Schedule of Compensation Clause Samples
The Schedule of Compensation clause defines how and when payments will be made under the contract. It typically outlines the amounts to be paid, the timing or milestones for each payment, and any conditions that must be met before payment is released, such as completion of specific deliverables or approval of work. This clause ensures both parties have a clear understanding of the financial terms, reducing the risk of disputes over payment and providing a structured framework for compensation throughout the project or agreement.
Schedule of Compensation. All payments for services and material under the Contract Documents shall be made in accordance with the following provisions.
Schedule of Compensation. As part of the annual budgeting process, the Operator shall deliver to the City a schedule of Performance Compensation (as defined below) it intends to pay to Senior Executive Personnel, it being understood that each such schedule shall set forth the names of each of the Senior Executive Personnel and the amount of the Performance Compensation budgeted for each of the Senior Executive Personnel (the “Schedule of Performance Compensation”). The amount of the Schedule of Performance Compensation shall be computed on a basis comparable to the compensation generally paid to similarly situated employees of the Operator at other comparable facilities managed based upon the performance of such other comparable facilities. If the Schedule of Performance Compensation varies from the amount of the Senior Executive Personnel Performance Compensation Pool for such Operating Year by more than 5%, the City and the Operator shall meet to discuss such variance and may mutually agree to amend the amount of the Senior Executive Personnel Performance Compensation Pool set forth in 6.7.1 above; provided however, that neither party shall be obligated to agree to any such amendment. For purposes of this Agreement, the term Performance Compensation shall mean: “Annual compensation paid to Senior Executive Personnel that is based upon the performance of the Facility, whether discretionary or based upon a predefined formula (and excluding, for avoidance of doubt, (1) base salary, (2) participation in employee benefit plans and programs (including any equity-based plans (to the extent based on equity in the Operator generally and not the Facility specifically)), and (3) relocation and severance payments).”
Schedule of Compensation. Compensation shall not be payable under more than one of the items of this Schedule of Compensation in respect of the consequences of one accident to any one insured person. The total sums payable under this insurance in respect of more than one accident to any one insured person shall not exceed CAD 50,000. No more than five claims may be made under this insurance during the period of insurance. Claims under A, B, C, D, E & F below shall only be considered when death or loss occurs within 12 months of the accident
A. Death CAD 50,000 B. Total and irrecoverable loss of sight of both eyes CAD 50,000 C. Total and irrecoverable loss of sight of one eye CAD 50,000 D. Loss of one limb CAD 50,000 E. Loss of two limbs CAD 50,000 F. Total and irrecoverable loss of sight of one limb and one eye CAD 50,000 G. Permanent Total Disablement (other than total and irrecoverable loss of sight of one or both eyes or loss of limb(s) CAD 50,000
Schedule of Compensation. ▇▇▇▇▇▇▇ will compensate Contractor for the performance of services hereunder according to the Schedule of Compensation identified as Addendum I to this Agreement, subject to Carrier's rights provided in Sections 5.05 and 10.04 hereof to deduct or offset certain costs and charges.
Schedule of Compensation. Carrier agrees to pay 100% of gross of each load, minus applicable deductions. Escrow, Cargo Liability insurance, ▇▇▇▇▇▇▇ Comp, dispatch fee and fuel card payments.
1). CARRIER agrees to pay, and INDEPENDENT CONTRACTOR agrees to accept as full and complete payment for use of said equipment and for performance of obligations accepted by INDEPENDENT CONTRACTOR under this Agreement, compensation as set forth in Section III above.
2). CARRIER shall settle with INDEPENDENT CONTRACTOR on each Friday within (7) days of the submission by the INDEPENDENT CONTRACTOR of the ▇▇▇▇ of Lading, signed delivery receipts, driver log books for the complete trip. Original fuel invoices are also due at this time if the INDEPENDENT CONTRACTOR chooses the Fuel Tax accounting service below. All applicable paperwork (RELAY APP) must be submitted to CARRIER no later than close of business day (11.59 p.m. EST) Saturday in order to be paid on time. If paper work is not complete, INDEPENDENT CONTRACTOR will not be paid until all required paperwork properly submitted.
