Costs & Compensation Sample Clauses

Costs & Compensation. 9.1. Except as set forth in Sections 9.2, 9.3 and 9.7 below, each Party shall bear its own costs and expenses incurred in connection with such Party’s performance under this Agreement. 9.2. As payment for the work to be performed by HOKU pursuant to Section 4 above, NISSAN shall pay HOKU Three Million U.S. Dollars ($3,000,000), as follows: 9.2.1. Cash payment of Two Million Seven Hundred Sixty Thousand U.S. Dollars ($2,760,000), upon execution of this Agreement as an engineering expense. NISSAN is responsible for any taxes, fees, or government charges due in Japan. 9.2.2. Additional aggregate cash payment of Two Hundred Forty Thousand U.S. Dollars ($240,000), as an engineering expense upon execution by HOKU and NISSAN of the Step Completion Verification. NISSAN is responsible for any taxes, fees, or government charges due in Japan. 9.3. NISSAN shall pay HOKU for all HOKU Products that are ordered by NISSAN. The price per unit of HOKU Product shall be equal to the price quoted on Exhibit D or Exhibit E, as applicable. The pricing for any HOKU Product that is not specifically listed on Exhibit D or Exhibit E shall be negotiated and agreed by the Parties in good faith. 9.4. With regard to payment by NISSAN set forth in Section 9.2.1, HOKU shall deliver to NISSAN an invoice and NISSAN shall immediately pay HOKU the amount specified in the invoice. 9.5. With regard to payment by NISSAN set forth in Sections 9.2.2 and 9.3, HOKU shall deliver to NISSAN an invoice and NISSAN shall, within sixty (60) days after receipt of such invoice from HOKU, pay HOKU the amount specified in the invoice.
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Costs & Compensation. 8.1. Except as set forth in Sections 8.2 and 8.3 below, each Party shall bear its own costs and expenses incurred in connection with such Party’s performance under this Agreement. 8.2. As payment for the work to be performed by HOKU pursuant to Section 4 above, NISSAN shall pay HOKU the following: 8.2.1. Cash payment of Two Hundred Thousand U.S. Dollars ($200,000), after any applicable taxes and fees, upon execution of this Agreement as an engineering expense. 8.2.2. Additional aggregate cash payment of Two Hundred Thousand U.S. Dollars ($200,000), after any applicable taxes and fees, as an engineering expense upon execution by HOKU and NISSAN of the Step Completion Verification. 8.2.3. With regard to payment by NISSAN set forth in Sections 8.2.1, HOKU shall deliver to NISSAN an invoice and NISSAN shall pay HOKU the amount specified in the invoice. 8.2.4. With regard to payment by NISSAN set forth in Sections 8.2.2, HOKU shall deliver to NISSAN an invoice and NISSAN shall, within sixty (60) days after receipt of such invoice from HOKU, pay HOKU the amount specified in the invoice. 8.2.5. The Parties shall separately discuss and determine unit price and conditions of the payment for all Automotive HOKU MEA and HOKU Membrane to be delivered to the NISSAN Facility, in accordance with Purchase Agreement, in good faith. 8.3. [ * ] shall provide any specialized equipment that it requires or desires in the Joint Laboratory, and shall be responsible for all compensation, relocation, travel, living and other expenses of any [ * ] employee working in the Joint Laboratory. [ * ] shall bear all reasonable and ordinary overhead costs associated with the operation of the Joint Laboratory such as rent, electricity, water, telephone and Internet, and common laboratory safety equipment.
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Costs & Compensation. 7.1. Except as set forth in Section 7.2 below, each Party shall bear its own costs and expenses incurred in connection with such Party’s performance under this Agreement. 7.2. As payment for the Automotive HOKU MEA and HOKU Membrane to be produced by HOKU pursuant to Section 3 above, NISSAN shall pay HOKU the following: 7.2.1. Cash payment of One Million Three Hundred Thousand U.S. Dollars ($1,300,000) upon execution of this Agreement as a non-refundable (except as set forth in Section 9.3.1) pre-payment for Automotive HOKU MEA and HOKU Membrane to be ordered by NISSAN during the term of this Agreement. 7.2.2. With regard to payment by NISSAN set forth in Sections 7.2.1, HOKU shall deliver to NISSAN an invoice and NISSAN shall, until the payment date described in such invoice from HOKU, pay HOKU the cost specified in the invoice. 7.3. NISSAN shall pay HOKU for all Automotive HOKU MEA and HOKU Membrane that is ordered by NISSAN in excess of the amounts pre-paid in accordance with Section 7.2. 1. The price per unit of Automotive HOKU MEA and HOKU Membrane shall be equal to the price quoted on Exhibit A for the equivalent unit and volume of Automotive HOKU MEA and HOKU Membrane, as applicable, which is produced during the applicable production timeframe referenced on Exhibit A. Notwithstanding the foregoing, HOKU shall have no obligation to produce or deliver, as HOKU Initials & Date /s/ DS Sept. 10, 2004 NISSAN Initials & Date /s/ HT Sept. 6, 2004 applicable, such additional quantities of Automotive HOKU MEA or HOKU Membrane. All payments by NISSAN pursuant to this Section 7.3 shall be made to HOKU within sixty (60) days after delivery of an invoice for such additional quantities of Automotive HOKU MEA and HOKU Membrane.
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Costs & Compensation. In the event that the stand holder and the client fail to lay down a formal agreement the latter is bound to meet all the photo, design, scale-model, drawing etc. costs involved in the preparing of the agreement and to pay all this to the stand holder.
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Costs & Compensation. Except as set forth above, EPIX shall be responsible for all costs associated with establishing and training its sales force. GSK will compensate EPIX for co-promotion activities [********] for co-promotion activities will be [********]. Nothing in the Co-Promotion Agreement shall obligate GSK to pay EPIX additional milestones or royalties other than as set forth in this Agreement.
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Costs & Compensation. Company shall bear all costs associated with producing the promotional materials to be utilized pursuant to this Section 2.6(b), including the cost of printing and delivering promotional materials to the distribution site(s) designated by Bank or its affiliate. Bank or Bank’s affiliate shall bear the costs associated with insertion of the promotional materials in Bank’s customer communications and the normal cost of postage provided, however, that if Company’s promotional materials cause an increase in the postage cost to Bank to send Bank’s customer communication, Company shall bear such incremental postage cost. Company shall be solely responsible for all costs associated with any stand-alone communications to which Bank and Company may agree. Company and Bank or Bank’s affiliate shall mutually agree upon the compensation to be paid to Bank or to Bank’s affiliate for the promotional activity set forth in this Section 2.6(b).
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Related to Costs & Compensation

