Methods of Compensation Sample Clauses
The "Methods of Compensation" clause defines how payment will be made for goods or services under the contract. It outlines the specific forms of compensation, such as fixed fees, hourly rates, commissions, or milestone payments, and may detail the timing and conditions for each payment method. By clearly specifying the acceptable methods and terms of compensation, this clause helps prevent disputes over payment expectations and ensures both parties understand how and when compensation will be provided.
Methods of Compensation. The Treasury retains the right to compensate the Financial Agent for services provided under this FAA in such a method or methods as the Treasury in its sole discretion deems appropriate including, but not limited to, direct payments.
Methods of Compensation. Within the Services Authorization associated with each Project, the CITY and the CONSULTANT may agree on, but not be limited to, one of the methods of compensation outlined in Subsections 5.2.1,
Methods of Compensation. Compensation shall be determined on a monthly basis. Employees shall be paid on a biweekly basis unless otherwise specified in the Coachella Municipal Code.
Methods of Compensation. A. The method of compensation for Services (including, if applicable, the method of compensation for individual phases of Services) shall be identified in each specific Service Order. PCCA shall pay Engineer for Services in accordance with the applicable method of compensation.
B. The method of compensation for services under a Service Order will be specified in that Service Order. The possible methods of compensation are as follows:
1. Lump Sum plus Named Reimbursable Expenses, if any;
2. Standard Hourly Rates plus Reimbursable Expenses with a Ceiling Price.
Methods of Compensation. Qualifications – Mandatory & Highly Desirable Qualifications
Methods of Compensation. Each WOC will identify one of the following options for basis of payment applicable to the specific WOC:
Methods of Compensation a. This method of payment shall be by two (2) equal annual installments during the first two 16 (2) years of service to the District following the leave.
17 (1) The first installment shall be at the end of the first semester after the return of the unit member from leave and provided that the employee has received salary other 18 than for illness for a minimum of seventy-five (75) days during the first semester. If 19 the unit member has not received salary other than for illness for a minimum of seventy-five (75) days during the first semester, but does receive salary for such 20 minimum number of days during the first and second semesters after his/her return from leave of absence, the first installment shall be paid at the end of the second
22 (2) The second installment shall be paid at the end of the third semester after the return of the unit member from leave and provided that the unit member has received 23 salary other than for illness for a minimum of seventy-five (75) days during the third
Methods of Compensation. 1. It is the intention of the College to have a pay day every two weeks, but not to exceed twenty- seven (27) pay periods in one year. State and federal regulations may change the date of certain holidays and other events; therefore, the College may make a change in the date of pay days to conform to governmental laws and regulations. The first payment will be made on the first pay day that falls within the contractual period.
Methods of Compensation. A. Compensation shall be determined on an hourly basis.
B. Payments due shall be paid on a bi-weekly basis unless otherwise specified. By mutual consent of the parties, early payments and other modifications can be made.
C. Base hourly salary shall be considered as the regular rate of pay for a particular classification without consideration of any other form of compensation.
D. No employee may take time off from normal working hours (excluding meal periods) for the purpose of depositing a pay check.
Methods of Compensation. One or more of the following methods of compensation shall be used to establish the compensation to be received by the A/E for Services rendered under a Project Order. Each Project Order shall identify the specific method of compensation. For either method, the fair and reasonable prices negotiated between the OWNER and the A/E, as set forth within the Pricing Schedule attached to the parties’ Contract, shall be used in determining the cost of each task or project performed.
1. Fixed Fee (Lump Sum) Method: For work that can be defined and delineated in advance, payment to the A/E will be made on the basis of a fixed fee. The agreed fee shall represent full payment for all payroll, overhead, profit, and other direct non-salary expenses. The fixed fee will neither increase nor decrease unless the parties agree to a change in the scope, complexity, or duration of the work.