Remuneration Clause Samples
The Remuneration clause defines the payment terms and compensation structure between the parties involved in an agreement. It typically outlines how much will be paid, the schedule or milestones for payment, and any conditions or methods for making payments, such as bank transfers or invoicing requirements. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment and providing a framework for timely and accurate compensation.
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Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration for its services as such Warrant Agent hereunder and shall, pursuant to its obligations under this Agreement, reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder.
Remuneration. The Company agrees to pay the Rights Agent reasonable remuneration for its services as such Rights Agent hereunder and will reimburse the Rights Agent upon demand for all expenditures that the Rights Agent may reasonably incur in the execution of its duties hereunder.
Remuneration. The Company agrees to pay the Warrant Agent reasonable remuneration in an amount separately agreed to between Company and Warrant Agent for its services as Warrant Agent hereunder and will reimburse the Warrant Agent upon demand for all expenditures that the Warrant Agent may reasonably incur in the execution of its duties hereunder. One half of the total Warrant Agent fees (not including postage) must be paid upon execution of this Warrant Agreement. The remaining half must be paid within fifteen (15) Business Days thereafter. An invoice for any out-of-pocket and/or per item fees incurred will be rendered to and payable by the Company within fifteen (15) Business Days of the date of said invoice. It is understood and agreed that all services to be performed by Warrant Agent shall cease if full payment for its services has not been received in accordance with the above schedule, and said services will not commence thereafter until all payment due has been received by Warrant Agent.
Remuneration. As full remuneration for the Services performed under the terms of this Agreement, IUCN shall pay the Consultant a fixed and firm lump sum of [currency/amount in numbers (amount spelled out in letters)] (“the Remuneration”) based on [number of days] days of work at a daily rate of [daily rate] as follows: A first instalment of [currency/amount in numbers (amount spelled out in letters)] corresponding to 30% of the Remuneration upon receipt of a signed copy of this Agreement together with a first invoice; A second instalment of [currency/amount in numbers (amount spelled out in letters)] corresponding to 30% of the Remuneration [please indicate what task(s)/deliverable(s) will trigger payment] and presentation of the corresponding invoice; and A third and last instalment of [currency/amount in numbers (amount spelled out in letters)] corresponding to remaining 40% of the Remuneration upon satisfactory and timely completion and IUCN written acceptance of all Services as specified in Annex I. The final invoice must be submitted no later than [insert the no. of days e.g. 30 days] after IUCN’s written acceptance of all Services or after the Agreement end date whichever is later. The Consultant must submit a valid invoice quoting the Contract Reference Number and number of the instalment for each payment to be made. If the tasks defined in the Agreement are not fulfilled to the satisfaction of IUCN within the requested time limit, IUCN reserves the right to withhold any further payments and recuperate any funds already paid for unfulfilled Services. IUCN shall make payments to the Consultant’s bank account (to be opened in the name of the Consultant in the place where Consultant is established or where the Services are provided) as follows: Complete Account name: [xxx] Account type and currency: [xxx] Bank name: [xxx] Bank address: [xxx] Account No.: [xxx] SWIFT Code or other bank routing code: [xxx] IBAN No: [xxx] The Consultant shall bear bank charges for international wire-transfers (namely from the Consultant’s bank or any intermediary banks) associated with any transfer of funds that IUCN may make hereunder. Funds that remain unused at the Expiration Date or termination date of this Agreement must be returned to IUCN within sixty (60) days following either of such dates, as applicable. Travel expenses in connection with this Agreement shall not exceed [currency/amount in numbers] [(currency and amount in words)]. All travel has to be approved in writing (em...
Remuneration. As full and complete compensation for services described in this Agreement, the Company shall compensate the Consultant as follows:
(a) For agreeing to undertake this engagement and for performance of the services described above, the Consultant shall be issued ___________ shares of the Company’s Common Stock, $.01 par value per share (the “Shares”). The Company understands and agrees that Consultant has foregone significant opportunities to accept this engagement and that the Company will derive a substantial benefit from the execution of this Agreement and the ability to announce its relationship with Consultant. The Shares therefore, constitute payment in full for Consultant’s agreement to provide the Consulting Services to the Company and represent a nonrefundable, non-apportionable, and non-ratable retainer. The Shares are not a prepayment for future services. If and in the event the Company is acquired during the term of this Agreement, it is agreed and understood Consultant will not be requested or demanded by the Company to return any of the Shares. It is further agreed that if at any time during the term of this Agreement, the Company or substantially all of the Company’s assets are merged with or acquired by another entity, or some other change occurs in the legal entity that constitutes the Company that results in a change in control of substantially all of the Company’s shares or assets, the Consultant shall retain and will not be requested by the Company to return any of the Shares.
