Compensation; Payment Terms Clause Samples
The Compensation; Payment Terms clause defines how and when payments will be made between parties under an agreement. It typically outlines the amount or method of calculating compensation, the schedule for invoicing and payment (such as net 30 days), and any conditions for withholding or adjusting payments, like penalties for late payment or requirements for supporting documentation. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment timing or amounts.
Compensation; Payment Terms. PuriCore will pay Inventor in accordance with the terms set forth on Exhibit B, attached hereto and fully incorporated by reference. PuriCore and Inventor acknowledge that, in exchange for mutually valuable consideration, PuriCore has previously paid a registration fee in the amount of [*] to the Vitold Bakhir Electrochemical Systems and Technologies. Neither Inventor nor any Inventor employee shall receive any royalty or other remuneration on the production or distribution of any products developed by PuriCore in connection with or based upon the Services. Inventor shall submit a monthly invoice in the amount of [*] detailing time spent on the Services to PuriCore in connection with each individual Work Order Services Form. PuriCore shall make payment to Inventor within thirty (30) days after the date on which PuriCore receives Inventor’s invoice.
Compensation; Payment Terms. 1 . (a) DPS shall pay to Cadbury a fee for each Service that is provided to DPS and its Affiliates hereunder (collectively, the “Incoming Service Fee”) and Cadbury shall pay to DPS a fee for each Service that is provided to Cadbury and its Affiliates hereunder (collectively, the “Outgoing Service Fee”). The costs for each Service (the “Costs”) shall be the actual direct cost incurred by the Providing Party in performing such Service, calculated as set forth on Schedule C, which shall include a reasonable allocation for overhead salary, wages, benefits, taxes and other expenses attributable thereto (but shall exclude, for the avoidance of doubt, any overhead expenses for branding, marketing and other similar expenses) and without any markup for profit, calculated in a manner consistent with past custom and practice of the Providing Party with respect to such Service (or Cadbury Schweppes SBS, Inc. in the case of the Services which were not historically provided by the Providing Party); provided, however, that such Costs shall be adjusted to reflect any termination or expiration of any Transition Service pursuant to Article 3 of this Agreement.
Compensation; Payment Terms. If hourly work is required SFA will bill as per the following scheduled rates: Advisor at $295. Manager at $125, Administrative at $75 per hour.
Compensation; Payment Terms. As full consideration for the Services, the District shall pay Provider the fees set forth in Schedule A. Unless expressly agreed by the Parties, all expenses incurred in the performance of the Services shall be paid by Provider. Provider will submit timesheets and invoices to District on or before the tenth (10th) day of each month for Services provided in the preceding month. District shall pay the amount set forth in the invoice within thirty (30) days of receipt. If District disputes any entries in the timesheet and/or invoice, District shall notify Provider of such dispute within fifteen (15) days of receipt of such timesheet and invoice and pay in full the undisputed portion. The Parties agree to negotiate in good faith the resolution of all such disputes in a timely manner. Failure to notify Provider within such time shall constitute a waiver by District of any objection thereto. Provider may charge interest of twelve percent (12%) per annum (or the maximum charge permitted by law, if less) to all outstanding past due amounts.
Compensation; Payment Terms. (a) As compensation to RTF for the services performed under this Agreement, CHABOT shall (i) pay RTF $85,000 which includes administrative costs. For the purpose of this Section 4(a), “Administrative Costs” shall mean any cost, direct or indirect, that supports the implementation of the contracted services. Direct costs typically include salary costs related to preparing workshop curriculum and materials and monitoring activities. Indirect costs typically include expenses for general administration of the Program (personnel, payroll, accounting, procurement, data processing, etc.).
(b) RTF shall provide to CHABOT monthly invoices in the amount of
(i) Days/dates of service
(ii) Description of services rendered
(iii) Any additional data required by CHABOT
Compensation; Payment Terms i. Subject to the terms of any Material Storage Schedule, Emergent agrees to pay, and Talecris agrees to accept payment, for all Services properly rendered during the term of this Addendum. Payment and prices shall be as set forth on the applicable Material Storage Schedule. Talecris shall be solely responsible for its expenses related to this Addendum unless otherwise expressly agreed by Emergent in writing. Such expenses are not to exceed $175 per pallet per month without the express written preapproval of Emergent, which will not be unreasonably withheld. Notwithstanding the foregoing, Emergent shall be responsible for any reasonable expenses necessarily incurred by Talecris in connection with preservation, relocation or transfer of Materials as described in Paragraph 1) b) iv) above.
ii. Emergent shall pay all undisputed amounts to Talecris net-thirty (30) days from the date of an invoice showing in reasonable detail the basis for such invoice, and the amount currently due, as set forth herein. All invoices shall be submitted in writing to Emergent as follows:
Compensation; Payment Terms. The Agreement is modified to provide that the District shall issue payment in accordance with Sections 218.70. et sq. Florida Statutes, Local Government Prompt Payment Act, after receipt of an acceptable invoice(s), inspection and acceptance of services provided in accordance with the terms and conditions of the Agreement. Any penalty for delay in payment shall be in accordance with applicable law. The payment for the services set forth herein shall only be for fiscal year 2021-2022. The District’s aggregate maximum indebtedness under the Agreement shall not exceed For this Agreement, the District’s aggregate maximum indebtedness of $159,470.00 represents payment for the annual subscription to Contractor’s online platform and two (2) days of professional development in an amount not to exceed $3,990.00. The Contractor’s online subscription shall be effective and fully functional for the District’s access and use effective July 1, 2021 through June 30, 2022. Last, the Parties understand and agree that each session of professional development delivered by Contractor to the District shall be at a cost of $1,995.00, and that one (1) “session” of professional development shall consist of a minimum of six (6) hours up to a maximum of eight (8) hours of training provided by one consultant of the Contractor within one calendar day at a District location. Upon receipt of a purchase order from the District, Contractor shall remit to the District contract administrator (identified in section 20 below) one monthly proper invoice identifying each session of professional development in such format and containing such documentation as may reasonably be required by the District (including but not limited to the date(s) of the services and sign-in sheets signed by District personnel attending each session). Such invoice shall be due and payable upon completion of the delivered professional development pursuant to a proper invoice sent to the District no more frequently than monthly. Contractor shall deliver both days of professional development to the District no later than February 28, 2022.
Compensation; Payment Terms. The Customer shall pay the fee associated with the Installation Services as determined by ▇▇▇▇▇ (the "Fee"). The Customer must pay the Fee to ▇▇▇▇▇ prior to receiving the Installation Services. ▇▇▇▇▇ shall make no refunds of the Fee for any purpose whatsoever.
Compensation; Payment Terms. Customer agrees to pay Provider an initial lump sum fee of $120,000, due and payable on or before July 1, 2025. In addition, Customer agrees to pay Provider a monthly fee in the amount of $10,000, beginning July 1, 2025, and continuing on the first business day of each successive month thereafter during the Term for access to and use of Provider Offerings. If Customer balance is not paid within thirty (30) days of the due date, Provider reserves the right to cease providing services under this Agreement until Customer brings their status to current. Provider reserves the right to alter these payment terms (on a going forward basis) in the event of repeated late payments. Customer shall pay any and all applicable federal, state and local sales, use, value added, excise, duty and any other taxes of any nature assessed on Provider Offerings.
Compensation; Payment Terms. Compensation is provided based on the three categories of Services as presented in this Agreement: Strategic Marketing Consultation,