Common use of Compensation for Services Provided Clause in Contracts

Compensation for Services Provided. A. Contractor will be compensated exclusively by Detroit Medical Center for authorized services rendered in accordance with the following schedule: ▇▇▇ ▇▇▇▇▇▇▇▇, Managing Director - $425/hour Senior Consultants - $375/hour Department’s contract with DMC shall require DMC to pay Contractor a retainer in the amount of $25,000 to cover fees and out of pocket expenses of Contractor. The retainer is not a substitute for DMC’s timely payment of fees and out of pocket expenses. The retainer shall be paid to Contractor before Contractor is obligated to perform any work in respect of the review. At the completion or earlier termination of the work in respect of the review, without further authorization from Department, Contractor may apply the retainer to any unpaid fees, out of pocket expenses and other charges due Contractor, and any amount of the retainer that is not required to pay Contractor’s fees, out of pocket expenses, or other charges will be refunded to DMC at such time. Department acknowledges that: (i) the retainer will not be held in a separate account and may be deposited into Contractor’s general operating account and (ii) neither DMC nor Department is entitled to any interest on the retainer. The cost of secretarial and clerical employees utilized by Contractor is part of Contractor’s agreed upon fee and such services will not be separately billed to the Department for payment by the DMC. No other additional compensation shall be allowed except by prior written permission from the Department. B. Contractor will be compensated by DMC and/or VHS for necessary travel time expended in the performance of the services covered by this Contract. Travel time will be compensated at the hourly rate of $100.00, provided that Contractor may instead bill according to the schedule above for Contract services actually performed while traveling. C. Contractor understands that an initial budget ceiling of $200,000 for services provided (not including expenses) has been established, provided that due to the nature of the services, the difficulty in estimating actual costs and the demand for services, the initial budget ceiling may be raised by the Department’s written authorization. An increase of the budget ceiling shall not affect the established hourly rates. The combined fee for services rendered (not including expenses) for Experts retained by the Department is capped at $600,000.

Compensation for Services Provided. A. Contractor will be compensated exclusively by Detroit Medical Center Buyer for authorized services rendered in accordance with delivery of SRR’s written report and opinion for the following schedule: ▇▇▇ ▇▇▇▇▇▇▇▇, Managing Director - $425/hour Senior Consultants - $375/hour Transaction (the “Opinion”). Department’s contract with DMC Buyer shall require DMC Buyer to pay Contractor a retainer in the amount of $25,000 37,500 to cover professional fees and out of out-of-pocket expenses of ContractorContractor for all Expert Services related to the Transaction prior to the delivery of the Opinion. The retainer is not a substitute for DMC▇▇▇▇▇’s timely payment of fees and out of pocket expenses. The retainer shall be paid to Contractor before Contractor is obligated to perform any work in respect of the review. At the completion or earlier termination of the work in respect of for the review, without further authorization from Department, Contractor SRR may apply the retainer to any unpaid fees, out of pocket expenses and other charges due ContractorSRR in accordance with this Agreement, and any amount of the retainer that is not required to pay ContractorSRR’s fees, out of pocket expenses, or other charges in accordance with this Agreement will be refunded to DMC Buyer at such time. Department acknowledges that: (i) the retainer will not be held in a separate account and may be deposited into ContractorSRR’s general operating account accounts and (ii) neither DMC nor Department Buyer is not entitled to any interest on the retainer. Contractor’s professional fees for all services described in this Agreement and Exhibit A hereto shall be a fixed fee of $75,000 (the “Opinion Fee”). The cost of overhead, including secretarial and clerical employees utilized by Contractor, is part of Contractor’s Opinion Fee and such services will not be separately billed to the Department for payment by Buyer. The Opinion Fee shall further include compensation for necessary travel time expended in the performance of the services covered by this Agreement. Contractor’s Expert Services will be provided in accordance with this Agreement and Exhibit A attached hereto. B. Contractor also shall be reimbursed for the out-of-pocket expenses described in Section 5. Contractor must provide receipts for all out-of-pocket expenses for which reimbursement is requested. Contractor will not be compensated for travel time expended in the performance of the services covered by this Contract. The cost of secretarial and clerical employees utilized by Contractor is part of Contractor’s 's agreed upon fee and such services will not be separately billed to the Department for payment by the DMCDepartment. No other additional compensation charges shall be allowed except by prior written permission from the Department. B. Contractor will be compensated by DMC and/or VHS for necessary travel time expended in the performance of the services covered by this Contract. Travel time will be compensated at the hourly rate of $100.00, provided that Contractor may instead bill according to the schedule above for Contract services actually performed while traveling. C. Contractor understands that an initial budget ceiling of $200,000 for services provided (not including expenses) has been established, provided that due to the nature of the services, the difficulty in estimating actual costs and the demand for services, the initial budget ceiling may be raised by the Department’s written authorization. An increase of the budget ceiling which shall not affect the established hourly rates. The combined fee for services rendered (not including expenses) for Experts retained by the Department is capped at $600,000be unreasonably withheld.

