Compensation; Payment Terms. PuriCore will pay Inventor in accordance with the terms set forth on Exhibit B, attached hereto and fully incorporated by reference. PuriCore and Inventor acknowledge that, in exchange for mutually valuable consideration, PuriCore has previously paid a registration fee in the amount of [*] to the Vitold Bakhir Electrochemical Systems and Technologies. Neither Inventor nor any Inventor employee shall receive any royalty or other remuneration on the production or distribution of any products developed by PuriCore in connection with or based upon the Services. Inventor shall submit a monthly invoice in the amount of [*] detailing time spent on the Services to PuriCore in connection with each individual Work Order Services Form. PuriCore shall make payment to Inventor within thirty (30) days after the date on which PuriCore receives Inventor’s invoice.
Compensation; Payment Terms. 1 . (a) DPS shall pay to Cadbury a fee for each Service that is provided to DPS and its Affiliates hereunder (collectively, the “Incoming Service Fee”) and Cadbury shall pay to DPS a fee for each Service that is provided to Cadbury and its Affiliates hereunder (collectively, the “Outgoing Service Fee”). The costs for each Service (the “Costs”) shall be the actual direct cost incurred by the Providing Party in performing such Service, calculated as set forth on Schedule C, which shall include a reasonable allocation for overhead salary, wages, benefits, taxes and other expenses attributable thereto (but shall exclude, for the avoidance of doubt, any overhead expenses for branding, marketing and other similar expenses) and without any markup for profit, calculated in a manner consistent with past custom and practice of the Providing Party with respect to such Service (or Cadbury Schweppes SBS, Inc. in the case of the Services which were not historically provided by the Providing Party); provided, however, that such Costs shall be adjusted to reflect any termination or expiration of any Transition Service pursuant to Article 3 of this Agreement.
Compensation; Payment Terms. 3.1 In consideration for the Services rendered by Birlasoft hereunder, Customer shall pay to Birlasoft the consideration equal to and agreed under each SOW.
3.2 Customer shall pay the consideration on the basis of invoices submitted by Birlasoft. Birlasoft shall issue an invoice to Customer in accordance with the schedule detailed in each SOW. All invoices shall be paid by the Customer within 30 days from the invoice date. Birlasoft shall charge 7% handling charge while invoicing all out of pocket expenses.
3.3 In case the invoice remains unpaid after 30 days, Birlasoft shall have the option to withdraw from the work till pending invoices are paid. Overdue invoices payable under this agreement shall bear interest from the original due date at the rate of 1.5 % per month or the maximum legal rate, whichever is less.
3.4 The amounts payable to Birlasoft under this Agreement are exclusive of any sales, service, ad valorem or other tax in force from time to time. Customer will indemnify, defend and hold harmless against claims for sales services, ad valorem or other tax, penalty and interest thereon due to any governmental authority based on transactions occurring herein other than taxes measured by the income of Birlasoft, payroll taxes attributable to Birlasoft’s employees and agents and any associated penalties and interest.
3.5 Normal working hours for Birlasoft employees are 8.5 hours per day at offshore, India and 8 hours per day at onsite, other countries unless the applicable law specifies otherwise. In case of work contracted on time and material basis, any work required to be performed by Birlasoft beyond the normal working hours including working on holidays and weekends, will amount to overtime and would be payable by Customer at the rates as prescribed under applicable laws of the country from where the service will be provided. If there are no such provisions in the law, overtime shall be payable by Customer at 1.5 times of the normal rate.
Compensation; Payment Terms. (a) As compensation to RTF for the services performed under this Agreement, CHABOT shall (i) pay RTF $85,000 which includes administrative costs. For the purpose of this Section 4(a), “Administrative Costs” shall mean any cost, direct or indirect, that supports the implementation of the contracted services. Direct costs typically include salary costs related to preparing workshop curriculum and materials and monitoring activities. Indirect costs typically include expenses for general administration of the Program (personnel, payroll, accounting, procurement, data processing, etc.).
(b) RTF shall provide to CHABOT monthly invoices in the amount of
(i) Days/dates of service
(ii) Description of services rendered
(iii) Any additional data required by CHABOT
Compensation; Payment Terms. (a) In addition to, and not in lieu of, any and all compensation and benefit arrangements currently existing or hereinafter entered into between the Company and the Employee, on January 1, 2001 (the "Delivery Date"), the Company shall issue the Employee an aggregate amount of 50,000 shares of Common Stock (the "Shares"), of the Company; provided, however, that the Shares shall only be issued to the Employee on the terms hereof after the completion of the Private Equity Transaction. In the event that the Private Equity Transaction is not completed for any reason by the Delivery Date, this Agreement shall terminate and the Company shall have no obligations hereunder. If the Employee's period of employment is terminated for any reason, the Employee shall be entitled to have the Company issue the Shares to the Employee or the Employee's designated beneficiary(ies) in the same manner as set forth above.
