- 12 - that part of Lessor’s payroll attributable to Lessee herein and the parties hereto recognize and understand such amount may fluctuate from time to time. In this respect, the deposit amount shall be reviewed semi- annually and the amount of the required deposit shall be renegotiated and mutually agreed upon. * * * COMPENSATION: As and for the services to be provided by Lessor to Lessee herein, Lessor shall be compensated as follows: On (day of the week) * * * starting Mo. * * * Day * * *, * * *, and on that same day of the week every * * * thereafter during the term of this Agreement, Lessee shall submit to Lessor its records reflecting the services provided to it by Lessor’s driver in the form of hours driven, miles driven or a percent of Lessee’s gross revenues attrib- utable to the services provided to Lessee by Lessor’s driver(s). Simultaneously with the delivery of such verified records, Lessee shall deliver to Lessor pay- ment for the amount of compensation payable to Lessor in the form of bank certified funds and in accordance with the compensation schedule as reflected on Exhibit A which is attached hereto and incorporated semi-annu- ally from and after the date of the Agreement and the compensation schedule shall be mutually agreed upon, initialed by the parties, and attached to this Agree- ment. SECTION SIX ADVANCES BY LESSEE TO LESSOR’S EMPLOYEES If Lessee advances cash or credit to Lessor’s driver(s) for fuel, repairs or other transportation operational expenses, Lessee shall immediately furnish Lessor with written verified disclosure thereof. If such advances are not actually expended by Lessor’s driver(s) for such purposes, and the extent such funds are not returned to Lessee by Lessor’s driver(s), Lessee shall deliver to Lessor a written claim there- fore within fourteen (14) days of the date Lessee had knowledge of the fact that the funds or credit were not actually expended by Lessor’s driver(s) and were re- tained by such driver(s). Lessor shall deduct advances from the particular driver(s) next payroll check. Provided, however, that Lessor’s obligation and duty to reimburse Lessee shall be limited to the extent the reimbursable amount shall not exceed the net wages, after all Lessor’s payroll deductions, due the particu-Page: Previous 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 Next
Last modified: May 25, 2011