Hourly-Based Payment Clause Samples
The Hourly-Based Payment clause establishes that compensation for services will be calculated based on the number of hours worked and a predetermined hourly rate. In practice, this means the service provider tracks their time spent on tasks, and the client is billed according to the actual hours reported, often with periodic invoicing and possible requirements for timesheets or approval. This clause ensures that payment accurately reflects the amount of work performed, providing flexibility for variable workloads and transparency for both parties.
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Hourly-Based Payment. For Services which are billed on a FTE basis, as set forth in the applicable Statement of Work ▇▇▇▇▇ Systems will invoice Athena monthly for the applicable Services provided by the mutually agreed minimum number of FTEs in the previous month. Athena shall pay ▇▇▇▇▇ Systems for a minimum of 168 hours per FTE per month (“Minimum FTE Hours”), any mutually agreed training specifically relating to the Services and any other specific costs in relation to such Statement of Work, and not for any training that is not specifically related to the Services. Each invoice will set forth an accounting for the costs pertaining to specific training provided by Athena to ▇▇▇▇▇ Systems’ staff specific to the Services or any other specific mutually agreed cost or expense incurred by ▇▇▇▇▇ Systems in respect of the Services (other than the Minimum FTE Hours) on which it is based reasonably sufficient for Athena to verify any necessary calculations in respect of any expenses and costs, other than the minimum FTE hours. The Parties acknowledge that their aim is to limit the hourly-based payment method to initial piloting of new Service areas or piloting Services to be performed in a new manner or New Location and the terms and conditions in respect of the same shall be mutually agreed between the Parties and set forth in the applicable Statement of Work or in a Change Order under the applicable Statement of Work.
Hourly-Based Payment. For Services which are billed on a FTE basis as set forth in the applicable Statement of Work, Dell will invoice Athena monthly for the applicable Services provided by the mutually agreed number of FTEs in the previous month at the rates pertaining for each Service in such Statement of Work. Athena shall pay Dell for a minimum of * hours per FTE per month (“Minimum FTE Hours”), any mutually agreed training specifically relating to the Services and any other specific costs in relation to such Statement of Work, and not for any training that is not specifically related to the Services. Each invoice will set forth an accounting for the costs pertaining to specific training provided by Athena to Dell’s staff specific to the Services or any other specific mutually agreed cost or expense incurred by Dell in respect of the Services (other than the Minimum FTE Hours) on which it is based reasonably sufficient for Athena to verify any necessary calculations in respect of any expenses and costs, other than the minimum FTE hours.