Common use of Fees Payable to the Manager Clause in Contracts

Fees Payable to the Manager. The P.C. agrees to pay the Manager for the provision of the Covered Services and the License and all other services provided hereunder as follows: b. Monthly reimbursement of all of the Manager's direct costs (i.e. payroll, supplies, travel, etc.) allocated to the P.C., in the Manager's discretion; c. Monthly reimbursement of all of the Manager's direct costs of acquiring and/or leasing and maintaining the Leased Assets provided to the Practice; d. Monthly reimbursement of all of the Manager's direct costs incurred in the provision of purchasing services and maintaining furniture, fixtures and equipment provided to the Practice; e. Monthly reimbursement of all of the Manager's direct costs incurred in the provision of the Marketing Services, with a ten percent (10%) markup for overhead and administration and a fifteen percent (15%) markup for profit on such costs; and f. A per clinic location administrative fee (the "Administration Fee") of $_______ per year payable in equal monthly installments of $______ per month on the first day of each month of this Agreement and subject to renegotiation by either party hereto on each anniversary of this Agreement. The Administration Fee is intended to compensate the Manager for its unallocated overhead and a reasonable profit.

Appears in 1 contract

Sources: Administrative Services Agreement (Valley Forge Dental Associates Inc)

Fees Payable to the Manager. The P.C. P.A. agrees to pay the Manager for the provision of the Covered Services and the License and all other services provided hereunder as follows: a. A monthly license fee for the License in the amount of $* per clinic location; b. Monthly reimbursement of all of the Manager's direct costs (i.e. payroll, supplies, travel, etc.) allocated to the P.C.P.A., in the Manager's discretion; c. Monthly reimbursement of all of the Manager's direct costs of acquiring and/or leasing and maintaining the Leased Assets facilities or clinic space provided to the Practice; d. Monthly reimbursement of all of the Manager's direct costs incurred in the provision of purchasing services acquiring and/or leasing and maintaining furniture, fixtures and equipment provided to the Practice; e. Monthly reimbursement of all of the Manager's direct costs incurred in the provision of the Marketing Services, with a ten percent (10%) markup for overhead and administration and a fifteen percent (15%) markup for profit on such costs; and f. A per clinic location administrative fee (the "Administration Fee") of $_______ * per year payable in equal monthly installments of $______ * per month on the first day of each month of this Agreement and subject to renegotiation by either party hereto on each anniversary quarterly during the term of this Agreement. The Administration Fee is intended to compensate the Manager for its unallocated overhead and a reasonable profit.

Appears in 1 contract

Sources: Administrative Services Agreement (Valley Forge Dental Associates Inc)