Compensation 2 Clause Samples
The COMPENSATION 2 clause defines the terms under which payment or remuneration is provided for services or work performed under the agreement. Typically, this clause outlines the amount, method, and timing of payments, and may specify conditions such as invoicing procedures, payment schedules, or adjustments for additional work. Its core practical function is to ensure both parties have a clear understanding of financial obligations, thereby reducing the risk of disputes over payment.
Compensation 2. ODMĚNA a) Attachment 3 Compensation and Payment terms, attached hereto, specify the terms, to be paid by Sponsor for the Study, the timing of such payments and the payee. The compensation for the conduct of the Study is set out in the Budget. a) Příloha 3 k této smlouvě, Odměny a platební podmínky, uvádí podmínky plateb zadavatele za studii, jejich rozvrh a příjemce plateb. Odměna za provedení studie je stanovena v rozpočtu. Částky uvedené v The amount(s) included in the Budget represents the entire compensation under this Agreement and it includes without limitation, all work and care anticipated by the Protocol, the use of the facilities and equipment, staff costs, administrative costs, overhead, third party costs, taxes, travel and other expenses, etc. The amounts in the Budget represent the fair market value of the covered costs associated with the conduct of the Study and do not take into account the volume or value of any referrals or business. Institution and Investigator (as applicable) agree to use the funding provided under this Agreement solely for the purposes of carrying out the Study. rozpočtu představují úplnou odměnu podle této smlouvy, zejména odměnu za všechnu práci a péči předpokládanou protokolem, použití pracovišť a vybavení, náklady na personál, administrativní náklady, paušální náklady, náklady třetích stran, daně, cestovné a jiné výdaje apod. Částky v rozpočtu představují přiměřenou tržní cenu pokrytých nákladů souvisejících s prováděním studie a nezapočítávají množství ani hodnotu jakýchkoli doporučení či obchodních jednání. Zdravotnické zařízení a zkoušející (je-li to relevantní) souhlasí, že budou používat financování poskytnuté podle této smlouvy výlučně pro účely provedení studie.
Compensation 2. 00 Effective Jan.1, 2002, Consultant will be reimbursed with a retainer of $3,500 per month.
2.01 Consultant shall be responsible for all her costs, excluding including business and travel expenses incurred in the course of her consultancy, if approved by the Company in advance of such expenses being incurred.
Compensation 2. 1 SALARY. As compensation for his services to the Company and as compensation for his confidentiality, non-competition and non-solicitation agreement provided in Article 3 of this Agreement, Executive shall receive an annual salary in the amount of Two Hundred Thousand Dollars ($200,000) (the "Salary") payable on a pro rata, bi-weekly basis in accordance with the Company's regular payroll processes. The Salary shall be reviewed by the Company's Board of Directors on the first business day of each May occurring during the Term (the "Review Date"), the first such review to take place on May 1, 2003 and the Board of Directors may (but shall not be obligated to) increase or decrease the Salary as of the Review Date by an amount as the Board of Directors deems appropriate.
Compensation 2. 4.1 Budget As compensation for Trial services performed under this Agreement, Sponsor will compensate Institution and Investigator at fair market value as set forth in the payment schedule attached as Appendix 1 (“Payment Schedule”). Such amounts are fully covering all services provided by Institution, Investigator and Trial Stuff in connection with the Trial and include all applicable direct and indirect costs, overhead, fees, and other assessments due to Institution, Investigator and Trial Stuff.
Compensation 2. 1 Sale of the Corporate Entity: In the event that the corporate entity (which is SureCast Media under this agreement) is sold to, or acquired by, a third party, the then current share holders of the corporate entity will pay to ESPRE twenty-five percent (25%) of the “net proceeds from sale” (as defined in 1.0 Definitions).
Compensation 2
Compensation 2