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OTHER METHODS OF COMPENSATION Sample Clauses

OTHER METHODS OF COMPENSATION. Within the PDB agreement NTE or the GMP, the parties may agree to the following methods of pricing Design-Builder’s Compensation.
Sample 1
OTHER METHODS OF COMPENSATION. COSTS NOT REIMBURSABLE.......................................................................................................
Sample 1
OTHER METHODS OF COMPENSATION. Within any NTE or GMP, the parties may agree to the following methods of pricing. A. Allowance items and Allowance values. 1. Allowances are sums to cover the cost of prescribed items not specified in detail that may or may not be constructed during construction activities. Any and all Allowance items and Allowance values, must be set forth in each GMP amendment and included within any established NTE or GMP, as applicable. 2. For any Allowance item and Allowance value, Design-Builder and City will have worked together to review the Allowance items and Allowance values based on design information then available to determine that the Allowance values constitute reasonable estimates for the Allowance items. Design-Builder and the City will continue working closely together during the preparation of the design to develop Construction Documents consistent with the Allowance values. Nothing herein is intended in any way to constitute a guarantee by Design-Builder that the Allowance item in question can be performed for the Allowance value. 3. No work shall be performed on any Allowance item without Design- Builder first obtaining in writing advanced authorization to proceed from the City, at which time the City and Design-Builder will consider whether an adjustment to Contract Time is necessary to complete the Allowance work. The Construction Proposal shall include dates by which the Allowance must be used or not. 4. The Allowance value for an Allowance item includes the direct cost of labor, materials, equipment, transportation, Design-Builder fee, taxes and insurance directly associated with the applicable Allowance item. Except for Owner Directed Allowances, as defined below, all other costs, including design fees, Design-Builder’s overall project management and fixed general conditions costs, overhead and fee, are deemed to be included in the original NTE or GMP, as applicable, and are not subject to adjustment, regardless of the actual amount of the Allowance item. 5. The Project Manager has authority to approve reallocation between Allowances to account for actual costs of an Allowance item or Allowance value. 6. The City and the Design-Builder may designate certain Allowances as ‘Owner Directed Allowances.’ Design-Builder shall be compensated for Owner Directed Allowances for the Cost of the Work associated with such allowances plus the Fee Percentage. Items designated as ‘Owner Directed Allowances’ shall not be included in the calculation to determine t...
Sample 1

Related to OTHER METHODS OF COMPENSATION

  • Basis of Compensation The Owner shall compensate the Architect/Engineer for the services provided in accordance with Article 7. Payments to the Architect/Engineer shall be as follows:

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Fixed Compensation Each of the Co-Managers will receive certain additional fixed compensation pursuant to separate agreements with Masterworks, which is not tied specifically to this Offering or to any other specific offering, but a portion of which is deemed to be underwriting compensation for this Offering. Such additional fixed compensation relates to (i) a monthly retainer for administrative support services and (ii) fixed compensation payments to representatives of Arete. $8,224 is a reasonable estimate of costs and expenses referenced in clauses (i) and (ii) above that are appropriately allocated to this Offering.

  • Deferred Compensation Plans Employees are to be included in the State of California, Department of Personnel Administration's, 401(k) and 457 Deferred Compensation Programs. Eligible employees under IRS Code Section 403(b) will be eligible to participate in the 403(b) Plan.

  • 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.

  • Stock Based Compensation Executive will be eligible to participate in the Company's Employee Stock Purchase Plan and to be considered by the Compensation Committee for grants or awards of stock options or other stock-based compensation under the Company's Stock Incentive Plan or similar plans from time to time in effect. All such grants or awards shall be governed by the governing Plan and shall be evidenced by the Company's then standard form of stock option, restricted stock or other applicable agreement.

  • Variable Compensation In addition to any interim award that the Company owes to the Executive under the Variable Compensation Plan (or any similar provisions in a successor to the Variable Compensation Plan), the Executive shall be paid a lump sum cash amount equal to 2.0 times the target annual award under the Variable Compensation Plan for the Executive’s job for the calendar year during which the Change in Control occurs. In order to be entitled to a payment pursuant to this Section 4(b), the Executive must have been a participant in the Company’s Variable Compensation Plan at some time during the calendar year in which the Change in Control occurred or the calendar year immediately preceding the calendar year in which the Change in Control occurred.

Most Referenced Clauses

Most Referenced Definitions