The Compensation Clause Samples

The Compensation clause defines the payment terms and amounts that one party will provide to the other in exchange for goods, services, or other contractual obligations. Typically, this clause outlines the specific rates, payment schedules, and any conditions or milestones that must be met for payment to be made. By clearly establishing how and when compensation is to be delivered, this clause ensures both parties understand their financial rights and obligations, reducing the risk of disputes over payment.
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The Compensation. As of the first capital raising round of the Company, $6,000 /month
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The Compensation. On Assignment, Inc. agrees to pay ▇▇▇▇▇▇▇▇▇ & Company, Inc. the sum of $60,000 per year, billable in monthly installments of $5,000 per month plus all approved out-of-pocket expenses. For this, ▇▇▇▇▇▇▇▇▇ & Company, Inc. will make available an average of five (5) days per month to work exclusively on On Assignment business. It is expressly understood that the work will be done in Canada but presented in the U.S. as needed. Furthermore, travel time will not be charged to the client's offices in Calabasas and Cincinnati, but will be charged to any third party location ▇▇▇▇▇▇▇▇▇ & Company is required to visit in order to executive its mandate.
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The Compensation. The Scheme is for LOSS OF YIELD of sugar beet arising as a result of, or mainly caused by VIRUS YELLOW. The scheme is not intended to cover losses caused by other events such as germination failure, failure to establish or crop damage caused by incorrect spray application, wind blow, capping, flooding, hail or frost damage as further detailed in 5(1) below. Any crop loss from any of the above or which is covered by separate Frost Insurance will be excluded from the LOSS OF YIELD calculation.
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The Compensation reimbursement and Warrants described in this paragraph shall be the only amounts due or payable to the Individual for consulting services provided under this Agreement.
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The Compensation. The Bank agrees to pay Agency $150.00 per each Bank customer (or customer group) to whom Agency provides defined counseling services resulting in a contact with the Bank (for purposes of this agreement, a customer group refers to the situation in which more than one customer is liable for the same mortgage loan). The Bank shall also pay Agency an additional $350.00 for each completed loan modification of each customer or customer group. Each party shall bear its own expenses in administering this Agreement. Additionally, each party shall be responsible for any liability arising from its own conduct and retain immunity and all defenses available to them pursuant to federal and state law. Date Chief Executive Officer Bank I. Defined Counseling Services A. Communication and counseling with Bank customer or customer group and explanation of loan modification program and, as appropriate, other options that may be available through the Bank. B. Discussion with customer or customer group, including as needed for customer, “walking through” the Bank website or other information sources. C. Consultation with Bank customer or customer group that results in a communication with a specific Bank call center or loan modification representative. The communication must include customer or customer group submission of income information to the Bank to allow the Bank to make an eligibility determination. The Bank will pay the Agency $150.00 for completion of all of these defined counseling services for each customer or customer group.
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The Compensation. Base: $250,000 per year, paid in monthly installments
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The Compensation. Texas Department of Transportation SH 99 Grand Parkway Project June 19July 2, 2012 45 RFP Addendum 1 2 Development Agreement payable by the Utility Owner to Developer for a Utility Owner Project shall be determined in a manner acceptable to both Developer and the Utility Owner. 6.8.2.4 Developer is fully responsible for coordinating its efforts with Utility Owners and for addressing requests by Utility Owners that Developer design and/or construct Utility Enhancements. Any Betterment performed as part of a Utility Adjustment, whether by Developer or by the Utility Owner, shall be subject to the same standards and requirements as if it were a necessary Utility Adjustment, and shall be addressed in the appropriate Utility Agreement. Under no circumstances shall Developer proceed with any Utility Enhancement which is incompatible with the Project or which cannot be performed within the other constraints of applicable Law, the Governmental Approvals and the Contract Documents, including the Completion Deadlines. Under no circumstances will Developer be entitled to any Price increase or time extension hereunder as the result of any Utility Enhancement, whether performed by Developer or by the Utility Owner. Developer may, but is not obligated to, design and construct Utility Enhancements. Developer shall promptly notify TxDOT of any requests by Utility Owners which Developer considers to be Betterments, and shall keep TxDOT informed as to the status of negotiations with Utility Owners concerning such requests. Developer shall provide TxDOT with such information, analyses, and certificates as may be requested by TxDOT in order to determine compliance with this Section 6.8.3.
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Related to The Compensation

