This document discusses making service level agreements (SLAs) between cloud service providers and customers more "compensable". It introduces the concept of a compensable SLA that provides financial compensation to customers if the provider does not meet agreed upon service level objectives (SLOs). It outlines a framework for defining compensable guarantees, calculating compensation functions based on SLOs and utility to the customer, and building tools to automate monitoring, claiming compensation, and analyzing risk. The goal is to help both providers and customers better understand performance risks, the customer's resource usage, and the potential for increased competitiveness or customer acceptance through customizable compensable SLAs.