Compensation for Services Provided. A. Contractor will be compensated exclusively by Detroit Medical Center DLP for authorized services rendered in accordance with the following schedule: ▇▇▇ ▇▇▇▇▇▇▇▇, Managing Director - $425/hour Senior Consultants - $375/hour this Agreement. Department’s contract with DMC DLP shall require DMC DLP to pay Contractor a retainer in the amount of $25,000 75,000 to cover fees and out of pocket expenses of Contractor. The retainer is not a substitute for DMCDLP’s timely payment of fees and out of pocket expenses. The retainer shall be paid to Contractor before Contractor is obligated to perform any work in respect of the review. At the completion or earlier termination of the work in respect of for the review, without further authorization from Department, Contractor Expert may apply the retainer to any unpaid fees, out of pocket expenses and other charges due ContractorExpert in accordance with this Agreement, and any amount of the retainer that is not required to pay Contractorthe Expert’s fees, out of pocket expenses, or other charges in accordance with this Agreement will be refunded to DMC DLP at such time. Department acknowledges that: (i) the retainer will not be held in a separate account and may be deposited into ContractorExpert’s general operating account accounts and (ii) neither DMC nor Department DLP is not entitled to any interest on the retainer. The cost of overhead, including secretarial and clerical employees utilized by Contractor Contractor, is part of Contractor’s agreed upon fee Fixed-Fee (as defined in subsection 4.C) and such services will not be separately billed to the Department for payment by the DMCDLP. No other additional compensation shall be allowed except by prior written permission from the DepartmentDepartment provided that DLP’s maximum liability for payment of services rendered (not including expenses) by Expert is capped at $200,000. B. Contractor will be compensated by DMC and/or VHS Contractor’s fixed fee specified in subsection 4.C below includes compensation for necessary travel time expended in the performance of the services covered by this Contract. Travel time will be compensated at the hourly rate of $100.00, provided that Contractor may instead bill according to the schedule above for Contract services actually performed while travelingAgreement. C. Contractor understands that an initial budget ceiling Contractor’s services will be provided in accordance with this Agreement and Exhibit A attached hereto. The services will be performed under the supervision of ▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇ with additional support from Contractor’s employees as needed, subject to the overhead, secretarial and clerical employees provisions of subsection 4.A of this Agreement. Contractor’s professional fees for all services described in this Agreement and Exhibit A hereto shall be a fixed-fee of $200,000 150,000 (the “Fixed-Fee”). Contractor also shall be reimbursed for services provided (not including out-of-pocket expenses) has been established, provided that due to the nature of the services, the difficulty in estimating actual costs and the demand . Contractor must provide receipts for services, the initial budget ceiling may be raised by the Department’s written authorization. An increase of the budget ceiling shall not affect the established hourly rates. The combined fee all out-of- pocket expenses for services rendered (not including expenses) for Experts retained by the Department which reimbursement is capped at $600,000requested.

