Annual Performance Contract Clause Samples
Annual Performance Contract. Subject to the terms and conditions hereof and the terms of the Structural Agreement, OCF and the City enter into this annual contract that sets forth the City’s financial support for OCF (the “Grant”), and that establishes measurable performance standards for OCF aligning with OCF’s strategic plan. The City’s Grant shall be used solely for the operations and capital expenditures of Overture Center. The Grant will be for calendar year 2023 (“Grant Period”) subject to annual appropriation by the City. OCF applied for a Grant on or before August 1, 2022 and will do so on or before August 1 for each subsequent calendar year. This Annual Performance Contract will be attached to the Grant request. Unless terminated earlier as provided herein, this Agreement shall automatically terminate effective December 31, 2023.
Annual Performance Contract. Subject to the terms and conditions hereof, OCF and the City enter into this annual contract that sets forth the City’s financial support for OCF, and that establishes measurable performance standards for OCF, as the City does with other grant recipients from the City. The first grant will be for calendar year 2012 (“Grant Period”) subject to annual appropriation by the City. OCF will apply for a grant on or before August 1, 2011 and on or before August 1 for each subsequent calendar year. This Annual Performance Contract will be attached to the grant request. Unless terminated earlier as provided herein, this Agreement shall automatically terminate effective December 31, 2012.