COMPENSATION AND ALLOCATION Clause Samples
The "Compensation and Allocation" clause defines how payments and financial responsibilities are distributed between the parties involved in an agreement. It typically outlines the specific amounts, timing, and methods of compensation, as well as how costs, expenses, or profits are shared or allocated. For example, it may specify that one party pays a fixed fee while another covers certain operational costs. This clause ensures that both parties have a clear understanding of their financial obligations, reducing the risk of disputes over payment and resource distribution.
COMPENSATION AND ALLOCATION. As compensation for services rendered under this Service Agreement, Client Company hereby agrees to pay to Entergy Services the cost of such services. Intercompany payables for the amount of such costs will be recorded by Client Company on or before closing of the books in the succeeding month and will be funded on or before the 25th day of such month. The methods for the determination and the allocation of the cost of services to be paid by Client Company are set forth in Exhibit II hereto.
COMPENSATION AND ALLOCATION. As and to the extent required by law, DRS will provide such services at cost. Exhibit III hereof contains rules for determining and allocating costs for DRS.
COMPENSATION AND ALLOCATION. As and to the extent required by law, SCANA Services provides and will provide such services at cost. Exhibit I hereof contains rules for determining and allocating such costs.
COMPENSATION AND ALLOCATION. As and to the extent required by law, Service Company provides and will provide such services at fully allocated cost, determined in accordance with Rules 90 and 91 under the Act. Exhibit A hereof contains rules for determining and allocating such costs.
COMPENSATION AND ALLOCATION. As and to the extent required by law, LG&E Energy Services provides and will provide such services at fully allocated cost. Exhibit A hereof contains rules for determining and allocating such costs.
COMPENSATION AND ALLOCATION. Virginia Power and DRS recognize the importance of DRS paying the appropriate compensation for the services provided hereunder, so that there is no subsidization of either party by the other. To that end, Virginia Power will maintain accurate records of its operations that will enable it to determine the costs of the services that it provides to DRS, and those books and records will be open to examination by any state or federal commission having jurisdiction over arrangements and services to be furnished, and the staffs of those commissions. DRS will compensate Virginia Power for the services provided hereunder by payment of the costs incurred to provide those services. Exhibit B hereto contains rules for determining and allocating costs for services provided to DRS by Virginia Power.
COMPENSATION AND ALLOCATION. As compensation for services rendered (as provided in Section II above) to it by Services, Client Company hereby agrees to pay to Services the cost of such services. Bills will be rendered for the amount of such costs on or before the 15th day of the succeeding month and will be payable on or before the 25th day of such month. The methods for the determination and the allocation of the cost of services to be paid by Client Company are set forth in Exhibit II hereto.
COMPENSATION AND ALLOCATION. LG&E Energy Services provides and will provide such services at fully allocated cost, except to the extent otherwise permitted by and in accordance with applicable rules and regulations under the Public Utility Holding Company Act of 1935, as amended (the "Act"), or order of the Securities and Exchange Commission ("SEC"). Exhibit A hereof contains rules for determining and allocating such costs.
COMPENSATION AND ALLOCATION. BioPharma will provide the Services for an annual fee of $100,000, payable monthly in equal installments in advance on the first day of each month during the term of this Agreement, as it may be extended or renewed. The fee may be adjusted by the parties upon mutual agreement as set forth in Section 1 above. 7.
COMPENSATION AND ALLOCATION. As and to the extent required by law, AGSC will provide such services at cost. The attached Exhibit I contains AGSC’s Policies and Procedures Manual which describes the rules for determining and allocating costs for AGSC. AGSC shall include in the Policies and Procedures Manual detailed instructions mandating that indirect costs of human resources costs, including pension expense, health insurance, and payroll taxes, be charged to the Company by use of an overhead rate. Such language shall not be effective until July 1, 2012. The Company shall file on the ICC’s e- Docket system in Docket No. 11-0046 with a copy to the Chief Clerk of the Commission, and provide a copy to the Manager of the Accounting Department, documentation of any substitution or changes in the methods of allocation in the Policies and Procedures Manual.