Common use of Remuneration and Payment Clause in Contracts

Remuneration and Payment. 5.1 Unless otherwise specified in the Quotation, ReCap shall charge the Client for the Services on a time-­‐and-­‐materials basis, based on ReCap’s standard hourly rate as revised from time to time (January 2013: 1500 SEK / hour). 5.2 Any recurring remuneration amounts, such as monthly retainer fees or hourly rates, shall be revised upwards on each anniversary of the Agreement in accordance with the labour cost index AKI as published by Statistics Sweden SCB, or the current equivalent. 5.3 Unless otherwise specified in the Quotation, ReCap shall invoice the Client monthly in arrears. 5.4 Invoices under this Agreement shall be paid at the latest ten (10) days after issuance of the invoice. 5.5 For avoidance of doubt, the quotation does not include value added tax (VAT), which shall be added by ReCap and payable by the Client where required by applicable legislation. 5.6 Late payment of invoices will incur reminder fees, collection fees and interest on arrears, payable from the due date of the relevant invoice(s) in accordance with the Swedish Interest Act (1975:635), at a rate calculated as XXXXXX + 10%, or equivalent rate for currencies other than SEK.

Remuneration and Payment. 5.1 Unless otherwise specified in the Quotation, ReCap shall charge the Client for the Services on a time-­‐and-­‐materials basis, based on ReCap’s standard hourly rate as revised from time to time (January 20132014: 1500 1550 SEK / hour). 5.2 Any recurring remuneration amounts, such as monthly retainer fees or hourly rates, shall be revised upwards on each anniversary of the Agreement in accordance with the labour cost index AKI as published by Statistics Sweden SCB, or the current equivalent. 5.3 Unless otherwise specified in the Quotation, ReCap shall invoice the Client monthly in arrears, in Swedish kronor (SEK), with any foreign currency amounts converted to SEK at the prevailing rate published by Riksbanken as of the invoice date. 5.4 Invoices under this Agreement shall be paid at the latest ten twenty (1020) days after issuance of the invoice. 5.5 For avoidance of doubt, the quotation does not include value added tax (VAT), which shall be added by ReCap and payable by the Client where required by applicable legislation. 5.6 Late payment of invoices will incur reminder fees, collection fees and interest on arrears, payable from the due date of the relevant invoice(s) in accordance with the Swedish Interest Act (1975:635), at a monthly rate calculated as XXXXXX + 10of 2%, or equivalent rate for currencies other than SEK.

Remuneration and Payment. 5.1 Unless otherwise specified in the Quotation, ReCap shall charge the Client for the Services on a time-­‐and-­‐materials basis, based on ReCap’s standard hourly rate as revised from time to time (January 20132014: 1500 1550 SEK / hour). 5.2 Any recurring remuneration amounts, such as monthly retainer fees or hourly rates, shall be revised upwards on each anniversary of the Agreement in accordance with the labour cost index AKI as published by Statistics Sweden SCB, or the current equivalent. 5.3 Unless otherwise specified in the Quotation, ReCap shall invoice the Client monthly in arrears. 5.4 Invoices under this Agreement shall be paid at the latest ten (10) days after issuance of the invoice. 5.5 For avoidance of doubt, the quotation does not include value added tax (VAT), which shall be added by ReCap and payable by the Client where required by applicable legislation. 5.6 Late payment of invoices will incur reminder fees, collection fees and interest on arrears, payable from the due date of the relevant invoice(s) in accordance with the Swedish Interest Act (1975:635), at a rate calculated as XXXXXX + 10%, or equivalent rate for currencies other than SEK.