Common use of Compensation Schedule Clause in Contracts

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Table 1A Task Assignment Model Rates (Fee Based on Gross Claim Dollar Amount (GCA)) Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) GCA From GCA To GCA Fee $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% Table 1B MCM Rates (Fees Based on Gross Claim DOLLAR Amount (GCA)) GCA From GCA To GCA Fee $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Table 2 Sinkhole Fee Schedule (applicable for MCM Adjusters only) Fee Type Rate Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Table 3 Third Party Liability Fee Schedule – Field Task Assignments Fee Type Rate Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Table 4 Miscellaneous Fee Schedule Fee Type Rate Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 9 contracts

Samples: Agreement for Independent Adjusting Services – Catastrophe, Agreement for Independent Adjusting Services – Catastrophe, Agreement for Independent Adjusting Services – Catastrophe

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Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, . Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Table 1A Task Assignment Model Rates (Fee Based on Gross Claim Dollar Amount (GCA)) Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) GCA From GCA To GCA Fee $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% Table 1B MCM Rates (Fees Based on Gross Claim DOLLAR Amount (GCA)) GCA From GCA To GCA Fee $0.00 $2,500.00 $725.00 1,160.00 $2,500.01 $5,000.00 $850.00 1,360.00 $5,000.01 $10,000.00 $975.00 1,560.00 $10,000.01 $15,000.00 $1,150.00 1,850.00 $15,000.01 $25,000.00 $1,300.00 2,100.00 $25,000.01 $35,000.00 $1,500.00 2,400.00 $35,000.01 $50,000.00 $1,825.00 2,950.00 $50,000.01 $75,000.00 $2,600.00 4,150.00 $75,000.01 $100,000.00 $3,500.00 5,600.00 $100,000.01 $150,000.00 $4,100.00 6,550.00 $150,000.01 $200,000.00 $5,300.00 8,500.00 $200,000.01 $250,000.00 $6,500.00 10,400.00 $250,000.01 $300,000.00 $7,200.00 11,500.00 $300,000.01 $500,000.00 $12,000.00 19,000.00 $500,000.01 $750,000.00 $18,000.00 28,800.00 $750,000.01 $1,000,000.00 $24,000.00 38,400.00 $1,000,000.01 And up 1.35% Table 2 Sinkhole Fee Schedule (applicable for MCM Adjusters only) Fee Type Rate Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Table 3 Third Party Liability Fee Schedule – Field Task Assignments Fee Type Rate Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Table 4 Miscellaneous Fee Schedule Fee Type Rate Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00100.00

Appears in 2 contracts

Samples: Independent Adjusting Services, Independent Adjusting Services – Catastrophe Agreement

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Table 1A Task Assignment Model Rates (Fee Based on Gross Claim Dollar Amount (GCA)) Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) GCA From GCA To GCA Fee $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% Table 1B MCM Rates (Fees Based on Gross Claim DOLLAR Amount (GCA)) GCA From GCA To GCA Fee $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Table 2 Sinkhole Fee Schedule (applicable for MCM Adjusters only) Fee Type Rate Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Table 3 Third Party Liability Fee Schedule – Field Task Assignments Fee Type Rate Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Table 3 Third Party Liability Fee Schedule – Field Task Assignments Fee Type Rate Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Table 4 Miscellaneous Fee Schedule Fee Type Rate Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 1 contract

Samples: Attachment J Agreement

Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, . Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Table 1A Task Assignment Model Rates (Fee Based on Gross Claim Dollar Amount (GCA)) Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) GCA From GCA To GCA Fee $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% Table 1B MCM Rates (Fees Based on Gross Claim DOLLAR Amount (GCA)) GCA From GCA To GCA Fee $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Table 2 Sinkhole Fee Schedule (applicable for MCM Adjusters only) Fee Type Rate Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Table 3 Third Party Liability Fee Schedule – Field Task Assignments Fee Type Rate Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Table 4 Miscellaneous Fee Schedule Fee Type Rate Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 1 contract

