Common use of Compensation Schedule Clause in Contracts

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 11 contracts

Samples: Independent Adjusting Services Agreement, Independent Adjusting Services Agreement, Independent Adjusting Services Agreement

AutoNDA by SimpleDocs

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 4 contracts

Samples: Independent Adjusting Services Agreement, Independent Adjusting Services Agreement, Independent Adjusting Services Agreement

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, . Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% $0.00 $2,500.00 $725.00 1,160.00 $2,500.01 $5,000.00 $850.00 1,360.00 $5,000.01 $10,000.00 $975.00 1,560.00 $10,000.01 $15,000.00 $1,150.00 1,850.00 $15,000.01 $25,000.00 $1,300.00 2,100.00 $25,000.01 $35,000.00 $1,500.00 2,400.00 $35,000.01 $50,000.00 $1,825.00 2,950.00 $50,000.01 $75,000.00 $2,600.00 4,150.00 $75,000.01 $100,000.00 $3,500.00 5,600.00 $100,000.01 $150,000.00 $4,100.00 6,550.00 $150,000.01 $200,000.00 $5,300.00 8,500.00 $200,000.01 $250,000.00 $6,500.00 10,400.00 $250,000.01 $300,000.00 $7,200.00 11,500.00 $300,000.01 $500,000.00 $12,000.00 19,000.00 $500,000.01 $750,000.00 $18,000.00 28,800.00 $750,000.01 $1,000,000.00 $24,000.00 38,400.00 $1,000,000.01 And up 1.35% Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00100.00

Appears in 2 contracts

Samples: Independent Adjusting Services Agreement, Independent Adjusting Services – Catastrophe Agreement

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, . Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 1 contract

Samples: Independent Adjusting Services – Catastrophe Agreement

AutoNDA by SimpleDocs

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, . Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 Amendment No. 3 between Citizens and Catastrophe Response Unit USA, Inc. Page 8 of 13 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Amendment No. 3 between Citizens and Catastrophe Response Unit USA, Inc. Page 9 of 13 Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 1 contract

Samples: Independent Adjusting Services Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!