Common use of ADDITIONAL FUND Clause in Contracts

ADDITIONAL FUND. Chordiant shall establish a fund of up to [ * ] per EDC employee per month to be used, at joint recommendation from Supplier and Chordiant program managers and with Steering Committee approval, towards special recognition awards, variable compensation or bonuses, or to manage attrition of EDC Personnel. On a quarterly basis, Chordiant shall have the right, in its discretion, to remove any amounts in such fund not distributed within the prior three (3) month period.