REMUNERATION AND PAYMENTS Clause Samples
The remuneration and payments clause defines the terms under which compensation is provided for services or work performed under the agreement. It typically outlines the payment schedule, methods of payment, and any conditions or milestones that must be met before payment is made. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment timing or amounts.
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REMUNERATION AND PAYMENTS. Under this agreement VIGO shall pay Supplier a remuneration in a total net amount of ______________(in words: _____________________________________________________00/100) (hereinafter referred to as “Remuneration”). Remuneration is a lump sum for a full execution of this agreement. Supplier is not allowed to claim for increase of Remuneration. The remuneration shall be paid within 30 days from the day of invoice properly delivered to the VIGO’s by bank transfer to the bank account indicated by the Contractor on the invoice. The invoice must be delivered on the following address: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇. Remuneration due to Supplier under this agreement, in cases when it results from an applicable provisions of law, shall be increased by VAT tax, in an amount applicable at the day of invoice’s issuance. In the case of entities registered in the territory of the Republic of Poland, the Contractor's bank account must appear on the list of entities registered as VAT taxpayers available on the website: ▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇.▇▇/wykaz-podatnikow-vat-wyszukizyka under pain of refusal to pay to until this provision is settled. Polish Civil Code, and in particular provisions regarding statutory warranty for Products, applies to Supplier’s responsibility for Products. In the case of delivery of goods after the date specified in point 2.1. The Ordering Party, instead of the provisions provided for in the above point, may charge the Contractor, on written request, a contractual penalty in the amount of 0.1% of the net Remuneration for each commenced day of delay - not more than 5%. In the event of a delay in payment caused by the Employer, he shall pay the Contractor on written request a contractual penalty of 0.1% of the net order value for each day of delay - no more than 5%. In the event of improper or untimely performance of the contract by the Contractor, the Ordering Party may withdraw from the contract instead of the activities provided for in point 4.2. The withdrawal will only take place for reasons attributable to the Contractor, excluding reasons for which he is not responsible, force majeure and random events. The right of withdrawal is exercised by a declaration submitted to the Contractor in writing or in a documentary form (to the e-mail address indicated in point 6 below), within 30 days from the date of the expiry of the deadline for the proper performance of the contract not met by the Contractor. Before submitting the declaration of withdrawal from th...
REMUNERATION AND PAYMENTS. 13.1 The rates of remuneration set out in Schedule "A' to this agreement shall apply during the term of this agreement.
13.2 When an Employee performs work in a work classification for which a higher remuneration is provided (other than an assignment to provide temporary assistance), the Employee shall be paid that higher rate of remuneration.
13.3 The Employer shall pay all wages owing to Employees by Thursday for the one-week period ending on the previous Saturday.
13.4 Health and Welfare payments and R.R.S.P. deductions and payments as defined in this agreement as well as dues and assessments as defined from time to time in accordance with the Union's Constitution and By-Laws shall be paid to the Union no later than the fifteenth (15th) day of the month following work being performed. The Employer agrees to provide a list of Employees with a full accounting of all deductions, payments and hours worked.
REMUNERATION AND PAYMENTS. Under this agreement VIGO shall pay Supplier a remuneration in a total net amount of ______________(in words: _____________________________________________________00/100) (hereinafter referred to as “Remuneration”). Remuneration is a lump sum for a full execution of this agreement. Supplier is not allowed to claim for increase of Remuneration. The remuneration shall be paid within 30 days from the day of invoice properly delivered to the VIGO’s by bank transfer to the bank account indicated by the Contractor on the invoice. The invoice must be delivered on the following address: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇. Remuneration due to Supplier under this agreement, in cases when it results from an applicable provisions of law, shall be increased by VAT tax, in an amount applicable at the day of invoice’s issuance. Polish Civil Code, and in particular provisions regarding statutory warranty for Products, applies to Supplier’s responsibility for Products. In the case of delivery of goods after the date specified in point 2.1. The Ordering Party, instead of the provisions provided for in the above point, may charge the Contractor a contractual penalty in the amount of 0.1% of the net Remuneration for each commenced day of delay - not more than 5%. In the event of withdrawal by the Ordering Party due to the fault of the contract in the event of improper performance of the contract, after prior call for its proper performance, the Contractor shall pay the Ordering Party a contractual penalty of 5% of the net Remuneration. The Contractor agrees to deduct the contractual penalty thus calculated from the due remuneration.
REMUNERATION AND PAYMENTS. 2.1 The Client acknowledges and agrees to pay the sum of N100,000.00 for the educational consulting services provided by the Consultant.
2.2 The Client shall remit the full fee amount, as specified in the Fee Schedule, prior to the commencement of the application process.
2.3 In the event that a deposit payment option is provided, the Client shall settle the remaining balance of the fee, as outlined in the Fee Schedule, within the agreed-upon timeframe specified by the Consultant. The application process shall not proceed until the full fee payment has been received.
2.4 In the event of late payment by the Client, the Consultant may, at their discretion, impose reasonable late payment fees or suspend services until the /outstanding payment is settled.
2.5 The Client acknowledges that the fee paid, whether in full or as a deposit, is non-refundable, except as expressly stated otherwise in this Agreement
2.6 The Consultant shall provide the Client with acceptable methods of payment, including bank transfer, electronic payment platforms, or any other method mutually agreed upon by both parties.
