Lump Sum At End Clause Samples

The "Lump Sum At End" clause stipulates that a single, total payment will be made at the conclusion of a contract or project, rather than through periodic or milestone-based payments. In practice, this means the party providing goods or services completes all required work before receiving any compensation, with the full agreed-upon amount paid only after final delivery or completion. This clause is commonly used to incentivize completion and ensure that all contractual obligations are met before payment is released, thereby reducing the risk of incomplete performance for the paying party.
Lump Sum At End. Spread in equal installments as though over the Contract Year option, with a lump sum in June for the balance (19 + 1 pays)

Related to Lump Sum At End

  • Lump Sum The Change Order cost is determined by mutual agreement as a lump sum amount changing the Contract Sum allowed for completion of the Work. The Change Order shall be substantiated by documentation itemizing the estimated quantities and costs of all labor, materials and equipment required as well as any ▇▇▇▇-up used. The price change shall include the cost percent allowed for the Contractor's overhead and profit and, if eligible, Time Dependent Overhead Costs.

  • Lump Sum Payments The retiring allowance shall be paid in annual instalments, to a maximum of three

  • Lump Sum Payment If an individual JOC Task Order is scheduled for Completion within forty-five (45) days or less, the County will make one payment after thirty (30) days of Work to the Contractor, exclusive of retention. Contractor may request for one payment (including retention payment); however, payment will be made after Final Acceptance of the JOC Task Order.

  • Survivor Benefit Upon the death of a regular employee who leaves a spouse and/or dependants enrolled in the Medical Services Plan, Dental Plan and Extended Health Benefit Plan, such enrolment may continue for twelve (12) months following the employee’s death, provided the enrolled family members pay the employee’s share of the cost of the premium for the plans. The Employer shall advise the survivor of this benefit.

  • Early Termination Benefit If Early Termination occurs, the Bank shall distribute to the Executive the benefit described in this Section 2.2 in lieu of any other benefit under this Article.