(b) Upon the Company’s transfer to the Consultant of the Shares, the Company shall cause to be issued a certificate representing the Shares. The Company hereby represents and warrants to the Consulting that the Shares shall have been validly issued, fully paid and non-assessable and that the issuance and any transfer of the shares to Consultant shall have been duly authorized by the Company’s board of directors.
(c) Consultant acknowledges that the Shares have been registered under the Securities Act of 1933 on a registration statement on Form S-8 filed with the Securities and Exchange Commission on September 12, 2006, as the same may be amended from time to time.
(d) In connection with the acquisition of Shares hereunder, the Consultant represents and warrants to the Company, to the best of his, her or its knowledge, as follows:
(i) Consultant acknowledges that the Consultant has been afforded the opportunity to ask questions of and receive answers from duly autho...
Remuneration. The remuneration, cost and expenses of the Independent Engineer shall be paid by the Authority and subject to the limits set forth in Schedule-P, one- half of such remuneration, cost and expenses shall be reimbursed by the Concessionaire to the Authority within 15 (fifteen) days of receiving a statement of expenditure from the Authority.
Remuneration. A member, other than a member who is an officer of the Public Service of the State, shall be paid such remuneration and travelling and other allowances as the Minister from time to time determines on the recommendation of the Minister for Public Sector Management 3.
Remuneration. The Executive hereby agrees that the remuneration received by the Executive pursuant to this Agreement with the Company includes any remuneration which the Executive may be entitled to under applicable PRC law for any “works made for hire,” “inventions made for hire” or other Inventions assigned to the Company pursuant to this Agreement.
Remuneration. The Fund agrees to pay, and the Adviser agrees to accept, as compensation for the services provided by the Adviser hereunder, a base management fee and an incentive fee as hereinafter set forth. The Fund shall make any payments due hereunder to the Adviser or to the Adviser’s designee as the Adviser may otherwise direct.
Remuneration. 3.1. The Employee shall be paid a basic salary of ten thousand seven hundred Singapore dollars (SGD 10,700) per calendar month starting 1 May 2021.
3.2. All non-HDB dealings including but not limited to private property transactions must all be transacted through the Company. The employee is entitled to 50% of the commission received.
3.3. Existing HDB clients belonging to the Employee must all be transferred to Ohmyhome and be subsequently charged at Ohmyhome’s services rate.
3.4. The Employee’s salary shall be payable monthly in arrears not later than the 7th day of the following month.
3.5. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.6. Unless otherwise approved in writing by the Employer, the Employer shall not be required to reimburse the Employee for traveling, entertainment, overtime pay for working beyond the normal work hours and other expenses incurred by the Employee in the performance of the Employee’s duties hereunder.
3.7. All payments of salary are subject to authorized deductions or deductions required by law. Any Central Provident Fund (CPF) contributions required of the Company or you will be in accordance with current CPF legislation.
3.8. The Employee authorizes the Employer at any time during the Employee’s employment and/or on its termination to deduct any sums owed by the Employee to the Employer at any time from the Employee’s salary and/or from any other sums due to the Employee under this contract, including, but not limited to, any payment in lieu of notice and damages for breach of contract (“Authorized Deductions”).
3.9. The Employee’s remuneration shall be reviewed annually by the Employer. The Company is under no obligation to award an increase following a salary review.
3.10. A 13th month bonus shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.11. An annual bonus of no less than 1% of revenue shall be payable to Employee upon serving 12 months starting from the Commencement Date.
3.12. Employee’s annual renewal of CEA license and CPD course fees will be borne by the Employer.
3.13. Additional Incentives payable to Employee upon completion of transaction calculated on a monthly basis: Resale agent service: $ 150 Resale documentation: ...