Maximum Total Compensation – Agreement Sample Clauses
The Maximum Total Compensation – Agreement clause sets a cap on the total amount of money that one party is obligated to pay the other under the terms of the agreement. This clause typically specifies a fixed dollar amount or a formula for calculating the maximum compensation, and it applies to all payments, reimbursements, or fees due under the contract. By establishing a clear upper limit on financial liability, this clause helps both parties manage risk and budget effectively, preventing unexpected or unlimited financial exposure.
Maximum Total Compensation – Agreement. The maximum total, aggregate compensation the City will pay the Consultant for all professional fees, costs and expenses for all Approved Service Orders issued under this Master Agreement shall not exceed
Maximum Total Compensation – Agreement. The maximum total, aggregate compensation the City will pay the Consultant for all professional fees, costs and expenses for all Approved Service Orders issued under this Master Agreement shall not exceed Two Million Dollars ($2,000,000) annually (“Maximum Total Compensation”), subject to the appropriation of funds, and subject to a maximum aggregate compensation amount not to exceed Four Million Dollars ($4,000,000) annually for all City agreements to provide temporary staffing services for Planning, Building Plan Check, Building Inspections, and related services.
Maximum Total Compensation – Agreement. The maximum total, aggregate compensation the City will pay the Consultant for all professional fees, costs and expenses for all Approved Service Orders issued under this Master Agreement shall not exceed $2,500,000 (“Maximum Total Compensation”). The Consultant acknowledges that the City, a municipal corporation, is precluded by the California State Constitution and other laws from entering into obligations that financially bind future governing bodies, and that, therefore, nothing in this Agreement shall constitute an obligation of future legislative bodies of the City to appropriate funds for purposes of this Agreement.