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2004 Greetings Program -County of Hawaii/Department of Research and Development <br /> BT-04-11 <br /> ATTACHMENT2 <br /> COMPENSATION AND METHOD OF PAYMENT SCHEDULE <br /> Notwithstanding the amount requested in the PROPOSAL or representations to <br /> the contrary, the total compensation for services to be provided by the CONTRACTOR <br /> under this Contract shall be the sum of money not to exceed SEVENTY-FIVE <br /> THOUSAND AND NO/100 DOLLARS ($75,000.00), tax inclusive. Payment shall be <br /> <br /> made by the STATE to the CONTRACTOR in accordance with paragraph 17 crf the <br /> <br /> "General Conditions," and shall be subject to the following provisions: <br /> 1. TWENTY-FIVE THOUSAND AND NO/100 DOLLARS ($25,1)00.00) <br /> after the Contract is fully executed, the CONTRACTOR has received a <br /> notice to proceed from the STATE, the STATE has received and approved <br /> an original invoice for said amount, a schedule of al] advertising and <br /> promotional activities if applicable, and proof of 100% matching funds in <br /> the amount of SEVENTY-FNE THOUSAND AND NO/100 DOLLARS <br /> ($75,000.00), and the STATE has received and approved a progress report <br /> covering the period of January 1 to June 30, 2003 as required by contract <br /> BT-03-13. <br /> 2. TWELVE THOUSAND FNE HUNDRED AND NO/100 DOLLARS <br /> ($12,500.00) on or about April 1, 2004 and upon the prior receipt of an <br /> original invoice for said amount and STATE approval of a written <br /> progress report describing the status of all work required under this <br /> Contract, including, but not limited to, all data as required for the final <br /> written report outlined in Attachment 1, Item 8 of this Contract. <br /> 3. TWELVE THOUSAND FNE HUNDRED AND NO/100 DOLLARS <br /> ($12,500.00) on or about July 1, 2004 and upon the prior receipt of an <br /> original invoice for said amount and STATE approval of a written <br /> progress report describing the status of all work required under this <br /> Contract, including, but not limited to, all data as required for the final <br /> written report outlined in Attachment 1, Item 8 of this Contract. <br /> 4. TWELVE THOUSAND FIVE HUNDRED AND NO/100 DOLLARS <br /> ($12,500.00) on or about October 1, 2004 and upon the prior receipt of an <br /> original invoice for said amount and STATE approval of a written <br /> progress report describing the status of all work required under this <br /> Contract, including, but not limited to, all data as required for the final <br /> written report outlined in Attachment 1, Item 8 of this Contract. <br /> 3 <br /> <br />