Payment for Work Performed Sample Clauses
The "Payment for Work Performed" clause establishes the obligation for a party to compensate another for services or work that has been completed up to a certain point, typically in the event of contract termination or suspension. This clause details how payments are calculated based on the portion of work actually finished, often referencing milestones, deliverables, or time spent. Its core function is to ensure that the party performing the work is fairly compensated for their efforts, even if the contract does not run to full completion, thereby reducing financial risk and potential disputes over partial performance.
POPULAR SAMPLE Copied 198 times
Payment for Work Performed. Final payment will be due following completion and acceptance of the Work performed in accordance with this Agreement. Before final payment is made, the Contractor shall submit evidence to the Owner that all payrolls, materials, bills, and other indebtedness connected with the Work have been made. The Owner will use best efforts to pay within thirty (30) days of receipt of an invoice for the Work accepted by the Owner. Notwithstanding, the Owner may withhold from final payment an amount equal to the value of any claims Owner reasonably has against the Contractor arising out of the Work.
Payment for Work Performed. Plan Holder will pay Contractor for services rendered hereunder at the rates set forth in “Attachment 1”. It is understood that the rates set forth in the attached tariff are subject to change by Contractor upon thirty (30) days written notice to Plan Holder. It is further understood that once the response has been initiated, Plan Holder and Contractor may mutually agree to enter into an alternative funding agreement so long as it does not impede or cause a delay in the overall response effort. Plan Holder shall pay such portion of Contractor’s invoices for services rendered hereunder and approved by the Plan Holder ’s Representative, such approval not to be unreasonably withheld or delayed, within thirty (30) days of receipt. If any amount payable under this agreement has not been paid within 7 days of the due date, then at any time thereafter the contractor shall be entitled to terminate this agreement without prejudice to the sums already due to the Contractor and to any further rights or remedies which the Contractor may have against the Plan Holder, provided always that the Contractor shall give the Plan Holder at least 3 working days written notice of its notice of its intention to exercise this right. Without prejudice to the above, in the event that payment is not timely made, the Contractor shall be entitled to interest on the unpaid balance at the rate of two percent above normal commercially available Bank lending rates. The parties intend that the provisions of this Section constitute the “funding agreement” required by 33 C.F.R. 155.4025, which shall remain in effect throughout the term hereof.
Payment for Work Performed. Owner may withhold any payments due and owing to Contractor until all Work is completed or Owner determines to permanently cease the Work and any such withheld amounts shall be subject to offset as provided in this Agreement; and
Payment for Work Performed. 7.1.1 Employees will be paid on the basis of the salary arrangement as set out in sub-clause 7.2 of this agreement. The salaries take into account and are calculated to compensate employees for all special rates, loadings, weekend, evening and all other penalties (with the exception of public holiday penalties and casual loadings as set out in sub-clause 7.4.4) and allowances that would have been payable under the Award but are not provided for in this agreement.
7.1.2 Employees will be paid on the basis of hours actually worked except where an employee is entitled to paid leave under this agreement.
7.1.3 Subject to this sub-clause 7.1, the salaries prescribed for full-time employees are set out in Attachment A to this agreement, which include the salary increases set out below.
Payment for Work Performed. 2.1.8.1 Nothing in this Agreement shall affect the right of the employer to terminate summarily the employment of any employee for malingering, inefficiency, neglect of duty or misconduct, in which case wages shall be paid up to the time of dismissal only.
2.1.8.2 Nothing in this agreement shall affect the right of the employer to deduct payment for any day or part of a day upon which any employee cannot be usefully employed because of any form of industrial action, through any breakdown of machinery, loss of essential services, unavailability of suitable raw material for processing or any other cause beyond the employers control provided that, except in the case of industrial action, the employee will not be required to remain at the employers workplace during any period of non payment.
2.1.8.3 In the event of a breakdown or other circumstances beyond the control of the employer the immediate supervisor of the affected department shall inform the affected workers as to whether there is alternative work available or not. Should an employee not attend or not perform duties as directed by his/her immediate supervisor, (except where otherwise expressly provided for in this agreement), they shall lose pay for the actual time of such non-attendance or non-performance.
Payment for Work Performed. Employee will be paid up through and including the Separation Date for all work performed on regularly scheduled pay dates at current base salary less all appropriate withholdings, including any unpaid premium deductions held in arrears. The Company also will pay Employee for all earned, unused vacation days, which shall be paid on the next regularly scheduled payday following the Separation Date or sooner, if required by law. The foregoing amounts will be paid regardless of whether Employee signs this Agreement. Employee acknowledges and agrees that upon payment of these amounts, he has been paid for all work performed, including all wages, salary, bonuses, overtime, and any earned, unused vacation due to Employee up through and including the Separation Date. Employee agrees that he is entitled to no other payments whatsoever arising out of employment with, or termination from, the Company, unless Employee agrees to the terms of this Agreement.
Payment for Work Performed. Employee will be paid up through and including the Separation Date for all work performed on regularly scheduled pay dates at his current base salary less all appropriate withholdings. The Company also will pay Employee for all earned, unused vacation days, which shall be paid on the next regularly scheduled payday following the Separation Date or sooner, if required by law. Employee acknowledges and agrees that upon payment of these amounts, he has been paid for all work performed, including all salary, bonuses, and any earned, unused vacation due to Employee up through and including the Separation Date. Employee agrees that he is entitled to no other payments whatsoever arising out of his employment with, or termination from, the Company unless otherwise expressly set forth herein.
Payment for Work Performed. Where work is performed on any of the above holidays, payment in addition to the day's pay shall be at double time with a four hour minimum.
Payment for Work Performed. The CITY shall pay the CONTRACTOR for performance of the Work in accordance with the Contract Documents in current funds based on the unit prices and lump sum amounts as submitted in CONTRACTOR’s bid, said bid being attached hereto and incorporated herein as Article 14.4 of this Contract.
Payment for Work Performed. Employee will be paid up through and including the Separation Date for all work performed on regularly scheduled pay dates at his current base salary ($790,000) less all appropriate withholdings and shall remain eligible for all Company benefits (e.g., medical, dental, etc.) through the Separation Date. Employee agrees that he is entitled to no other payments arising out of his employment with, or separation from, the Company unless otherwise expressly set forth in this First Agreement or the Second Agreement. Employee specifically understands and agrees that he shall not be eligible to participate in the Company’s Long Term Incentive Plan for 2015 and shall not accrue any 2015 vacation.
