Common use of Payment for Visits Clause in Contracts

Payment for Visits. Vertex, through its payment agent, will reimburse the Payee (as defined below) (every three months) in accordance with the eCRF submitted by Healthcare Service Provider, on a per completed subject visit basis in accordance with the attached budget. Payment will be made for each subject actually enrolled who completes each visit in accordance with the Protocol and attached budget. Payments are due 30 days after receipt of the invoices, if invoice is provided by 10th of month, if invoice is provided after 10th of month, payment will be provided within 60 days. Value Added Tax (VAT) – All agreed upon amounts are VAT excluded. VAT is not applicable as the contracting party providing payments is located in the USA. The payment will not be subject to withholding tax. In the limit of applicable regulation it is the responsibility of the Payee to declare this income. Vertex does not gua rantee any total value of payments. Actual payments will depend upon the number of subjects enrolled, the Services performed in accordance with the Protocol and attached budget, and visits completed. No payment shall be made for subjects whom were enrolled in the Study in violation of the Protocol, or with respect to whom violations of the Protocol have occurred. Payment shall not be made for visits at which such Protocol violations occurred, nor shall they be made for any subsequent visits. 3.

Payment for Visits. Vertex, through its payment agent, will reimburse the Payee (as defined below) (every three months) in accordance with the eCRF submitted by Healthcare Service Provider, on a per completed subject visit basis in accordance with the attached budget. Payment will be made for each subject actually enrolled who completes each visit in accordance with the Protocol and attached budget. Payments are due 30 days after receipt of the invoices, if invoice is provided by 10th of month, if invoice is provided after 10th of month, payment will be provided within 60 days. Value Added Tax (VAT) – All agreed upon amounts are VAT excluded. VAT is not applicable as the contracting party providing payments is located in the USA. The payment will not be subject to withholding tax. In the limit of applicable regulation it is the responsibility of the Payee to declare this income. Vertex does not gua rantee guarantee any total value of payments. Actual payments will depend upon the number of subjects enrolled, the Services performed in accordance with the Protocol and attached budget, and visits completed. No payment shall be made for subjects whom were enrolled in the Study in violation of the Protocol, or with respect to whom violations of the Protocol have occurred. Payment shall not be made for visits at which such Protocol violations occurred, nor shall they be made for any subsequent visits. 3.