Common use of Compensation Agreement Clause in Contracts

Compensation Agreement. For and in consideration of the sum of or of gross revenue, or mile), it is hereby agreed that the Lessor shall lease the vehicles identified below to lessee for use in loading and transporting such property as Lessee may require for the time period specified and under the terms and conditions set forth below and on the reverse side hereof which are made a part hereof the same as if written below. Payment of said compensation is due and payable to Lessor within days after submission of necessary delivery documents, Lessee identification devise and other paperwork concerning trip in the service of Lessee. Such delivery documents and paperwork shall consist of log books required by the DOT and those documents, listed as follows, necessary for the authorized carrier to secure payment from the shipper: The Operator shall be responsible for loading unloading the property onto and from the motor vehicle. The compensation, if any, to be paid for this service is contained Schedule “A”. In addition, the Lessee agrees to pay Lessor of all detention and accessorial service charges. (see Schedule “A”). REMINDER TO LESSEE. Motor carriers are required to use drivers who are qualified under the safety regulations at and Also, Section requires a motor carrier who uses a driver intermittently to obtain from that driver a signed statement giving the total time on duty during the immediately preceding days and the time at which the driver was last relieved from duty prior to beginning work for the motor carrier. In Witness Whereof, the parties hereto have executed this agreement at Signature of Lessor Signature of Lessee

Compensation Agreement. For and in consideration of the sum of or of gross revenue, or mile), it is hereby agreed that the Lessor shall lease the vehicles identified below to lessee for use in loading and transporting such property as Lessee may require for the time period specified and under the terms and conditions set forth below and on the reverse side hereof which are made a part hereof the same as if written below. Payment of said compensation is due and payable to Lessor within days after submission of necessary delivery documents, Lessee identification devise and other paperwork concerning trip in the service of Lessee. Such delivery documents and paperwork shall consist of log books required by the DOT and those documents, listed as follows, necessary for the authorized carrier to secure payment from the shipper: The Operator shall be responsible for loading unloading the property onto and from the motor vehicle. The compensation, if any, to be paid for this service is contained Schedule “A”. A. In addition, the Lessee agrees to pay Lessor of all detention and accessorial service charges. (see Schedule “A”). REMINDER TO LESSEE. Motor carriers are required to use drivers who are qualified under the safety regulations at and Also, Section requires a motor carrier who uses a driver intermittently to obtain from that driver a signed statement giving the total time on duty during the immediately preceding days and the time at which the driver was last relieved from duty prior to beginning work for the motor carrier. In Witness Whereof, the parties hereto have executed this agreement at Signature of Lessor Signature of Lessee