Compensation and Reporting Requirements. Contractor shall be compensated on a cost reimbursement basis according to the financial budget prepared by Contractor, approved by ASTHO, and attached to this Agreement. The total reimbursable amount may not exceed $ . Reallocations of less than 10% of a line item or $500 between budgeted line items are allowed but the ASTHO programmatic and financial contacts must be notified within thirty days. Reallocations of more than these amounts may be allowed but must be approved in advance by ASTHO. All incurred costs must be reasonable and conform to any provision of this Agreement regarding Allowable Costs. Subcontractor does not acquire any rights against ASTHO. Contractor must submit invoices to the program contact listed on page two of this agreement to receive payment. Contractor shall render an invoice to ASTHO on a monthly basis on or before the last day of the subsequent month in which expenses were incurred. A narrative report describing activities conducted during the period must accompany each invoice. Upon Contractor’s presentation of an invoice, ASTHO will review the invoice and pay Contractor for work that has been judged acceptable for any approved invoice. The invoice must detail current period expenditures and cumulative expenditures versus the approved budget. Payment of the final invoice will not be made until all work has been completed and has been judged acceptable by ASTHO. Contractor must submit final invoice within 30 days of contract end date to receive payment. Invoice(s) will be paid within 30 days of receipt at ASTHO. The Contractor shall return to ASTHO all overpayments, such as those due to actual rates or costs being less than estimated or provisional rates, or due to any other cause, in a timely and prompt manner.
Compensation and Reporting Requirements. Contractor shall be compensated by payment of the fixed sum of $25,000 for the performance of Contractor’s obligations in conformance with this Agreement. This amount includes all expenses incurred in the performance of this Agreement. This amount shall be paid for work that has been judged acceptable by ASTHO according to the following schedule:
a. $ upon completion of
b. $ upon completion of
c. $ upon completion of all work. Contractor must submit invoices to XxxxxxxxxxXxxxxxx@xxxxx.xxx and send an electronic copy to XxxxxxxxXxxxxxx@xxxxx.xxx to receive payment. The invoice should reference: “Requisition #2608 – Project FE-2801-03-00” and shall describe in detail the task(s) completed. ASTHO will review the invoice and pay the Contractor for work that has been judged acceptable. ASTHO maintains the right to withhold payment, as a result of work determined at its sole discretion to be incomplete, late, or that does not meet the content expectations that ASTHO has shared with Contractor either verbally or in writing. Contractor must submit final invoice within 30 days of contract end date, no later than [date] to receive payment. Payment of the final invoice will not be made until all work has been completed and has been judged acceptable by ASTHO. Failure to provide a timely invoice(s) may result in non-payment of expenses for completed work or deliverables due to grant close-out. Invoice(s) will be paid within 30 days of receipt at ASTHO.
Compensation and Reporting Requirements. (a) Medtronic will pay Horizon on a performance basis according to the schedule specified in Section 7(b), commencing as of the Effective Date. Horizon shall prepare and submit a summary report of monthly performance activity to Medtronic on the basis of data taken from a reporting system as per Appendix B of the Pilot Agreement, hereby incorporated as Appendix C. (Said Appendix C may subsequently be revised on mutual agreement.) Within fifteen (15) days of receipt of this report, Medtronic will review. For reported activities falling into subsections (b)(i) and (b)(iv) below, payment will be made no later than thirty (30) days after Medtronic receives the report, provided that, for the activities falling into subsection (b)(i), Medtronic agrees (the "Validation") that Horizon is responsible for the identification and, for the activities falling into subsection (b)(iv), the Technical Service Support was undertaken at Medtronic's request. Assuming the Validation described above has occurred, payment for reported activities falling into subsections (b)(ii) and (b)(iii) below will be made no later than thirty (30) days after Medtronic has received any and all device registration data necessary to confirm that the relevant Implants of Product/Therapy have taken place.
(b) Medtronic will make payments to Horizon based upon the following performance criteria for Horizon Sales Representatives:
(i) Medtronic will pay Horizon One Hundred Fifty Dollars ($150) for identification of each Appropriate Patient per process shown in Appendix C.
(ii) Medtronic will pay Horizon Six Hundred Dollars ($600) on Implant of Products/Therapies per process shown in Appendix C.
(iii) Medtronic will pay Horizon a One Thousand Dollar ($1000) bonus per Horizon sales representative for the first Appropriate Patient implanted with either an IsoMed(R) or SynchroMed(R) infusion system per the process shown in Appendix C.
(iv) Medtronic will pay Horizon One Hundred Dollars ($100) per implant or refill procedure during which the Horizon Sales Representative provides Technical Service Support.
Compensation and Reporting Requirements
