Details of Compensation Clause Samples

Details of Compensation. The Consultant shall provide the Company with expertise and assistance in the areas generally undertaken by a Secretary/Treasurer. Such services typically include, but are not limited to: · Provide direct assistance to the BOD on financial, strategic and other business matters; · Leadership on debt and equity fund raising activities and the related negotiations; · Preparation of documentation for investor meetings; · Management of the Company and other Admin functions; · Management of reporting, both internal and external, to ensure all commitments are honoured; · Management of day to day operations, including, where necessary, the system design and implementation; · Management of statutory obligations; · Preparation of strategic/business plan and annual budgets and operating plans; · All other duties as a Secretary/Treasurer would undertake on a day to day bases

Details of Compensation. ARTIST shall be paid for completion of services satisfactorily rendered pursuant to this Agreement in accordance with the terms herein and attached Exhibits and subsequent adjustments, changes, or additions as specifically provided for in the Agreement. Such payments shall be in full compensation for artwork performed and services rendered by ARTIST and subcontractors of ARTIST, including without limitation, for all supervision, permit requirements, labor, supplies, materials, equipment, or use thereof, taxes and for all other necessary incidentals including transportation, and storage. The amount and schedule of payments to ARTIST are contained in attached Exhibit 1: Project Budget by Line Item provided that such payments shall not exceed a maximum $88,495 only to adjustments, changes, or additions as specifically provided for in this Agreement (Total Price).

Details of Compensation. Lump Sum Elements For task work order compensation elements established as lump sum, the Department may compensate the Consultant in accordance with one or more of the following methods of payment: (LS-2) The Consultant will receive progress payments for services based on the percentage of services that have been completed and accepted by the Department during the billing period. Limiting Amount/Cost Reimbursable Elements For task work order compensation elements established as limiting amounts, the Department will compensate the Consultant, subject to the total established limiting amount, for all reasonable, allocable and allowable costs incurred in the categories defined below. The reasonableness, allocability and allowability of compensation sought under this agreement is expressly made subject to the terms of this Agreement; Federal Acquisition Regulations; Office of Management and Budget Circulars ▇-▇▇, ▇-▇▇, ▇-▇▇▇, ▇-▇▇▇; and any pertinent Federal and State Law. Loaded Labor Rates – (LA-4) Labor Rates, Field Survey Services, Geotechnical, SUE and Specialty Services - Subject to the established limiting amount, the Consultant will be compensated for these services based on the rates provided in Table 6 of Section 5.0. No additional multipliers will be applied to these rates. Payment for such services will be based on approved time incurred during the billing period. Labor rates established for the following consultants are inclusive of wages, administrative overhead, and fringe benefits, Facilities Capital Cost of Money (FCCM) where applicable, direct expense rate, and Operating Margin plus Contract Duration Adjustment Factor. When authorized in advance in writing by the Department, premium overtime will be paid at the rates specified in Table 6 of Section 5.0, for employees paid premium overtime by the Consultant. Only the following firms listed in Table 6 of Section 5.0 are authorized for direct reimbursement of premium overtime: AECOM Technical Services, Inc.

Details of Compensation. Lump Sum Elements For task work order compensation elements established as lump sum, the Department may compensate the Consultant in accordance with one or more of the following methods of payment: LS1- At Completion of Task (LS-1) The Consultant will receive payment upon completion and acceptance by the Department of the subject task required under this agreement. LS-2- % of Completion of Services (LS-2) The Consultant will receive progress payments for services based on the percentage of services that have been completed and accepted by the Department during the billing period. Limiting Amount/Cost Reimbursable Elements For task work order compensation elements established as limiting amounts, the Department will compensate the Consultant, subject to the total established limiting amount, for all reasonable, allocable and allowable costs incurred in the categories defined below. The reasonableness, allocability and allowability of compensation sought under this agreement is expressly made subject to the terms of this Agreement; Federal Acquisition Regulations; Office of Management and Budget Circulars A-21, A-87, A-102, A-110; and any pertinent Federal and State Law. Direct Salaries and Wages- (LA-3) Subject to the established limiting amount, the Consultant will receive progress payments for direct salaries and wages for time/work effort expended by personnel in the performance of authorized work during the billing period, at the contract rates established in Table 5 of Section 5.0 Overhead and Fringe Benefit Rates- Administrative overhead and fringe benefit costs will be applied to approved salary and wage costs (exclusive of premium overtime) at the combined overhead rates provided in Table 5 of Section 5.0. Facilities Capital Cost of Money- The Consultant will receive compensation for allowable Facilities Capital Cost of Money (FCCM) in association with salaries. FCCM will be calculated as a percentage of chargeable direct salary and wages exclusive of premium overtime, at the rates provided in Table 5 of Section 5.0. Operating Margin- Operating margin will be applied to approved direct salary costs (exclusive of premium overtime) at the rates provided in Table 5 of Section 5.0. Direct Expense Rate- The Consultant will be compensated for direct expenses in association with salaries. Direct Expenses will be calculated as a percentage of chargeable direct salaries and wages exclusive of premium overtime, at the rates provided in Table 5 of Section 5.0....

Details of Compensation. The Consultant shall provide the Company with expertise and assistance in the areas generally undertaken by a Secretary/Treasurer. Such services typically include, but are not limited to: ● Provide direct assistance to the BOD on financial, strategic and other business matters; ● Leadership on debt and equity fund raising activities and the related negotiations;