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<br /> <br /> e <br /> <br /> <br /> Attachment 3 <br /> <br /> <br /> COMPENSATION AND P ^,."MENT SCHEDULE <br /> <br /> <br /> In consideration for services to be renci; f , d by CON T R:=CTOR under this <br /> Agreement, the STATE agrees to 1~av CONTR. OR a total not to exceed FOIN <br /> THOUSAND AND NC/100 DC LIARS ($40,(-1 ; 00) in accordance with the follow:n <br /> <br /> <br /> 1. Payment shaE be made by STA i :.ipon submission of an invoice rr:~n <br /> the CONTRACTC R showing the : mount requer ed in accordance <br /> the following; schedule and shai; subject to chi, provisions of this <br /> <br /> Agreement: <br /> <br /> a. $10,000.00 upon STATE's apr: oval of CONTRACTOR's plan and <br /> <br /> budget as described in par- '7a <br /> ph A, Attaciment 1 "Scope of <br /> Services," of this Agreemeo;. <br /> b. $10,000.00 uron STATE apl°-c,vai of first quarterly report; <br /> c. $5,000.00 upon STATE apprcrrai of second quarterly report; <br /> d. $5,000.00 upon STATE apprr, ivai of third uuarterly report; <br /> e. $5,000.00 upon STATE approval of fourth quarterly report; and <br /> f. $5,000.00 upon STATE approval of the final eport and satisfactory <br /> <br /> completion of all services in accordance with this Agreement as <br /> determined by STATE. <br /> <br /> <br /> 2. It is expressly understood that , ll expenditures shall be made against <br /> budgeted items as pre-approved in the PLAN. Funds used for <br /> unauthorized expenditures shall result in the reduction in the amount to <br /> <br /> be paid to the CONTRACTOR or shall be refunded by CONTRACTOR <br /> to STATE. <br /> <br /> <br /> 3. Final payment shall be made only after issuance of written notice by the <br /> STATE to CONTRACTOR that all services performed under this <br /> Agreement have been accomplished to the satisfaction of the STATE. <br /> <br /> <br /> 4. Upon approval of the final report, any unexpended State funds shall be <br /> <br /> refunded to ST.~TE. <br />