Common use of Retention Amount Clause in Contracts

Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the JCC under the Agreement, the JCC shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the JCC to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work. Description of Work provided by Contractor: Work is: 1) Submitted on time: [ ] yes [ ] no. If no, please note length of delay and reasons.

Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the JCC under the Agreement, the JCC shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the JCC to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work. Description of Work provided by ContractorAPPENDIX C: Work is: 1) Submitted on time: [ ] yes [ ] no. If no, please note length of delay General ▇▇▇▇▇ and reasons.Conditions

Retention Amount. Notwithstanding the terms of this Appendix B, and without limiting the rights of the JCC under the Agreement, the JCC shall have the right at the time of Acceptance, with respect to those Deliverables in each Statement of Work, on a Statement of Work-by-Statement of Work basis, to withhold fifteen percent (15%) from the amounts to be paid by the JCC to Contractor therefor, until Acceptance of the final Deliverable under such Statement of Work. ACCEPTANCE AND SIGN-OFF FORM Description of Work provided by Contractor: Date submitted: Work is: 1) Submitted on time: [ ] yes [ ] no. If no, please note length of delay and reasons.