Honorarium Payment Sample Clauses
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Honorarium Payment. The Town shall pay the Artist/Lender an honorarium payment for the display of the Work. The Town and the Artist/▇▇▇▇▇▇ shall agree upon an appropriate honorarium payment as set forth in Exhibit A and shall indicate the total amount agreed upon in Exhibit A. The Town shall pay One Thousand Dollars ($1000.00) per piece of art for up to six (6) pieces of art from the Artist to display on Town property. In no event shall the Town pay an honorarium payment for a single piece of artwork exceeding One Thousand Dollars ($1000.00). Nor shall the Town pay an honorarium payment for the display of a piece of artwork for a display period of longer than two years. If the Town and Artist/▇▇▇▇▇▇ agree to a display period that is longer than two years, the Artist/▇▇▇▇▇▇ understands and agrees that he or she shall receive no honorarium payment after the second year of display. The Town shall pay the agreed upon honorarium payment to the Artist/▇▇▇▇▇▇ in two installments as follows:
a. The first installment shall be fifty percent (50%) of the total honorarium payment, and the Town shall pay the Artist/Lender the within thirty (30) days of the Installation Date.
b. The second installment shall be fifty percent (50%) of the total honorarium payment, and the Town shall pay the second installment to the Artist/Lender within thirty (30) days of the Removal Date. However, if the Work or any portion thereof is sold prior to the Removal Date and does not remain on display until the Removal Date, the Town shall pro-rate the second installment to reflect the actual time that the Work was on display. Pursuant to Section D below, if the Work is sold prior to the Removal Date and does not remain on display until the Removal Date, the Artist/▇▇▇▇▇▇ may replace the Work with another piece of artwork, subject to the Town’s approval, to display for the remainder of the Display Period. If the Work is replaced for the remainder of the Display Period, the Artist/Lender shall be entitled to the entire amount of the second installment for the Work.
Honorarium Payment. The Settlement Administrator shall be responsible for overseeing the deduction of the Pro Rata Honorarium Share from the settlement payments that Settlement Class Members receive pursuant to this settlement, and making the Honorarium Payment to the Class Representative after administration of the Claims Program has concluded.