Common use of Term Compensation Clause in Contracts

Term Compensation. The term of this Agreement shall be four (4) years. McCoskrie shall receive as compensation for this Agreement cash in the amount of 0.32 times the twelve month trailing EBITDA (EBITDA, is comprised of revenues less all operating expenses, net of depreciation, amortization, taxes and interest)of MRI Services, LC and Ultra Diagnostics, LLC, measured as of December 31, 1999, based upon generally accepted accounting practices, bearing interest at eight (8) percent per annum. This amount shall be paid in installments as follows: $62,500 of this amount plus accrued interest on the entire amount due shall be paid on August 9, 2000; $62,500 of the amount plus accrued interest on the entire remaining amount due shall be paid on November 9, 2000; and the remaining amount plus accrued interest on the said entire remaining amount due shall be paid on November 9, 2001; and

Term Compensation. The term of this Agreement shall be four (4) years. McCoskrie ▇▇▇▇▇▇▇▇ shall receive as compensation for this Agreement cash in the amount of 0.32 times the twelve month trailing EBITDA (EBITDA, is comprised of revenues less all operating expenses, net of depreciation, amortization, taxes and interest)of MRI Services, LC and Ultra Diagnostics, LLC, measured as of December 31, 1999, based upon generally accepted accounting practices, bearing interest at eight (8) percent per annum. This amount shall be paid in installments as follows: $62,500 of this amount plus accrued interest on the entire amount due shall be paid on August 9, 2000; $62,500 of the amount plus accrued interest on the entire remaining amount due shall be paid on November 9, 2000; and the remaining amount plus accrued interest on the said entire remaining amount due shall be paid on November 9, 2001; and