Common use of Invoice/Payment Schedule Clause in Contracts

Invoice/Payment Schedule.  February 1, 2013 due on or before February 29, 2013 based on FTE reported in the FTE Survey 2 in October of 2012.  June 1, 2013 due on or before June 30, 2013 based on FTE reported in the FTE Survey 3 in February of 2013.  Final reconciliation July 31, 2013.  A final reconciliation will be performed of the Annual Fees based on the funded FTE paid to the District and the amounts paid to Clay Virtual Academy no later than July 31 of each year, starting in July 31, 2013. In the event that the Annual Student Fees paid to Clay Virtual Academy exceeds the number of FTE’s funded to the District for students enrolled under this Agreement, Clay Virtual Academy shall refund the difference to the District no later than the following September 30.

Invoice/Payment Schedule.  February 1, 2013 due on or before February 29, 2013 based on FTE reported in the FTE Survey 2 in October of 2012.  • June 1, 2013 due on or before June 30, 2013 based on FTE reported in the FTE Survey 3 in February of 2013.  • Final reconciliation July 31, 2013.  • A final reconciliation will be performed of the Annual Fees based on the funded FTE paid to the District and the amounts paid to Clay Virtual Academy no later than July 31 of each year, starting in July 31, 2013. In the event that the Annual Student Fees paid to Clay Virtual Academy exceeds the number of FTE’s funded to the District for students enrolled under this Agreement, Clay Virtual Academy shall refund the difference to the District no later than the following September 30.

Invoice/Payment Schedule.  February 1, 2013 2017 due on or before February 2928, 2013 2017 based on FTE reported in the FTE Survey 2 in October of 20122017.  • June 1, 2013 2017 due on or before June 30, 2013 2017 based on FTE reported in the FTE Survey 3 in February of 20132016.  • Final reconciliation July 31, 2013.  2017 • A final reconciliation will be performed of the Annual Fees based on the funded FTE paid to the District and the amounts paid to Clay the Virtual Academy Instructional Provider no later than July 31 August 15 of each year, starting in July 31, 2013. In the event that the Annual Student Fees paid to Clay Virtual Academy exceeds the Contractor exceed the number of FTE’s funded to the District for students enrolled under this Agreementcontract, Clay the Virtual Academy Instructional Provider shall refund the difference to the District no later than the following September 30.. Attachment B - Continued

Invoice/Payment Schedule.  February 1, 2013 2014 due on or before February 29, 2013 2014 based on FTE reported in the FTE Survey 2 in October of 20122013.  • June 1, 2013 2014 due on or before June 30, 2013 2014 based on FTE reported in the FTE Survey 3 in February of 20132014.  • Final reconciliation July 31, 20132014.  • A final reconciliation will be performed of the Annual Fees based on the funded FTE paid to the District and the amounts paid to Clay Xxx Virtual Academy Elementary no later than July 31 of each year, starting in July 31, 20132014. In the event that the Annual Student Fees paid to Clay Xxx Virtual Academy Elementary exceeds the number of FTE’s funded to the District for students enrolled under this Agreement, Clay Xxx Virtual Academy Elementary shall refund the difference to the District no later than the following September 30.

Invoice/Payment Schedule.  February 1, 2013 2017 due on or before February 2928, 2013 2017 based on FTE reported in the FTE Survey 2 in October of 20122017.  June 1, 2013 2017 due on or before June 30, 2013 2017 based on FTE reported in the FTE Survey 3 in February of 20132016.  Final reconciliation July 31, 2013. 2017  A final reconciliation will be performed of the Annual Fees based on the funded FTE paid to the District and the amounts paid to Clay the Virtual Academy Instructional Provider no later than July 31 August 15 of each year, starting in July 31, 2013. In the event that the Annual Student Fees paid to Clay Virtual Academy exceeds the Contractor exceed the number of FTE’s funded to the District for students enrolled under this Agreementcontract, Clay the Virtual Academy Instructional Provider shall refund the difference to the District no later than the following September 30.. Attachment B - Continued

Invoice/Payment Schedule.  February 1, 2013 2014 due on or before February 2928, 2013 2014 based on FTE reported in the FTE Survey 2 in October of 20122013.  June 1, 2013 2014 due on or before June 30, 2013 2014 based on FTE reported in the FTE Survey 3 in February of 20132014.  Final reconciliation July 31, 2013. 2014  A final reconciliation will be performed of the Annual Fees based on the funded FTE paid to the District and the amounts paid to Clay the Virtual Academy Instructional Provider no later than July 31 of each year, starting in July 31, 2013August 15. In the event that the Annual Student Fees paid to Clay Virtual Academy exceeds the Contractor exceed the number of FTE’s funded to the District for students enrolled under this Agreementcontract, Clay the Virtual Academy Instructional Provider shall refund the difference to the District no later than the following September 30.. Attachment B - Continued