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<br /> <br />EXHIBIT B <br />SERVICES AGREEMENT <br />METHOD OF COMPENSATION <br />A. Definitions <br />“Contract Year” is [date] to [date] during the term that this Agreement is in effect. <br />“Contract Year Guarantee Amount” for each Contract Year is $___________. <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. <br />“City Share Percentage” for each Contract Year is ______________ percent (__%) <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 <br />each [date] in accordance with the due-date table below. <br />2. The Supplier deliver the following to the City each [date] in accordance with the <br />due-date table below: <br />➢ Supplier will deliver a reconciliation report consisting of an accounting of <br />Total Gross Billings and City Gross Billing Share for the preceding Contract <br />Year, together with any backup information reasonably requested by the <br />City. <br />➢ If the City Gross Billing Share for the preceding Contract Year is in excess of <br />the Contract Year Guarantee Amount paid to the City for that preceding <br />Contract Year, then Supplier will deliver payment in an amount equal to such <br />excess. <br />Contract Year <br />Due Date for Payment <br />of Contract Year <br />Guarantee Amount <br />Due Date for Delivery of <br />Reconciliation Report and <br />Payment of Excess <br />[Year 1, 2025] [15 days following <br />contract execution] <br />[60 days after end of contract <br />year] <br />[Year 2, 2026] [30 days of contract <br />year commencement] <br />[60 days after end of contract <br />year] <br />[Year 3, 2027] [30 days of contract <br />year commencement] <br />[60 days after end of contract <br />year] <br />Exhibit C to Services Agreement