PSP’s COMPENSATION Clause Samples

PSP’s COMPENSATION. The PSP’s Compensation for PSP’s Services shall be as described in Exhibit 1. The maximum fee for PSP’s Services shall not exceed <<INSERT TOTAL CONTRACT AMOUNT ($XXX.XX)>> The PSP’s Compensation for any approved Additional Services shall be as described in the Additional Services Proposal accepted by the Owner. For Reimbursable Expenses approved by the Owner, a multiple of one and one-tenth (1.10) times the actual expense incurred by PSP, its employees or its PSPs. The Owner and PSP have entered into this Agreement as of the Effective Date. OWNER: PSP: By: By: Name: ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ Name: Project Management and Construction Services ▇▇▇▇ ▇ ▇▇▇▇ ▇▇▇▇▇▇, Suite 2.100 Austin TX 78722 CONTENT APPROVED: By: Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇, CPM, CTPM Contracts Manager Project Manager and Construction Services Attachment 1: General Conditional for PSP contracts Attachment 2: Technical Review Team (TRT) Guidelines Attachment 3: Travel Reimbursement Guidelines NOTE: These General Conditions are a collection of conditions, requirements, terms, standard procedures and contract administration requirements of The University of Texas at Austin, Project Management & Construction Services Department, for all Standard PSP agreements.
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Related to PSP’s COMPENSATION

  • Extra Compensation The Board shall pay no fees, other than described above, to the PA/E unless authorized by the Board as follows: A. If the scope of the Project or site is changed, the Board and the PA/E shall negotiate a reasonable fee based upon the probable estimated construction cost in changing the scope of the work and the approximate percentage of the estimated construction cost which was used to negotiate this Agreement if, and, as such may be applicable. B. If the DOE or Board requires the PA/E to make major or costly changes to the Schematic, Preliminary or Construction Document Phase submittals, which changes are not caused by architectural or engineering error or oversight, the PA/E shall be paid to redesign for additional expenses in an amount agreed to by the parties. Under no circumstances will the principals of the PA/E and the principals of his consultants be paid a fee in excess of $125 per hour.

  • Bonus Compensation During the term hereof, the Executive shall participate in the Company’s Senior Executive Annual Incentive Plan, as it may be amended from time to time pursuant to the terms thereof (the “Plan,” a current copy of which is attached hereto as Exhibit A) and shall be eligible for a bonus award thereunder (the “Bonus”). For purposes of the Plan, the Executive shall be eligible for a Bonus, and the Executive’s specified percentage (the “Specified Percentage”) for such Bonus shall initially be fifty percent (50%) of Base Salary and shall thereafter be established annually by the Board of Directors (the “Board”) or, if the Board delegates the Specified Percentage determination process to a Committee of the Board, by such Committee. In the event the Board or Committee does not approve the Executive’s Specified Percentage within 90 days of the beginning of a fiscal year, such Specified Percentage shall be the same as the immediately preceding year. Whenever any Bonus payable to the Executive is stated in this Agreement to be prorated for any period of service less than a full year, such Bonus shall be prorated by multiplying (x) the amount of the Bonus otherwise earned and payable for the applicable fiscal year in accordance with this Sub-Section 4.2 by (y) a fraction, the denominator of which shall be 365 and the numerator of which shall be the number of days during the applicable fiscal year for which the Executive was employed by the Company. Executive agrees and understands that any prorated Bonus payments will be made only after determination of the achievement of the applicable Performance Measures (as defined in the Plan) in accordance with the terms of the Plan. Any compensation paid to the Executive as Bonus shall be in addition to the Base Salary.

  • Employees' Compensation The Consultant shall be solely responsible for the following:

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following: