COMPENSATI ON Sample Clauses

The COMPENSATION clause defines the terms and conditions under which payment is made for goods or services provided under the agreement. It typically outlines the amount to be paid, the payment schedule, and any conditions or milestones that must be met before payment is released. For example, it may specify that payment is due within 30 days of invoice receipt or upon completion of certain deliverables. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment and providing a framework for timely and accurate compensation.
COMPENSATI ON. CITY agrees to provide the following compensation to ▇▇▇▇▇▇▇▇▇: a. Effective 10/01/2013. Annual compensation of One Hundred Seventy-eight Thousand Five Hundred Sixty-five dollars and Eighty-eight cents ($178,565.88) for services rendered with applicable payroll taxes withheld. Said compensation shall be paid biweekly . Compensation may be adjusted upward annually due to merit increases approved by the City Manager. Effective 10/01/2014. Annual compensation of One Hundred Eighty-nine Thousand One Hundred One dollars and Twenty-eight cents ($189,101.28) for services rendered with applicable payroll taxes withheld . Said compensation shall be paid biweekly . Compensation may be adjusted upward annually due to merit increase approved by the City Manager.
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COMPENSATI ON. Empl oyees who ar e call ed back shall be compensat ed f or t he act ual ti me wor ked wit h a mi ni mum of t wo hour s of over ti me compensati on bei ng all owed f or all per i ods l ess t han t wo ( 2) hour s , Over ti me call - back compens ati on s hall be admi ni s t er ed cons i s t ent wit h t he pr ovi s i ons of Ar ti cl e 15.
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COMPENSATI ON. For the satisfactory performance of the professional services described in Exhibit “A”, the City agrees to compensate CONSULTANT on the basis set forth in Exhibit “B”, Fee Estimate, which is attached hereto. It is mutually understood and agreed that compensation for the services will be in an estimated amount of $49,500 for the specified services. CONSULTANT shall submit invoices for services rendered of the defined services. CITY shall make payments in the amount shown by CONSULTANT approved invoices and other documentation submitted within thirty (30) days of receiving such invoice. Nothing contained in this Contract shall require CITY to pay for any work that is unsatisfactory as determined by CITY or which is not submitted in compliance with the terms of this Contract. CITY will not be required to make any payments to CONSULTANT when CONSULTANT is in default under this Contract, nor shall this paragraph constitute a waiver of any right, at law or in equity, which CITY may have if CONSULTANT is in default, including the right to bring legal action for damages or for specific performance of this Contract. Waiver of any default under this Contract shall not be deemed a waiver of any subsequent default. CONSULTANT will fully comply with any and all applicable federal, state and local laws relating to income reporting, including but not limited to Internal Revenue Service Reports.
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COMPENSATI ON. A. FY 2004, COMPENSATION 1. Effective July 1, 2003, employees shall continue to receive the wages set forth on the Addendum B Salary Schedule for the period FY 2004. July 1, 2003 through June 30, 2004. B. Effective July 1, 2000 and in the subsequent fiscal years respectively, progression within the rank of Police Officer, Police Agent and Flight Officer shall be as set out in Addendum B Salary Schedule. This progressive schedule supercedes all other salary scales and longevity pay provisions set out in prior agreements. Transition from the former salary schedule to the new salary schedule shall be in accordance with the transition rules established by the Department of Personnel.
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COMPENSATI ON. CITY agrees to provide the following compensation to ▇▇▇▇▇▇▇: a. Effective 10/01/2013. Annual compensation of Ninety-Four Thousand Nine Hundred Nine dollars and Thirty-two cents ($ 94,909.32) for services rendered with applicable payroll taxes withheld . Said compensation shall be paid biweekly. Compensation may be adjusted upward annually due to merit increases approved by the City Manager. Effective 10/01/2014 . Annual compensation of One Hundred Thousand Five Hundred Eight dollars and Eighty-eight cents ($100,508.88) for services rendered with applicable payroll taxes withheld. Said compensation shall be paid biweekly. Compensation may be adjusted upward annually due to merit increases approved by the City Manager. b. Effective January 1, 2015, One Thousand One Hundred Seventy- Five dollars ($1175.00) per month for health, disability, and life insurance offered in the City's Cafeteria Plan. ▇▇▇▇▇▇▇ will be entitled to the same annual increase to the Cafeteria Plan as provided to the other non-represented , non-Department Head employees of the CITY.
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COMPENSATI ON. An empl oyee ass i gned on- call dut y shall be compensat ed at a r at e of $2. 00 per hour f or a per i od when ass i gned t o be on- call .
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Related to COMPENSATI ON

  • 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.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Compensation & Payment 8.4.1. Should the claim be found proven; settlement is executed only in the form of compensation payment added to the Client trade account. 8.4.2. Compensation shall not compensate the profit not received by the Client in the event that the Client had an intention to perform some action but has not performed it for some reason. 8.4.3. The Company shall not compensate non-pecuniary damage to the Client. 8.4.4. The Company adds a compensation payment to the Client trading account within one working day since the moment of making a positive decision on the dispute situation.

  • Trustee’s Compensation The Trustee shall be entitled to the compensation set forth in the letter agreement between the Purchaser and the Trustee dated as of December 20, 2023, as may be amended from time to time.