Location Bonus Clause Samples
A Location Bonus clause provides additional compensation to employees or contractors who work in specific locations, typically those considered remote, hazardous, or otherwise less desirable. This bonus is usually a fixed amount or a percentage of base pay, and is applied to incentivize personnel to accept assignments in these areas. The core function of this clause is to attract and retain talent in locations where staffing might otherwise be difficult due to challenging conditions or higher costs of living.
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Location Bonus. For an Eligible CHP Facility located in a high-value location, pursuant to D. 09-xx-xxx, each Monthly Contract Payment for the entire contract term shall receive a Location Bonus calculated as follows: Location Bonus = Sum of monthly ▇▇▇ Period Payments * 0.10
Location Bonus. If the Generating Facility is located in a “High-Value Area” as set forth below, each Monthly Contract Payment for the entire Term shall receive a Location Bonus calculated as follows: Location Bonus = Sum of monthly ▇▇▇ Periodn Payments * 0.10 The Generating Facility shall be deemed to be located in a High-Value Area if it is interconnected to Buyer’s electric system at a location which, in the year of the Effective Date, is identified pursuant to CPUC D. ▇▇-▇▇-▇▇▇ (as modified by other AB 1613 Decisions) as a “Local Resource Adequacy” area based on the most recent CAISO Local Capacity Requirement Study adopted by the CPUC.
Location Bonus. If the Generating Facility is located in a “High-Value Area”, as set forth below, each Monthly Contract Payment for the entire Term shall receive a Location Bonus calculated as follows: Location Bonus = Sum of monthly ▇▇▇ Periodn Payments x 0.10. The Generating Facility shall be deemed to be located in a High-Value Area if it is interconnected to Buyer’s electric system at a location which, in the year of the Effective Date, is identified pursuant to CPUC Decision ▇▇-▇▇-▇▇▇ (as modified by CPUC Decisions 10-04- 055, ▇▇-▇▇-▇▇▇ and 11-04-033) as a “Local Resource Adequacy” area based on the most recent CAISO Local Capacity Requirement Study adopted by the CPUC. {Buyer Comment: Information regarding High Value Areas within Buyer’s electric system can be found at Buyers website at: ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/EnergyProcurement/renewables/AB1613.htm
Location Bonus. Executive shall also be entitled to a one-time bonus of $20,000 payable if, and only if, any new rental locations opened by the Company and designated by the Company in writing as a location for which Executive will be responsible achieves cumulative earnings before interest, taxes, depreciation and amortization (“EBITDA”) of $1,000,000 within 18 months of the opening of such new rental location. The above bonus shall be payable within 30 days of the Company’s filing of it Form 10-Q or Form 10-K (with respect to the fourth quarter of any fiscal year) for the quarter in which such bonus is earned.