Financial Considerations Clause Samples
The "Financial Considerations" clause outlines the monetary terms and obligations associated with an agreement. It typically specifies payment amounts, schedules, methods, and any additional costs or reimbursements that may arise during the course of the contract. By clearly defining how and when payments are to be made, this clause helps prevent disputes over financial matters and ensures both parties understand their fiscal responsibilities.
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Financial Considerations. 9.1. In consideration for the rendering of the services, the cidb shall pay the service provider as set forth in Annexure “B” hereof.
9.2. The Service Provider acknowledges that as an independent contractor it will be remunerated for delivery of a specific services as set forth in Annexure “A” hereof.
9.3. Where the Service Provider is a registered VAT vendor, payment of the fees shall be payable to the Service Provider within 30 (thirty) days of receipt of a duly completed VAT invoice, less applicable financial penalties and disputed amounts, provided the invoice is accurate and meets the requirements of this Agreement
9.4. Each invoice shall contain-
9.4.1. A description of the Services rendered; and
9.4.2. Any such details as may reasonably be requested by the cidb, from time to time.
9.5. Should the cidb query an item in an invoice, the Service Provider shall within seven (7) days after a written request by the cidb, provide the cidb with any other documentation or information reasonably required by the cidb in order to verify the accuracy of the amounts due on an invoice.
9.6. The Service Provider shall for the contract term and for a period of three (3) years after the termination of this Agreement, maintain a complete audit trail of the Services performed under this Agreement, sufficient to permit a complete audit thereof.
9.7. Unless otherwise agreed in writing, the cidb shall not be responsible for any subsistence, accommodation, and travel allowances that the service provider may incur in rendering the services. Any extraordinary expenses if payable by the cidb will require cidb’s prior approval before they are incurred by the service provider.
9.8. The cidb will pay the Service Provider for work completed by direct transfer into the following bank account of the Service Provider or such other bank account designated by the Service Provider from time to time.
9.9. The cidb may withhold payment of fees that the cidb disputes in good faith or, if the disputed fees have already been paid, the cidb may withhold an equal amount from a later payment, including disputes in respect of an error in an invoice or an amount paid. If the cidb withholds any such amount-
9.9.1. The cidb shall promptly notify the Service Provider that it is disputing such amount providing a reasonable explanation of the rationale therefore and the Parties shall promptly first address such dispute in accordance with this Clause 16;
9.9.2. If the dispute relates to (or equals in t...
Financial Considerations. 5.1 In the event aggregate funding provided to SCDDO from county, state and/or federal sources is reduced or in any way becomes insufficient to fund this Agreement, the obligations of both SCDDO and the CSP must thereupon be: (1) reduced on a pro rata basis, or (2) renegotiated or terminated, provided that any termination of this Agreement must be without prejudice to any obligations or liabilities of the parties accrued prior to the termination.
5.2 Upon discovery thereof, the CSP, or its employees, subcontractors or authorized agents will report to SCDDO any suspected or identified abuse, fraud or waste related to funds as identified in this Agreement. For the CSP’s convenience, SCDDO provides access to “Our Workplace” to report such suspected abuse, fraud or waste. Our Workplace may be accessed via the internet at ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ (ID SCDDO615), or via phone at (▇▇▇) ▇▇▇-▇▇▇▇. The CSP agrees to post printed information on Our Workplace in an area accessible by its employees. The CSP also agrees to ensure that its employees are educated on abuse, fraud and waste and have a means to report suspected incidents thereof. Training on abuse, fraud and waste is available through Relias.
Financial Considerations. 4.1. Development-Based Milestone Payments
4.2. Licensing Fees and Royalties
Financial Considerations. (a) Product Owner's cost of the Infomercial shall not exceed $250,000, and Product Owner's cost of the Spot shall not exceed $28,000 (collectively referred to as "Cost Estimate"). For purposes of determining Hawthorne's costs for all purposes under this Agreement, Hawthorne's staff will be invoiced at actual salaries, plus 25% for taxes and benefits, and out-of-pocket expenditures will be invoiced at Hawthorne's actual cost with no markup by Hawthorne.
