COMPENSATION SECTION Sample Clauses
The Compensation Section outlines the terms and conditions under which payment will be made for goods or services provided under the agreement. It typically specifies the amount, method, and timing of payments, and may address issues such as invoicing procedures, reimbursement of expenses, or adjustments for late payments. This clause ensures both parties have a clear understanding of financial obligations, reducing the risk of disputes over payment and providing a framework for resolving compensation-related issues.
COMPENSATION SECTION. The District shall pay all of each teacher’s required contribution to the Oklahoma Teachers Retirement System (7%) as part of the total District compensation on the certified salary schedule.
COMPENSATION SECTION. 2-1 – COMPENSATION In accordance with applicable provisions of State Laws, the Employer and the Union shall collectively bargain regarding compensation of positions in the bargaining unit. Such compensation rates shall become effective when adopted by the City Council as agreed upon between the Employer and the Union.
COMPENSATION SECTION. 6.1 The Companies and DSC acknowledge that the compensation to be paid hereunder to DSC is intended to induce DSC to provide services under this Agreement of a nature and quality which the Boards of Directors or Trustees of the Companies, including a majority who are not parties to this Agreement or interested person of the parties hereto, have determined after due consideration to be necessary for the conduct of the business of a Portfolio in the best interests of a Portfolio and its shareholders.