Fee Computation Clause Samples
The Fee Computation clause defines how fees or payments are calculated under an agreement. It typically outlines the basis for determining the amount owed, such as hourly rates, fixed fees, or percentages of completed work, and may specify when and how invoices are issued. This clause ensures both parties have a clear understanding of payment expectations, reducing the risk of disputes over compensation and promoting transparency in the financial aspects of the contract.
Fee Computation. All fees payable under this Section shall be computed on the basis of a year of 360 days and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). Each determination by the Administrative Agent of a fee hereunder shall be conclusive absent manifest error.
Fee Computation. The Adviser's fee for each calendar quarter shall be calculated as set forth in Schedule C.
Fee Computation. The Adviser's fee shall be calculated as set forth in SCHEDULE C.
Fee Computation. All fees payable under this Section shall be computed on the basis of a year of 360 days (except that fees denominated in Sterling shall be computed on the basis of a year of 365 days) and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day). Each determination by the Administrative Agent of a fee hereunder shall be conclusive absent manifest error.
Fee Computation. The Adviser's fee for each calendar quarter shall be calculated based on the market value of the average net assets under management each month for the past four months as provided by the Custodian. The market value of the net assets will be determined by the Custodian on the last business day of each calendar month-end. (See example on Schedule C.) The fee will be calculated at a rate equal to one-fourth of the annual rates specified in Schedule C.
Fee Computation a. The Consultant's fee shall be computed at the rate of (multiplier) times actual payroll expenses, for the Consultant's technical and professional personnel except for surveyors within the phase limits shown in Schedule A.
b. Surveyor's wages are subject to the New York State Department of Labor, Bureau of Public Works Prevailing Rate schedules. The City will pay the incremental cost due to the prevailing wage rate schedules established by the New York State Department of Labor. The prevailing wage schedule for this project is attached to this agreement as Appendix B. The consultant shall compute the fee for surveyor's labor as follows: Actual surveyor's salary times (multiplier), plus incremental salary and benefits (due to prevailing wage rate schedules) and additional cost of F.I.C.A., N.Y.S. unemployment, and Federal unemployment tax (10% of the additional incremental salary and benefits. The multiplier shall not be applied to the incremental salary and benefits imposed by the prevailing wage rate schedule. The City will not pay prevailing salary plus benefits times a multiplier. This fee is included in Basic Services shown on Schedule A.
c. Reimbursement to the Consultant for fees paid to approved subconsultants shall be made as a part of the Reimbursable Expense as outlined in Schedule A of this Agreement. The subconsultant fee shall be computed at the rate of the approved multiplier of times the subconsultant’s approved hourly rates for technical and professional personnel assigned to the Project. The subconsultant shall be paid within five (5) business days of the date the Consultant received payment from the City for the services rendered by the subconsultant.
Fee Computation a. The Consultant's fee shall be computed at the rate of (multiplier) times actual payroll expenses, for the Consultant's technical and professional personnel except for surveyors within the phase limits shown in Schedule A.
b. Surveyor's wages are subject to the New York State Department of Labor, Bureau of Public Works Prevailing Rate schedules. The City will pay the incremental cost due to the prevailing wage rate schedules established by the New York State Department of Labor. The consultant shall compute the fee for surveyor's labor as follows: Actual surveyor's salary times (multiplier), plus incremental salary and benefits (due to prevailing wage rate schedules) and additional cost of F.I.C.A., N.Y.S. unemployment, and Federal unemployment tax (10% of the additional incremental salary and benefits. (The multiplier shall not be applied to the incremental salary and benefits imposed by the prevailing wage rate schedule. The City will not pay prevailing salary plus benefits times a multiplier). This fee is included in Basic Services shown on Schedule A.
Fee Computation. All fees hereunder shall be computed on the basis of a year of three hundred sixty (360) days and for the actual number of days elapsed in each calculation period, as applicable. All fees hereunder shall be non-refundable and deemed fully earned when due and payable.
Fee Computation. College shall accept invoices by District periodically throughout the term of this Agreement and College shall make payments in accordance with the invoice terms. However, before closing the assignment of each student teacher, but no later than May 15th of each fiscal year, District shall submit to College any final invoices for payment.