Common use of Schedule of Compensation Clause in Contracts

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. Carrier agrees to pay 10088% of gross receipts of each loadloads, minus applicable applicable, escrow deductions. Escrow, Cargo Liability cargo liability insurance, ▇▇▇▇▇▇▇ Comp, dispatch fee and fuel card payments,agreed on upon damage payment. 1). a) CARRIER agrees agree to pay, and INDEPENDENT CONTRACTOR agrees to accept as full and complete payment for use of said equipment and for performance perfomance of obligations accepted by INDEPENDENT CONTRACTOR under this Agreementagreement, compensation as set forth in Section III above. 2). CARRIER shall settle with compensate INDEPENDENT CONTRACTOR on each Friday within (7) days of the submission by the INDEPENDENT CONTRACTOR of the "▇▇▇▇ of Ladinglaiding", signed delivery receipts, driver log books logbooks for the complete tripevery 13 days. Original fuel invoices are also due at this time if Fuel is an expense of the INDEPENDENT CONTRACTOR chooses the Fuel Tax accounting service belowhimself. All applicable paperwork (RELAY APPbuisiness(5pm) must be submitted to CARRIER no later than close of business day (11.59 p.m. EST) Saturday preciding MONDAY in order to be paid on timeFriday. If paper work paperwork is not complete, INDEPENDENT CONTRACTOR will not be paid until all required paperwork properly submitted.the following week on Friday. initials 3). b) Fuel Use Tax Return tax accounting services will be available to INDEPENDENT CONTRACTOR for a fee of $100.00CONTRACTOR, if he chooses, and fees will be paid to the company providing services. All If not, all quarterly Fuel Use Tax, Road Tax, Weigh Distance Tax,... fees and fuel tax payments remain the full responsibility of INDEPENDENT CONTRACTOR. If Initials I choose to use the reporting services chosen by Carrier I choose to file my Own quaterly fuel tax return Initials c) It is agreed that "escrow" fund is set up at the time of the execution of the agreement. INDEPENDENT CONTRACTOR chooses authorizes CARRIER to file his own Fuel Tax Return withhold $250 dollars per week from any settlements and to retain it in the escrow fund to the maximum of $2000. If any reason, CARRIER does not withhold $250 in given week, INDEPENDENT CONTRACTOR is obligated authorizes CARRIER to provide a copy of paid Fuel Tax Return withhold (in subsequent weeks) any additional funds necessery to make up for each quarter to the CARRIERdeficiency. There will be an If INDEPENDENT CONTRACTOR does not submit keep his equipment operating for the copy full term of the Fuel Tax Return agreement,the minimum fee paid to the CARRIER by the 25th day of the month when the taxes are dueany regulating agency to certify such equipment, the CARRIER will file the Fuel Tax Return for the INDEPENDENT CONTRACTOR for that quarter and the additional charges will or drivers may be deducted from INDEPENDENT CONTRACTOR's paychecksums held in escrow. Upon All escrow funds be held for a period of 60 days after termination of this agreement the INDEPENDENT CONTRACTOR authorizes the CARRIER agreement, to withhold the escrow funds after the 45 days from insure payment of INDEPENDENT CONTRACTOR's resignation 'S obligations, including but not limited to cargo claims, liability claims advances , or until any other cost which are 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 sole responsibility of the INDEPENDENT CONTRACTOR. All Should any claim not be resolved at the road tax additional charges and fees will be full responsibility end of 60 days, the CARRIER may retain the esrow funds until claim is closed. If CARRIER retains any escrow funds beyond 60 days, the CARRIER shall relase any remaining funds within 30 days of the closing of the remaining claims. The CARRIER shall provide INDEPENDENT CONTRACTOR with an accounting of any transaction involving the escrow account upon reques of the CONTRACTOR.