Compensation for Management Services Sample Clauses
The "Compensation for Management Services" clause defines how and when a manager or management company will be paid for providing management services under an agreement. Typically, this clause outlines the fee structure, such as fixed monthly payments, percentage-based compensation, or performance incentives, and may specify payment schedules and any reimbursable expenses. Its core function is to ensure both parties have a clear understanding of the financial terms for management services, thereby preventing disputes over payment and aligning expectations regarding compensation.
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Compensation for Management Services. Owner shall pay Independent Contractor as compensation for management services (“Management Fee”) the greater of (a) an amount equal to percent ( %) of the “Gross Rental Receipts” collected monthly, or (b) a fee of $ per month (the “Basic Fee”), as outlined in Exhibit One attached hereto and made a part of this Agreement. Either form of compensation shall be paid in the same month income is collected and/or during the accounting period described in Section 5.2. In addition to the Management Fee or Basic Fee above, and in lieu of any other payments to Independent Contractor for its cost of doing business such as (i) all general, administrative and overhead expenses; (ii) wages, salaries and compensation of on-site and off-site personnel (not including maintenance technician or engineer hourly labor charges billed separately), and supervisory management employed by Independent Contractor; (iii) accounting, cell phones and other related mobile communication devices, telephone, fax, internet, computers and other related devices, office supplies, copy charges, express and regular mail, mileage, uniforms, entertainment, software and software licensing or fees, and (iv) all other costs of Independent Contractor directly allocable to performing its duties under this Agreement and related exclusively to the Project, Owner shall pay to Independent Contractor a fixed monthly amount of $ , as outlined in Exhibit One attached hereto and made a part of this Agreement (“Administrative Fee”). The Administrative Fee shall be paid as a flat monthly fee. Any shortfall with respect to the Administrative Fee is the responsibility of Independent Contractor. Accordingly, Independent Contractor shall not be entitled to compensation or reimbursements of any kind except the Management Fee or Basic Fee, Administrative Fee, and Construction Management Fee as described below.
Compensation for Management Services. For management services rendered hereunder, Manager shall receive:
4.2.1 A management fee of One Hundred Thousand and No/100 Dollars ($100,000.00), payable upon the execution of this Agreement. Provided, however, if this Agreement is extended pursuant to Section 6.1 hereof, the terms and provisions of said Section shall prevail for any extension agreed upon by the parties.
4.2.2 Manager shall receive the office furniture and supplies listed on Exhibit B, which is attached hereto and incorporated herein by reference.
Compensation for Management Services. The Owner acknowledges and agrees to pay the following costs: (a) one-time $200 initial set up fee for the first unit and $100 per additional unit; (b) a fee of 8% of monthly gross rents the Manager collects, without reduction for any Owner concessions, which is due and owing when rent is due for all full and prorated months for the Management Services; (c) a leasing fee of 50% of one full month’s rent due upon Lease execution; (d) periodic property review, market rent assessment, and Lease renewal for a fee of 12.5% of one month's rent; (e) $25 administrative fee for preparation of annual year end statements. If any Federal, State or Local Government laws, rules, regulations, ordinances, orders, declarations, or otherwise temporarily suspend, cease, or ▇▇▇▇▇ a tenant’s rent payment the management fee shall remain due and owing. If someone besides Manager (E.g. prior property manager, owner) placed the tenant and tenant does not pay rent on time the management fee shall remain due and owing.
Compensation for Management Services. The Advisor will not collect a management fee separate from any Management Fee described in the LLC Agreement. The Fund shall pay the Advisor Carried Interest pursuant to Article VI.1 of the LLC Agreement.
Compensation for Management Services. As compensation for its continuous acceptable management services as defined in the license Agreement, PCS shall pay CCI the following:
a. Fees described in Exhibit "A".
b. For PCS's authorized costs directly incurred by CCI on behalf of PCS or the Systems excluding capital expenditures and costs associated with CO's responsibilities, the slim of all authorized costs incurred, payable within ten (10) days of CO's presentation of invoice to Investor.
c. As farther consideration for its services hereunder, PCS grants to CCI, subject to CCI's continuous, acceptable performance hereunder, a right of first refusal to purchase all of PCS's offered interest in the System or License or all of the offered direct or indirect ownership of PCS. CCI shall have the exclusive right to match any bona fide written offer to PCS from an unaffiliated third party to purchase the System or License or PCS (all as set forth herein), which is received prior to actual licensing or within five (5) years thereafter. Investor shall provide CCI with written notice of such offer within ten (10) days of receipt thereof, together with a copy of the offer and CCI's acceptance thereof Or agreement. At CCI's sole discretion, CCI may exercise his right of first refusal to purchase the offering within fifteen (15) days of receipt of written notice of such offer. Failure to provide CCI of written offer within such period shall release PCS from CCI's right of first refusal and allow Investor to proceed and accept the previous offer.
Compensation for Management Services. (a) In consideration of the provision by the Manager to APT, APT Parent and APT Holding of the services set out herein, APT Parent shall be obligated to pay to the Manager the fees set out in Exhibit II hereto (collectively, “Management Fees”) on such terms and at such times as set out therein. For the avoidance of doubt, no Management Fee shall be payable for any period following a Termination Event.
