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s Compensation Schedule ( 8 <br /> ® Compensation Schedule <br /> ® Contractor agrees to pay City the amount specified hereafter for the years so specified: <br /> ® Guaranteed Amount Per Year Bus Percentage Amount <br /> ® 12 Months Year One: $25,000 50% <br /> ® 12 Months Year Two: $25,000 50% <br /> ® <br /> ® 12 Months Year Three: $25,000 50% <br /> 12 Months Year Foul: $25,000 O1 50% <br /> ® 12 Months Year Five: $25,000 50% <br /> ® Contract total: $125,000 50% <br /> Q <br /> Q • Percentage payment shall be based on the amount billed less any agency commission, not the <br /> amount paid. In the event there is a legally filed bankruptcy both parties will relinquish the <br /> amount. <br /> • Houck Transit Advertising reserves the right to renegotiate annual guarantee for circumstances <br /> ® happening beyond our control including: acts of God, labor strike, acts of terrorism, or <br /> economic recession lasting four quarters. <br /> D <br /> D • Payments made monthly, guarantee amount is calculated annually. <br /> D <br /> D <br /> D <br /> D <br /> D <br /> D <br /> W <br />