Sharing of Compensation Sample Clauses

Sharing of Compensation. A Broker shall not share compensation earned from the sale of life insurance with any person(s) who do not hold a life insurance agent’s licence or equivalent certificate. In no circumstances shall a Broker make a gift of value or monetary payment to an unlicensed person as a share of the compensation earned in the sale of life insurance. Gifts or payments which tend to vary according to the amount of compensation earned, from a referral, may expose a Broker to a charge of sharing compensation with a person who does not hold a life insurance agent’s licence or equivalent certificate. If the person receiving the gift and/or monetary payment were found to have been in a position to influence the purchase of the life insurance contract, a charge of rebating may also be applicable.
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Sharing of Compensation. [Redacted — Commercially sensitive information] [Calculation consideration].
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Sharing of Compensation. (a) In the event of the occurrence of any Act of Expropriation, any recovery or compensation received by any Barrick Group Entity, after deducting therefrom the reasonable and documented costs and expenses of the Barrick Group Entities in dealing with such event and obtaining such recovery or compensation, and following application against any obligations under any then-existing financing agreements permitted hereunder (including the Project Financing), shall be shared with the Purchaser as follows: (i) X% to the Purchaser, where X equals (i) the Purchaser Undiscounted Economic Interest on the date immediately prior to the Act of Expropriation divided by (ii) the Seller Undiscounted Economic Interest on the date immediately prior to the Act of Expropriation, and (ii) Y% to the Seller, where Y equals 100% minus X% (as calculated in accordance with Section 10.2(a)(i)). (b) For the avoidance of doubt, the Seller Undiscounted Economic Interest and the Purchaser Undiscounted Economic Interest shall be calculated using a common set of assumptions as applicable (including the same Mine Plan, which shall be the Mine Plan in effect immediately prior to the Act of Expropriation). (c) If the Parties cannot agree on the value of the Seller Undiscounted Economic Interest or the Purchaser Undiscounted Economic Interest, the matter shall be submitted to binding arbitration pursuant to Section 13.2. (d) In the case of an Act of Expropriation, the entire balance of the Advance Payment shall be forfeited by the Purchaser and retained by the Seller; provided, however, that if the Act of Expropriation subsequently ceases to exist, a portion of the Advance Payment shall be restored in proportion to the value of the Seller Undiscounted Economic Interest restored upon cessation of the Act of Expropriation, after deducting therefrom any payment received by the Purchaser in respect of such Act of Expropriation.
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Related to Sharing of Compensation

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Basis of Compensation The Owner shall compensate the Architect/Engineer for the services provided in accordance with Article 7. Payments to the Architect/Engineer shall be as follows:

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • 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.