Common use of REMUNERATION AND PAYMENTS Clause in Contracts

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 the contract, the Ordering Party will request in writing or in the form of a scanned letter sent to the e-mail address indicated in point 6 for the proper performance of the contract, setting an appropriate deadline referred to in point 2.6. As a result of submitting a declaration of withdrawal, this contract is treated as not concluded and the Contractor will 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. The payment of the contractual penalties referred to in point 4 does not preclude VIGO from seeking damages on general terms in excess of the contractual penalty. The sum of the contractual penalties will not exceed 5% of the net remuneration.

REMUNERATION AND PAYMENTS. Under this agreement VIGO shall pay Supplier the Contractor a remuneration in a total net amount of _______________ (in words: _____________________________________________________00/100) (hereinafter referred to as “Remuneration”). Remuneration indicated above is a lump sum for a full execution of this agreement. Supplier Contractor is not allowed to claim for increase of Remuneration. The remuneration shall be paid in parts, each time depending on the number of confirmed samples/units, on the basis of partial invoices, in proportion to the number of samples/units completed in a given order batch. Payment shall take place 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 the Contractor 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 wyszukiwarka under the pain of refusal to pay to until reaching compliance with this provision is settledprovision. Polish Civil Code, and in particular provisions regarding statutory warranty for Products, Code applies to SupplierContractor’s responsibility for Productsthe Service. In the case of delivery of goods the report after the date deadline specified in point 2.1. The 2.2., the Ordering Party, instead of the provisions provided for in the above point, Party may charge the Contractor, on written request, Contractor a contractual penalty in the amount of 0.1% of the total 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 case 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 the contract, the Ordering Party will request in writing or in the form of a scanned letter sent to the e-mail address indicated in point 6 for the proper performance of the contract, setting an appropriate deadline referred to in point 2.6deadline. As a result of submitting a declaration of withdrawal, this contract is treated as not concluded and the Contractor will pay the Ordering Party a contractual penalty of 5% of the total net Remuneration. In such case, the Contractor shall return the samples, which he has received from the Ordering Party. The Contractor agrees to deduct the contractual penalty thus calculated from the due remuneration. The payment of the contractual penalties referred to in point 4 does not preclude VIGO from seeking damages on general terms in excess of the contractual penalty. The sum of the contractual penalties will not exceed 5% of the net remuneration.