Compensation Basis Clause Samples

Compensation Basis. 8.1.1. The CM shall receive compensation for its services in accordance with Paragraph 8.2
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Compensation Basis. Subject to the terms of this Statement of Work and the issuance of a Purchase Order, Fort Bend County Auditor’s Office will pay Consultant on a time and material expended basis for the services performed hereunder. Consultant represents that all services under this Statement of Work can be provided for an amount not to exceed the sum of $54,808.
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Compensation Basis a. Medical payments b. Temporary total disability i. becomes “totally disabled” because of a covered accident within 14 consecutive days of such accident, and ii. is “totally disabled” for a period less than 365 consecutive days, the Insurer will pay the “employee” a sum equivalent to the least of: (a) the “weekly net earnings” multiplied by the number of consecutive weeks the “employee” is “totally disabled”; or (b) the “weekly net earnings” multiplied by the number of consecutive weeks shown for this form on the “Policy Declarations” as the Maximum Temporary Disability Period. c. Permanent total disability i. becomes “totally disabled” because of a covered accident within 14 consecutive days of such accident, and ii. is “totally disabled” for a period exceeding 364 consecutive days, the Insurer will pay the “employee”, in addition to the payments already made under II. A. 3. a. and b., a sum equivalent to the “weekly net earnings” multiplied by the number of consecutive weeks shown for this form on the “Policy Declarations” as the Maximum Permanent Disability Period.
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Compensation Basis. As compensation for Consultant’s services, Consultant will receive the following: (A) during each of the first six months of Consultant’s continuous service under this Agreement, a monthly retainer equal to $40,000 + Hawaii GET; (B) during each of the seventh through twelfth month of Consultant’s continuous services under this Agreement, a monthly retainer equal to $10,000 + Hawaii GET; and (C) all restricted stock awards previously granted to Consultant during the term of his continuous service as an employee of Hoku, which remained outstanding as of March 31, 2010 (“Consultant’s Stock Awards”), shall continue to vest in accordance with their terms as long as Consultant continues to provide services to Hoku pursuant to this Agreement. All monthly retainers shall be due and payable on the first business day of each calendar month. In addition, Hoku shall reimburse Consultant for up to $2,000 per month in out-of -pocket travel and other expenses incurred by Consultant in performing the Services. Any amount in excess of $2,000 shall require the preapproval of the CEO. Airline tickets, as required, shall be approved by the CEO, and purchased directly by Hoku. Hoku Initials /s/SP 3/1/2010 Consultant Initials /s/DS 3/1/2010
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Compensation Basis. 4.1 The energy supplied during a period of Emergency Assistance shall be returned to the Supplier at the rate of 1.2 KWH for each KWH supplied during the Emergency. The conditions in which the energy supplied shall be returned shall be agreed upon by the system operators of both Parties, considering the following: a) Energy supplied between 0700 and 2300 hours, time of Ciudad ▇▇▇▇▇▇, shall be returned between 0700 and 2300 hours, time of Ciudad ▇▇▇▇▇▇. b) Energy supplied on days between Monday and Friday inclusive shall be returned on days between Monday and Friday inclusive. c) Energy supplied on Saturday or Sunday shall be returned on Saturday or Sunday. 4.2 If the Receiver of Emergency Assistance service does not return the energy supplied within a period of fifteen (15) calendar days from the beginning of the Emergency Assistance, then the Receiver shall pay the Supplier for the energy not returned an amount to be deter­mined on the basis of 120% of the Unitary Incremental Energy Cost of the Supplier incurred in supplying such energy. In determining which KWH will be billed by the Supplier to the Receiver, it is agreed that the first KWH supplied in Emergency Assistance shall be the first KWH which the Receiver must return. 4.3 In the event that this Interchange Service A is terminated, the obligations of the Parties with respect to compensation not paid shall continue in effect until they have been fulfilled. EL PASO ELECTRIC COMPANY COMISION FEDERAL DE ELECTRICIDAD
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Compensation Basis. The Supplier shall ▇▇▇▇ and the Receiver shall pay for the agreed upon amounts of Short-Term Firm Capacity and for the Associated Energy received, based on the following charges:
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Compensation Basis. 4.1 At the end of each month during the term of this Interchange Service C, a Party supplying Economy Energy during that month shall ▇▇▇▇ the Receiver, and the Receiver shall have the option to pay for such Economy Energy provided hereunder in USA dollars or by the return of energy in accordance with this Section 4. Payments shall be made in accordance with the provisions of Section 9.2 of the Interchange Agreement. 4.1.1 In the event the Receive elects to return energy to the Supplier as payment for Economy Energy, then the Receiver shall return such energy at a rate equal to 120% of the Unitary Incremental Energy Cost of the supplier. 4.1.2 In the event the Receiver elects to pay in USA dollars (i) all or any portion of the monthly billing or (ii) all or any portion of the balance in the Open Account established pursuant to Section 4.2.1, then the Receiver shall pay for such Economy Energy at a rate equal to 115% of the Unitary Incremental Cost of the Supplier. 4.1.3 In the event the Receiver has not made payment for any portion of the Economy Energy provided by the Supplier within five (5) months following the date a monthly billing hereunder becomes due, then the Receiver shall pay for any remaining portion of that monthly billing in USA dollars at a rate equal to 120% of the Unitary Incremental Energy Cost of the Supplier. 4.2 On or before the date a monthly billing hereunder becomes due, the Receiver shall (i) pay the amount of such billing in USA dollars or (ii) give written notice from the Receiver's member on the Coordination Committee to the Supplier that it elects to compensate the Supplier with energy deliveries in accordance with the provisions of this Section 4; provided, however, that such election may not be made for more than $500,000 (five hundred thousand) USA dollars during any month or for an amount which would cause the balance in the Open Account described in Section 4.2.1 to exceed $2,000,000 (two million) USA dollars. These limits may be modified periodically by written agreement of the Coordination Committee. 4.2.1 An Open Account will be established in which the Parties shall enter the value, in USA dollars, of all monthly ▇▇▇▇▇▇▇▇ which were not paid when due and in which a Receiver has made the election to return energy as provided by Section 4.1.1 herein. Each Party will also enter into the Open Account all payments made by either Party, whether in USA dollars or by return of energy, in partial or total settlement of the outst...
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Compensation Basis. As compensation for Consultant’s services, all director stock options previously granted to Consultant during the term of his service on Hoku’s Board of Directors, which remained outstanding as of Consultant’s last day of service on Hoku’s Board of Directors (“Consultant’s Stock Options”), shall continue to vest in accordance with their terms as long as Consultant continues to provide services to Hoku pursuant to this Agreement. Consultant shall receive no cash or other compensation from Hoku for Consultant’s services; provided, however that Hoku shall reimburse Consultant for all pre-approved out-of -pocket expenses incurred by Consultant in performing the Services.
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Related to Compensation Basis

  • Compensation Table Attachment C of each Approved Service Order is a compensation table setting forth the manner in which the City will pay the Maximum Service Order Compensation (“Compensation Table”). Each Compensation Table is subject to the terms and conditions set forth below in Subsections 10.4 through 10.7.

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

  • Base Compensation During the time that Executive is an employee of the Company, the Company shall pay to Executive a base salary (the “Base Salary”) of $333,000 per annum, payable in regular installments in accordance with the Company’s usual payment practices. The Base Salary shall be reviewed by the Board of Directors’ Compensation Committee during the term of this Agreement and adjusted accordingly at the discretion of the Compensation Committee.