(b) The terms of payment for production of the Spot are five thousand dollars ($5,000) upon execution of this Agreement, five thousand dollars ($5,000) one day prior to the commencement of principal photography for the Spot, and final payment in full within 90 days from the execution of this Agreement, with payment to be evidenced by a promissory note in the form attached hereto as Attachment D. The payments by Product Owner for the Infomercial shall be, as follows:
(i) Fifteen percent (15%) of the Cost Estimate, at the time the final Infomercial script ("Script") and Cost Estimate are presented to Product Owner;
(ii) Fifteen percent (15%) of the Cost Estimate, plus estimated talent fees one business day prior to commencement of principal photography for the Infomercial;
(iii) Thirty percent (30%) of Cost Estimate one day prior to the planned commencement of principal photography,
(iv) Final balance (based on actual costs), and Stock Warrants (as defined in Section 7(j) herein) at the completion of editing of the Infomercial, upon final Product Owner approval and prior to release of tape master or release of copies of the Infomercial.
(c) The following costs are above the Cost Estimate and will be billed to and paid by Product Owner at Hawthorne's cost:
(i) For travel approved in advance by Product Owner, all travel and living expenses incurred by Hawthorne personnel (coach airfare, standard hotel rates, $50 meal per diems) in connection with Hawthorne's responsibilities under this Agreement;
(ii) All legal opinions for the Script, Commercial off-line and Commercial on-line edits (estimated cost: $1,500 to $5,000) rendered by attorneys with expertise in direct response television ads;
(iii) All approved by Product Owner talent related costs related to the production and subsequent airing of the Infomercial including, but not limited to: talent casting, travel, wardrobe, teachers, broker fees; talent fees and royalties, payroll fees, pension and welfare fees, taxes; AFTRA/SAG talent residuals.
(d) Subsequent ...
Financial Considerations. A. Teachers will have a choice of receiving their annual salary paid over 24 pays or 20 pays. Pay dates will be the 10th and the 25th of each month. If those dates fall on a weekend, the pay date will be the Friday prior to that date. Teachers shall sign up for their preference by May 30th for the next school year. It is understood that no changes shall be made until the next May 30th.
B. The professional salary schedule, as attached under Appendix I, shall be part of the Master Agreement.
C. The extra-curricular activities salary schedule as attached under Appendix II shall be part of the Master Agreement.
D. The Board shall recognize military experience towards increments on the salary schedule when such military experience has interrupted a teaching career with the Walled Lake Consolidated School District.
E. In the event a secondary teacher is assigned to regularly teach an additional class beyond the normal load, the compensation for this added responsibility will be that the teacher shall receive one (1/5) fifth additional contractual salary for this responsibility. Such assignments shall be made only in emergency situations.
F. The high school counseling departments shall have an extended school year to be computed in the following manner: number of counselors per building times fifteen (15) (example: 4 counselors x 15 = 60 days). After the total number of days is known, a work schedule will be developed by each department and forwarded to the building principal for approval. Each counselor shall be paid his/her daily rate (employee's contractual salary divided by the number of teacher days in Article VIII for each day worked). If an employee agrees to work on the Saturday Testing Program, he/she will be compensated at the rate of $27.68 per testing hour, less the money received, if any, from honorariums.
G. The middle school counseling departments shall have an extended school year to be computed in the following manner: number of counselors per building times eight (8) (example: 2 counselors x 8 days = 16 days). After the total number of days is known, a work schedule will be developed by each building and forwarded to the building principal for approval. Each counselor shall be paid at his/her per diem rate. At the building principal’s discretion, an additional two (2) days per counselor may be approved for middle school counselor work, paid at each counselor’s per diem rate.
H. Members of the bargaining unit who teach summer school will receive ...
Financial Considerations. ▇. ▇▇▇▇▇ shall review all transportation bills prior to payment by member districts to any contracted carrier(s).
Financial Considerations. 5.1 The Partner shall pay any reasonable costs associated with the approval of the progression arrangement, its monitoring and review and the renewal of the Agreement.
5.2 Payments shall be made in accordance with invoices prepared and dispatched by the University Finance Department.
5.3 Payments shall be made within 30 days of receipt of such invoices.
Financial Considerations. As full compensation for the license granted to Licensee herein, Licensee shall pay to Inserm Transfert, on behalf of the Licensors, the amounts set forth in this Article 7. Inserm Transfert should be in charge of distributing said amount between the Licensors. Each payment hereunder shall be made pursuant to the conditions in Article 7 herein.
Financial Considerations. Except where otherwise detailed in this EC, each party is responsible for its own costs. Any assistance provided by the Catchment of Sheriffs under this EC and any assistance provided by the Contractor is subject to the availability of appropriations. All financial assistance provided by the state will be done pursuant to in compliance with the JBBS fiscal rules and procurement code (e.g., a separate written agreement that complies with the state fiscal rules).
Financial Considerations. The parties may assist each other in obtaining necessary funds from local, state, federal and private sources to successfully operate the P-TECH program.