Common use of COMPENSATION AND CONSIDERATION Clause in Contracts

COMPENSATION AND CONSIDERATION. The total amount to be reimbursed to the Assisted Business under the Contract shall be up to $(X,XXX less grant admin) per eligible net new job created by the Assisted Business for documented costs with reimbursement not to exceed a total of $(total BSTF award, minus grant administration) dollars for the entire Contract. The Government will not reimburse the Assisted Business for any costs incurred prior to (date of award), nor for any expenses not included in the approved budget or not clearly and accurately supported by the Assisted Business’s records. The Government will authorize the Assisted Business to draw up to $(total BSTF award minus grant administration) against the funding reserved for the Assisted Business by the Department. Unless otherwise authorized by the Government, the Assisted Business may receive grant funds periodically over the Contract period only upon documenting the expenditure of the required matching funds and the creation of the eligible net new jobs by the Assisted Business, and after incurring eligible expenses. If the Government determines that the Assisted Business has failed to satisfactorily carry out the duties and responsibilities under the Contract, the Government may revoke the Assisted Business's ability to access additional funds until such time as the Government and the Assisted Business agree on a plan to remedy the deficiency. The Government may recapture funds and return funds to the Department if: At the end of the contract period the Department has overpaid based on the number of net new jobs at the end of the contract period; or The Assisted Business ceases operations at the Project Site within the contract period. The Government reserves the right to withdraw a commitment for any BSTF funds which remain un-disbursed at Contract closeout or at the end of the Contract period. The Assisted Business certifies that no request for reimbursement submitted for eligible expenses under this Contract shall duplicate any expense submitted to the Department for reimbursement under any other program administered by the Department.

COMPENSATION AND CONSIDERATION. The total amount to be reimbursed to the Assisted Business under the Contract shall be up to $(X,XXX less grant admin) 7,125 per eligible net new job position created by the Assisted Business for documented costs with reimbursement not to exceed a total of $(total BSTF award, minus grant administration) 114,000 dollars for the entire Contract. An eligible net new position employs an individual, at a minimum, an average of thirty-five (35) working hours per week on an annual basis, that was hired on or after April 29, 2010 and pays wages that meet or exceed $16.08 per hour, excluding benefits. The Government City will not reimburse the Assisted Business for any costs incurred prior to (date of award)April 29, 2010 nor for any expenses not included in the approved budget or not clearly and accurately supported by the Assisted Business’s ’ records. The Government Assisted Business shall satisfy the matching funds requirements consistent with the purposes expressed in the City’s application during the period of the Contract and shall meet or exceed the 1:2 (50%) required match ratio. a) The City will authorize the Assisted Business to draw up to $(total BSTF award minus grant administration) 114,000 against the funding reserved for the Assisted Business by the Department. In drawing against the reserved amount, the Assisted Business shall follow the instructions supplied by the City. Unless otherwise authorized by the GovernmentCity, the Assisted Business may receive grant funds periodically over the Contract period only upon documenting the expenditure of the required matching funds and the creation of the eligible net new jobs positions by the Assisted Business, and after incurring eligible expenses. Upon reasonable request, the Assisted Business shall provide substantiation of its investment in capital in excess of the required $120,000 new investment at the project site. b) If the Government City determines that the Assisted Business has failed to satisfactorily carry out the duties and responsibilities under the Contract, the Government Department may revoke the Assisted Business's ability ' authority to access additional funds draw against the reserved amount described herein until such time as the Government City and the Assisted Business agree on a plan to remedy the deficiency. The Government may recapture funds and return funds to the Department if: At the end of the contract period the Department has overpaid based on the number of net new jobs at the end of the contract period; or . c) The Assisted Business agrees that if it ceases operations at the Project Site within during the contract periodContract period the Assisted Business shall immediately reimburse the entire amount of the grant advanced up to that time to the Department. If the Assisted Business does not create the projected number of net new positions that meet BSTF program eligibility requirements, the Assisted Business agrees that it shall reimburse the City a prorated portion of any BSTF funds advanced based on documentation of the actual eligible net new positions created by the Assisted Business. d) The Government City reserves the right to withdraw a commitment for any BSTF funds which remain un-disbursed at Contract closeout or at the end of the Contract period. . e) The Assisted Business certifies that no request for reimbursement submitted for eligible expenses under this Contract shall duplicate any expense submitted to the Department for reimbursement under any other program administered by the Department.

