Compensation for work related travelling time
Compensation for work. 1. Subject to the provisions of Paragraph 10 of this Article, the price named in the proposal and accepted by the City shall be paid by the City and received by the Contractor as full compensation for furnishing materials and for use of tools, forms, machinery and other implements, and for labor in moving materials and executing all the work contemplated in this contract, also for loss or damage arising from delay however occasioned, or out of the nature of the work aforesaid or from the action of the elements, from floods, or from any unforeseen obstructions or difficulties which may be encountered in the prosecution of the same and for all risks of every description connected with the work and for well and faithfully completing the work in the proper manner and according to the plans and specifications and requirements of the Commissioner under them.
2. During the first week of each calendar month, the City Engineer shall cause all work done by the Contractor during the previous month to be measured and shall estimate the value thereof and, on or before the 10th of each month issue a certificate to the Commissioner of the measurements and the amount due the Contractor according to the terms of his contract.
3. The City shall pay the Contractor on approval of the Commissioner monthly on or before the 18th of each month for all work done during the preceding month according to the aforementioned certificate of the City Engineer, less 5 per cent of the amount of such work and less any amounts due the City by the Contractor.
Compensation for work. 7.1. The Company will pay compensation to Hxxxxxx for the performance of the Work as set forth in Schedule B hereto (the "Budget"). Payments for the Work performed following the Execution Date will be paid in quarterly advance installments starting from [*]. Following the Execution Date Hadasit shall issue to the Company an invoice for the Work performed prior to the Execution Date, in an amount not to exceed [*], and the Company shall pay the amount due no later than [*] from receipt of Hadasit’s invoice or [*] following the Execution Date, whichever is the later. It is agreed that Hadasit shall provide written quarterly reports within [*] of the end of each calendar quarter showing a breakdown of FTEs actually allocated to the Work during the preceding quarter, in comparison to the Budget, for purposes of reconciliation.
7.2. The Budget (as may be updated in accordance with the provisions of this Agreement) includes a breakdown of the components comprising of the compensation as follows: (a) costs of the salaries of up to [*] FTEs (not including [*]), and (b) overheads (which include [*]’s management and Hadasit overheads). The Company shall be allowed to provide supplies and outsourced services required for the Work to Hadasit.
7.3. If required under Israel law, the Company shall [*] to any payments made under this Agreement to Hadasit. Any payment shall be made against the provision of tax invoice by Hxxxxxx.
7.4. Other than as set forth in the Budget, Hxxxxxx shall not be entitled to any other payment, remuneration or consideration of any type from the Company for the performance of the Work and/or under this Agreement. For the avoidance of doubt, neither [*] nor any other member of his team is entitled to any consideration whatsoever directly from the Company in respect of the Work and/or under this Agreement and Hadasit shall be solely responsible for any consideration due to them for their involvement in the performance of the Work including but not limited to any salary, social benefits or severance pay.
7.5. Hadasit shall be solely responsible for the payment of [*] required by applicable law to be made in connection with this Agreement. The Company shall [*], as prescribed by applicable law, unless Hadasit provides the Company with [*].
Compensation for work. Contractor’s total compensation for the Work performed under this Agreement (Contract Sum) is one hundred forty three thousand five hundred twenty dollars ($143,520.00) , to be paid as (check one): (1) lump sum; (2) lump sum with progress payments; (3) per attached schedule of rates and charges, up to a guaranteed not-to-exceed amount of $ . All payments (check one): shall shall not be subject to a five percent (5%) retention.
