Compensation to Manager Clause Samples

Compensation to Manager. The Manager may receive reasonable compensation at its discretion. The Manager shall be reimbursed for all reasonable costs and expenses incurred by it on behalf of the Company in accordance with the Company’s customary reimbursement policies.

Compensation to Manager. For the services to be rendered and the charges and expenses to be assumed and paid by the Manager hereunder, the Fund shall pay to the Manager a quarterly fee of one-eighth (1/8) of one percent (1%) of the average net asset value of the Fund as determined as of the close of each month of the quarterly period.

Compensation to Manager. The Manager's compensation for the Consulting Services shall be as set forth in Exhibit B attached hereto and incorporated herein by this reference.

Compensation to Manager. In consideration of the services to be performed by Manager pursuant to the terms of this Contract, the Client will pay to Manager compensation in accordance with the attached Schedule A, Part II based upon the value of the funds, securities and other assets subject to this Contract, as of the calendar quarter end, which compensation will be charged quarterly in arrears directly to the Client. Securities and other assets will, for purpose of determining compensation to Manager, be valued at market value or, in absence of market value, at fair value as determined in good faith by Manager.

Compensation to Manager. In consideration of the Manager’s performance of the Services, the Manager shall receive 100% of the economic benefit (the “Management Fee”) of the Company.

Compensation to Manager. In the event that Manager agrees to perform all supervisory services necessary to carry out ROI Capital Improvements (e.g., replacement of roof, driveways, elevators, HVAC, or that require other structural changes or alterations to the Resort, etc.), Manager shall be paid a market supervisory fee in connection therewith in an amount to be mutually agreed upon between Tenant and Manager, and Manager shall have the authority to complete such ROI Capital Improvements. In the event Manager elects to have a third party perform or supervise such ROI Improvements, such third party shall be selected by Manager.

Compensation to Manager. In consideration of Manager’s performance of the services required under this Agreement, Manager shall be compensated as follows:

Compensation to Manager. As compensation for Manager's services hereunder, Manager is entitled to retain for its own account during each calendar year during the term of this Agreement an amount equal to the lesser of (a) fifteen percent (15%) of the Gross Revenues (as defined hereinbelow) for the year or (b) the amount by which the Gross Revenues for the year exceed the total of all accrued expenses of any kind whatsoever ("Expenses") incurred by the Resorts during the year (exclusive of any fees paid or payable to the Silverleaf Club by the Resorts) and incurred by the Silverleaf Club during the year in performing its duties and obligations under the Silverleaf Club Agreement. As used herein, the term "Expenses" shall include the total amount of all funds collected from members at the Clubs and set aside in a special account by Silverleaf Club to be used solely for the refurbishment and replacement of buildings and amenities at the Resorts. As used herein, the term Gross Revenues shall mean the amount of all dues, assessments, late charges and any other amounts accrued by Manager from the members of the Clubs pursuant to paragraph 4(a) hereinabove, plus the amount of income generated by the Resorts and accrued by Manager pursuant to paragraph 4(b) hereinabove. Such accruals shall be determined by Manager in its reasonable discretion using its normal accounting practices. The amount payable hereunder to Manager shall be paid in approximately equal monthly installments throughout the year based on the annual budget of the Silverleaf Club, as adjusted from time to time throughout the year, with final adjustments being made as of December 31 of the year to determine the exact amount due and payable to Manager for the year under the preceding provisions. After such final adjustments are made, any balance due Manager shall be promptly paid, and any overpayment shall be promptly repaid by Manager.

Compensation to Manager. As compensation for Manager's services hereunder, Manager is entitled to retain for its own account at the end of each calendar month during the term of this Agreement an amount equal to the lesser of (a) fifteen percent (15%) of the Gross Revenues (as defined hereinbelow) for the preceding month or (b) the amount by which the Gross Revenues for the preceding month exceed the total of all accrued expenses of any kind whatsoever ("Expenses") incurred by the Master Club during the preceding month in performing its duties and obligations under the Master Club Agreement; provided, however, that, if in any month the compensation paid to Manager pursuant to this Agreement does not equal fifteen percent (15%) of the Gross Revenues for the preceding month then an amount equal to the difference between (x) 15% of the Gross Revenues for such month and (y) the amount of compensation actually paid to Manager in such month (the "Shortfall") shall be owed Manager and, in any subsequent month in which the Gross Revenues for such month are more than sufficient to pay all Expenses as well as compensation to Manager in the amount of 15% of the Gross Revenues for such month, then Manager shall be entitled to retain for its own account so much of the excess Gross Revenues as is necessary to satisfy the Shortfall. As used herein, the term Gross Revenues shall mean the amount of all dues, assessments, late charges and any other amounts accrued by Manager from the members of the Club pursuant to paragraph 4(a) hereinabove, plus, (ii) the amount of income generated by the Resorts and accrued by Manager pursuant to paragraph 4(b)