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B-1 <br />EXHIBIT B <br />SERVICES AGREEMENT <br />METHOD OF COMPENSATION <br />A.Definitions <br />“Contract Year” is January 1 to December 31 for each calendar year that this Agreement <br />is in effect. <br />“Contract Year Guarantee Amount” for each Contract Year is as follows: <br />Contract Year Guarantee Amount <br />January 1 – December 31, 2025 $75,000 <br />January 1 – December 31, 2026 $77,500 <br />January 1 – December 31, 2027 $80,000 <br />January 1 – December 31, 2028 $82,500 <br />January 1 – December 31, 2029 $85,000 <br />“Total Gross Billings” means all revenue generated from the sale of space on Everett <br />Transit properties less any commission, not to exceed the negotiated percentage fee <br />deducted by or paid or payable to advertising agencies or sales representatives other <br />than the Supplier with respect to advertising placed by the Supplier through such <br />agencies or representatives. All art, production, and installation fees paid to Supplier <br />shall not be included in the calculation of Total Gross Billings. Supplier’s monthly <br />reporting to Everett Transit shall clearly reflect totals for revenue generated from sale of <br />space and other categories of sale less any commission. The monthly reports need not <br />include art, production, and installation fees because such fees are not included in Total <br />Gross Billings or in the calculation of the City Gross Billings Share. <br />“City Share Percentage” for each Contract Year is fifty-five percent (55%) <br />“City Gross Billings Share” for a Contract Year is the product of that Contract Year’s <br />Total Gross Billings multiplied by the City Share Percentage. <br />B.Compensation. For each Contract Year, Supplier shall pay to the City either (a) the <br />Contract Year Guarantee Amount or (b) that Contract Year’s City Gross Billings Share, <br />whichever of (a) or (b) is greater. This will be paid as follows: <br />1.Supplier will pay the Contract Year Guarantee Amount for each Contract Year in <br />accordance with the due-date table below. <br />2.The Supplier deliver the following to the City in accordance with the due -date <br />table below: