Payment Earned Sample Clauses
The "Payment Earned" clause defines when and how a party becomes entitled to receive payment under a contract. Typically, this clause specifies that payment is due only after certain milestones, deliverables, or services have been completed and accepted by the other party. For example, a contractor may only be paid after finishing a phase of work or delivering a product that meets agreed-upon standards. The core function of this clause is to ensure that payments are tied to actual performance, protecting both parties by clarifying when financial obligations arise and reducing the risk of disputes over incomplete or unsatisfactory work.
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Payment Earned. Contractor shall not be entitled to retain the Progress Payments or Final Payment for any trainee unless it demonstrates compliance with the requirements set forth in this Agreement. (See definition of Payment Earned in Exhibit D.) Contractor must demonstrate compliance using ETP procedures, to the sole satisfaction of ETP.
Payment Earned. The amount of Reimbursement the Contractor is entitled to retain based on performance, and compliance with all other requirements set forth in this Agreement, as reconciled at the time of Fiscal Closeout. [Section 4400(r).]
Payment Earned. At the end of the Performance Period the cash payment actually awarded, if any, under the Agreement will equal the Target Cash Amount multiplied by the applicable Percentage of Cash Amount Earned, as provided in Section 5 above.
Payment Earned. Contractor shall not be entitled to retain the Progress Payments or Final Payment for any trainee unless it demonstrates compliance with the requirements set forth in this Agreement. (See definition of Payment Earned in Exhibit D.) Contractor must demonstrate compliance using ETP procedures, to the sole satisfaction of ETP. Hours of Training: Reimbursable hours of training will vary depending on the method of delivery. Advanced Technology (AT) is considered a method of delivery for this purpose. Class/Lab includes Videoconference, Simulated Laboratory and Productive Laboratory. Class/Lab may be delivered by the E-Learning methodology. Class/Lab/Videoconference. Reimbursement is for actual hours of attendance, within the range of hours for each Job Number as identified in Exhibit B, Menu Curriculum and in Exhibit A, Chart 1. Each trainee must attend training for the minimum number of hours for payment to be earned, and payment cannot be earned for attendance beyond the maximum number of hours.