Lump Sum Fee definition

Lump Sum Fee means the non refundable lump sum of [**]
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Lump Sum Fee has the meaning given to it in Clause 7.1;
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Lump Sum Fee means the fee to be paid pursuant to clause 4 and set out in Schedule 2.
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Examples of Lump Sum Fee in a sentence

  • The Design-Builder’s Fee and the Construction Contingency shall be eliminated from the Construction Budget and, to the extent they have been paid, shall be included in the Lump Sum Fee.

  • The CM/GC’s Fee and the Construction Contingency shall be eliminated from the Construction Budget and, to the extent they have been paid, shall be included in the Lump Sum Fee.

  • As with the Cost Plus Net Fee, the consultant is expected to complete the work as scoped at the fee stated, and the only method of revising the Lump Sum Fee is through a change in the Scope of Work.

  • The Basic Lump Sum Fee is a sum calculated by multiplying the agreed upon fee percentage, %, times the Fixed Limit of Construction Cost, regardless of what the actual Construction Cost may turn out to be.

  • Note: The language highlighted below is to be used in DRAFT versions of the SOPD only for purposes of calculating the Basic Lump Sum Fee.

  • The Basic Lump Sum Fee will fully compensate the Design Professional for all Basic Services required by this Agreement.

  • Unless otherwise indicated on the Schedule of Project Details, the cost of all such services and Sub-consultants will be included in the Basic Lump Sum Fee and at no additional cost to the Owner.

  • Payment of the Lump Sum Fee and reimbursables shall be made by the CLIENT according to the schedule and upon completion of work as shown in Exhibit 2.

  • The CLIENT agrees to pay the CONSULTANT a Lump Sum Fee according to Exhibit 2 of this Agreement.

  • Unless otherwise indicated on the Schedule of Project Details, the cost of all such services and Sub-consultants shall be included in the Basic Lump Sum Fee and at no additional cost to the Owner.


More Definitions of Lump Sum Fee

Lump Sum Fee means a firm fee which is fixed for the period of time defined in the Contract subject to modification according to the Contract;
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Lump Sum Fee means that part of the Fee payable by the Client as a lump sum.
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Related to Lump Sum Fee

  • Lump Sum Payment means a single payment that is not anticipated to continue.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Monthly Benefit means the monthly amount payable by Lincoln to you if you are Disabled or Partially Disabled.

  • Termination Benefit means the benefit set forth in Article 7.

  • Retirement Benefit means the benefit set forth in Article 5.

  • lump sum payment period means the period measured in weeks of salary, for which payment has been made to facilitate the transition to retirement or to other employment as a result of the implementation of various programs to reduce the size of the Public Service. The lump sum payment period does not include the period of severance pay, which is measured in a like manner.

  • Actuarial equivalent means a benefit of equal value when

  • SERP Benefit means the benefit described in Section 5.1.

  • Last Monthly Benefit means the gross Monthly Benefit payable to the Insured Employee immediately prior to death. Any reductions for Other Income Benefits, or for earnings the Insured Employee received for Partial Disability Employment, will not apply.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Early Termination Fee has the meaning set forth in Section 7.2.

  • Supplemental Retirement Benefit means the benefit determined under Article V of this Plan.

  • Late Payment Fee means the excess of the Price Differential paid as a result of its calculation at the Post-Default Rate over the Price Differential as would have been calculated at the Pricing Rate.

  • Annual Benefit means an annual sum of fifty thousand dollars ($50,000) multiplied by the Applicable Percentage (defined below) and then reduced to the extent required: (i) under the other provisions of this Agreement; (ii) by reason of the lawful order of any regulatory agency or body having jurisdiction over the Employer; and (iii) in order for the Employer to properly comply with any and all applicable state and federal laws, including, but not limited to, income, employment and disability income tax laws (eg., FICA, FUTA, SDI).

  • relevant benefit means any benefit specified in paragraph 21(2); and

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Normal Retirement Benefit means the benefit described in Section 2.1.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • referral fee means any form of compensation, direct or indirect, paid for the referral of a client to or from a registrant.

  • Projected Annual Benefit means the Annual Benefit as defined in subsection (2) above, to which the Participant would be entitled under the terms of the Plan assuming: (A) the Participant will continue employment until the Normal Retirement Date under the Plan (or current date,if later) and (B) the Participant's Compensation for the current Limitation Year and all other relevant factors used to determine benefits under the Plan will remain constant for all future Limitation Years.

  • Actuarially Equivalent or "of equal actuarial value" means a benefit of equal value

  • Distribution Fee means a percentage of MRP of each of the Subscribed Channels payable by SDSPL to the Licensee towards fee for distribution of each of the Subscribed Channels as more specifically specified in Annexure B and Annexure B-1 of this Agreement.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Enrolment Fee means the fee paid by the Parent(s)/Guardian(s) to cover all the administrative costs involved in enrolling a Student at the School. It is not refundable, and it is not offset against any other fees.

  • Company Termination Fee has the meaning set forth in Section 7.3(a).

  • Change in Control Benefit means the benefit set forth in Section 4.1 below.