Common use of REWARD Clause in Contracts

REWARD. 1. The Mandator commits to pay the reward in the amount of 17,460.48 euros (in words: seventeen thousand four hundred and sixty euros and forty- eight cents) to the Mandatary for proper and timely fulfilment of the Mandate according to Article 1 (1) of this Contract. 2. If the Contract is terminated in any one of the ways according to Article 5(2) of this Contract, the Mandatary is entitled to an aliquot part of the reward, the amount of which is determined by the Mandator. 3. If the Mandatary fails to fulfil any of the activities of the Mandate according to Article 1 (1) of this Contract properly and within the schedule according to Article 1 (2) of this Contract, the Mandator is authorised to reduce the reward of the Mandatary. The amount of the aliquot part of the reward according to this paragraph of the Contract is determined by the Mandator. 4. The Contracting Parties agree that the reward is due by 31 January 2023. 5. The payment of the reward will be made by the Mandator via a transfer to the bank account of the Mandatary stated in the header of this Contract. 6. The Contracting Parties agree that the Mandatary shall bear any costs incurred by them while performing the Mandate under this Contract.

REWARD. 1. The Mandator commits to pay the reward in the amount of 17,460.48 euros (in words: seventeen thousand four hundred and sixty euros and forty- eight cents) to the Mandatary for proper and timely fulfilment of the Mandate according to Article 1 (1) of this Contract. 2. If the Contract is terminated in any one of the ways according to Article 5(2) of this Contract, the Mandatary is entitled to an aliquot part of the reward, the amount of which is determined by the Mandator. 3. If the Mandatary fails to fulfil any of the activities of the Mandate according to Article 1 (1) of this Contract properly and within the schedule according to Article 1 (21(3) of this Contract, the Mandator is authorised to reduce the reward of the Mandatary. The amount of the aliquot part of the reward according to this paragraph of the Contract is determined by the Mandator. 4. The Contracting Parties agree that the reward is due by 31 January 2023. 5. The payment of the reward will be made by the Mandator via a transfer to the bank account of the Mandatary stated in the header of this Contract. 6. The Contracting Parties agree that the Mandatary shall bear any costs incurred by them while performing the Mandate under this Contract.