Consideration and Reimbursement. The Consultant shall be paid ninety-five dollars ($95.00) per hour for time expended on authorized tasks. The Consultant shall be paid sixty-five dollars ($65.00) per hour for time the Consultant’s assistant planner expends on authorized tasks. The Consultant shall be paid sixty-five dollars ($65) per hour for travel time related to City tasks. In addition, the City shall reimburse the Consultant for allowable expenses incurred by the Consultant in the process of performing work for the City on the basis of allowable expenses plus ten percent (10%). Allowable expenses are those associated with photocopying, postage and the purchase of significant project-related supplies, and subcontracted consultant services on specific projects where specialized services are required. Expenses shall not exceed $500 in any given month unless approved in advance by the City. Contractor must obtain advance approval from the City for any single expense over $500. The Consultant shall submit an invoice to the City at the end of each month. The invoice shall itemize the number of hours worked by the Consultant and the amount of allowable expenses. At the request of the City, the invoice must itemize hours and expenses expended upon particular tasks, such that the City may correctly post expenses to appropriate BARS cost centers. The invoice shall be supported by documentation acceptable to the City. The City shall render payment within thirty (30) days of receipt of the invoice.
Consideration and Reimbursement. As compensation for the Services, the Company shall pay to Multigon a fee of $4,000 per month, due on the first business day of the month. The Company shall reimburse Multigon for travel and other expenses that are pre-approved by the Company in writing, and for the cost of shipping the Company’s products.
Consideration and Reimbursement. 6.1 In recognition of the cost and expense incurred by Valence in the development of the Technology and the Confidential Information and in the provision of the technical services, Licensee shall pay to Valence a non-refundable, non-creditable license fee and technical service fee of Seven Million Two Hundred Forty One Thousand U.S. Dollars (US $7,241,000). Valence is required to grant Licensee the license hereunder as part of its contribution to the registered capital of Licensee pursuant to the Joint Venture Contract. Licensee shall be deemed to have paid Valence such license fee upon Valence being credited with making a contribution of Seven Million Two Hundred Forty One Thousand U. S. Dollars (US $7,241,000) ("Valence's Technology Investment") to the registered capital of Licensee in accordance with laws of the PRC.
Consideration and Reimbursement
