Payment Terms and Compensation Sample Clauses

Payment Terms and Compensation. 2 6.1 Performance Based Contract 2 6.2 Performance Report Card 3 6.3 Invoices 9
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Payment Terms and Compensation. 2 6.1 Performance Based Contract 2 6.2 Performance Report Card 3 6.3 Invoices 10 6.4 Overpayments to the Contractor 10 6.5 State Government Furnished Equipment and Property…………… 10 7.0 Termination 10 7.1 Immediate Termination 10 7.2 Termination for Cause 11
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Payment Terms and Compensation. 1 5.1 No Increase in Charges…………………………………………………………….. 2 5.2 Overpayments to the Contractor………………………………………………….. 2 5.3 Amount of Business………………………………………………………………… 2 6.0 Termination………………………………………………………………………………….. 3
Sample 1
Payment Terms and Compensation. The Contractor acknowledges that this is a fixed price performance based Contract and that the Contractor is obligated to perform all of the Contractor’s responsibilities and meet all of the Contractor performance standards in this Contract. DHS acknowledges that it is responsible for meeting all State responsibilities in the RFP and the Contract. The price for the initial phase of this Contract, February 1, 2006 through June 30, 2006, (Phase 1) with the scope of work as defined in the RFP MED-06-022 is $695,000. The second phase of this Contract shall run from July 1, 2006 through June 30, 2007 (“Phase 2”). The scope of work applicable to Phase 2 is set forth in Attachment 2 to the First Amendment to the Contract. The base price for Phase 2 is $694,830. ( “Base Second Phase Contract Price”). In addition, NPI technical assistance shall be paid at an individual rate per hour as defined in Attachment 3, not to exceed $261,234, over the term of the Contract. Rates include all travel and expenses. Invoices for the technical assistance services will be itemized and billed each month throughout the term of the Contract The Contractor shall submit invoices for payment. During Phase 1 of this Contract, through June 30, 2006, under no circumstances shall Contractor be entitled to invoice for, nor shall the Department be obligated to pay, more than sixty percent (60%) of the phase one contract price until Contractor has provided and the Department accepted all deliverables required by Section 3, Service Requirements, of the RFP. In addition, Contractor’s failure to timely provide deliverables in accordance with Section 3, Service Requirements, of the RFP may result in a reduction of the Phase 1 contract price of up to five percent (5%). During Phase 2 of this Contract, Contractor shall be entitled to invoice monthly one-eleventh of the Base Second Phase Contract Price and the value of technical assistance services. The Department shall not be obligated to pay more than seventy five percent (75%) of invoiced amounts until the Contractor has provided and the Department accepted all deliverables required by Attachment 2 of the Contract. In addition, Contractor’s failure to timely provide deliverables in accordance with Attachment 2 may result in a reduction of the Base Second Phase Contract Price of up to five percent (5%). The Department shall pay all approved claims in a timely manner in accordance with Iowa Code § 8A.514(3). The Department shall have the right to di...
Sample 1
Payment Terms and Compensation. 6.1.3 Desk reviews and cost settlements for remedial service providers, habilitation waiver service providers and community mental health centers (CMHC): SFY 2008 - $228,800 SFY 2009 - $235,650 SFY 2010 - $242,750‌
Sample 1
Payment Terms and Compensation. The Contractor acknowledges that this is a fixed price performance based Contract and that the Contractor is obligated to perform all of the Contractor’s responsibilities and meet all of the Contractor performance standards in this Contract. DHS acknowledges that it is responsible for meeting all State responsibilities in the RFP and the Contract. The price for this Contract is $695,000. The Contractor shall submit invoices for payment. Under no circumstances shall Contractor be entitled to invoice for, nor shall the Department be obligated to pay, more than sixty percent (60%) of the full contract price until Contractor has provided and the Department accepted all deliverables required by Section 3, Service Requirements, of the RFP. In addition, Contractor’s failure to timely provide deliverables in accordance with Section 3, Service Requirements, of the RFP may result in a reduction of total contract price of up to five percent (5%). The Department shall pay all approved claims in a timely manner in accordance with Iowa Code § 8A.514(3) (2005). The Department shall have the right to dispute any invoice submitted for payment and withhold payment of any disputed amount if the Department believes the invoice is inaccurate or incorrect in any way. If a proper claim for contractual services that is currently payable remains unpaid after sixty days following the receipt of the claim or the satisfactory delivery, furnishing, or performance of the services, the state shall pay interest at the rate of one percent per month on the unpaid amount of the claim. However, this provision does not apply to the extent that interest would be paid by federal funds. Iowa Code § 8A.514(3). The Department’s payment of invoices in less than sixty (60) days in no way acts as a waiver of this statutory mandate. Unless otherwise agreed in writing by the parties, the Contractor shall not be entitled to receive any other payment or compensation from the State for any goods or services provided by or on behalf of the Contractor under this Contract. The Contractor shall be solely responsible for paying all costs, expenses and charges it incurs in connection with its performance under this Contract. If the Agency in good faith determines that the Contractor has failed to perform or deliver any service or product as required by this Contract, the Contractor shall not be entitled to any compensation under this Contract until such service or product is performed or delivered. In this even...
Sample 1
Payment Terms and Compensation. 6.1.6 Assistance to the Department in administering the IowaCare Program: SFY 2008 - $52,000 SFY 2009 - $52,000 SFY 2010 - $52,000
Sample 1
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Payment Terms and Compensation. Contractor acknowledges that this is a fixed price performance based Contract and that the Contractor is obligated to perform all of the Contractor’s Responsibilities and meet all of the Contractor Performance Standards in this Contract. DHS acknowledges that it is responsible for meeting all State Responsibilities in the RFP and this Contract. The prices for Operations (excluding postage) in the Base Term are: SFY 2006 $181,500 SFY 2007 $142,000 SFY 2008 $152,800 The prices for the two (2) Renewal Option Years are: SFY 2009 $164,600 SFY 2010 $177,600 The Change Service Request (CSR) hourly rate is $85 per hour. Beginning August 01, 2005, the Contractor may submit a Department approved invoice for one-twelfth (1/12) of the amount of the annual contract price. Not withstanding section 18.1, if the Contractor’s annual volume of work, which is capable of being measured in terms of units per year increases more than fifteen percent (15%) from the preceding year, the Contractor may request an increase in the monthly payment if the Contractor can show that the increased volume directly affects the Contractor’s costs. Whether the Department grants the Contractor’s request and the amount of any increase is at the sole discretion of the Department and is not subject to the dispute provisions in Section 19.9. In addition, if the Contractor’s annual volume of work, measured in terms of units per year, decreases more than fifteen percent (15%) from the preceding year, the Department may decrease the monthly payment to reflect current usage. However, in making such a determination, the Department will take into consideration any cost savings brought to the system by Contractor’s enhancements or system improvements. Any decrease in compensation will only occur after the first full year of performance under this Contract, and any reanalysis will only occur thereafter on a yearly basis.
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Payment Terms and Compensation 
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Related to Payment Terms and Compensation

