Common use of Rates for Services Clause in Contracts

Rates for Services. COMPANY agrees to pay Fees to ADITI for the Services at the rates set forth in each Statement of Work. After the first three months of this Agreement, if Company is not satisfied with the quality of the Services provided by Aditi, Company will pay the Fees as follows: 90% for ongoing work on a monthly basis, and the remaining 10% on a quarterly basis upon satisfactory completion of Acceptance Tests. Each Aditi engineer devoted to Company projects will submit detailed time sheets identifying work performed and the applicable Statement of Work. In turn, each invoice for Services will include a detailed summary of work performed (hours, billing rate for individual performing the Services, etc.). Aditi employees are eligible for leave and nationally recognized holidays in India.

Rates for Services. COMPANY Company agrees to pay Fees to ADITI Aditi for the Services at the rates set forth in each Statement of Work. After the first three months of this Agreement, if Company is not satisfied with the quality of the Services provided by Aditi, Company will pay the Fees as follows: 90% for ongoing work on a monthly basis, and the remaining 10% on a quarterly basis upon satisfactory completion of Acceptance Tests. Each Aditi engineer devoted to Company projects will submit detailed time sheets identifying work performed and the applicable Statement of Work. In turn, each invoice for Services will include a detailed summary of work performed (hours, billing rate for individual performing the Services, etc.). Aditi employees are eligible for leave and nationally recognized holidays in India.