![]() ![]() Further, COMMISSION is not obligated to issue any task order under this Contract.įee for Services Recipient agrees to pay to Contran $135,000.00 quarterly, commencing as of January 1, 1997, pursuant to this Agreement.Ĭompensation for Services Provided As compensation for providing portfolio supervisory services in its capacity as Portfolio Supervisor, evaluation services in its capacity as Evaluator, and for providing bookkeeping and other administrative services to the Trust of a character described in Section 26(a)(2)(C) of the Investment Company Act of 1940, and to the extent that such services are in addition to, and do not duplicate, the services to be provided hereunder by the Trustee, First Trust Advisors L.P. Individual Task Orders may be issued under this contract at any time during the term of this contract. Except for any limitations on Exhibits A and B, there is no limit on the number of Task Orders that may be issued. CONTRACTOR shall perform the work specified in approved Task Orders when and if ordered. Work shall be authorized by Task Orders issued by COMMISSION in accordance with Exhibits A and B. ![]() The total fee set forth in an approved task order includes payment of all taxes and insurance, as well as indirect costs, overhead, materials and supplies. COMISSION shall pay CONTRACTOR the fee set forth in an approved task order, attached as Exhibit C, and in accordance with the payment terms set forth in this Section V. CONTRACTOR shall only perform work under task orders issued, approved, and authorized in writing by the designated COMMISSION staff. COMMISSION shall reserve up to «WRITTEN_DOLLAR_AMOUNT» ($«Task Order_Amount») for CONTRACTOR’s performance of work specified in task orders, when and if a task order is issued by COMMISSION. COMMISSION shall not withhold federal or state payroll and other taxes, or other deductions from payments made to CONTRACTOR. The total flat fee for services total fee includes payment of all taxes and insurance, as well as indirect costs, overhead, materials and supplies. CONTRACTOR assumes all risk from contract or project delays. If CONTRACTOR exceeds its budget in the performance of the services required under this Contract, CONTRACTOR shall, at no additional cost to COMMISSION, remain solely responsible for CONTRACTOR’s performance and completion of the services required under this Contract. FLAT FEE FOR SERVICES. COMMISSION shall pay CONTRACTOR a flat fee for services of up to «WRITTEN_DOLLAR_AMOUNT» ($«Flat Fee_Amount»), as set forth in the Budget Forms, attached as Exhibit B, and in accordance with the payment terms set forth in this Section V. ![]()
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