Lump-Sum Remuneration. The Service Provider's remuneration shall not exceed the Contract Price and shall be a fixed lump-sum including all Subcontractors' costs, and all other costs incurred by the Service Provider in carrying out the Services described in Appendix A. Except as provided in Sub-Clause 5.2, the Contract Price may only be increased above the amounts stated in Sub-Clause 6.2 if the Parties have agreed to additional payments in accordance with Sub- Clauses2.4and6.3.
Lump-Sum Remuneration. The Consultant’s total remuneration shall not exceed the Contract Price and shall be a fixed lump-sum including all staff costs, Subconsultants’ costs, printing, communications, travel, accommodation, and the like, and all other costs incurred by the Consultant in carrying out the Services described in Appendix A. Except as provided in Clause 5.2, the Contract Price may only be increased above the amounts stated in Clause 6.2 if the Parties have agreed to additional payments in accordance with Clause 2.4.
Lump-Sum Remuneration. The Consultants' total remuneration shall not exceed the Contract Price and shall be a fixed lump sum including all staff costs, incurred by the Consultants in carrying out the Services described in Appendix A. Other reimbursable direct costs expenditure, if any, are specified in the SC. Except as provided in Sub-Clause 5.3, the Contract Price may only be increased above the amounts stated in Sub-Clause 6.2 if the Parties have agreed to additional payments in accordance with Sub-Clauses 2.5, 2.6, 5.4 or 6.6.
Lump-Sum Remuneration. The Insurance Provider's remuneration shall not exceed the Contract Price and shall be a fixed lump-sum. Except as provided in Sub-Clause 5.1, the Contract Price may only be increased above the amounts stated in Sub- Clause 6.2 if the Parties have agreed to additional payments in accordance with Sub-Clauses 2.3 and 6.3.
Lump-Sum Remuneration. 14 6.2 Contract Price 14 6.3 Payment for Additional Services, and Performance Incentive Compensation 14 6.4 Terms and Conditions of Payment 14 6.5 Interest on Delayed Payments 15 6.6 Price Adjustment 15
Lump-Sum Remuneration. The Employer shall use its best efforts to ensure that the Government shall provide the Service Provider such assistance and exemptions as specified in the SCC. If, after the date of this Contract, there is any change in the Applicable Law with respect to taxes and duties which increases or decreases the cost of the Services rendered by the Service Provider, then the remuneration and reimbursable expenses otherwise payable to the Service Provider under this Contract shall be increased or decreased accordingly by agreement between the Parties, and corresponding adjustments shall be made to the amounts referred to in Sub-Clauses
Lump-Sum Remuneration. This CONTRACT (hereinafter called the “Contract”) is made the [day] day of the month of [month], [year], between, on the one hand, [name of Employer] (hereinafter called the “Employer”) and, on the other hand, [name of Service Provider] (hereinafter called the “Service Provider”).
Lump-Sum Remuneration. This CONTRACT (hereinafter called the “Contract”) is made the [day] day of the month of [month], [year], between, on the one hand, [name of the Procuring Entity] (hereinafter called the “Procuring Entity”) and, on the other hand, [name and legal status of consultants] (hereinafter called the “Consultants”).
Lump-Sum Remuneration. The Guidelines give the possibility to pay a lump sum remuneration instead of, as it usually is done, annual payments based on the commercial turnover of the employer during the respective year before, if license analogy is used. In the calculation of a lump sum payment, the value of the invention is generally calculated based on the well-known Net Present Value formula which also plays an important role, particularly nowadays, i.e. in times where the determination of a monetary value of an invention even for accounting and balancing purposes relatively often has to be determined, is used for finding the appropriate “price tag” for an invention. The “Pension Formula”, according to which the NPV of an invention can be calculated, is as follows: C1 C2 Cty NPV = C0 + ------- + --------- + ….. ---------- 1+r (1+r)2 (1 + r)ty wherein C0 is the royalty cash flow in the starting year, C1 in the first year thereafter, and so on, until Cty means the royalty stream in the terminal year of (patent) protected sales. Furthermore, r is the discount rate to be applied, i.e. the average bank interest rate for lending money to be applied, e.g. 10 % interest means r = 0.1. The aforementioned NPV of an employees’ invention, at the time when the lump sum payment is to be made, has then, of course, to be multiplied by the share factor of the respective employee. Furthermore, it is worth to mention that in the aforementioned formula, different from “normal” valuation purposes, the royalty streams C0…Cty have to be calculated based on the degressed expected turnovers, calculated over the expected use time of the employees’ invention, and not on the “real” turnovers, all as discussed above under 2.5.2.2.1.2..
Lump-Sum Remuneration. 6.2 Contract Price
