Compensation and Payment Terms Sample Clauses
The Compensation and Payment Terms clause defines how and when payments will be made between parties under a contract. It typically outlines the amount to be paid, the schedule or milestones for payment, acceptable payment methods, and any conditions or requirements for invoicing. For example, it may specify that payment is due within 30 days of receiving an invoice or that certain deliverables must be completed before payment is released. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment timing or amounts.
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Compensation and Payment Terms. (a) Contractor’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to Contractor for the Services performed under this Agreement is Seven Hundred Forty Thousand Eight Hundred Six and 00/100 Dollars ($740,806.00). In no event shall the amount paid by County to Contractor under this Agreement exceed said Maximum Compensation without an approved change order.
(b) Contractor understands and agrees that the Maximum Compensation stated is an all-inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.”
(c) County will pay Contractor based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Contractor shall submit to County staff person designated by the County Engineer, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30} calendar days. County reserves the right to withhold payment pending verification of satisfactory work performed.
Compensation and Payment Terms. The Client agrees to compensate the Developer for all work performed under this Agreement as outlined below (select one or both):
Compensation and Payment Terms. (a) Consultant’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to Consultant for the Services performed under this Agreement is One Hundred Ninety-Six Thousand Six Hundred Ninety-Seven and 70/100 Dollars ($196,697.70). In no event shall the amount paid by County to Consultant under this Agreement exceed said Maximum Compensation without an approved change order.
(b) Consultant understands and agrees that the Maximum Compensation stated is an all-inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.”
(c) County will pay Consultant based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Consultant shall submit to County staff person designated by the County Consultant, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30} calendar days. County reserves the right to withhold payment pending verification of satisfactory work performed.
Compensation and Payment Terms. Consultant shall be paid sixty-five dollars ($65.00) per hour starting February 1, 2008. Consultant shall invoice the Company and Company shall pay Consultant within 15 days of receipt of the invoice. Such payment shall be pro-rated should the Agreement terminated prior to the expiration of the payment period in which the Agreement terminates.
Compensation and Payment Terms. Consultant shall be paid five thousand dollars ($4,500) per month on the 1st day of each month. Such payment shall be pro-rated should the Agreement terminated prior to the expiration of the payment period in which the Agreement terminates.
Compensation and Payment Terms. 4.1 Unless expressly modified in a PO or SOW:
(a) The Services and/or the Deliverables shall be provided at the rates specified on Schedule A or as provided in any applicable PO or SOW (the “Fee(s)”), without increase during the Term or for the duration of such SOW or PO. Unless otherwise agreed to in writing, all necessary, pre-approved and reasonable travel, living and other related out of pocket expenses (“T&L Expenses”) to be incurred by Supplier shall be included within the Fee structure set forth in the applicable SOW or PO. To the extent Company agrees in writing to reimburse Supplier, Company shall reimburse Supplier for reasonable pre-approved T&L Expenses actually incurred by Supplier Personnel in accordance with Company’s then current Travel & Living policy which Supplier acknowledges can be found at the following Internet address ▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇/html/GEPolicies.htm. Supplier shall either invoice T&L Expenses separately or clearly itemize such expenses on its invoices to Company. The foregoing shall be the entire compensation to be paid to Supplier and shall be in full discharge of any and all liability in contract or otherwise with respect to all Services rendered by the Supplier and Supplier Personnel.
(b) All Fees will be paid in U.S. dollars and delivered to Supplier’s principal place of business specified in the first paragraph of this Agreement.
(c) The Fee(s) shall not include applicable transaction taxes. If Supplier is required to pay any federal, state, county, provincial or local value added, sales and use, and/or goods and services tax, or similar applicable tax(es) by law based on the Services and Deliverables provided, Supplier shall include a line item for such taxes on all invoices (identifying type and amount thereof) and shall assume sole responsibility for tracking such taxes. Supplier shall ensure that the Fees are invoiced to Company in accordance with applicable rules to allow Company to reclaim any such value added and/or similar tax from the appropriate government authority. Supplier shall timely remit to the appropriate governmental tax agency all such taxes collected from Company, or the Company Affiliate issuing and executing the applicable SOW or PO. Nothing in this Agreement, however, shall require Company to pay any payroll, franchise, corporate, partnership, succession, transfer, income, excise, profits or income tax of Supplier. In the event Company is required by applicable law, regulation or tax author...