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Employees and Compensation Schedule 3.11 contains a true and complete list as of the date of this Agreement of all employees of the Seller engaged in the Intermittent Testing Business (collectively, the "Employees") and a description of all compensation arrangements affecting them, including all written or oral employment agreements, all accrued vacation and other obligations that have accrued as of the date of this Agreement, such schedule to be updated prior to the Closing pursuant to Section 5.12. Except as set forth in Schedule 3.11, all Employees of the Seller are employed "at will" and may be terminated at any time with or without cause, without payment of additional compensation beyond accrued salary and vacation, and with no more than two weeks notice. There is no organized labor strike, dispute, slowdown or stoppage, collective bargaining or unfair labor practice claim, union representation question or arbitration or grievance proceeding, (collectively, "Labor Matters"), pending, or to the knowledge, of the Seller threatened, against or affecting the Seller. Schedule 3.11 lists each Labor Matter that involves a claim or potential claim against, or that enjoins or compels or seeks to enjoin or to compel any activity by the Seller with respect to the Intermittent Testing Business. The Seller is and has been in compliance in all material respects with all applicable laws respecting employment and employment practices, terms and conditions of employment and wages and hours, including, without limitation, any such laws respecting employment discrimination, occupational safety and health, and unfair labor practices. There is no unemployment discrimination or unfair labor practice charge or complaint against the Seller pending or, to the knowledge of the Seller, threatened before the National Labor Relations Board, Office of Federal Contract Compliance Programs, U.S. Equal Employment Opportunity Commission, or any comparable state, local or foreign agency. The Seller has not experienced any material work stoppage in the last 18 months. The Seller is not delinquent in payments to any of its Employees for any wages, salaries, commissions, bonuses or other compensation for any services performed by them or amounts required to be reimbursed to such Employees. Upon termination of the employment of any of the Employees of the Seller before or after the Closing Date, neither the Purchaser, or except as set forth in Schedule 3.11, the Seller, will be liable to such employees for severance pay. The Seller is not a party to or bound by any collective bargaining agreements.

  • Severance Compensation In the event (i) Employee terminates this Agreement for Good Reason in accordance with Paragraph 11.3 hereof; (ii) Employee is terminated for any reason (except death or disability) upon, or within six months following, a "Change in Management or Control (as such term is defined in Paragraph 11.5 hereof);" or (iii) Employee is terminated without Cause, the Company shall be obligated to pay severance compensation to Employee in an amount equal to his salary compensation (at the rate payable at the time of such termination) for a period of six (6) months from the date of termination. Notwithstanding the foregoing, if Employee is employed by a new employer, or as a consultant after the termination of this Agreement, the severance compensation payable to Employee hereunder shall be reduced by the amount of compensation that Employee actually receives from the new employer, or as a consultant. However, Employee shall have a duty to inform the Company that he has obtained such new employment, and the failure to do so is a material breach of this Agreement. In such event, the Company shall be entitled to (i) cease all payments to Employee under this Paragraph 11.4; and (ii) recover any unauthorized payments to Employee in an action for breach of contract. Notwithstanding anything else in this Agreement to the contrary, solely in the event of a termination upon or following a Change in Management or Control, the amount of severance compensation paid to Employee hereunder shall not include any amount that the Company is prohibited from deducting for federal income tax purposes by virtue of Section 280G of the Internal Revenue Code of 1986, as amended, or any successor provision. In addition to the foregoing severance compensation, the Company shall pay Employee (i) all compensation for services rendered hereunder and not previously paid; (ii) accrued vacation pay; and (iii) any appropriate business expenses incurred by Employee in connection with his duties hereunder and approved pursuant to Section 4 hereof, all through the date of termination. Employee shall not be entitled to any bonus compensation, whether vested or unvested; or any other compensation, benefits or reimbursement of any kind.

  • Compensation of Officers The officers shall be entitled to receive compensation from the Company as determined by the Board.