Compensation for Development Sample Clauses
The Compensation for Development clause defines how and when payment will be made to a party responsible for developing a product, service, or project. It typically outlines the payment structure, such as fixed fees, milestone payments, or hourly rates, and may specify conditions for invoicing and reimbursement of expenses. This clause ensures that the developer is fairly compensated for their work and provides clarity to both parties regarding financial obligations, thereby reducing the risk of disputes over payment.
Compensation for Development. Each faculty member involved in the development of a collaborative teaching arrangement will be granted one credit hour of overload pay on a one-time basis.
Compensation for Development. Compensation for the development of a new course approved by the Vice President for Academic Affairs shall be Eight Hundred dollars ($800) for the first (1st) credit hour and Two Hundred fifty dollars ($250) for each additional credit hour.
Compensation for Development. Jointly Developed DLCs: Compensation shall be by mutual agreement between the faculty member, the bargaining unit and the college, establishing an equitable division of royalties and fees in advance of development of the DLC.
Compensation for Development. Compensation for independent study courses (299’s) will be based upon one (1) contact hour of overload for the faculty member for every ten (10) student credit hours of independent study courses taught.