extension Infrastructure Lessor exercises its right to terminate the Extension Infrastructure AgreementHead-Lease under:
(i) clause [11.4] of the Extension Infrastructure AgreementHead-Lease due to the occurrence of any event or circumstance specified in clause [11.4] of the Extension Infrastructure AgreementHead-Lease which was caused by an act or omission of Aurizon; or
(ii) clause [11.5] of the Extension Infrastructure AgreementHead-Lease due to the Trustee exercising its right of termination under clause 13.1 or 13.2 of this Agreement.
(b) If this clause 3.5 applies:
(i) despite the SIL Extension Infrastructure ceasing to be Subleased Extension Infrastructure subleased to Aurizon under this clause 3, all of the terms of this Agreement (other than this clause 3) will continue to apply as if the SIL Extension Infrastructure was Subleased Extension Infrastructure subleased by the Trustee to Aurizon under this clause 3; and
(ii) the Parties acknowledge and agree that the amount of the Rent payable each Month to the Trustee by operation of clause 3.5(b)(i) will not be rent payable for the sublease of the SIL Extension Infrastructure but, rather, will be a compensation amount payable by Aurizon to the Trustee as a consequence of the early termination of the Extension Infrastructure AgreementHead-Lease due to Aurizon’s cause.
Compensation Arrangement. “Compensation Arrangement” is defined in Section 6.5 of the Agreement.