Determination of Remuneration Clause Samples

Determination of Remuneration. The basis for determining remuneration shall be based on 4 (four) different methods, which are not necessarily mutually exclusive, namely: • Fee based on the cost of works. • Separate payment for services that are additional to those provided for in the normal fee-based calculation. • Time based fees; and • Reimbursable expenses. a) Fee determination The determination of fees will be based on different construction work types, i.e. road works, structures and other works. The estimated cost of construction for each work type is provided by the Client. This cost of works is a forecasted estimate escalated to the planned commencement date of the works contract (excluding contingencies, CPA during the construction period and VAT). Where a full service is not required, or the commencement date of the works contract is unknown the forecasted cost of the works will be escalated to the completion date of the service. There will be no escalation for the first 12 months of the award and thereafter escalation will be governed by the Board Notice and in the case of secondments by CPI plus 1%. The remuneration payable shall be based on the tables below, depending on the type of service required. (a) Remuneration payable Section Stage Road Works, Structures, Other
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Determination of Remuneration. The basis for determining remuneration shall be based on 4 (four) different methods, which are not necessarily mutually exclusive, namely: • Fee based on the cost of works. • Separate payment for services that are additional to those provided for in the normal fee-based calculation. • Time based fees; and • Reimbursable expenses. a) Fee determination The determination of fees will be based on different construction work types, i.e. road works, structures and other works. The estimated cost of construction for each work type is provided by the Client. This cost of works is a forecasted estimate escalated to the planned commencement date of the works contract (excluding contingencies, CPA during the construction period and VAT). Where a full service is not required, or the commencement date of the works contract is unknown the forecasted cost of the works will be escalated to the completion date of the service. The remuneration payable shall be based on the tables below, depending on the type of service required. (a) Remuneration payable Section Stage Road Works, Structures, Other
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Determination of Remuneration. If no agreement on the amount of consideration for the Shares can be reached within 4 (four) weeks following receipt of the termination notice by the remaining shareholder(s), the fair market value of the shares shall be determined by a certified Austrian auditing and tax consultancy company or by a certified Austrian auditor and tax consultant mutually agreed upon by AboveNet and RRZ (hereinafter referred to as "the Arbitration Expert"). If AboveNet and RRZ cannot agree to an arbitration expert within 14 (fourteen) days, each shall select an expert and have the price evaluated. If the two evaluations are more than 20 (twenty) % apart, an Arbitration Expert shall be appointed upon application by one of the shareholders by the President of the Vienna Chamber of Certified Accountants. The arbitration opinion by this expert shall be binding upon the respective Parties. The costs for the Arbitration Expert shall be shared by the Parties, whereby AboveNet shall pay 50% and RRZ shall pay 50%.
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Determination of Remuneration. The basis for determining remuneration shall be based on 4 (four) different methods. which are not necessarily mutually exclusive. namely: • Fee based on the cost of works. • Separate payment for services that are additional to those provided for in the normal fee-based calculation. • Time based fees; and • Reimbursable expenses. a) Fee determination The determination of fees will be based on different construction work types. i.e. road works. structures and other works. The estimated cost of construction for each work type is provided by the Client. This cost of works is a forecasted estimate escalated to the planned commencement date of the works contract (excluding contingencies. CPA during the construction period and VAT). Where a full service is not required. or the commencement date of the works contract is unknown the forecasted cost of the works will be escalated to the completion date of the service. The remuneration payable shall be based on the tables below. depending on the type of service required. C3.2 Stage 1: initiation or Prefeasibility Report Fee based C3.3 Stage 2: Concept or Feasibility Report Fee based C3.4 Stage 3 Design Development Report Fee based C3.5 Stage 4: Design Documentation Report Fee based C3.6 Stage 5: Contract Administration and Inspection Fee based C3.7 Stage 6: Handover and Closeout Report Fee based C3.8 Additional Duties. Special Services and Specialist Advice Any reimbursable expenditure C3.9 Disbursement Services Any reimbursable expenditure Table C3.1.4(b): Percentage points for phases/stages: Road Works and Structures Type of Service Initiation or Prefeasibility Concept/ Feasibility Design Development: Design Documentation Contract Administration. Handover / Close out Total Road Upgrade/Rehabilitation 5% 25% 25% 15% 25% 5% 100% Structures 5% 25% 30% 10% 25% 5% 100%
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Related to Determination of Remuneration

  • COMPENSATION OF ULTIMUS The Trust, on behalf of each Fund, shall pay for the services to be provided by Ultimus under this Agreement in accordance with, and in the manner set forth in, Schedule B attached hereto, as such Schedule may be amended from time to time. If this Agreement becomes effective subsequent to the first day of a month or terminates before the last day of a month, Ultimus’ compensation for that part of the month in which the Agreement is in effect shall be prorated in a manner consistent with the calculation of the fees as set forth above. Payment of Ultimus’ compensation for the preceding month shall be made promptly.

  • 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.

  • Distributions on Account of Separation from Service If and to the extent required to comply with Section 409A, no payment or benefit required to be paid under this Agreement on account of termination of the Executive’s employment shall be made unless and until the Executive incurs a “separation from service” within the meaning of Section 409A.

  • DETERMINATION OF BREACH AND TERMINATION OF AGREEMENT A. Prior to making a determination that the Applicant has failed to comply in any material respect with the terms of this Agreement or to meet any material obligation under this Agreement, the District shall provide the Applicant with a written notice of the facts which it believes have caused the breach of this Agreement, and if cure is possible, the cure proposed by the District. After receipt of the notice, the Applicant shall be given ninety (90) days to present any facts or arguments to the Board of Trustees showing that it is not in breach of its obligations under this Agreement, or that it has cured or undertaken to cure any such breach. B. If the Board of Trustees is not satisfied with such response or that such breach has been cured, then the Board of Trustees shall, after reasonable notice to the Applicant, conduct a hearing called and held for the purpose of determining whether such breach has occurred and, if so, whether such breach has been cured. At any such hearing, the Applicant shall have the opportunity, together with their counsel, to be heard before the Board of Trustees. At the hearing, the Board of Trustees shall make findings as to: i. whether or not a breach of this Agreement has occurred; ii. whether or not such breach is a Material Breach; iii. the date such breach occurred, if any;