Fixed Annual Clause Samples

Fixed Annual. Compensation payable to Employee by the Company hereunder shall be paid beginning January 11th of each year during the Term and at such times and in such amounts as the Company may designate in accordance with the Company’s usual salary practices, but in no event less than twice monthly.
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Fixed Annual. Rent during the Renewal Term shall be based upon the Fair Market Rent for the Premises, determined as follows. For purposes of determining the fair market rent payable per annum for each Renewal Term (“Fair Market Rent”), the following procedure shall apply: (1) the Fair Market Rent shall be determined on the basis of the annual rent that an unrelated third party (a “Third Party Tenant”) would be willing to pay for the Premises for a term commencing on the first day of such Renewal Term and expiring five (5) years thereafter, assuming that (i) the Premises are free and clear of all leases and tenancies (including this Lease), that (ii) the Premises are available in the then rental market for comparable office buildings in Manhattan, (iii) Landlord has had a reasonable time to locate a Third Party Tenant who rents with the knowledge of the ▇▇▇▇.▇▇ which the Premises can be adopted, (iv) neither Landlord nor such Third Party Tenant is under any compulsion to rent; (v) Landlord shall not be obligated to perform any work in the Premises to prepare the same for such Third Party Tenant’s occupancy; (vi) such Third Party Tenant shall not be entitled to any work contribution, cash allowance, moving allowance, free rent period, or any other tenant inducement, notwithstanding the fact that one or more of such tenant inducements may commonly be available to prospective tenants at such time, (vii) such Third Party Tenant shall not have any renewal or expansion rights, (viii) such Third Party Tenant shall accept the Premises in their then “as is” condition with the existing leasehold improvements and layout to be inherited by such Third Party Tenant, (ix) the fact that Landlord would be required to pay one full brokerage commission to an outside broker and.one-half brokerage commission to its managing agent in connection with such leasing to a Third Party Tenant and (x) that Additional Rent for all escalations under the Lease shall continue to be paid by Tenant during such Renewal Term. (2) Landlord, no less than ninety (90) days prior to the date set for the commencement of the Renewal Term shall deliver to Tenant a notice setting forth Landlord’s determination of the fair market rent for the Premises (“Landlord’s Determination”). If Landlord shall refuse to give such notice as aforesaid, Landlord’s Determination shall be deemed to be equal to the Fixed Annual Rent payable by Tenant as of the expiration of the term of this Lease immediately prior thereto. Tenant, with...
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Related to Fixed Annual

  • Fixed Annuity An Annuity with payments which do not vary in amount.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • FIXED AMOUNTS The fixed amounts contained in Section I of this agreement are based on an estimate of the costs that will be incurred during the period to which the amounts apply. When the actual costs for this period are determined, any differences between the fixed costs used as an estimate and the actual costs will be considered in a subsequent agreement.