Maximum Amount of Compensation Clause Samples
The Maximum Amount of Compensation clause sets a cap on the total financial liability or compensation that one party may be required to pay to the other under the contract. Typically, this clause specifies a fixed sum or a formula for calculating the upper limit, and it applies to claims arising from breaches, damages, or other liabilities. By establishing a clear ceiling on compensation, the clause provides predictability and limits financial exposure, thereby protecting parties from potentially unlimited or disproportionate claims.
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Maximum Amount of Compensation. The total grant amount (“Grant Award”) awarded to GRANTEE shall not exceed $86,918. The Grant Award shall be used and expended by GRANTEE for the purposes specified in this AGREEMENT and for no other purposes. The Grant Award shall be disbursed to GRANTEE as follows:
a) CITY shall pay GRANTEE, following execution of this Agreement and the beginning of the term of this Agreement, 80 percent of the Grant Award, rounded to the nearest dollar;
b) No sooner than May 15, 2022 or three months before the end of this Agreement, whichever is later, CITY shall pay GRANTEE the remainder of the Grant Award. City shall not make any payment of the Grant Award unless GRANTEE has:
(1) paid all of its outstanding debts due to City or City's subcontractors, or both, in consideration of GRANTEE's use of City's property and/or facilities and services;
(2) fulfilled all provisions of the Arts Grant Agreement of the fiscal year 2020-21 (if applicable), including compiled, reviewed or audited financial report for FY2019-20 or CY2020, as noted in its grant application; and completed submission of all required attachments for the 2021-22 Operating Grant Application.
Maximum Amount of Compensation. CITY agrees to compensate CONTRACTOR for workshop services provided to WIOA enrolled adults and dislocated workers during the term of this AGREEMENT. Compensation shall be apportioned as follows:
Maximum Amount of Compensation. CITY agrees to pay GRANTEE the COMPENSATION AMOUNT subject to the terms and conditions of this AGREEMENT. . Invoice for 50% of the payment will be submitted 1 to 7 business days from the date of execution of this AGREEMENT.
Maximum Amount of Compensation. The total grant amount (“Grant Award”) awarded to GRANTEE shall not exceed $5,500 or 50 percent of the expense of the Event, whichever is less. The Grant Award shall be used and expended by GRANTEE for the purposes specified in this AGREEMENT and for no other purposes. The Grant Award shall be disbursed to GRANTEE as follows:
1. CITY shall pay GRANTEE, upon execution of this AGREEMENT and subject to the conditions in this EXHIBIT, the full Grant Award of $5,500. GRANTEE shall expend the Grant Award for expenses related to the Event and not for any previous year’s deficit, or for administrative costs unrelated to the Grant Plan or for any capital equipment purchase. ▇▇▇▇▇▇▇ agrees that if ▇▇▇▇▇▇▇ uses the Grant Award for any previous year’s deficit, administrative costs unrelated to Exhibit A: Scope of Services or for any capital equipment purchase, GRANTEE shall be in breach of this AGREEMENT. ▇▇▇▇▇▇▇ agrees to reimburse CITY for these expenditures on demand of CITY.
2. If total documented expenses of the Event Report are under 50 percent of the total cost of the Event, GRANTEE shall return to the CITY any amount received in excess of 50 percent of the total cost of the event.
Maximum Amount of Compensation. In the event of damage to transported property, the insurance provides maximum compensation up to the selected compensation level as shown in the table below. The selected level of compensation applies in total to all damage caused to the insured property during transport. You can see how we settle and value damaged property under paragraph 9 and 10. Small 150 EUR Medium 500 EUR Large 1 000 EUR
Maximum Amount of Compensation. The Contractor’s liability for all damage, losses, costs and expenditure in the Engagement is limited to the higher of either two (2) times the agreed fee for the Engagement under the En- gagement Contract or ten (10) times the price base amount according to the Social Insurance Code (2010:110) which applied when the En- gagement Contract was entered into. For En- gagements which have been running for a longer period than twelve (12) months, the agreed fee for the Engagement shall be constituted by the average annual fee. The average annual fee is the total fee paid for the services during the engage- ment period, divided by the number of months which have elapsed during the engagement peri- od, multiplied by twelve. The engagement period is the time from the start of the Engagement to the time of the circumstance upon which the Client bases its legal action. The limitation does not, however, apply if it is shown that the Con- tractor has caused the damage through wilful or gross negligence.
Maximum Amount of Compensation. To the extent that the seller might be considered liable according to the above terms of sales and delivery, the buyer may not claim compensation higher than the equivalent of the purchase price of the service in question.
Maximum Amount of Compensation. 15.6 The Contractor’s liability for all damage, losses, costs and expenditure in the Engagement is limited to the higher of either two (2) times the agreed fee for the Engagement under the Engagement Contract or ten (10) times the price base amount according to the Social Insurance Code (2010:110) which applied when the Engagement Contract was entered into. For Engagements which have been running for a longer period than twelve (12) months, the agreed fee for the Engagement shall be constituted by the average annual fee. The average annual fee is the total fee paid for the services during the engagement period, divided by the number of months which have elapsed during the engagement period, multiplied by twelve. The engagement period is the time from the start of the Engagement to the time of the circumstance upon which the Client bases its legal action. The limitation does not, however, apply if it is shown that the Contractor has caused the damage through wilful or gross negligence. Remuneration will only be issued in accordance with this paragraph. Pricereductions or other penalties cannot be issued.
Maximum Amount of Compensation. CITY agrees to pay CONTRACTOR the COMPENSATION AMOUNT on the SECOND REVISED SUMMARY PAGE at the beginning of this AGREEMENT subject to the terms and conditions of this AGREEMENT. This AGREEMENT is a combination reimbursement and fee for services agreement. Compensation shall be apportioned as follows. No Payments will be made for the period of September 1, 2020 through September 30, 2020 for expenses allocable to client services. This AGREEMENT is a combination of reimbursable expenses and payments based on CONTRACTOR attaining performance outcomes. In PY 2021-2022 a portion of the total compensation will be held back until the final invoice for the PY as an enrollment incentive. Schedule of enrollment incentive amounts is detailed in Section D below.
Maximum Amount of Compensation. CITY agrees to pay GRANTEE the COMPENSATION AMOUNT subject to the terms and conditions of this AGREEMENT. Payment shall be processed as set forth by the following schedule, subject to the GRANTEE’s satisfactory performance of this AGREEMENT. If the total amount shown on ▇▇▇▇▇▇▇’s invoice is less than the maximum installment amount set forth below, CITY Shall pay GRANTEE the amount shown on the invoice. Installment Period Begin Period End Report Due Payment 1 12/31/20 2/28/2021 Weekly service report An Installment of $69,329.60 will be processed within 20 days of full execution of this AGREEMENT. However, no payment shall occur prior to December 31, 2020. An invoice will need to be provided on a monthly basis to substantiate the costs of the first payment. Weekly service reports must be submitted to the CITY for this period in order to release future payment.