Construction Compensation Clause Samples

Construction Compensation. If Construction Improvements are to be made to the Project, CADC shall be entitled to receive from the Venture a development fee in a sum equal to seven and one-half percent (7.5%) of hard costs up to One Million Dollars ($1,000,000.00), and five percent (5%) thereafter to be paid in accordance with the terms and provisions of the D&C Budget. Except as provided in the previous sentence or as may be otherwise approved by the Venturers, no fees or other compensation will be paid by the Venture to either Venturer for the services of such Venturer; provided, however, that the Venturers shall each be entitled to reimbursement in full for all reasonable out-of-pocket costs and expenses incurred relative to the business of the Venture; and provided further, that the Venturers' managerial salaries, benefits, general office overhead and similar expenses shall not be deemed expenses of the Venture.
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Construction Compensation. Contractor’s compensation for the Construction Services shall be as selected by checkmark below and shall be consistent with the Schedule of Values attached hereto as Exhibit C: Stipulated Sum: Total Amount $ Guaranteed Maximum Price: Total Amount $ Includes Construction Fee Amount of $ , which is based on Percentage of the Cost of the Work The General Conditions Items (as defined in the Agreement) are set forth on Exhibit D attached hereto. Time and Materials (based on the rates set forth in the Rate Schedule attached as Exhibit B) Estimated Amount: $‌ Not to Exceed: $
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Construction Compensation. If or when Princeton University exercises its option to proceed with the performance of the Work under the Construction Phase, by acceptance and execution of, in its sole discretion, either a GMP Amendment or Fixed Price Amendment, following presentations of GMP Proposals and one or more Fixed Price Proposals as required by this Contract, Design Builder shall be compensated for Design Builder’s performance of all the Work for the full construction and completion of the Project and all obligations under this Contract as provided in the executed GMP Amendment or Fixed Price Amendment, in the form attached as either Part VI of the Contract (if a GMP Amendment) or Part VII of the Contract (if a Fixed Price Amendment). (1) Any Early Work Change Orders shall be subsumed within and superseded by the GMP or Fixed Price (whichever may be accepted and executed by Princeton University in its discretion), and prior payments made thereunder shall be credited to Princeton University as payments against the GMP or Fixed Price.
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Construction Compensation. Once the Construction Improvements have commenced as contemplated hereunder, Royal Palm shall be entitled to receive from the Venture a development fee in a sum equal to seven and one-half percent (7.5%) of hard costs up to One Million Dollars ($1,000,000.00), and five percent (5%) thereafter to be paid in accordance with the terms and provisions of the D&C Budget. Except as provided in the previous sentence or as may be otherwise approved by the Venturers, no fees or other compensation will be paid by the Venture to either Venturer for the services of such Venturer; provided, however, that the Venturers shall each be entitled to reimbursement in full for all reasonable out-of-pocket costs and expenses incurred relative to the business of the Venture; and provided further, that the Venturers' managerial salaries, benefits, general office overhead and similar expenses shall not be deemed expenses of the Venture.
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Related to Construction Compensation

  • Management Compensation As compensation for your services in the management of the offering, we will pay you an amount equal to the management fee specified in the Invitation in respect of the Securities to be purchased by us pursuant to the Purchase Agreement, and we authorize you to charge our account with such amount. If there is more than one Representative, such compensation shall be divided among the Representatives in such proportions as they may determine.

  • Special Compensation The Company shall pay to the Executive a lump sum equal to three times the sum of (a) the highest per annum base rate of salary in effect with respect to the Executive during the three-year period immediately prior to the termination of employment plus (b) the Highest Bonus Amount. Such lump sum shall be paid by the Company to the Executive within ten business days after the Executive's termination of employment, unless the provisions of Section 3(e) below apply. The amount of the aggregate lump sum provided by this Section 3(c), whether paid immediately or deferred, shall not be counted as compensation for purposes of any other benefit plan or program applicable to the Executive.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • 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.

  • Final Compensation Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS prior to January 15, 2011, is based on the highest average monthly pay rate during twelve (12) consecutive months of employment. Final Compensation for an employee, who is employed by the State for the first time and becomes a member of CalPERS on or after January 15, 2011, is based on the highest average monthly pay rate during thirty-six (36) consecutive months of employment.