Reporting Payment Clause Samples
The REPORTING; PAYMENT clause establishes the obligations of one party to provide regular reports and make payments to the other party as specified in the agreement. Typically, this clause outlines the frequency and format of required reports, such as sales figures or usage data, and sets deadlines and methods for payment of amounts due, like royalties or service fees. Its core function is to ensure transparency and timely financial transactions between the parties, reducing the risk of disputes over information or payment delays.
Reporting Payment. Morphic will provide ▇▇▇▇▇▇▇ with a report of the estimated amounts due under Section 2.3.1 (Allocation of Costs) in the current Calendar Quarter no later than [***] prior to the end of such Calendar Quarter. Within [***] after the end of each Calendar Quarter, unless such timing is adjusted by the Parties in writing, Morphic will provide ▇▇▇▇▇▇▇ with an invoice of actual FTE Costs and Out-of-Pocket Costs incurred in connection with the performance of the Morphic Research Activities during the prior Calendar Quarter for which ▇▇▇▇▇▇▇ is obligated to reimburse Morphic pursuant to Section 2.3.1 (Allocation of Costs), each of which invoices will contain a detailed and itemized calculation (consistent with ▇▇▇▇▇▇▇’▇ then current internal reporting format previously provided to Morphic) of such costs incurred. ▇▇▇▇▇▇▇ will pay all amounts (other than those amounts that ▇▇▇▇▇▇▇ disputes in good faith in accordance with the terms and conditions of this Agreement) set forth in each such invoice in accordance with Section 8.11 (Invoicing and Payment).
Reporting Payment. An employee who reports for work at their regularly scheduled time and is advised for the first time that there is no work available, shall be given at the Employer’s option four (4) hours’ work or four (4) hours’ pay at their applicable hourly rate. For employees regularly scheduled to work less than four (4) hours the obligation is reduced to the number of hours regularly scheduled to work. This obligation is not applicable where the employee has failed to keep the Employer aware of their telephone number.
Reporting Payment. Within five Business Days after the end of each Applicable Quarter, the Company shall deliver to Seller a notice (each, a “Closing Notice”) setting forth (i) the number of Acquired Shares to be purchased by the Company from Seller pursuant to Section 2.1, (ii) the Purchase Price and (iii) details of the calculation of the Purchase Price sufficient to allow Seller to reproduce the calculation of the Purchase Price. Subject to the satisfaction or waiver by Seller and the Company of the conditions set forth in Article 6, each closing of the purchase and sale of the Acquired Shares hereunder shall take place automatically on the third Business Day before the end of the calendar quarter immediately following each Applicable Quarter.
(a) The Company shall deliver to Seller the Purchase Price by wire transfer in accordance with the payment instructions provided to the Company from time to time by Seller; and (b) the Company shall update the register of members to reflect the delivery Seller of the Acquired Shares (and the Seller shall cooperate in providing any required signatures or confirmations needed to effect such update) and the Seller shall thereafter promptly deliver any certificates representing the Acquired Shares to the Company or its designee.
Reporting Payment. Continuous Reporting Module Periodic Reporting Module - Final Reporting
Reporting Payment. During the Term, within 30 days after the end of each calendar quarter, Trac Medical shall furnish to Homecare Association a statement based upon the amounts due pursuant to Sections 6.2 for the quarter then ended (a "Statement"). The Statement will detail the total Net Revenues collected by Trac Medical and will identify the royalty share percentage and the associated royalty dollar amount payable to Homecare Association. Homecare Association will have ten (10) business days after its receipt of the Statement to dispute any part of the Statement. Within fifteen (15) business days after receipt of the Statement by Homecare Association, Trac Medical will pay to Homecare Association the royalty dollar amounts indicated on the Statement and that are not disputed by Homecare Association. In the event Homecare Association and Trac Medical dispute the Statement, Trac Medical shall pay the undisputed amount in accordance with the previous sentence and the disputed amounts shall be paid within five (5) business days after the dispute is resolved. [ * Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.]
Reporting Payment. (a) Within three (3) weeks of the end of each calendar quarter, Licensee must submit a report by email to providing the following information for such calendar quarter (the “Report”):
(i) the total quantity of Licensed Products sold on an SKU-by-SKU and country-by-country basis (with descriptions so that each individual Licensed Product can be identified by SKU within each country);
(ii) the total Net Sales value of Licensed Products on an SKU-by-SKU and country-by-country basis;
(iii) the amount of Royalties payable to Licensor from the foregoing information (for clarity, identifying Refrigerant Royalties and 1234yf Royalties separately) and, if applicable, any associated deductions or withholding contemplated by Section 3.8;
(iv) a list of all customers who purchased Licensed Products from Licensee; and
(v) the NPS.
(b) Following receipt of each Report, Licensor will issue an invoice (each, a “Royalty Invoice”) to Licensee (within approximately two (2) weeks) stating the amount of Royalties owed by Licensee to Licensor based on Net Sales for the applicable calendar quarter. Licensee shall pay to Licensor the amount stated in each Royalty Invoice within two (2) weeks of the date such Royalty Invoice is sent by Licensor to Licensee. All payments of Royalties shall be made in U.S. Dollars and by wire transfer to: JPMorgan Chase Bank Honeywell International Inc. ABA ▇▇▇▇▇▇▇▇▇ Swift Code: ▇▇▇▇▇▇▇▇ Account Number: 662635853 HIPI Agreement Number: 2025-XXXX
Reporting Payment. An employee who reports to work as scheduled or is called into work on assigned day off and reports as requested by the Employer and no work is available, shall receive a minimum of three (3) hours pay at regular straight time hourly rate. The Employer may elect to assign the employee to any other work in the nursing home which the Employer determines the is able to perform. This reporting allowance shall not apply in the event of an emergency which disrupts the normal operations of the nursing home or whenever an employee has received prior notice not to report to work, nor shall it apply to employees returning to work without notice after absence.
Reporting Payment a) LDCI will provide Subagent with monthly commission reporting, which will include the usage of each customer solicited by Subagent and for which commission is due hereunder.
b) LDCI will pay commissions monthly. LDCI will use reasonable efforts to calculate and pay commissions within ten (10) days following payment to LDCI by MCI, which is approximately sixty (60) days after the close of an applicable billing month.
Reporting Payment. During any period that MBI is obligated to pay royalties to Nycomed under this Section 3.5, MBI shall calculate and pay the royalties quarterly, within 60 days after the end of each calendar quarter. MBI shall also provide Nycomed, within such 60-day period, with a written report for that quarter with adequate detail to support the calculation of the royalty. Royalties hereunder shall be paid in U.S. Dollars, and calculations based on sales in other currencies shall be made based on the exchange rates published in THE WALL STREET JOURNAL (the New York foreign exchange selling rates for trading among banks in amounts of $1 million or more) for the last business day in the applicable calendar quarter.
Reporting Payment. An employee who reports to work as scheduled or is called into work on his/her assigned day off and reports as requested by the Employer and no work is available, shall receive a minimum of three (3) hours pay at his/her regular straight time hourly rate. The Employer may elect to assign the employee to any other work in the nursing home which the Employer determines the employee is able to perform. This reporting allowance shall not apply in the event of an emergency which disrupts the normal operations of the nursing home or whenever an employee has received prior notice not to report to work, nor shall it apply to employees returning to work without notice after absence.