Compensation Payment Terms Clause Samples
The Compensation; Payment Terms clause defines how and when payments will be made between parties under an agreement. It typically outlines the amount or method of calculating compensation, the schedule for invoicing and payment (such as net 30 days), and any conditions for withholding or adjusting payments, like penalties for late payment or requirements for supporting documentation. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment timing or amounts.
Compensation Payment Terms. PuriCore will pay Inventor in accordance with the terms set forth on Exhibit B, attached hereto and fully incorporated by reference. PuriCore and Inventor acknowledge that, in exchange for mutually valuable consideration, PuriCore has previously paid a registration fee in the amount of [*] to the Vitold Bakhir Electrochemical Systems and Technologies. Neither Inventor nor any Inventor employee shall receive any royalty or other remuneration on the production or distribution of any products developed by PuriCore in connection with or based upon the Services. Inventor shall submit a monthly invoice in the amount of [*] detailing time spent on the Services to PuriCore in connection with each individual Work Order Services Form. PuriCore shall make payment to Inventor within thirty (30) days after the date on which PuriCore receives Inventor’s invoice.
Compensation Payment Terms. 1 . (a) DPS shall pay to Cadbury a fee for each Service that is provided to DPS and its Affiliates hereunder (collectively, the “Incoming Service Fee”) and Cadbury shall pay to DPS a fee for each Service that is provided to Cadbury and its Affiliates hereunder (collectively, the “Outgoing Service Fee”). The costs for each Service (the “Costs”) shall be the actual direct cost incurred by the Providing Party in performing such Service, calculated as set forth on Schedule C, which shall include a reasonable allocation for overhead salary, wages, benefits, taxes and other expenses attributable thereto (but shall exclude, for the avoidance of doubt, any overhead expenses for branding, marketing and other similar expenses) and without any markup for profit, calculated in a manner consistent with past custom and practice of the Providing Party with respect to such Service (or Cadbury Schweppes SBS, Inc. in the case of the Services which were not historically provided by the Providing Party); provided, however, that such Costs shall be adjusted to reflect any termination or expiration of any Transition Service pursuant to Article 3 of this Agreement.
Compensation Payment Terms. (a) In addition to, and not in lieu of, any and all compensation and benefit arrangements currently existing or hereinafter entered into between the Company and the Employee, the Company shall pay the Employee an aggregate amount of $5,000,000 in ten annual installment payments of $500,000 each commencing on the later of (i) January 1, 2001 or (ii) the date of his retirement or termination (whether by resignation of the Employee or discharge by the Company) from the position of President and Chief Executive Officer of the Company. If the Employee should die before the ten annual payments have been made, the unpaid balance will continue to be paid in installments for the unexpired portion of such ten year period to his designated beneficiary(ies) in the same manner as set forth above.
(b) Notwithstanding anything herein contained to the contrary, the Company shall have the right, in its sole discretion, to vary the manner and time of making the installment distributions provided in this Agreement and may make such distributions in lump sum payments or over a shorter period of time than ten years, as it may find appropriate.
(c) Nothing contained herein shall be deemed to exclude the Employee from any supplemental compensation, bonus, pension, insurance, severance pay or other benefit to which otherwise he might be or might become entitled as an employee of the Company. The deferred compensation payable under this Agreement shall not be deemed salary or other compensation to the Employee for the purpose of computing benefits to which he may be entitled under any pension, retirement, stock, option or other benefit plan or arrangement of the Company for the benefit of its employees.
Compensation Payment Terms. (a) In addition to, and not in lieu of, any and all compensation and benefit arrangements currently existing or hereinafter entered into between the Company and the Employee, on January 1, 2001 (the "Delivery Date"), the Company shall issue the Employee an aggregate amount of 50,000 shares of Common Stock (the "Shares"), of the Company; provided, however, that the Shares shall only be issued to the Employee on the terms hereof after the completion of the Private Equity Transaction. In the event that the Private Equity Transaction is not completed for any reason by the Delivery Date, this Agreement shall terminate and the Company shall have no obligations hereunder. If the Employee's period of employment is terminated for any reason, the Employee shall be entitled to have the Company issue the Shares to the Employee or the Employee's designated beneficiary(ies) in the same manner as set forth above.
(b) Nothing contained herein shall be deemed to exclude the Employee from any base or supplemental compensation, bonus, pension, insurance, severance pay or other benefit to which he otherwise might be or might become entitled as an employee of the Company. The deferred compensation payable under this Agreement shall not be deemed salary or other compensation to the Employee for the purpose of computing benefits to which he may be entitled under any employment, pension, retirement, stock option or other agreement, benefit plan or arrangement of the Company for the benefit of the Employee or the Company's employees.
Compensation Payment Terms. Insurance; Taxes shall be deleted in its entirety and replaced with the following:
Compensation Payment Terms. Customer agrees to pay Provider an initial lump sum fee of $120,000, due and payable on or before July 1, 2025. In addition, Customer agrees to pay Provider a monthly fee in the amount of $10,000, beginning July 1, 2025, and continuing on the first business day of each successive month thereafter during the Term for access to and use of Provider Offerings. If Customer balance is not paid within thirty (30) days of the due date, Provider reserves the right to cease providing services under this Agreement until Customer brings their status to current. Provider reserves the right to alter these payment terms (on a going forward basis) in the event of repeated late payments. Customer shall pay any and all applicable federal, state and local sales, use, value added, excise, duty and any other taxes of any nature assessed on Provider Offerings.
Compensation Payment Terms. Compensation is provided based on the three categories of Services as presented in this Agreement: Strategic Marketing Consultation,
Compensation Payment Terms i. Subject to the terms of any Material Storage Schedule, Emergent agrees to pay, and Talecris agrees to accept payment, for all Services properly rendered during the term of this Addendum. Payment and prices shall be as set forth on the applicable Material Storage Schedule. Talecris shall be solely responsible for its expenses related to this Addendum unless otherwise expressly agreed by Emergent in writing. Such expenses are not to exceed $175 per pallet per month without the express written preapproval of Emergent, which will not be unreasonably withheld. Notwithstanding the foregoing, Emergent shall be responsible for any reasonable expenses necessarily incurred by Talecris in connection with preservation, relocation or transfer of Materials as described in Paragraph 1) b) iv) above.
ii. Emergent shall pay all undisputed amounts to Talecris net-thirty (30) days from the date of an invoice showing in reasonable detail the basis for such invoice, and the amount currently due, as set forth herein. All invoices shall be submitted in writing to Emergent as follows:
Compensation Payment Terms. (a) As compensation to RTF for the services performed under this Agreement, CHABOT shall (i) pay RTF $85,000 which includes administrative costs. For the purpose of this Section 4(a), “Administrative Costs” shall mean any cost, direct or indirect, that supports the implementation of the contracted services. Direct costs typically include salary costs related to preparing workshop curriculum and materials and monitoring activities. Indirect costs typically include expenses for general administration of the Program (personnel, payroll, accounting, procurement, data processing, etc.).
(b) RTF shall provide to CHABOT monthly invoices in the amount of
(i) Days/dates of service
(ii) Description of services rendered
(iii) Any additional data required by CHABOT
Compensation Payment Terms. If hourly work is required SFA will bill as per the following scheduled rates: Advisor at $295. Manager at $125, Administrative at $75 per hour.