TIME AND COMPENSATION Sample Clauses
The "Time and Compensation" clause defines the terms regarding the schedule for work performance and the payment structure for services rendered under the agreement. It typically outlines deadlines, milestones, or timeframes for deliverables, as well as the rates, payment intervals, and any conditions for additional compensation such as overtime or bonuses. This clause ensures both parties have a clear understanding of when work is to be completed and how and when payment will be made, thereby reducing the risk of disputes over timing or financial obligations.
TIME AND COMPENSATION. The Licensor grants this license to Licensee with the understanding that within 45 days of the end of the License Period, Licensor and Licensee shall enter into good faith negotiations to determine the compensation due for the next License Period. If good faith negotiation and payment are not completed within 15 days of the end of the License Period, Licensor may consider this License Agreement to have terminated automatically. The good faith negotiation of compensation under this agreement must be commemorated in a separate writing agreed to by both parties.
TIME AND COMPENSATION. Time and compensation for preparation, curriculum development, in-service training and remote site visitation shall be as agreed between the District and the Association at the time the teacher agrees to the assignment.
TIME AND COMPENSATION. You shall make yourself available for services by telephone calls, as well as at least one meeting every other month which can be implemented by telephone conference calls, one annual meeting at the company's facility plus additional meetings if your schedule permits. Upon signing this agreement you will receive a fee of $1500 per month to be paid at the end of each month and nonqualified stock option to purchase 15,000 shares of Common Stock of HBT at an exercise price per share of $0.85. In addition, at the end of each year of service on the advisory board, you will be granted an additional nonqualified stock option to purchase 5,000 shares of Common Stock of HBT at an exercise price equal to the then market value of the Common Stock. In each case, 25% of the Common Stock underlying the option shall become exercisable on [HEMOBIOTECH LOGO] the first anniversary of the option grant, provided you are still serving on the advisory board on such date, and the balance of the Common Stock underlying the option shall become exercisable in a series of 36 successive equal monthly installments upon your completion of each additional month of service on the advisory board over the 36-month period measured from the one-year anniversary date of the option grant. The options will be issued pursuant, and subject to, the terms of the HBT stock option plan which will be provided separately. All reasonable expenses incurred by you during the course of your service as an advisory board member will be reimbursed by HBT within 45 days after submission by you of appropriate receipts documenting such expenses.
TIME AND COMPENSATION. 1. In such designated Extended Time Schools, teachers shall work a mandated seven hour work day, inclusive of a duty-free lunch period, and an additional five workdays immediately preceding the start date designated at the beginning of the school year. Effective February 2006, teachers in ETS shall report on Brooklyn-Queens Day for professional development.
2. The gross annual salary of teachers who work this additional time in Extended Time Schools shall be in accordance with the salary schedules set forth in Appendix F1.
TIME AND COMPENSATION. The Manager shall devote such time to management as the Manager deems to be necessary to conduct the Company’s business. The Manager shall be entitled to be reimbursed by the Company, as an expense of the Company, for the actual, reasonable, and necessary expenses incurred by it on behalf of the Company, upon submitting an itemized account of the expenses to the Company.
TIME AND COMPENSATION. You shall make yourself available for services by telephone calls, as well as at least one meeting every other month which can be implemented by telephone calls, one annual meeting at the company's facility plus additional meetings if your schedule permits. Upon signing this agreement you will receive nonqualified stock options to purchase 271,528 shares of Common Stock of HBT at an exercise price per share of $0.18. Fifty percent of the options shall become exercisable on the date of the option grant, 25% will become exercisable one year after the date of the option grant and the remaining options will become exercisable in a series of 36 successive equal monthly installments upon your completion of each additional month of service as an advisor or other capacity with the company over the 36 month period measured from the one-year anniversary date of the option grant. The options will be issued pursuant, and subject to, the terms of the Hemobiotech 2003 Stock Option/Stock Issuance Plan and the Non Qualified Stock Option Agreement, which will be provided separately. All reasonable expenses incurred by you during the course of your service as an advisory board member will be reimbursed by HBT within 45 days after submission by you of appropriate receipts documenting such expenses.