Licensors Compensation Sample Clauses

Licensors Compensation. For using intellectual property objects encompassed by this Agreement, the Licensee shall pay 2% of the value of sales of products manufactured according to the Know-how or using it. The compensation encompasses the use of the Know-how. If the products are not sold the Agreement shall not entail financial obligations. Information about products introduced to the market in the preceding year, shall be submitted until ………., for the previous clearing period. Licence fees specified in item 1, shall be paid by the Licensee by a bank transfer to the bank account of Wrocław University of Technology: Bank Zachodni WBK ▇.▇. ▇▇▇▇▇▇ 16 Wrocław, account number: 37 ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 0006 1000 0434 – after receiving the Licensor’s invoice, within 14 days counted from the day of the delivery of information about the sales of products in a given clearing period by the Licensee, VAT shall be added to the value of the invoice at the binding rate as of the date of issuing the invoice.
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Licensors Compensation. Licensee will disburse Licensor’s rental income by the 15th of each calendar month using a Licensor’s monthly statement substantially in the form attached as Exhibit C. This income will be calculated from the previous month’s rentals. Licensee will also provide Licensor with a Form 1099 for tax purposes. Licensee will disburse seasonal rental revenue by the 15th of the month after lease start date or full payment. Any cleaning for Licensor stays (including rental set up charge), maintenance expenses, wood, and any related charges that might occur during rental period will be deducted from Licensor’s compensation. In the case of units where there is no trash dumpster at the location, the Licensor/Guests leaves trash in the unit, the Licensor will be charged a minimal fee of $15.00 for up to five bags for trash removal per rental with a $3.00 charge for each additional trash bag.
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Licensors Compensation 
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Related to Licensors Compensation

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Workmen's Compensation Employee may be entitled to compensation for time loss and disability for injuries or illnesses occurring on-the-job according to the terms of a worker's compensation insurance policy held by Government. Employee is responsible for reporting to Employee's supervisor as soon as practical any on-the-job related injury or illness.

  • Adviser’s Compensation Each Fund shall pay to the Adviser, as compensation for the Adviser’s services hereunder, a fee, determined as described in Schedule A that is attached hereto and made a part hereof. Such fee shall be computed daily and paid not less than monthly in arrears by each Fund. The method for determining net assets of a Fund for purposes hereof shall be the same as the method for determining net assets for purposes of establishing the offering and redemption prices of Fund shares as described in the Fund’s Registration Statement. In the event of termination of this Agreement, the fee provided in this Section shall be computed on the basis of the period ending on the last business day on which this Agreement is in effect subject to a pro rata adjustment based on the number of days elapsed in the current month as a percentage of the total number of days in such month.

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Managers Compensation Any or all Managers may receive such reasonable compensation for their services, whether in the form of salary or otherwise, with expenses, if any, as the Board may reasonably determine. Any such compensation and expense will be paid by the Member.