Compensation for Service Clause Samples
The Compensation for Service clause defines the payment terms and conditions for services rendered under an agreement. It typically outlines the amount to be paid, the schedule or milestones for payment, and any additional expenses or reimbursements that may be covered. This clause ensures both parties have a clear understanding of financial obligations, helping to prevent disputes over payment and ensuring fair compensation for the service provider.
Compensation for Service a) Borrowers agree to pay Company compensation for any new loan, line of credit and credit card modification to an existing loan proceeds made between Borrower and any recommended lending partner, regardless of prior relationships or accounts with the lender.
b) The Borrower acknowledges that the Consulting Fee for the Company's services is offered on a contingency basis, with no fee due unless the Borrower receives funding.
c) The Borrower agrees to pay the Company a consulting fee equal to 15% of the total funded loan amount within 24 hours of receipt of funding.
d) In the event payment under this agreement is not made at the time and in the manner required, the undersigned agrees to pay interest, all costs of collection, including attorney fees, court costs, including charges and collection agency fees.
e) Interest at the rate of 1 1/2% per month (18% per annum) will be charged on all past due balances. In the event the account is delinquent and satisfactory arrangements have not been made for payment, all legal fees, attorney fees, court costs, including charges and collection agency fee of up to 35 % of the balance assigned, with or without suit.
f) If payment is not received within the proper time frame, client understands that loans/ credit lines will be shut down and sent to collections, with entire balance being due along with appropriate collection fees. Client understands such activity will be reported to all credit bureaus.
g) Client also agrees to a consent to judgement for any or all consulting fee that is not paid (15% of total funded loans). Borrower’s Signature
Compensation for Service. 1. A PTF who serves on an M.A. or a Ph.D. Committee will receive a minimum of $125 in the semester that the M.A. Candidate completes the degree or the Ph.D. applicant becomes a Ph.D. Candidate, and another stipend of at least $125 in the semester the Ph.D. is awarded.
2. A PTF who accepts a hiring unit’s assignment to serve as an instructor of record for the independent study advising of an undergraduate capstone project or supervising an independent study Honors College Essay or Project student shall receive an additional service assignment totaling $150 for the semester that the student completes the independent student project. There shall be no additional compensation for supervising an honors student in a project undertaken as part of the PTF’s regular instructional assignment.
Compensation for Service. Customer will pay MCS on the following basis:
Compensation for Service. (1) An agency or organization to which NSSC volunteers are assigned, or which oper- ates or supervises any NSSC program, shall not request or receive any com- pensation from NSSC volunteers or from beneficiaries for services of NSSC volunteers.
(2) This section does not prohibit a sponsor from soliciting and accepting voluntary contributions from the com- munity at large to meet its local sup- port obligations under the grant; or, from entering into agreements with parties other than beneficiaries to sup- port additional volunteers beyond those supported by the Corporation grant.
(3) A RSVP volunteer station may contribute to the financial support of the RSVP Program. However, this sup- port shall not be a required pre- condition for a potential station to ob- tain RSVP volunteers.
(4) If a volunteer station agrees to provide funds to support additional vol- unteers or pay for other volunteer sup- port costs, the agreement shall be stat- ed in a written Memorandum of Under- standing. The sponsor shall withdraw services if the station’s inability to provide monetary or in-kind support to the project under the Memorandum of Understanding diminishes or jeopard- izes the project’s financial capabilities to fulfill its obligations.
(5) Under no circumstances shall a RSVP volunteer receive a fee for serv- ice from service recipients, their legal guardian, members of their family, or friends.
Compensation for Service. The SCSC will provide Contractor payments for services provided utilizing the Fee and Invoice Schedules below. The compensation provided by the SCSC under this Contract shall serve as compensation for the Contractor’s time and effort as well as payment for all related travel expenses incurred as a result of this Contract. The Contractor shall not be entitled to any other travel reimbursement from the SCSC for services provided under this Contract. The maximum amount that can be paid by the SCSC to the Contractor under this Contract shall be [Contract Amount with Contingencies] ($) unless the Contract is amended in writing under the provisions of this Contract. The SCSC shall have the right to withhold or deduct payments in the event of the Contractor's nonperformance.
Compensation for Service. As consideration for the performance of the Services, the Company shall pay Consultant a consultant's fee (the "Consulting Fee") of three hundred shares (300,000) shares of Restricted NTFU Stock. One hundred thousand (100,000) shares due at the signing of this agreement, for the Consultant's aforementioned services. One hundred thousand (100,000) shares The Company agrees that the Consultant's work, if performed, is invaluable to the direction and development of the Company's business, and recognizes that although the introductory consulting work is done during a specific time period, the tangible effects as a result of the Consultant's work may last many years past the term and scope of the agreement. As such, because there is no specific limit to the value of the services provided, the Company agrees to pay the Consulting Fee to the Consultant in accordance with the above payment schedule during the term of this agreement. The Consultant agrees in good faith to consistently provide introduction to public company resources, capital resources, investor relations resources and legal and accounting resources, on an as prioritized basis by the Company, as stated in Section
(1) for a period of six (6) months from the date of this Agreement. The Consultant agrees to provide a weekly update of all introductions and dispositions of each introduction to the Company. The Consultant agrees to take direction from the Company on an as-needed basis to further the relationships between the Company and the Entities.
Compensation for Service a) Borrowers agree to pay Company compensation for any new loan, line of credit and credit card modification to an existing loan proceeds made between Borrower and any recommended lending partner, regardless of prior relationships or accounts with the lender.
b) The Borrower acknowledges that the Consulting Fee for the Company's services is offered on a contingency basis, with no fee due unless the Borrower receives funding.
c) The Borrower agrees to pay the Company a consulting fee equal to 15% of the total funded loan amount within 24 hours of receipt of funding. CONFIDENTIAL
d) In the event payment under this agreement is not made at the time and in the manner required, the undersigned agrees to pay interest, all costs of collection, including attorney fees, court costs, including charges and collection agency fees.
e) Interest at the rate of 1 1/2% per month (18% per annum) will be charged on all past due balances. In the event the account is delinquent and satisfactory arrangements have not been made for payment, all legal fees, attorney fees, court costs, including charges and collection agency fee of up to 35 % of the balance assigned, with or without suit.
f) If payment is not received within the proper time frame, client understands that loans/ credit lines will be shut down and sent to collections, with entire balance being due along with appropriate collection fees. Client understands such activity will be reported to all credit bureaus.
g) Client also agrees to a consent to judgement for any or all consulting fee that is not paid (15% of total funded loans). Borrower’s Signature
Compensation for Service. A stipend not to exceed $2000 will be provided to the Consulting Teacher.
Compensation for Service. As consideration for the performance of the Services, the Company shall pay Consultant a consultant's retainer fee (the "Consulting Fee") of one million five hundred thousand shares (1,500,000) shares of Restricted ABCE Stock due at the signing of this agreement, for the Consultant's aforementioned services. The Consultant agrees in good faith to consistently provide introduction to public company resources, capital resources, investor relations resources and legal and accounting resources, on an as prioritized basis by the Company, as stated in Section (1) for a period of six (6) months from the date of this Agreement. The Consultant agrees to take direction from the Company on an as-needed basis to further the relationships between the Company and the Entities.
Compensation for Service. The compensation for the operation and maintenance of the Equipment performed by DME will be on a time and material basis consistent with Schedule 1 to this Exhibit. The rates in Schedule 1 shall be changed every two (2) years beginning on January 1 of any Extension Term to be reflective of the labor and vehicle rates actually incurred by Seller.