MAXIMUM COMPENSATION LIMIT Clause Samples

The Maximum Compensation Limit clause sets a cap on the total amount of money one party may be required to pay the other under the contract, regardless of the circumstances. In practice, this means that even if damages or losses exceed the specified limit, the liable party's financial responsibility cannot go beyond the agreed maximum. This clause is commonly used in service agreements or supply contracts to provide predictability and protect parties from potentially unlimited liability, thereby managing risk and ensuring that exposure to financial loss is clearly defined.
MAXIMUM COMPENSATION LIMIT. The maximum compensation limit for Services pursuant to this PA shall be as stated in Attachment 3, Consultant’s Compensation, which shall not be exceeded by the Consultant. Consultant’s Compensation, as stated in Attachment 3, together with all prior and current project agreements to date, shall not cumulatively exceed the Maximum Compensation Limit (“MCL”) specified in the PSA. Nothing stated herein authorizes or approves an increase in the PSA MCL or in the compensation limit specified in Attachment 3. Consultant is fully responsible for not exceeding these limits and solely assumes and accepts all liability, cost and expense for exceeding these limits.
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MAXIMUM COMPENSATION LIMIT. The maximum compensation limit for services pursuant to this Project Agreement shall be DOLLARS ($ .00) as stated in Attachment 3, Consultant’s Compensation, which together with all prior and current PAs to date, does not and shall not cumulatively exceed the Maximum Compensation Limit specified in the PSA. Consultant is fully responsible for not exceeding this limit and solely assumes and accepts all liability, cost, and expense for exceeding this limit.
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MAXIMUM COMPENSATION LIMIT. The maximum compensation limit for services
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MAXIMUM COMPENSATION LIMIT. The maximum compensation payable under this Agreement is $ 1,000,000 (“Maximum Compensation Limit”). The sum of all compensation payable under all Project Approval Forms and Change Orders shall not exceed the total Maximum Compensation Limit. If SJCC performs Work that exceeds the Maximum Compensation Limit, SJCC does so at SJCC’s own risk and County shall not be liable or responsible for such Work or any payments or costs associated with such Work.
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Related to MAXIMUM COMPENSATION LIMIT

  • Maximum Compensation There is a maximum compensation for this Agreement and a separate maximum compensation for each Approved Service Order.

  • Maximum Total Compensation Subsection 10.1 is amended to Increase Decrease the Maximum Total Compensation from $ to $ .

  • Term and Maximum Compensation 1.4.1. The term of this CONTRACT is for three (3) years, commencing upon Board of Supervisor approval, with a maximum allowable compensation of one million, five hundred thousand dollars ($1,500,000), with the option to renew for two (2) additional years, with Board approval; except as permitted in Paragraph 1.5 below.

  • Maximum Compensatory Time Employees may accumulate no more than one hundred and sixty (160) hours of compensatory time.

  • Total Compensation 5.1. Contractor shall include Total Compensation in ▇▇▇ for each of its five most highly compensated Executives for the preceding fiscal year if: 5.1.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 5.1.2. In the preceding fiscal year, Contractor received: 5.1.2.1. 80% or more of its annual gross revenues from Federal procurement contracts and subcontracts and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.2.2. $25,000,000 or more in annual gross revenues from Federal procurement contracts and subcontracts and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.3. The public does not have access to information about the compensation of such Executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d) or § 6104 of the Internal Revenue Code of 1986.