Method of Computing Compensation Sample Clauses

Method of Computing Compensation. (a) Direct Labor Rates. The direct labor rates in Appendix C shall be fixed at that level until 12 months after effective date of this Agreement. Direct Salary Rates in Appendix C may be adjusted 12 months after the effective date of this Agreement. No single rate may be increased by more than three percent without prior written approval of the SFMTA.
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Method of Computing Compensation. The SFMTA will compensate Contractor for a Task Order using negotiated lump sum pricing for each Task. A negotiated lump sum price compensates Contractor for all costs and expenses (including but not limited to salary and other labor costs, benefits, materials and equipment costs, applicable sales tax and profit). Contractor assumes the risk that the level of effort required to complete a Task may exceed the negotiated lump sum compensation negotiated for a Task. The SFMTA will not receive a credit or refund if the Contractor completes the Task with less effort or resources than estimated when the parties negotiated the lump sum price for that Task. The parties may divide the negotiated lump sum price for a Task into milestone payments that the City shall pay upon Contractor’s completion of Work or deliverables specified in the Task Order.

Related to Method of Computing Compensation

  • Method of Compensation It is understood by the parties that, insofar as pay is concerned, employees temporarily filling a position in a higher broadband level shall be paid according to the same compensation method as promoted employees pursuant to the Rules of the State Personnel System.

  • Callout Compensation A regular employee who is called back to work outside their regular working hours shall be compensated for a minimum of three hours at overtime rates. They shall be compensated from the time they leave their home to report for duty until the time they arrive back upon proceeding directly to and from work.

  • Reporting Compensation (a) Reporting time is the time designated or recognized as the start of the daily workshift or weekly work schedule.

  • Method of Salary Payment Section One. Workers'

  • Lump Sum Compensation Lump sum computation refers to the method of payment under this Agreement for the professional services of the Consultant.

  • Show-Up Compensation An employee who is scheduled for work and reports for work, except for situations addressed in Article 123--Inclement or Hazardous Conditions, and is released from work shall be paid the equivalent of two

  • Extra Compensation 1. CTSO Advisors will be paid twenty-five ($25) per hour (capped at eight (8) hours per day) for non-discretionary CTSO activities (e.g., conferences, conventions, and competitions) involving students on days not scheduled as part of the regular school year calendar.

  • Basic Compensation (a) SALARY. Executive will be paid an annual base salary of $115,000.00, subject to adjustment as provided below (the "Salary"), which will be payable in equal periodic installments according to Employer's customary payroll practices, but no less frequently than monthly. The Salary will be reviewed by the Board of Directors not less frequently than annually, and shall be increased on each anniversary of the Effective Date during the term hereof by an amount equal to not less than ten percent (10%) of the prior year's base salary.

  • Payment of Compensation Consultant shall submit to City a monthly itemized statement which indicates work completed and hours of Services rendered by Consultant. The statement shall describe the amount of Services and supplies provided since the initial commencement date, or since the start of the subsequent billing periods, as appropriate, through the date of the statement. City shall, within 30 days of receiving such statement, review the statement and pay all approved charges thereon.

  • Reduction of Compensation If the Firm fails to meet the submission date by less than thirty days for the draft report and/or working papers submitted to the Office of the State Auditor for review and approval or by less than thirty days from the completion date for the final reports and/or corrections to the working papers prescribed herein, the District may, with the consent of the Office of the State Auditor, reduce the agreed compensation by an amount not to exceed ten percent of the total contract price for the applicable fiscal year. If reports and/or corrections to the working papers are overdue by 30 days or more, the District may reduce, with the consent of the Office of the State Auditor, the agreed compensation by an amount not to exceed twenty percent of the total contract price for the Rev. 10/20 applicable fiscal year.

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