Record Change Fee Clause Samples

A Record Change Fee clause establishes a charge that must be paid when a party requests modifications to previously submitted records or documentation. In practice, this fee applies if, for example, a customer asks to update shipping details, correct personal information, or alter order specifications after the initial submission. The core function of this clause is to compensate the service provider for the administrative effort and potential disruption caused by processing such changes, thereby discouraging unnecessary or frequent amendments and ensuring operational efficiency.
Record Change Fee. Any Record Change Fee must be paid by Buyer Seller One-Half by Buyer 717 and One-Half by Seller N/A.
Record Change Fee. Any Record Change Fee must be paid by x Buyer ¨ Seller ¨ One-Half by Buyer and One-Half by Seller ¨ N/A.

Related to Record Change Fee

  • Change of Control Transaction If the Company or its successor terminates the Employment upon a merger, consolidation, or transfer or sale of all or substantially all of the assets of the Company with or to any other individual(s) or entity (the “Change of Control Transaction”), the Executive shall be entitled to the following severance payments and benefits upon such termination: (1) a lump sum cash payment equal to 12 months of the Executive’s base salary at a rate equal to the greater of his/her annual salary in effect immediate1y prior to the termination, or his/her then current annua1 salary as of the date of such termination; (2) a lump sum cash payment equal to a pro-rated amount of his/her target annual bonus for the year immediately preceding the termination; and (3) immediate vesting of 100% of the then-unvested portion of any outstanding equity awards held by the Executive.