Compensation for Services Provided. A. Contractor will be compensated exclusively by Detroit Medical Center for authorized services rendered in accordance with the following schedule: ▇▇▇▇▇ ▇▇▇ ▇▇▇, Managing Director - $525/hour ▇▇▇▇ ▇▇▇▇▇, Director - $425/hour ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, Managing Director - $425/hour Senior Consultants ▇▇▇▇▇ ▇▇▇▇▇▇, Associate - $375235/hour Department’s contract with DMC shall require DMC to pay Contractor a retainer in the amount of $25,000 to cover fees and out of pocket expenses of Contractor. The retainer is not a substitute for DMC’s timely payment of fees and out of pocket expenses. The retainer shall be paid to Contractor before Contractor is obligated to perform any work in respect of the review. At the completion or earlier termination of the work in respect of the review, without further authorization from Department, Contractor may apply the retainer to any unpaid fees, out of pocket expenses and other charges due Contractor, and any amount of the retainer that is not required to pay Contractor’s fees, out of pocket expenses, or other charges will be refunded to DMC at such time. Department acknowledges that: (i) the retainer will not be held in a separate account and may be deposited into Contractor’s general operating account and (ii) neither DMC nor Department is entitled to any interest on the retainer. The cost of secretarial and clerical employees utilized by Contractor is part of Contractor’s agreed upon fee and such services will not be separately billed to the Department for payment by the DMC. No other additional compensation shall be allowed except by prior written permission from the Department. B. Contractor will be compensated by DMC and/or VHS for necessary travel time expended in the performance of the services covered by this Contract. Travel time will be compensated at the hourly rate of $100.00, provided that Contractor may instead bill according to the schedule above for Contract services actually performed while traveling. C. Contractor understands that an initial budget ceiling of $200,000 for services provided (not including expenses) has been established, provided that due to the nature of the services, the difficulty in estimating actual costs and the demand for services, the initial budget ceiling may be raised by the Department’s written authorization. An increase of the budget ceiling shall not affect the established hourly rates. The combined fee for services rendered (not including expenses) for Experts retained by the Department is capped at $600,000.

Compensation for Services Provided. A. Contractor The SRR Contract will be compensated exclusively by Detroit Medical Center specify a fixed-fee of $150,000(the “Fixed-Fee”) (excluding expenses reimbursable under the SRR Contract). DLP agrees to pay for authorized services rendered all compensation and reimbursement of expenses payable to the Expert in accordance with this section and the following schedule: ▇▇▇ ▇▇▇▇▇▇▇▇SRR Contract, Managing Director - provided that DLP’s maximum liability for payment of services rendered by Expert is unconditionally capped at $425/hour Senior Consultants - 200,000. B. If the contemplated transaction is terminated and/or Expert’s work is stopped by the Department, for any reason other than Expert’s material breach of its obligations under this Agreement, prior to the issuance of Expert’s written report and opinion, then Expert’s total fee for all services furnished shall be $375/hour Department’s contract with DMC shall require DMC to pay Contractor a retainer in the amount of $25,000 to cover fees and 75,000 plus out of pocket expenses incurred to date. C. Due to the nature of Contractorthe services and the difficulty in estimating actual total costs, DLP will pay a $75,000 retainer to Expert upon execution of this Contract. The Such payment shall be made promptly to avoid unnecessary delay in the performance of the Expert’s services. D. Contractor agrees that Expert is a third party beneficiary to this contract. E. DLP acknowledges that the retainer is not a substitute for DMCDLP’s timely payment of fees and out of pocket expenses. The retainer shall be paid to Contractor Expert before Contractor Expert is obligated to perform any work in respect of the review. At Expert will invoice the Department the balance of the Fixed-Fee upon issuance of Expert’s written report and opinion. The Department will send a summary invoice to DLP for the balance of the Fixed-Fee and any Expert expenses reimbursable under the SRR Contract, and DLP shall pay such invoice within 14 days after receipt. F. Subject to the provisions of subsection 4.B of this Agreement, at the completion or earlier termination of the work in respect of for the review, without further authorization from Department, Contractor Expert may apply the retainer to any unpaid fees, out of pocket expenses and other charges due ContractorExpert in accordance with the SRR Agreement, and any amount of the retainer that is not required to pay Contractorthe Expert’s fees, out of pocket expenses, or other charges in accordance with the SRR Agreement will be refunded to DMC DLP at such time. Department DLP acknowledges that: (i) the retainer will not be held in a separate account and may be deposited into ContractorExpert’s general operating account accounts and (ii) neither DMC nor Department DLP is not entitled to any interest on the retainer. The cost of secretarial and clerical employees utilized by Contractor is part of Contractor’s agreed upon fee and such services will not be separately billed to the Department for payment by the DMC. No other additional compensation shall be allowed except by prior written permission from the Department. B. Contractor will be compensated by DMC and/or VHS for necessary travel time expended in the performance of the services covered by this Contract. Travel time will be compensated at the hourly rate of $100.00, provided that Contractor may instead bill according to the schedule above for Contract services actually performed while traveling. C. Contractor understands that an initial budget ceiling of $200,000 for services provided (not including expenses) has been established, provided that due to the nature of the services, the difficulty in estimating actual costs and the demand for services, the initial budget ceiling may be raised by the Department’s written authorization. An increase of the budget ceiling shall not affect the established hourly rates. The combined fee for services rendered (not including expenses) for Experts retained by the Department is capped at $600,000.