RATE AND METHOD OF PAYMENT a. The Board agrees to make annual payments to the United States as compensation for the benefits received under this exchange Contract. This annual payment is based on the annual contract rate multiplied by the number of acre feet depleted each year. The annual contract rate is $ per acre-foot (Contract Rate). The Contract Rate for each acre-foot of exchange water will be reviewed and adjusted every 5 years applying the Construction Cost Index.
b. Each year, the Board will pay the United States a proportionate share of the annual operation and maintenance costs allocable to consumptive use for the FG Unit. This amount is equal to $3.37 per AF (O&M Assessment). This will be assessed on the amount of annual depletions that occur under Third-Party Contract. If the actual amount of depletion is different from the amount estimated for the annual payment, any adjustments will be made on the next annual billing.
c. Each year, the Board agrees to make annual payments to the United States for an Energy Savings Assessment for the additional benefits the Board receives from the elevation at Lake Xxxxxx providing reduced pumping lift energy costs. The Board agrees to pay XX percentage of the energy savings calculation amount of $ for a total annual charge of $ per AF (Energy Savings Assessment). The annual Energy Savings Assessment will be reviewed and adjusted every 5 years applying the formula for calculating the energy savings.
d. The sum of the Contract Rate, O&M Assessment, and Energy Savings Assessment multiplied by the number of AF depleted by the Board each year will be the amount of the “Annual Payment”. The first payment will be due upon written notification from the Board to Reclamation as provided in Article 4. The amount of such payment shall be based upon the extent of depletions estimated to occur in the first year based on the water supply under one or more Third-Party Contracts. Subsequent payments shall be made in advance on or before February 1 of each year thereafter so long as this contract is in effect. The Board will provide the Contracting Officer an estimate of annual depletions by December 1 of each year, based on the water supply under Third-Party Contracts and the United States will xxxx the Board by January 1 of each year based upon such estimate. The Board agrees to pay the United States within 30 days of receipt of said xxxx. If the actual amount of depletion is different from the amount estimated for the annual payment, any adjustments...
RATE AND METHOD OF PAYMENT a. The Board agrees to make annual payments to the United States as compensation for the benefits received under this exchange Contract. This annual payment is based on the annual contract rate multiplied by the number of acre-feet depleted each year. The annual contract rate is $ per AF (Contract Rate). The Contract Rate for each acre-foot of exchange water will be reviewed and adjusted every 5 years applying the Construction Cost Index.
b. Each year, the Board will pay the United States a proportionate share of the annual operation and maintenance costs allocable to the consumptive use for the FG Unit. This amount is equal to $3.37 per AF (O&M Assessment). This will be assessed on the amount of annual depletions that occur under Third-Party Contract. If the actual amount of depletion is different from the amount estimated for the annual payment, any adjustments will be made on the next annual billing.
c. The sum of the Contract Rate and the O&M Assessment multiplied by the number of AF depleted by the Board each year will be the amount of “Annual Payment”. The first Annual Payment will be due upon execution of this Contract for the amount of depletions estimated to occur in the first year, based on the quantity of water under Third-Party Contracts. Subsequent payments will be made in advance, on or before February 1 of each year, as long as this contract is in effect. The Board will provide the Contracting Officer an estimate of annual depletions by December 1 of each year, based on the quantity of water under Third-Party Contracts, and the United States will xxxx the Board by January 1 of each year based upon such estimate, and the Board agrees to pay the United States within 30 days of receipt of said xxxx. If the actual amount of depletion in any year is different from the amount estimated for the annual payment, any adjustments will be made by the United States on the next annual billing.
d. The Board’s payments made under this Contract will be credited to the Basin Fund, as required by Section 5 of the Colorado River Storage Project Act, 43 U.S.C. 620d.
RATE AND METHOD OF PAYMENT. Amount $Time and Materials/See Exhibit B per: Hour
RATE AND METHOD OF PAYMENT. Grant start-up costs (paid to Contractor due to budget delay): $144,664.00 Monthly payments of $36,166.00 effective Nov. 2023 until 6/30/26
RATE AND METHOD OF PAYMENT. As full and complete compensation for Contractor's services and for the discharge of all Contractor's obligations hereunder, BEI shall:
(a) Subject to approval of the Board of Directors or BEI's Compensation Committee, as applicable, award Contractor fifty thousand (50,000) shares of BEI common stock in exchange for services to be rendered under this Agreement, subject to the following conditions:
(i) ten thousand (10,000) of the shares of BEI common stock shall be granted outright in consideration of prior service and shall not be subject to vesting or forfeiture to BEI if this Agreement were terminated prior to the end of the Initial Term (as hereinafter defined);
(ii) forty thousand (40,000) of the shares of BEI common stock shall vest at the rate of 1,666 shares per month for 23 months with 1,682 shares vesting in the 24th month such that all 40,000 shares shall be fully vested at the end of 24 months;
(iii) the unvested shares of BEI common stock shall revert to BEI upon any termination of this Agreement prior to the end of the Initial Term;
(iv) the unvested shares of BEI common stock shall be placed in escrow with BEI and Contractor shall execute and deliver to BEI two stock assignments, duly endorsed (with date and number of shares blank), to facilitate the transfer of unvested shares of BEI upon termination of this Agreement prior to the end of the Initial Term;
(v) Contractor and BEI shall execute a stock purchase agreement containing the provisions identified above and any other terms reasonably necessary in the judgment of BEI within 21 days after the execution of this Agreement.
(b) In accordance with BEI's travel policy, reimburse Contractor for travel and other out-of-pocket costs reasonably incurred by him in the course of performing services under this Agreement; provided however, that BEI shall not be obligated hereunder unless (i) BEI has agreed in advance to reimburse such costs and (ii) Contractor provides BEI with appropriate receipts or other relevant documentation for all such costs as part of any submission by Contractor for reimbursement.
RATE AND METHOD OF PAYMENT. Quarterly reimbursement effective 10/01/23 – 9/30/26. 10/1/23 – 9/30/24 not to exceed $101,045.00 10/1/24 – 9/30/25 not to exceed $106,504.00 10/1/25 – 9/30/26 not to exceed $107,052.00
RATE AND METHOD OF PAYMENT. Payment in full of $140,000.00 upon acceptance and approval by the District.
RATE AND METHOD OF PAYMENT. (a) The Contract Total in this Settlement Contract does not include Project
RATE AND METHOD OF PAYMENT. Amount $40,000.00 per: Annual This sets forth the fees for services payable by MiraCosta College to Promineo Tech in accordance with the terms set forth in the Agreement. MiraCosta College is not responsible for meeting a minimum or maximum number of students. Promineo Tech can combine MiraCosta students with other Promineo Tech college partners to reach the minimum.