COMPENSATION AND CONSIDERATION. The total amount to be reimbursed to the Assisted Business under the Contract shall be up to $(X,XXX less grant admin) 115,000 $175,000 per eligible net new job created by the Assisted Business Business, for documented costs with reimbursement not to exceed a total of $(total BSTF award, minus grant administration) dollars 105,800 $161,000 for the entire Contract. The Government City of Bozeman will not reimburse the Assisted Business for any costs incurred prior to (date of award)July 1, 2020, nor for any expenses not included in the approved budget or not clearly and accurately supported by the Assisted Business’s records. . a) The Government City of Bozeman will authorize the Assisted Business to draw up to $105,800 $161,000 (total BSTF award award, minus grant administration) against the funding reserved for the Assisted Business by the Department. Unless otherwise authorized by the GovernmentCity of Bozeman, the Assisted Business may receive grant funds periodically over the Contract period only upon documenting the expenditure of the required matching funds and the creation of the eligible net new jobs by the Assisted Business, and after incurring eligible expenses. . b) If the Government City of Bozeman, determines that the Assisted Business has failed to satisfactorily carry out the duties and responsibilities under the Contract, the Government City of Bozeman may revoke the Assisted Business's ability to access additional funds until such time as the Government and the Assisted Business agree on a plan to remedy the deficiency. . c) The Government City of Bozeman, may recapture funds and return funds to the Department if: • At the end of the contract period the Department has overpaid based on the number of net new jobs at the end of the contract period; or • The Assisted Business ceases operations at the Project Site within the contract period. . d) The Government City of Bozeman, reserves the right to withdraw a commitment for any BSTF funds which remain un-disbursed at Contract closeout or at the end of the Contract period. . e) The Assisted Business certifies that no request for reimbursement submitted for eligible expenses under this Contract shall duplicate any expense submitted to the Department for reimbursement under any other program administered by the Department.

COMPENSATION AND CONSIDERATION. The total amount to be reimbursed to the Assisted Business under the Contract shall be up to $(X,XXX less grant admin) 4,600 per eligible net new job created by the Assisted Business Business, for documented costs with reimbursement not to exceed a total of $96,600 (total BSTF award, minus grant administrationadministration fees) dollars for the entire Contract. The Government City of Bozeman will not reimburse the Assisted Business for any costs incurred prior to (date of award)April 1, 2021, nor for any expenses not included in the approved budget or not clearly and accurately supported by the Assisted Business’s records. . a) The Government City of Bozeman will authorize the Assisted Business to draw up to $96,600 (total BSTF award award, minus grant administrationadministration fees) against the funding reserved for the Assisted Business by the Department. Unless otherwise authorized by the GovernmentCity of Bozeman, the Assisted Business may receive grant funds periodically over the Contract period only upon documenting the expenditure of the required matching funds and the creation of the eligible net new jobs by the Assisted Business, and after incurring eligible expenses. . b) If the Government City of Bozeman, determines that the Assisted Business has failed to satisfactorily carry out the duties and responsibilities under the Contract, the Government City of Bozeman may revoke the Assisted Business's ability to access additional funds until such time as the Government and the Assisted Business agree on a plan to remedy the deficiency. . c) The Government City of Bozeman, may recapture funds and return funds to the Department if: • At the end of the contract period the Department has overpaid based on the number of net new jobs at the end of the contract period; or • The Assisted Business ceases operations at the Project Site within the contract period. . d) The Government City of Bozeman, reserves the right to withdraw a commitment for any BSTF funds which remain un-disbursed at Contract closeout or at the end of the Contract period. . e) The Assisted Business certifies that no request for reimbursement submitted for eligible expenses under this Contract shall duplicate any expense submitted to the Department for reimbursement under any other program administered by the Department.

COMPENSATION AND CONSIDERATION. The total amount to be reimbursed to the Assisted Business under the Contract shall be up to $(X,XXX less grant admin) 5,000 per eligible net new job created by the Assisted Business Business, for documented costs with reimbursement not to exceed a total of $(total BSTF award, minus grant administration) dollars 4,600 for the entire Contract. The Government City of Bozeman will not reimburse the Assisted Business for any costs incurred prior to (date of award)October 8, 2020, nor for any expenses not included in the approved budget or not clearly and accurately supported by the Assisted Business’s records. . a) The Government City of Bozeman will authorize the Assisted Business to draw up to $156.400 (total BSTF award award, minus grant administration) against the funding reserved for the Assisted Business by the Department. Unless otherwise authorized by the GovernmentCity of Bozeman, the Assisted Business may receive grant funds periodically over the Contract period only upon documenting the expenditure of the required matching funds and the creation of the eligible net new jobs by the Assisted Business, and after incurring eligible expenses. . b) If the Government City of Bozeman, determines that the Assisted Business has failed to satisfactorily carry out the duties and responsibilities under the Contract, the Government City of Bozeman may revoke the Assisted Business's ability to access additional funds until such time as the Government and the Assisted Business agree on a plan to remedy the deficiency. . c) The Government City of Bozeman, may recapture funds and return funds to the Department if: • At the end of the contract period the Department has overpaid based on the number of net new jobs at the end of the contract period; or • The Assisted Business ceases operations at the Project Site within the contract period. . d) The Government City of Bozeman, reserves the right to withdraw a commitment for any BSTF funds which remain un-disbursed at Contract closeout or at the end of the Contract period. . e) The Assisted Business certifies that no request for reimbursement submitted for eligible expenses under this Contract shall duplicate any expense submitted to the Department for reimbursement under any other program administered by the Department.