Compensation and Payment Terms. The maximum amount payable for all products and services provided under this Agreement shall not exceed Six Hundred Fifty-Four Thousand Four Hundred Dollars ($654,400) during the Initial Term. Any additional goods or services requested by the City that would exceed the preceding maximum amount will be addressed in accordance with the Change Order Procedures. No additional goods or services will be provided unless both Parties execute a Change Order outlining the goods and services requested and the compensation agreed for such goods and services.
Compensation and Payment Terms. (a) Consultant’s fees for the Services shall be calculated at the rate(s) set forth in Consultant’s “Detailed Fee Breakdown” attached hereto as Exhibit “2.” The Maximum Compensation to Consultant for the Services performed under this Agreement is Three Hundred Ninety Nine Thousand Five Hundred Forty Eight and 00/100 Dollars ($399,548.00). In no event shall the amount paid by District to Consultant under this Agreement exceed said Maximum Compensation without an approved change order.
(b) Consultant understands and agrees that the Maximum Compensation stated is an all-inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “2.”
(c) District will pay Consultant based on the following procedures: Consultant shall submit to District two (2) original copies of invoices showing the amounts due for services performed in a form acceptable to District. Consultant may submit electronically via: ▇▇▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇. District shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. District shall pay each such approved invoice within thirty (30) calendar days.
Compensation and Payment Terms. (a) Contractor’s fees for the Services shall be calculated at the rate(s) set forth in Contractor’s Fee/Rate Schedule attached hereto as Exhibit “A” and incorporated by reference for all intents and purposes. The Maximum Compensation to Contractor for the Services performed under this Agreement is Seven Hundred Eighty Four Thousand Nine Hundred Forty Two and 00/100 Dollars ($784,942.00). In no event shall the amount paid by County to Contractor under this Agreement exceed said Maximum Compensation without an approved change order.
(b) Contractor understands and agrees that the Maximum Compensation stated is an all-inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Attachment “B.”
(c) County will pay Contractor based on the following procedures: Upon completion of the tasks identified in the Scope of Services, Contractor shall submit to County staff person designated by the County Engineer, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30} calendar days. County reserves the right to withhold payment pending verification of satisfactory work performed.
Compensation and Payment Terms. (a) S&C’s fees for the Services shall be calculated at the rate(s) set forth in Exhibit “A” attached hereto. The Maximum Compensation to S&C for the Services performed under this Agreement is One Hundred Two Thousand Five Hundred and 00/100 Dollars ($102,500.00).In no event shall the amount paid by County to S&C under this Agreement exceed said Maximum Compensation without an approved change order.
(b) S&C understands and agrees that the Maximum Compensation stated is an all- inclusive amount and no additional fee, cost or reimbursed expense shall be added whatsoever to the fees stated in the attached Exhibit “A.”
(c) County will pay S&C based on the following procedures: Upon completion of the tasks identified in the Scope of Services, S&C shall submit to County staff person designated by the Facilities Management and Planning Director, one (1) electronic (pdf) copy of the invoice showing the amounts due for services performed in a form acceptable to County. County shall review such invoices and approve them within 30 calendar days with such modifications as are consistent with this Agreement and forward same to the Auditor for processing. County shall pay each such approved invoice within thirty (30) calendar days.
(d) Accrual and payment of interest on overdue payments shall be governed by Chapter 2251 of the Texas Government Code.
(e) S&C understands and agrees that County’s obligation to make any payment(s) hereunder is dependent upon S&C’s completion of the Services in a timely, good, and professional manner and in accordance with the performance representations made in Section 25 of this Agreement. Therefore, County reserves the right to withhold payment pending verification of satisfactory work performed.