Compensation Earned Clause Samples
The "Compensation Earned" clause defines when and how a party becomes entitled to receive payment for services rendered or work completed. Typically, this clause outlines the specific milestones, deliverables, or timeframes that trigger the earning of compensation, such as upon completion of a project phase or after submitting an invoice for approved work. Its core practical function is to clarify the conditions under which payment obligations arise, thereby preventing disputes over when compensation is due and ensuring both parties have a mutual understanding of payment triggers.
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Compensation Earned. All the compensation provided under this Agreement will be deemed fully earned as of the date of the Agreement, and not subject to return in whole or in part or subject to reduction or further limitation. The Company waives any and all rights of set off against the compensation provided for herein, including any securities underlying any Warrants.
Compensation Earned. If this Agreement terminates for any reason, the Company will pay to the Manager any fees earned prior to the effective date of such termination which remains unpaid and any expenses for which an expense account has been submitted, approved and which remains unpaid.