  • CONSULTANT’S COMPENSATION Consultant’s Compensation means the fees and expenses incurred directly in connection with the performance or furnishing of Basic and Additional Services for which the Owner shall pay the Consultant as indicated in Exhibit A.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125.00 per hour.

  • AGENT’S COMPENSATION The Owner agrees to pay the Agent the following fees indicated below for the services and provided: (check all that apply)

  • ALPS Compensation; Expenses (a) ALPS will bear all expenses in connection with the performance of its services under this Agreement, except as otherwise provided herein. ALPS will not bear any of the costs of Fund personnel. Other Fund expenses incurred shall be borne by the Fund or the Fund’s investment adviser, including, but not limited to, initial organization and offering expenses; the blue sky registration and qualification of Shares for sale in the various states in which the officers of the Fund shall determine it advisable to qualify such Shares for sale (including registering the Fund as a broker or dealer or any officer of the Fund as agent or salesman in any state); litigation expenses; taxes; costs of preferred shares; expenses of conducting repurchase offers for the purpose of repurchasing Fund shares; administration, transfer agency, and custodial expenses; interest; Fund directors’ or trustees’ fees; brokerage fees and commissions; state and federal registration fees; advisory fees; insurance premiums; fidelity bond premiums; Fund and investment advisory related legal expenses; costs of maintenance of Fund existence; printing and delivery of materials in connection with meetings of the Fund’s directors or trustees; printing and mailing of shareholder reports, prospectuses, statements of additional information, other offering documents and supplements, proxy materials, and other communications to shareholders; securities pricing data and expenses in connection with electronic filings with the U.S. Securities and Exchange Commission (the “SEC”).

  • Overtime Compensation 1. Except as provided in this section, Grantee will be responsible for any obligations of premium overtime pay due employees. Premium overtime pay is defined as any compensation paid to an individual in addition to the employee’s normal rate of pay for hours worked in excess of normal working hours. 2. Funds provided under this Contract may be used to pay the premium portion of overtime only under the following conditions: i. With the prior written approval of System Agency; ii. Temporarily, in the case of an emergency or an occasional operational bottleneck; iii. When employees are performing indirect functions, such as administration, maintenance, or accounting; iv. In performance of tests, laboratory procedures, or similar operations that are continuous in nature and cannot reasonably be interrupted or otherwise completed; or v. When lower overall cost to System Agency will result.

  • Expenses and Compensation Except for expenses specifically assumed or agreed to be paid by the Portfolio Manager under this Agreement, the Portfolio Manager shall not be liable for any expenses of the Portfolio or the Trust, including, without limitation: (i) interest and taxes; (ii) brokerage commissions and other costs in connection with the purchase and sale of securities or other investment instruments with respect to the Portfolio; and (iii) custodian fees and expenses. For its services under this Agreement, Portfolio Manager shall be entitled to receive a fee, which fee shall be payable monthly in arrears at the annual rate of 0.45% of the average daily net assets of the Account.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Full Compensation Subrecipient agrees to accept the specified compensation as set forth in this Contract as full remuneration for performing all services and furnishing all staffing and materials required, for any reasonably unforeseen difficulties which may arise or be encountered in the execution of the services until acceptance, for risks connected with the services, and for performance by the Subrecipient of all its duties and obligations hereunder.

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