3). Fuel Use Tax Return services will be available to INDEPENDENT CONTRACTOR for a fee of $100.00. All quarterly Fuel Use Tax, Road Tax, Weigh Distance Tax,... fees and payments remain the full responsibility of INDEPENDENT CONTRACTOR. If INDEPENDENT CONTRACTOR chooses to file his own Fuel Tax Return INDEPENDENT CONTRACTOR is obligated to provide a copy of paid Fuel Tax Return for each quarter to the CARRIER. If INDEPENDENT CONTRACTOR does not submit the copy of the Fuel Tax Return to the CARRIER by the 25th day of the month when the taxes are due, the CARRIER will file the Fuel Tax Return for the INDEPENDENT CONTRACTOR for that quarter and the additional charges will be deducted from INDEPENDENT CONTRACTOR's paycheck. Upon termination of this agreement the INDEPENDENT CONTRACTOR authorizes the CARRIER to withhold the escrow funds after the 45 days from INDEPENDENT CONTRACTOR's resignation or until the next Quarterly Fuel Use Tax Return has been filed which ever comes first. After the Fuel Use Tax charges and fees are covered, the adjustment will be made and the difference left from the escrow funds, if any, will be paid to the INDEPENDENT CONTRACTOR. All the road tax additional charges and fees will be full responsibility of INDEPENDENT CONTRACTOR.
Schedule of Compensation. As full and complete compensation for the Services pursuant to Paragraph 4 of the Agreement, the Consultant shall be compensated in shares of the Company's common stock, which such stock shall be fully registered under the Securities Act of 1933, as amended, and shall be earned in the following amounts based upon completion to the sole satisfaction of the Company of the tasks set forth below: Level 1: Retainer. ------- Compensation for the completion of Level 1 of the Services shall be 5,000 shares.
Schedule of Compensation. Subject to the maximum Contract Sum set forth in Section 3(a), Consultant shall provide services to Cities at the following hourly rates or task amounts:
(a) The Cities will pay Consultant $295.00 an hour for its work under this Agreement.
Schedule of Compensation. We propose to provide the services as described above and on the attached sub-consultant proposals for the fees calculated as described below. The fee is inclusive of all reimbursable expenses of the AE.
Schedule of Compensation a. Professional to Senior Professional = 5%
b. Professional to Supervisory = Minimum of Paygrade or 10% (whichever is greater)
c. Senior Professional to Supervisory = Minimum of Paygrade or 5% (whichever is greater)
d. Professional to Management/Executive = Minimum of Paygrade or 15% (whichever is greater)
e. Senior Professional to Management Executive = Minimum of Paygrade or 10% (whichever is greater)
Schedule of Compensation. The services detailed in Exhibit A shall be performed on a fixed price basis and in accordance with the following milestone payment schedule. 1 Software Purchase and Contract Signature $277,934.50 2 2.1, 2.2, 2.3, & 4.1 Project Kickoff, PMS-ADF Functional Requirements Workshop, Test and Acceptance Plan, PMS-ADF Integration - Design Phase $165,206.00 3 2.4, 2.6, 4.2, 3.1 Test and Acceptance Procedure, Cutover Plan, PMS-ADF Integration - Develop Phase, PMS Application , Design Phase $165,206.00 5 4.3.1, 4.3.2 FAT, System Training $82,603.00 6 4.3.3, 4.3.4, 4.3.5 SAT, SAT Recovery, System Cutover $82,603.00 Signature of this Contract and execution of Addendum 2 to the Miner and Miner Software License Agreement, a copy of which is attached hereto as Attachment 1 to this Exhibit B, shall constitute acceptance of Milestone 1 with payment due in accordance with the terms and conditions of Section 3.