2.7 Any amendments to the Fee Schedule shall be made in writing and signed by both parties to ensure mutual agreement and understanding of the revised payment terms.
REMUNERATION AND PAYMENTS. It is agreed that the overall fees for assistance from ABS in implementing the practice (as defined in this agreement) will be charged at a fixed price of A$999,999.99 plus applicable GST. Charges will be invoiced, and payments will be made according to the following schedule: A$599,999 60% of A$999,999+GST On Signing this Agreement A$100,000 10% of A$999,999+GST 3 months from signing A$100,000 10% of A$999,999+GST 6 months from signing A$100,000 10% of A$999,999+GST 9 months from signing A$100,000 10% of A$999,999+GST 12 months from signing It is envisioned that ABS may supply certain additional services outside the scope of this agreement, which will be supplied on a commercial basis to be agreed as required. The new practice may be asked to supply services to ABS, on a similar commercial basis to be agreed as required. IRU will also be required to make significant time available to implement this relationship, and will bear its own expenses in this regard as well. Where expenses are incurred which may also be construed as broader marketing work for either organisation, that organisation will bear the expense themselves.
REMUNERATION AND PAYMENTS. 3.1 Under this agreement VIGO shall pay Supplier a remuneration in a total net amount of (in words: 00/100) (hereinafter referred to as “Remuneration”). Remuneration is a lump sum for a full execution of this agreement. Supplier is not allowed to claim for increase of Remuneration.
3.2 The remuneration shall be paid within 30 days from the day of invoice properly delivered to the VIGO’s by bank transfer to the bank account indicated by the Contractor on the invoice. The invoice must be delivered on the following address: ▇▇▇▇▇▇▇▇@▇▇▇▇.▇▇▇.▇▇.
REMUNERATION AND PAYMENTS. 5. The maximum total fee is Euro 5 000. Any changes to this amount must be agreed in writing by Electrowatt-Ekono. The Sub-consultant is solely responsible for any taxes, duties, levies, charges, insurances, social security or other impositions (jointly “Taxes and Charges”) concerning his remuneration and reimbursement of expenses under this Agreement. If any of the aforementioned Taxes and Charges become payable by Electrowatt-Ekono, the corresponding amount will be deducted from the remuneration payable to the Sub-consultant.
6. The invoicing procedures and schedule for payment of Services is provided in Chapter 6 of the Terms of Reference (Annex 2).
REMUNERATION AND PAYMENTS. In consideration of the CONSULTANT providing the Consultant Design and arranging, organizing and supplying the deliverables, to the satisfaction of CLIENT, on the terms and conditions of this Agreement, CLIENT shall pay to the CONSULTANT Total Consultancy fees of ________ (in words)as detailed in Annexure VI. Interim payments by CLIENT shall be without prejudice to any claims or rights, which CLIENT may have against the CONSULTANT and shall not constitute any admission by CLIENT as to the performance of the CONSULTANT of its obligations hereunder, till Final Payment Certificate is issued by CLIENT. Prior to making any such payment, CLIENT shall be entitled to make deductions or deferments in respect of any disputes or claims whatsoever with or against the CONSULTANT and will intimate the reason in writing for such a deduction to the CONSULTANT. Upon acceptance of the Payment, the dispute, or claim would be considered closed. All fees will be payable to the CONSULTANT by remittance to their respective bank accounts after deduction of withholding taxes OR the deduction of income-tax at source in accordance with the applicable provisions of the Income Tax Act, 1961 as applicable. Fees except the last payment are to be paid within 30 (thirty) working days after receipt and certification of payment by the CLIENT’s Representative and provided the Invoice is correct and fees are due in accordance with the agreed fee schedule. The Invoice to be submitted by the CONSULTANT to the CLIENT shall be in the format as set out in Annexure IV, invoice submitted in any other format shall not be accepted by the CLIENT. CLIENT or their representative agrees to notify the CONSULTANT in 14 (fourteen) promptly if any Invoice is not in their opinion, correct. The Final Payment shall be released on discharge of total duties as also on full compliance to the satisfaction of the CLIENT within 60 (sixty) days of the date of issue of certification of full compliance and complete satisfaction. Payments of approved Additional Fees and reimbursable expenses, if applicable, shall be made by CLIENT within 30 (Thirty) working days of receipt and approval of detailed invoices and supporting documents from the CONSULTANT, subject to the fact that such additional work was approved by the CLIENT. No interest shall be payable of delayed payments (if any). If the payment of fees to the CONSULTANT is to be made in USD, the prevailing rate of the USD against INR on the date of execution of this Agr...
REMUNERATION AND PAYMENTS. 4.1 Under this agreement VIGO shall pay Supplier a remuneration in a total net
4.2 Remuneration shall be paid within 30 days from the day of signing Acceptance Protocol, on the basis of VAT invoice issued by Supplier and delivered to VIGO, via bank transfer to a bank account specified by Supplier on the invoice.
4.3 Remuneration due to Supplier under this agreement, in cases when it results from an applicable provisions of law, shall be increased by VAT tax, in an amount applicable at the day of invoice’s issuance.
REMUNERATION AND PAYMENTS. 1. For the satisfactory performance of the services determined in § 1 and in the scope determined in § 2, PNO Consultants shall receive from the Orderer remuneration in the amount of: Fixed fee: 10’000,00 EUR (say: ten thousand) for the first project, and extra 5’000,00 EUR (say: five thousand) for the each new following project if ordered by Orderer;