(b) In addition to the payment of the Management Fees payable in accordance with Clause 4(a), above, APT Parent shall be obligated to advance funds to the Manager on a monthly basis in advance at the beginning of each month for Reimbursable Expenses which are known and budgeted based on a budget submitted by the Manager and updated from time to time to include Reimbursable Expenses which are able to be estimated, provided, that the Manager shall document in writing all reconciliations between actual and budgeted Reimbursable Expenses on a monthly basis, and shall provide APT Parent with a copy thereof together with reasonable documentation therefore, and provided further that with respect to Reimbursable Expenses that are not budgeted and for which no advance funds are available, the Manager shall provide APT Parent with a written request for amounts it is seeking to have repaid or reimbursed under this Clause 4(b) and such request shall include reasonable documentation of the amounts so advanced, incurred, or reimbursed and provided further that the Manager shall make such requests no more frequently than once in any calendar month. Any amounts to be reimbursed under this Clause 4(b) shall be payable promptly, but in any event within ten (10) Business Days of request by the Manager. The Manager shall provide accounting for all funds reimbursed, whether through advances or requests for reimbursement, hereunder on a monthly basis in arrears.
(c) The Manager shall at all times maintain and keep true and correct records of all costs and expenditures incurred hereunder as well as all other data necessary or proper for the settlement of accounts between the parties hereto in accordance with this Agreement, which records shall be open for inspection by authorized representatives of APT, APT Parent and APT Holding during normal business hours and upon reasonable prior notice. Payment by APT Parent of any statements, invoices or requests for cash submitted hereunder shall not prejudice the right of APT Parent to later protest or question the correctness thereof withi...
Compensation for Management Services. As compensation for entering into the Agreement to provide such services, the Company shall pay to ProtoLogic the sum of Ninety Thousand Dollars ($90,000). ProtoLogic hereby agrees to the amortization of this amount as twelve (12) equal payments of Seven Thousand Five Hundred Dollars ($7,500.00) payable in advance each month commencing April 1st, 2005.
Compensation for Management Services. Exhibit A and Exhibit B hereto set forth respectively the hourly rate of each JBPCo and Morgan employee designated to provide certain Management Services t▇ ▇▇▇ Company. The hourly rates set forth on Exhibit A and Exhibit B are based on the current salary, benefit and overhead costs of the employees and they may be amended, from time to time, by JBPCo or Morgan, as applicable, in order to reflect changes in the salary, b▇▇▇▇▇▇s or other costs of such employees' time and services. Any such amendments will become binding on the Parties five (5) business days' following delivery of notice of such amendments to the Company by JBPCo or Morgan, as applicable. As compensation for the provision of such se▇▇▇▇▇▇, the Company shall pay, on a monthly basis, to JBPCo or Morgan, as applicable, an amount equal to the sum of each such hour▇▇ ▇▇▇e multiplied by the number of hours devoted to the performance of the Management Services by each such employee. The payments made to JBPCo are referred to herein as the "JBPCO FEE", and the payments made to Morgan are referred to herein as the "MORGAN FEE", and together wit▇ ▇▇▇ JBPCo Fee, the "MANAGEMENT SERVI▇▇▇ ▇▇ES", and each of the Morgan Fee and the JBPCo Fee, a "MANAGEMENT SERVICES FEE". Promptly following the last day of each month during the term of this Agreement, each of JBPCo and Morgan will deliver to the Company a detailed invoice setting forth ▇▇▇ ▇espective Management Services Fee payable with respect to the month then ended. The Company shall pay to each of JBPCo and Morgan their respective Management Services Fee within ten (10) bus▇▇▇▇▇ days after receipt of such invoice. The Company shall have the right to audit the calculation of any invoiced Management Services Fee upon notice to JBPCo or Morgan, as applicable.
Compensation for Management Services. Seller shall pay Purchaser for the Management Services during the Transition Period as follows:
1.3.1 Subject to the other provisions of this Section 1.3.1, the total amount payable by Seller to Purchaser with respect to each payroll period during the Transition Period shall be equal to the amount paid for direct and indirect compensation (wages, salaries and benefits) by Purchaser for its employees (including temporary employees) performing Management Services, plus ten percent (10%) of such amount paid. For the purpose of this Section Purchaser's benefits shall be deemed to be eighteen percent (18%) of base pay for indirect employees and twenty-two percent (22%) of base pay for direct employees. In the case of sub-contracted staffing the amount payable by Seller shall be equal to the lesser of (i) the amount paid by Purchaser to the subcontractor for such staffing or (ii) the amount paid by Seller prior to the date hereof for comparable staffing, in each case plus ten percent (10%).
Compensation for Management Services. As its sole compensation for performing the Management Services and as its sole source of monies to satisfy duties undertaken on Franchisee’s behalf specified in Article II hereof, Manager shall be entitled to retain all revenues derived from the Managed Assets and the net cash flow from the management and operation of the Managed Assets or otherwise derived from or relating to the Managed Assets during the term hereof.