Basis for Compensation Clause Samples

Basis for Compensation. 1.1 The not-to-exceed fee for the Final Completion of the Basic Scope of Services described in this Agreement shall be $326,663.00.

Basis for Compensation. Subject to the terms of a Work Authorization issued pursuant to subsection 3.c. below, the Authority agrees to pay, and the Consultant agrees to accept as full and sufficient compensation and reimbursement for the performance of all Services as set forth in this Agreement, hourly rates for the staff working on the assignment computed as follows: where Direct Labor Cost equals salary divided by 2080; FAR equals Consultant’s most recent audited overhead rate under 48 C.F.R. Part 31, Federal Acquisition Regulations (FAR 31); and 1.10 reflects a 10 percent (10%) profit. Representative rates computed through this methodology as of the Effective Date of this Agreement are reflected in Appendix B. Rates will be revised annually to reflect adjustments to the Direct Labor Costs and audited FAR rates; no adjustment shall be made to the specified profit percentage. The first adjustment shall be considered in January 2021. All adjustments shall be agreed to by the parties prior to implementation, and the Authority shall have the right to review and/or audit Consultant’s Direct Labor Costs and FAR rates upon written request and as provided in subsection (f) hereto. During the term of this Agreement Consultant shall provide to the Authority, prior to requesting any adjustment to rates, a copy of the report establishing a new FAR rate for Consultant. The payment of the hourly rates and allowed costs shall constitute full payment for all Services, liaisons, products, materials, and equipment required to deliver the Services.

Basis for Compensation. For the performance of the professional services of this Agreement, Consultant shall be compensated on a time and expense basis not to exceed a guaranteed maximum dollar amount of $--- ----. Labor charges shall be based upon hourly billing rates for the various classifications of personnel employed by Consultant to perform the Scope of Work as set forth in the attached Attachment B, which shall include all indirect costs and expenses of every kind or nature, except direct expenses. The direct expenses and the fees to be charged for same shall be as set forth in Attachment B. Consultant shall complete the Scope of Work for the not-to-exceed guaranteed maximum, even if actual time and expenses exceed that amount.

Basis for Compensation. Subject to the terms of a Work Authorization issued pursuant to subsection 3.c. below, the Authority agrees to pay, and the Consultant agrees to accept as full and sufficient compensation and reimbursement for the performance of all Services as set forth in this Agreement, hourly rates for the staff working on the assignment computed as follows: Direct Labor Cost x (1.0 + FAR) x 1.10 where Direct Labor Cost equals salary divided by 2080; FAR equals Consultant’s most recent audited overhead rate under 48 C.F.R. Part 31, Federal Acquisition Regulations (FAR 31); and 1.10 reflects a 10 percent (10%) profit. Representative rates computed through this methodology as of the Effective Date of this Agreement are reflected in Appendix B. Rates will be revised annually to reflect adjustments to the Direct Labor Costs and audited FAR rates; no adjustment shall be made to the specified profit percentage. The first adjustment shall be considered no earlier than one year from the Effective Date of this Agreement. All adjustments shall be agreed to by the parties in writing prior to implementation, and the Authority shall have the right to review and/or audit Consultant’s Direct Labor Costs and FAR rates upon written request and as provided in subsection 3.f. hereto. During the term of this Agreement Consultant shall provide to the Authority, prior to requesting any adjustment to rates, a copy of the report establishing a new FAR rate for Consultant. The Consultant represents that neither the auditable overhead rate nor the profit percentage used under this Agreement shall exceed the auditable overhead rate or profit percentage utilized by the Consultant in its agreement(s) with, or subcontracts for, traffic and revenue engineering services (or comparable work) for the Texas Department of Transportation, any other regional mobility authority, or any similar transportation authority in the State of Texas. The payment of the hourly rates and allowed costs shall constitute full payment for all Services, liaisons, products, materials, and equipment required to deliver the Services.

Basis for Compensation. Distributor's Fee will be paid at the percentage of premium shown above upon receipt of premium payments for contracts issued under this Schedule. Distributor's Fee will be paid as stated above provided that the Distribution Agreement is in full force and effect. Distributor's Fee for contracts issued outside AILIC's published guidelines will be negotiated by AILIC. For Issue Age 81+, Distributor's Fee are 50% of the above compensation for The Commodore Navigator Group Contract, The Commodore Americus, The Commodore Nauticus, The Commodore Advantage, The Commodore Independence, The Commodore Helmsman, and The Commodore Majesty. Maximum Issue Age is 85. For Individual Commodore Navigator contracts with Issue Ages 81-85 compensation is 60% of amounts above. For Individual Commodore Navigator contracts with Issue Ages 86-88 compensation is 50% of amounts stated above. Maximum Issue Age is 88. If exception is granted, initial purchase payment amounts less than $5,000, the following reduced Distributor's Fee schedule applies:

Basis for Compensation. 4.4.1 Unless otherwise stated in this insurance, the compensation for bodily injury will be settled in accordance with the provisions and rates of the Danish Liability In Dam- ages Act (in Danish: erstatningsansvarsloven).

Basis for Compensation. Compensation to CONSULTANT shall be as follows Being the chair for meetings as a parliamentarian( up to 5 hours) $200.00/hr Being the chair for meetings as a parliamentarian( over 5 hours) $250.00/hr Document Review $125.00/hr Discount for 3 month commitment/contract 15% off

Basis for Compensation. County shall pay Provider for collection services in accordance with Agreement Appendix H. The number of households shall be in accordance with this Agreement and the Agreement Appendix G methodology. The County shall be primarily responsible for maintaining the master count of total eligible residential households by community. The Provider may supplement this information with their own route audits to verify actual household count accuracy. Invoicing and Payment Provider shall invoice County monthly. Each invoice shall be complete and accurate, representing the actual services completed. County shall receive each invoice by the 10th day of the month for the previous month. The County will pay the invoice in net 21 days from date of invoice, excluding any discrepancies. Fuel Cost Adjustments The prices in Agreement Appendix H are based on an assumed benchmark diesel fuel cost of $3.00 per gallon. Calculations for each invoice shall begin by using the prices in Agreement Appendix H to determine the "base amount” for the invoice. The “base amount” shall be adjusted downward or upward, as follows, to account for the actual diesel fuel cost that existed the prior month. If the prior month diesel fuel cost was below $3.00 per gallon, the “base amount” shall be adjusted downward by 0.2 percent (0.2%) for every five cents ($0.05) per gallon that the diesel fuel cost was below $3.00 per gallon. If the prior month diesel fuel cost was above $3.00 per gallon, the “base amount” shall be adjusted upward by 0.2 percent (0.2%) for every five cents ($0.05) per gallon that the diesel fuel cost was above $3.00 per gallon. The adjustments to the “base amount”, as described above, will yield the “adjusted amount” that Provider will invoice County. Each invoice shall show the calculations made to obtain the "base amounts” as well as the "adjusted amounts”. The diesel fuel price adjustment for a given month shall be obtained from the website of the U.S. Energy Information Agency (EIA) (▇▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/petroleum/gasdiesel) for U.S. On-Highway Diesel Fuel Prices, Midwest (PADD2), using the first posted price of each month. Along with the invoice, a screenshot from the website showing the current diesel fuel price index for each month and the explicit method of adjustment calculation, shall be provided. Liquidated Damages, Default and Cure, and Termination Liquidated Damages This Agreement requires Provider to meet the following performance standards: Deliver quality and tim...

Basis for Compensation. Compensation for the Contractor’s Work shall be based on reimbursable costs with an applied Preconstruction Phase Multiplier.