5. PAYMENT TERMS5.1 The rate for a Full-Time Attendant shall be calculated on a monthly basis at OMR 760 (seven hundred and sixty) per Full Time Attendant and AED OMR 800 (eight hundred) per Full Time Supervisor.5.2 The rate for Part-Time Attendants shall be calculated on an hourly basis at OMR 24.986 (twenty four 986/1000) per hour per attendant.In case of late payment by the Hotel, the following penalty charges will be imposed to the Hotel by the Operator:Late Payment by 60 days after date of invoice: 15% Late Payment by 90 days after date of invoice: 20%5.3 The rates referred to at Clauses 5.1 and 5.2 above cover all cost of operations including but not limited to, transportation, salaries, accident insurance, and workmen's compensation insurance and all overtime paid to part-time attendants.5.4 It is agreed between the Parties that the Valet Services provided by the Operator shall be charged to the Hotel on a monthly basis at month end, based on the number of Full-Time and Part-Time Attendants providing the Valet Services at the Sites throughout such month, and paid by the Hotel within 30 (thirty) days of receipt of an invoice from the Operator.