NOTIFICATION FEES Clause Samples
The Notification Fees clause defines the charges that may be incurred when one party is required to notify the other under the terms of the agreement. Typically, this clause outlines the circumstances under which notification fees apply, such as when providing formal written notice of a contract event, and specifies the amount or method of calculating such fees. Its core function is to allocate the administrative costs associated with official notifications, ensuring both parties are aware of and agree to any expenses related to required communications.
NOTIFICATION FEES. Effective January 1, 2015, the fee to be remitted by a Member for each Notification transmitted to that Member shall be $2.25. A member
4.2.1 Members will not be charged for their own locate requests.
4.2.2 Members will be charged for each notification and each copy of a notification sent to alternate destinations.
4.2.3 Members will be charged a notification fee for retransmits requested by the member.
4.2.4 Unless otherwise directed, Members will not be charged for Test tickets.
NOTIFICATION FEES. 3.1 Irrespective of the form of engagement or the nature of the Services being provided, the Client agrees:
a) to notify the Company immediately of any offer of an Engagement which it makes to the Candidate; and
b) to notify the Company immediately that its offer of an Engagement has been accepted and to provide details of the Remuneration Package to the Company; and
c) to notify the Company immediately of any Engagement pursuant to clause 3.2.
3.2 The Client is obliged to pay the Fee (as detailed below) to the Company (i) when any Introduced Candidate commences an Engagement with the Client, and (ii) as if the Engagement had been that of a Candidate made by the Company directly under the terms hereof, if any Introduced Candidate commences an Engagement with a third-party to whom the Client directly or indirectly introduced the Candidate, in each case which begins:
a) within 12 months of the relevant Introduction by the Company, or
b) within 6 months of the Candidate’s previous Engagement by the Client, whichever is the more recent, and irrespective of whether the Engagement which is accepted is the original Engagement offered to the Candidate, or whether previous offers have been rejected or withdrawn.
3.3 The Company will send an invoice to the Client (the “Invoice”) for its fees which will be a minimum fee of £10,000 or as calculated below, whichever is the higher (the “Fee”): Variable Fee For Remuneration Package equivalent up to £74,999 per 12-month period For Remuneration Package equivalent to £75,000 and above per 12-month period Permanent Engagement 25% of Remuneration Package during first 12 months of the Engagement 30% of total Remuneration Package during first 12 months of the Engagement Fixed Engagement 25% of Remuneration Package during (i) first 12 months of the Engagement (ii) total Engagement, if less than 12 months. 30% of Remuneration Package during (i) first 12 months of the Engagement (ii) total Engagement, if less than 12 months. Flat Rate Fee Engagement of any Group employee £20,000 Engagement for any Non- Executive Director or Advisor Role For Permanent Engagement: £100,000 For Fixed Engagement: £25,000 per 3-month period, up to a maximum of £100,000 Fixed Engagements will be rounded up to the end of the subsequent whole 3-month period.
3.4 If a Fixed Engagement is extended beyond the initial fixed term, the Client shall be liable to pay a further fee being the difference between the Fee paid, and the total Fee owing for the entire e...
NOTIFICATION FEES. The current Notification fees, effective January 1, 20 , are the greater of:
4.2.1 a fee of $ calendar year, and for each billable Notification transmitted to the Member during the
4.2.2 the minimum annual fee of $25.00.