Floating Fee Clause Samples
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Floating Fee. In addition to the above mentioned basic annual fee, Party B shall pay Party A a floating fee annually based on the specific situation of the technical support and services provided. The amount of the floating fee for each quarter shall be determined by the Parties after considering:
(i) Quantity and qualification of the employees used by Party A for purpose of provision of consulting and training services to Party B in such quarter;
(ii) Time consumed by employees of Party A for purpose of provision of consulting and training services to Party B in such quarter;
(iii) Contents and value of the consulting and training services provided by Party A in such quarter; and
(iv) Revenue of Party B.
Floating Fee. In addition to the above mentioned basic annual fee, in each quarter Party B shall pay Party A a floating fee based on the specific situation of the technical support and services provided in that quarter. The floating fee shall be paid quarterly. The amount of the floating fee for each quarter shall be determined by the Parties after considering:
(i) Quantity and qualification of the employees used by Party A for purpose of provision of technical support and services to Party B in such quarter;
(ii) Time consumed by employees of Party A for purpose of provision of technical support and service to Party B in such quarter;
(iii) All the inputs made by Party A for purpose of provision of technical support and service to Party B in such quarter; and
(iv) Contents and value of the technical support and service provided by Party A in such quarter; and
(v) Revenue of Party B.
Floating Fee. Apart from the basic service fee stipulated in paragraph (1) mentioned above, Party B shall pay the floating service fees to Party A in accordance with the information consultation and technical services provided by Party A. The floating fees shall be paid quarterly. The amount of the floating fees in each quarter shall be agreed upon by both Parties by taking into account the following factors:
A. The number of employees utilized by Party A to provide Party B with the quarterly support services and the qualifications of such employees;
B. The complexity of the quarterly support services provided by Party A’s employees and the time spent;
C. Various inputs made by Party A for providing the quarterly support services;
D. Concrete content and value of the quarterly support services provided by Party A; and
E. Amount of Party B’s business income.