Samples: Independent Adjusting Services – Catastrophe Agreement

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Compensation Schedule. Vendor will be paid on a monthly basis for the Services accepted by Citizens in the preceding month according to the following tables. During a Catastrophe Deployment, . Vendor may submit requests for compensation as frequently as weekly to expedite payment for the Services accepted by Citizens in the preceding period according to the following tables. Vendor agrees and acknowledges that Citizens may adjust pricing either up or down due to market conditions and any such changes will be communicated in writing to Vendor. Where provided, the Catastrophe Rate applies to Services performed pursuant to a Catastrophe Deployment. For each Adjuster deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor at the corresponding daily Catastrophe Rate outlined below for a minimum of seven (7) days, regardless of the length of deployment. For each CAT Field Associate Adjuster or CAT Field Adjuster I deployed pursuant to a Catastrophe Deployment, Citizens will compensate Vendor for seven (7) days at the corresponding daily Catastrophe Rate outlined below, in addition to compensation set forth in Table 1A. Table 1A Task Assignment Model Rates (Fee Based on Gross Claim Dollar Amount (GCA)) Gross Claim Amount (GCA) means the lesser of the policy limits or the agreed cost to repair or replace before application of depreciation, deductible, or other applicable limits. (Not to exceed policy limits without written request and approval by Citizens.) GCA From GCA To GCA Fee $0.00 $5,000.00 $325.00 $5,000.01 $7,500.00 $525.00 $7,500.01 $10,000.00 $550.00 $10,000.01 $15,000.00 $675.00 $15,000.01 $20,000.00 $800.00 $20,000.01 $25,000.00 $825.00 $25,000.01 $30,000.00 $950.00 $30,000.01 $35,000.00 $975.00 $35,000.01 $40,000.00 $1,250.00 $40,000.01 $50,000.00 $1,350.00 $50,000.01 $75,000.00 $1,650.00 $75,000.01 $100,000.00 $2,325.00 $100,000.01 $150,000.00 $2,900.00 $150,000.01 $200,000.00 $3,700.00 $200,000.01 $250,000.00 $4,425.00 $250,000.01 $300,000.00 $4,900.00 $300,000.01 $500,000.00 $6,000.00 Amendment No. 3 between Citizens and Catastrophe Response Unit USA, Inc. Page 8 of 13 $500,000.01 $750,000.00 $8,400.00 $750,000.01 $1,000,000.00 $12,700.00 $1,000,000.01 And up 1.0% Table 1B MCM Rates (Fees Based on Gross Claim DOLLAR Amount (GCA)) GCA From GCA To GCA Fee $0.00 $2,500.00 $725.00 $2,500.01 $5,000.00 $850.00 $5,000.01 $10,000.00 $975.00 $10,000.01 $15,000.00 $1,150.00 $15,000.01 $25,000.00 $1,300.00 $25,000.01 $35,000.00 $1,500.00 $35,000.01 $50,000.00 $1,825.00 $50,000.01 $75,000.00 $2,600.00 $75,000.01 $100,000.00 $3,500.00 $100,000.01 $150,000.00 $4,100.00 $150,000.01 $200,000.00 $5,300.00 $200,000.01 $250,000.00 $6,500.00 $250,000.01 $300,000.00 $7,200.00 $300,000.01 $500,000.00 $12,000.00 $500,000.01 $750,000.00 $18,000.00 $750,000.01 $1,000,000.00 $24,000.00 $1,000,000.01 And up 1.35% Table 2 Sinkhole Fee Schedule (applicable for MCM Adjusters only) Fee Type Rate Flat Fee – Sinkhole Field Assignment: This fee applies to residential policies with full inspection comprehensively documenting all sinkhole related damages. The reporting requirements will be a narrative with activities, estimate of damages, recorded statement with insured, photos and all supporting documentation. This is a per claim fee with the exception of claims involving Commercial Policies. $775.00 Amendment No. 3 between Citizens and Catastrophe Response Unit USA, Inc. Page 9 of 13 Table 3 Third Party Liability Fee Schedule – Field Task Assignments Fee Type Rate Flat Fee – Standard Liability Property Damage Claims $525.00 Flat Fee – Standard Liability Bodily Injury Claims $900.00 Time and Material - Complex Liability Cases (i.e., fatalities, catastrophic injuries, claims with multiple claimants or numerous witnesses) with advanced approval by Citizens’ Contract Manager or designee. This will be paid at the Time and Material Rates set forth in Table 7 below. Table 4 Miscellaneous Fee Schedule Fee Type Rate Inspection Fee With Damage Use fees in Tables 1A and 1B Claim Without Estimate: This fee applies when the insured elects to not proceed with the claim after assignment to a Vendor but prior to the initial inspection and before completing the inspection. The reporting requirement will be documented in the Claims Management System. $75.00

Appears in 1 contract

Samples: Independent Adjusting Services

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