Shared Cost Clause Samples
The Shared Cost clause establishes how expenses related to a particular project or agreement will be divided among the involved parties. Typically, it outlines the specific costs that are subject to sharing, the proportion or method by which each party contributes, and the process for reimbursement or payment. This clause ensures that financial responsibilities are distributed fairly and transparently, reducing the risk of disputes over payment and clarifying each party’s obligations.
Shared Cost. Following ratification of this Agreement by both parties herein, said parties shall share equally the cost of preparing and distributing a sufficient number of copies to all members of the bargaining units and designated management personnel. Additionally, the District shall distribute a copy of this Agreement to all new employees covered by the Memorandum of Understanding.
Shared Cost. In addition to Rent, Tenant shall pay all costs and expenses relating to the Premises of any kind or nature whatsoever. Such costs and expenses shall include, without limitation, all amounts attributable to, paid or incurred in connection with the ownership, operation, repair, restoration, maintenance and management of the Premises; real property taxes; rent taxes; gross receipt taxes (whether assessed against the City or assessed against the Tenant and collected by the City, or both); water and sewer charges; insurance premiums; utilities; refuse disposal; lighting (including outside lighting); fire detection systems including monitoring, maintenance and repair; security; janitorial services; labor; air-conditioning and heating; maintenance and repair costs and service contracts; costs of licenses, permits and inspections; and all other costs and expenses paid or incurred with respect to the Premises. Payments shall be made to City within ten (10) days of the date of invoice submitted to Tenant. Tenant agrees to pay City the sum of Six Hundred and Fifty Dollars ($650.00) per month for the following: (i) water, (ii) gas, (iii) electricity, and (iv) refuse disposal. Payment shall be made to City on or before the first day of each month during the Term. The first month shall be prorated and payment is due upon execution of this Agreement.
Shared Cost. Upon the mutual agreement of City and Developer, City shall undertake CEQA and NEPA compliance, if any, required beyond the EIR/EIS in connection with the Ports O’ Call Redevelopment Site and Developer’s proposed plans. If in the Harbor Department’s reasonable discretion, with ▇▇▇▇▇▇▇▇▇’s prior written approval of the scope of work and estimated costs, and upon receipt and processing of Developer’s Application for Permit (“APP”) by the Harbor Department, or earlier if mutually agreed by parties, the Harbor Department shall engage the services of consultants (“Outside Consultants”) to enable the Harbor Department to comply with CEQA/NEPA (including, without limitation, causing any environmental impact report, negative declaration or mitigated negative declaration to be prepared and issued) in connection with the Ports O’ Call Redevelopment Site and Developer’s proposed plans. Developer shall reimburse the Harbor Department within thirty (30) days after receipt of any written request (accompanied by invoice or other satisfactory back-up documentation) from the Harbor Department for seventy-five percent (75%) of the cost of the approved services provided by the Outside Consultants through the date of the request. If necessary, City and Developer shall in good faith negotiate and execute a separate agreement regarding reimbursement for CEQA/NEPA expenses (“CEQA/NEPA Cost Sharing Agreement”) prior to City incurring additional CEQA/NEPA related expenses after such reasonable requests for information from the Outside Consultants. The CEQA/NEPA Cost Sharing Agreement shall only apply to Outside Consultants engaged by the City to assist City in its compliance with CEQA/NEPA for the Ports O’ Call Redevelopment Project. Developer shall be solely responsible for costs and expenses of any CEQA/NEPA consultants it engages to assist Developer in its development process.
Shared Cost. All benefit costs are shared between the bargaining unit employee and Cowichan Tribes. These costs vary according to coverages and rates of pay.
Shared Cost. The Association and the Union shall share equally in any cost of the printing of the Agreement.
Shared Cost. Following ratification of this Agreement by both
Shared Cost. The Parties agree that they will each fund a not to exceed amount of $100,000 ($200,000 total) towards completion of the market analysis.