Calculating Incentive Amounts Sample Clauses

Calculating Incentive Amounts. (a) The Trust Manager will not be entitled to the KPI incentive amount in respect of any quarter if a fatality occurs on or associated with the Customer Owned and Operated Infrastructure in that quarter. (b) The Trust Manager will not be entitled to the KPI incentive amount in respect of any quarter if the Management and Procurement Contract is terminated under clause 6.3 (breach) or 6.4 (insolvency) during that quarter. (c) The KPI incentive amount is calculated as follows: (i) the Management Fees invoiced/paid for that quarter x by .16 (16% incentive amount) x assessed weighted % of achievement of Table 1 – Crew Level KPIs. Annexure B - Trust Manager KPIs (d) In assessing the Trust Manager’s performance for the purposes of determining the KPI incentive amount payable to the Trust Manager (if any), regard will be had to any adverse impact of Rivtow’s wilful misconduct, breach of contract or any negligent act or omission of any other person or entity on the Trust Manager’s performance of the Administrative Services and Partnership Services in accordance with this Management and Procurement Contract.