(b) Nothing contained herein shall be deemed to exclude the Employee from any base or supplemental compensation, bonus, pension, insurance, severance pay or other benefit to which he otherwise might be or might become entitled as an employee of the Company. The deferred compensation payable under this Agreement shall not be deemed salary or other compensation to the Employee for the purpose of computing benefits to which he may be entitled under any employment, pension, retirement, stock option or other agreement, benefit plan or arrangement of the Company for the benefit of the Employee or the Company's employees.
Compensation; Payment Terms. (a) In addition to, and not in lieu of, any and all compensation and benefit arrangements currently existing or hereinafter entered into between the Company and the Employee, the Company shall pay the Employee an aggregate amount of $5,000,000 in ten annual installment payments of $500,000 each commencing on the later of (i) January 1, 2001 or (ii) the date of his retirement or termination (whether by resignation of the Employee or discharge by the Company) from the position of President and Chief Executive Officer of the Company. If the Employee should die before the ten annual payments have been made, the unpaid balance will continue to be paid in installments for the unexpired portion of such ten year period to his designated beneficiary(ies) in the same manner as set forth above.
(b) Notwithstanding anything herein contained to the contrary, the Company shall have the right, in its sole discretion, to vary the manner and time of making the installment distributions provided in this Agreement and may make such distributions in lump sum payments or over a shorter period of time than ten years, as it may find appropriate.
(c) Nothing contained herein shall be deemed to exclude the Employee from any supplemental compensation, bonus, pension, insurance, severance pay or other benefit to which otherwise he might be or might become entitled as an employee of the Company. The deferred compensation payable under this Agreement shall not be deemed salary or other compensation to the Employee for the purpose of computing benefits to which he may be entitled under any pension, retirement, stock, option or other benefit plan or arrangement of the Company for the benefit of its employees.
Compensation; Payment Terms. 5.1 In consideration for the Services, Borealis commits to pay to Consultant a Commission as set forth in Schedule “B”, attached hereto and incorporated herein by reference.
5.2 The Commission on a given Transaction shall be due only after payment from a Customer has been received cleared the account of Borealis Foods or its affiliated entities.
5.3 Borealis Foods shall have the absolute right to set forth cash discounts, to make such allowances and adjustments to accept such returns from its Customers, and to write off as bad debts such overdue Customer accounts as it deems advisable. In each such case Borealis Foods shall charge back to Consultant’s account any amounts previously paid or credited to it with respect to such cash discounts, allowances, adjustments, return or bad debts. However, Borealis Foods agrees that the amount of any cash discount provided to a Customer and charged back to Consultant shall not exceed of the sales price.
5.4 Consultant shall provide an invoice to Borealis Foods detailing the Commission. Borealis Foods shall pay the Consultant’s invoices within [*****] days from the date of an undisputed invoice.
5.5 Consultant shall be responsible for all of Consultant’s expenses in rendering the Services. Borealis Foods may, from time to time, agree to pay for certain Consultant expenses but only if pre-approved in writing by Borealis Foods.
Compensation; Payment Terms. As full consideration for the Services, the District shall pay Provider the fees set forth in Schedule A. Unless expressly agreed by the Parties, all expenses incurred in the performance of the Services shall be paid by Provider. Provider will submit timesheets and invoices to District on or before the tenth (10th) day of each month for Services provided in the preceding month. District shall pay the amount set forth in the invoice within thirty (30) days of receipt. If District disputes any entries in the timesheet and/or invoice, District shall notify Provider of such dispute within fifteen (15) days of receipt of such timesheet and invoice and pay in full the undisputed portion. The Parties agree to negotiate in good faith the resolution of all such disputes in a timely manner. Failure to notify Provider within such time shall constitute a waiver by District of any objection thereto. Provider may charge interest of twelve percent (12%) per annum (or the maximum charge permitted by law, if less) to all outstanding past due amounts.
Compensation; Payment Terms. Compensation is provided based on the three categories of Services as presented in this Agreement: Strategic Marketing Consultation,
Compensation; Payment Terms. If hourly work is required SFA will bill as per the following scheduled rates: Advisor at $295. Manager at $125, Administrative at $75 per hour.
