ADES » Topics » 5. COMPENSATION, HOURLY RATE FOR SERVICES AND REIMBURSEMENT OF EXPENSES

These excerpts taken from the ADES 10-K filed Mar 14, 2008.

5. COMPENSATION, HOURLY RATE FOR SERVICES AND REIMBURSEMENT OF EXPENSES

(a) Developer shall be entitled to invoice (and Sponsor shall pay for) all Services rendered in connection with the Crowfoot Projects only as provided in this Section 5.

(b) Monthly Fee. Unless Developer’s Services are terminated in accordance with Section 14, Sponsor shall pay the Developer a monthly fee of *. The Monthly Fee shall cover all Services performed by the Developer by Sheila Glesmann, all office expenses of the Developer, Developer’s insurance, employee benefits and all other expenses.

(c) Out-of-Pocket Expenses. Sponsor shall pay the out-of-pocket expenses of the Developer (at cost without markup) for the reimbursable expenses set forth in Exhibit 2 and other activities to the extent approved by the Sponsor Representative (“Reimbursable Expenses”).

(d) Hourly charges of Developer Employees. Sponsor shall pay Developer for Services performed by employees to the Developer other than the Key Developers (the “Additional Hourly Charges”) at the rates and for the services only to the extent approved by a written change order executed by Sponsor’s Representative.

(e) All compensation and expenses shall continue to be paid on a monthly basis until the Commercial Operation Date of the first Production Line unless earlier terminated in accordance with the terms hereof. In the event that further Production Lines from the permits attained are built, continuation of Developer for Monthly Fees shall be negotiated on a case-by-case basis.

 

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5. COMPENSATION, HOURLY RATE FOR SERVICES AND REIMBURSEMENT OF EXPENSES

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">(a) Developer shall be entitled to invoice (and Sponsor shall pay for) all Services rendered in connection with the Crowfoot Projects only as provided in this
Section 5.

(b) Monthly Fee. Unless Developer’s Services are terminated in accordance with Section 14, Sponsor shall pay the
Developer a monthly fee of *. The Monthly Fee shall cover all Services performed by the Developer by Sheila Glesmann, all office expenses of the Developer, Developer’s insurance, employee benefits and all other expenses.

STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%">(c) Out-of-Pocket Expenses. Sponsor shall pay the out-of-pocket expenses of the Developer (at cost without markup) for the reimbursable expenses set forth
in Exhibit 2 and other activities to the extent approved by the Sponsor Representative (“Reimbursable Expenses”).

(d) Hourly
charges of Developer Employees. Sponsor shall pay Developer for Services performed by employees to the Developer other than the Key Developers (the “Additional Hourly Charges”) at the rates and for the services only to the extent
approved by a written change order executed by Sponsor’s Representative.

(e) All compensation and expenses shall continue to be paid on a
monthly basis until the Commercial Operation Date of the first Production Line unless earlier terminated in accordance with the terms hereof. In the event that further Production Lines from the permits attained are built, continuation of Developer
for Monthly Fees shall be negotiated on a case-by-case basis.

 


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EXCERPTS ON THIS PAGE:

10-K (2 sections)
Mar 14, 2008

RELATED TOPICS for ADES:

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