Incentive Provisions Clause Samples
Incentive provisions are contractual clauses designed to motivate parties to achieve specific performance goals or milestones by offering additional rewards or benefits. These provisions typically outline the criteria for earning incentives, such as completing a project ahead of schedule, exceeding quality standards, or achieving cost savings, and specify the form of the incentive, which could be monetary bonuses, profit sharing, or other benefits. The core practical function of incentive provisions is to align the interests of the parties and encourage optimal performance, thereby increasing the likelihood of successful project outcomes.
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Incentive Provisions. Do the Incentive Provisions apply? (clause 46) Yes
Incentive Provisions. Do the Incentive Provisions apply? (clause 46) * For this Route Agreement, clause 46 of Annex B of the Framework Agreement shall be deleted in its entirety and replaced by the following clause: “
Incentive Provisions. 1. The Franchisor shall pay to the Franchisee 750 yen (tax included) per contract as incentive fees for voice 20G plan, voice 50G plan, data 20G plan, and data 50G plan subscribers. For voice 3G plan and data 3G plan, the Franchisor shall pay to the Franchisee 280 yen (tax included) per contract per month as incentive fees. However, it is acknowledged that the incentive fees of 750 yen (tax included) and 280 yen per contract per month may change due to changes in purchase prices and SIM sales prices.
2. The Franchisor shall pay to the Franchisee 600 yen (tax included) per unit as incentive fees for pocket Wi-Fi devices sold during the contract period. However, it is acknowledged that the incentive fee of 600 yen (tax included) per unit per month may change due to changes in purchase prices and pocket Wi-Fi sales prices.
3. Based on reports from the Franchisee as specified in Paragraphs 1 and 2 above, the Franchisor shall confirm the number of contracts at the end of each month, and based on this number, shall pay the relevant fees by the end of the following month for the number of contracts determined for that month.
4. If there are changes to the incentive fees, the Franchisor shall notify the Franchisee in advance and negotiate new incentive fees.
Incentive Provisions. 46.1 The provisions contained in this Route Agreement in relation to Performance Payments only and not the Contract Extension Criteria shall for the purposes of this clause 46 be referred to as the “Incentive Provisions”.
Incentive Provisions. Revenue Determination: The pre-tax revenues under this Rider shall be determined by reducing otherwise applicable charges, associated with the SGS, MGS, LGS, LPS, SGA, MGA, or LGA rate schedules, by 30% during the first contract year, 25% during the second contract year, 20% during the third contract year, 15% during the fourth contract year and 10% during the fifth contract year. After the fifth contract year, this incentive provision shall cease. All other billing, operational and related provisions of the aforementioned rate schedules shall remain in effect. The reductions under this Rider shall not apply to service rendered to the Customer during the three (3) months beginning with the first regular meter reading occurring on or after June 1 of each year. Bills for separately metered service to existing Customers, pursuant to the provisions of this Rider, will be calculated independently of any other service rendered to the Customer at the same or other locations.
Incentive Provisions. Any offering of direct or indirect interests in the Company to key employees and consultants of the Company shall be pursuant to such plans and arrangements as may be approved by the Members by a Supermajority Approval; provided that any such offerings shall not alter the relative Membership percentages then held by Ford and TeleTech.
Incentive Provisions. 46.1 The provisions contained in this Route Agreement in relation to Performance Payments and the Contract Extension Criteria (and as specified in clause 46.3), shall for the purposes of this clause 46 be collectively referred to as the “Incentive Provisions”.
46.2 The Corporation shall in its absolute discretion determine whether the Incentive Provisions shall apply to the Route Agreement. Without prejudice to the generality of the foregoing, the type of situations where Corporation may exercise its discretion under this clause 46 are where the Services are in respect of school routes or mobility routes.
46.3 Where at the commencement of this Route Agreement it is noted in Schedule IC that the Incentive Provisions do not apply the following provisions shall not apply to this Route Agreement:
46.3.1 clause 2, clause 9.1.2 and clause 44; and
46.3.2 Schedule IVD and Schedule IX in their entirety. all other provisions of the Route Agreement shall continue to apply provided that where any other part of the Route Agreement relates to or can reasonably be inferred as relating to the Incentive Provisions or any part thereof, such parts shall apply mutatis mutandis.
46.4 For the avoidance of doubt if the Incentive Provisions do not apply to the Route Agreement, the Operator shall not be relieved of any of its obligations in respect of the Services including without limitation the obligation to achieve the Minimum Operated Mileage Standard and the Minimum Performance Standard.