  • Fees and Compensation Managers and Officers may receive such compensation and fees, if any, for their services, and such reimbursement for expenses, as may be determined by resolution of the Board.

  • Services and Compensation Consultant agrees to perform for the Company the services described in Exhibit A (the “Services”), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • EMPLOYMENT TERM AND COMPENSATION A. The Board hereby employs the Employee for a salary of $3,604 per bi-weekly pay period ($93,700/Annualized), payable in installments less any legally authorized deductions as the DBM D61, Associate Xxxx, Biological and Health Sciences Division.

  • SALARIES AND COMPENSATION 47 Section 17.1. Base Pay and Merit Increases……………………………………….. 47 Section 17.2. Employee's Contribution to OPERS……………………………….… 49 Section 17.3. Salary Deductions……………………………………………………... 50 Section 17.4. Working Out of Classification.......................................................... 50 Section 17.5. Shift Differential............................................................................... 51 Section 17.6. Service Credit................................................................................. 51 Section 17.7. Adoption Assistance Program......................................................... 52 Section 17.8. Pre-Tax Dependent Care Program................................................. 53 Section 17.9. Wage Rate Adjustment.................................................................. 53 Section 17.10. Individual Classification Pay Grade Assignment Change…………… 53 ARTICLE 18 – INSURANCE…………………………………………………………. 53 Section 18.1. Health and Hospitalization, Prescription Drug, Disability, Dental and Vision Coverage…………………………………………………………………… 53 Section 18.2. Cost……………………………………………………………………... 58 Section 18.3. Life Insurance………………………………………………………….. 59 Section 18.4. Continuation of Benefits while on Unpaid Leave…………………… 60 Section 18.5. Terms of Insurance Policies to Govern……………………………... 60 Section 18.6. IRC Section 125 Plan…………………………………………………. 60 Section 18.7. Disability Leave………………………………………………………… 60 Section 18.8. Benefits Booklet……………………………………………………….. 62 Section 18.9. Training…………………………………………………………………. 62

  • Callout Compensation A regular employee who is called back to work outside their regular working hours shall be compensated for a minimum of three hours at overtime rates. They shall be compensated from the time they leave their home to report for duty until the time they arrive back upon proceeding directly to and from work.

  • WAGES AND COMPENSATION Section 1:

  • Employees and Compensation Schedule 3.12 contains a true and complete list of all employees of the Station, their job description, date of hire, salary and amount and date of last salary increase. Schedule 3.12 also contains a true and complete list as of the date of this Agreement of all employee benefit plans or arrangements applicable to the employees of the Station and all fixed or contingent liabilities or obligations of Seller with respect to any person now or formerly employed by Seller at the Station, including pension or thrift plans, individual or supplemental pension or accrued compensation arrangements, contributions to hospitalization or other health or life insurance programs, incentive plans, bonus arrangements, and vacation, sick leave, disability and termination arrangements or policies, including workers' compensation policies, and a description of all fixed or contingent liabilities or obligations of Seller with respect to any person now or formerly employed at the Station or any person now or formerly retained as an independent contractor at the Station.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Employment and Compensation The following terms and conditions will govern the Executive’s employment with the Company throughout the Term.

  • Termination Compensation Termination Compensation equal to two (2) times the Executive's Base Period Income shall be paid to the Executive in a single sum payment in cash on the thirtieth (30th) business day after the later of (a) the Control Change Date and (b) the date of the Executive's employment termination; provided that if at the time of the Executive's termination of employment the Executive is a Specified Employee, then payment of the Termination Compensation to the Executive shall be made on the first day of the seventh (7th) month following the Executive's employment termination.

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