Maximum Compensation and Budget Requirement. Citizens’ obligation to pay Vendor for all Services accepted and reimbursable expenses under this Agreement (i) shall not exceed a total dollar amount of $300,000.00 for the base term of three (3) years; and, (ii) is contingent on the availability of budgeted funds approved by Citizens’ Board of Governors on an annual basis. Should Citizens opt to exercise the optional renewal term available, further Citizens’ Board of Governors approval will be required and Citizens’ obligation to pay Vendor for all Services accepted and reimbursable expenses under this Agreement shall not exceed the value of that approval.
Appears in 4 contracts
Samples: Agreement for Lean, Agreement for Lean, Agreement for Lean