Compensation for work. As full consideration for performance of the Work by Prime Subcontractor, Contractor will pay to Prime Subcontractor in current funds the Contract Sum set forth in the Prime Contract (i.e., the Cost of the Work plus the Contractor’s Fee), not to exceed the GMP established therein, which GMP is equal to and 00/100 Dollars ($ .00). The GMP shall not be adjusted except and solely to the extent expressly permitted by the terms of the Prime Contract and pursuant to the execution of a Change Order by the Owner and Contractor or a CCD by Owner. To the extent the Prime Contract requires the consent of the Contractor in connection with a change in the Work and/or the execution of a Change Order or other Modification to the Prime Contract, the written consent of Prime Subcontractor shall be required in order for such change, Change Order or Modification to be binding upon Prime Subcontractor. In addition, Contractor and Prime Subcontractor acknowledge that the Contract Sum shall consist of the following components: (i) the “Services Payment,” which shall consist of the portion of the Contract Sum payable to Prime Subcontractor on account of the skill, labor and other soft items comprising the Work, including fabrication, installation and any other labor performed by Prime Subcontractor and/or its Sub-subcontractors; and (ii) the “Materials Payment,” which shall consist of the portion of the Contract Sum payable to Prime Subcontractor on account of the Materials comprising the Work that are to be incorporated into the Project; provided that in no event shall the sum of the Services Payment and Materials Payment
(a) Services Payment: $ ; and (b) Materials Payment: $ , each as further provided in the Schedule of Values attached hereto as Exhibit C and incorporated fully herein as a part of this Master Subcontract. Upon Substantial Completion of the entire Work and completion of the final accounting pursuant to the requirements of the Prime Contract, this Master Subcontract shall be amended to reflect the actual Services Payment and Materials Payment payable to Prime Subcontractor on account of the Work. For the avoidance of doubt, the estimated Services Payment and Materials Payment set forth herein shall in no way dictate or limit the actual Contract Sum payable to Prime Subcontractor pursuant to this Master Subcontract and the terms of the Prime Contract (i.e., the actual Services Payment and/or Materials Payment payable to Prime Subcontractor may be less than the es...
Compensation for work. The Employer shall make every attempt to arrange the schedule on an equitable basis so that full-time employees scheduled to work on a Saturday shall be scheduled off on the preceding Monday on a rotation basis.
Compensation for work. The Contractor agrees to provide Department offenders who participate in Contractor employment the same reimbursement, if any, as provided to Contractor inmates performing similar work.
Compensation for work. The City will be responsible for compensating the Cabulance service provider for the trips provided in accordance with this Agreement.
Compensation for work. ENRON shall pay UNIVERSAL ______ per month quarterly for the performance of the Work. This sum shall be due and payable on the first day of each quartermonth during the term of this agreement. No monthly invoice will be submitted, coupons will be supplied for the term of the agreement and submitted sent in quartermonthly with payment.
Compensation for work. Subject to approval of the Board, adoption of an option plan and its submission to the tax authorities, and subject, further, to execution by the parties of an option agreement granting options as set forth herein (the "Option Agreement"), the Consultant shall receive options, that shall be granted to Hadasit for the benefit of the Consultant according to the internal mechanism in HMO for the entitlement of external options (the "Options"), to purchase 30,000 Ordinary Shares of the Company of par value NIS 0.01 each (representing 30% of the issued share capital of the company as of the date of incorporation of the Company) at an exercise price per share of $0.01 (the “Compensation”). The Options will be granted m accordance with the provisions of Section 3(i) of the Israeli Income Tax Ordinance [New Version] - 1961). Hadasit and/or Consultant, as the case may be, will solely bear, and be liable to pay, any and all taxes arising out or in connection with the Compensation. For the avoidance of any doubt, Hadasit and Consultant hereby acknowledge and confirm, that the Compensation constitutes the Company's sole obligation towards Hadasit and/or Consultant in consideration for the Work, and that Hadasit and/or Consultant shall not be entitled to any other remuneration or other payment whatsoever from the Company. For the avoidance of doubt, the Compensation stated hereof shall include merely compensation for the Work performed by the Consultant. As customary, the Company will enter into a separate agreement under which it compensates Hadasit for the involvement of other individuals or performance of services within HMO involved in the performance of the Work. The vesting will be over a period beginning at the Effective Date, be conditioned upon continuation of Consultant's engagement with the Company, and be subject to following conditions: (i) First instalment (representing 7.5% of the issued share capital of the company) upon completion of the in vitro Study, (ii) a second instalment (7.5%) upon completion of the in vivo Study, (iii) a third instalment (7.5%) upon submission of an application of a Phase I Clinical Study to the Helsinky committee, and (iv) Last installment (7.5%) upon completion of a Phase I clinical study and submission to the Company of the applicable study report. For the avoidance of doubt, the above vesting schedule does not provide that Hadasit is obligated to perform clinical trials for the Company. The Options shall be exercised by th...
