Compensation, Expenses and Indemnity Sample Clauses
The 'Compensation, Expenses and Indemnity' clause outlines the financial obligations between parties regarding payment for services, reimbursement of costs, and protection against certain liabilities. Typically, it specifies how and when compensation will be paid, which expenses are reimbursable, and under what circumstances one party must indemnify the other for losses or claims arising from the agreement. This clause ensures that each party understands their financial responsibilities and provides a mechanism for addressing costs and potential risks, thereby reducing disputes over payments and liability.
Compensation, Expenses and Indemnity. The Administrator shall serve without compensation for services rendered hereunder. The Administrator is authorized at the expense of the Employer to employ such legal counsel and/or recordkeeper as it may deem advisable to assist in the performance of its duties hereunder. Expense and fees in connection with the administration of this Agreement shall be paid by the Employer.
Compensation, Expenses and Indemnity. The Administrator shall serve without compensation for services rendered hereunder. The Administrator is authorized at the expense of the Plan Sponsor to employ such legal counsel and/or Plan record keeper as it may deem advisable to assist in the performance of its duties hereunder. Expense and fees in connection with the administration of this Plan shall be paid by the Plan Sponsor.
Compensation, Expenses and Indemnity. The Committee shall serve without compensation for services rendered hereunder. The Committee is authorized at the expense of the Corporation to employ such legal counsel and/or Plan record keeper as it may deem advisable to assist in the performance of its duties hereunder. Expense and fees in connection with the administration of this Plan shall be paid by the Corporation.
Compensation, Expenses and Indemnity. (a) The members of the Committee shall serve without compensation for their services hereunder.
(b) The Committee is authorized, at the expense of the Company, to employ such legal counsel as it may deem advisable to assist in the performance of its duties hereunder. Expenses and fees in connection with the administration shall be paid by the Company.
(c) To the extent permitted by applicable state law, the Company shall indemnify and hold harmless the Committee and each member thereof, the Board of Directors and any delegate of the Committee who is an employee of the Company against any and all expenses, liabilities and claims, including legal fees to defend against such liabilities and claims arising out of their discharge in good faith of responsibilities under or incident to the Agreement, other than expenses and liabilities arising out of willful misconduct. This indemnity shall not preclude such further indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement or otherwise, as such indemnities are permitted under state law.
Compensation, Expenses and Indemnity. 3.1. Pretium shall pay to SSRI, for the services to be provided by SSRI to Pretium pursuant to Section 2, an amount equal to the time spent by each SSRI employee performing such services multiplied by such employee’s hourly charge-out rate as set out in Schedule A, as amended from time to time in accordance with Section 3.3.
3.2. SSRI shall cause its personnel to maintain appropriate records of time spent performing services hereunder on behalf of Pretium and will make such records available to Pretium upon request.
3.3. SSRI shall review the hourly charge-out rates set out in Schedule A from time to time and, when it deems appropriate, in its sole discretion, recalculate the hourly charge-out rates for its personnel performing services for Pretium. SSRI may also, in its sole discretion, change the personnel providing services to Pretium hereunder. On the delivery by SSRI at any time of recalculated charge-out rates to Pretium, or the occurrence of changes to the personnel providing such services, Schedule A shall be deemed to be amended to incorporate such recalculated charge-out rates and changes to the personnel providing such services along with their charge-out rates. The charge-out rates in Schedule A include direct labour and employee benefits costs and amounts for overhead costs such as office equipment usage, office rent, computer expenses, office expenses and supplies, photocopier, postage, telephone and fax and include a 10% ▇▇▇▇-up on all such costs and amounts. Schedule A, as amended from time to time, is incorporated by reference in this Agreement.
3.4. Pretium shall reimburse SSRI for all of its reasonable third party out-of-pocket expenses actually incurred on behalf of Pretium, including, without limitation, filing fees, travel, food and lodging costs, long distance telephone calls, facsimile charges, delivery and courier charges, bulk postage and copying and printing charges, in each case with a 10% ▇▇▇▇-up thereon.
3.5. SSRI shall invoice Pretium on a monthly basis for all amounts payable by Pretium to SSRI hereunder and Pretium shall pay the amount of each such invoice within 30 days after its receipt thereof.
3.6. Pretium shall be responsible for the payment of any harmonized sales tax, goods and services tax, provincial sales tax or other taxes exigible on any of the amounts payable by it pursuant to this Agreement, the payment of which taxes shall be in addition to the amounts payable by SSRI set forth elsewhere in this Agreement.
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Compensation, Expenses and Indemnity. The Administrator is authorized at the expense of the Employer to employ such legal counsel and recordkeeper as it may deem advisable to assist in the performance of its duties hereunder. Expense and fees in connection with the administration of this Agreement shall be paid by the Employer.
Compensation, Expenses and Indemnity