Retainer Basis definition
Examples of Retainer Basis in a sentence
The project plan may be modified from time to time by mutual agreement of the parties provided that in the event the Customer seeks additional Retainer Basis Services requiring additional resources, such resources will be quantified by the Consultant and submitted to the Customer, and the Customer may elect to increase the number of retained resources to perform such additional Retainer Basis Services in accordance with the rates set forth in Schedule A.
The Customer will provide the Consultant with a list of projects that the Customer requests to be developed and/or maintained by the dedicated resources for the Retainer Basis Services.
The Retainer Basis Services are ideal on long projects where the learning curve associated with the technology does not warrant displacing or changing personnel dedicated to the Customer under any project and as such Consultant will preserve uninterrupted access and resource continuity across projects in accordance with the terms of paragraph 2(a) below.
Subject to Section 6(b) hereof, the minimum period for the Retainer Basis Services shall be [**] ([**]) months from the Effective Date of this Agreement ("Minimum Term").
The Customer shall have the right to retain from Consultant a dedicated set of engineering and project management resources for the purposes of continuity on a project or set of projects ("Retainer Basis Services").
The Retainer Basis Services terms are based on the duration of the Agreement, the number of resources to be retained by the Customer, and a minimum notice period as set forth in Section 6(b) of this Agreement in the event that the Customer wishes to terminate the Retainer Basis Services of Consultant.
In response, the Consultant will provide the Customer with a proposed project plan that includes but is not necessarily limited to a description of how the resources may be deployed and details regarding the nature of the services and deliverables with respect to the Retainer Basis Services.
Notwithstanding the previous provisions of this Section 6(b) relating to Retainer Basis Services, in the event that Customer terminates Retainer Basis Services on more than one occasion during a [**] day period (which [**] day period commences on the first such termination), then the Applicable Notice Period corresponding to the Remaining Monthly Fee at the end of such [**] day __________________ [**] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED.
A new [**] day period shall commence upon the day of the first termination of Retainer Basis Services which occurs after the end of the previous [**] day period.
In exchange for the full, prompt and satisfactory performance of Services by Consultant, Customer shall compensate Consultant at the rates set forth in Schedule A for Retainer Basis Services and Time and Materials Services and per mutual agreement of the parties for Fixed Price Services (based upon the Time and Materials Services rates set forth on Schedule A), all as referenced in Section 1 above.