Minimum Production Requirement. The Participating Contractor is required to report, annually, a minimum of twelve (12) completed projects, and/or at least $48,000 in completed, eligible work. Following the execution of this Agreement, Contractor performance will be evaluated at 6 months. Contractors not on pace to meet minimum production requirements will be required to work with their account manager and submit a work plan for meeting Program production requirements. A Participating Contractor that fails to meet the production requirement one year after the execution of this Agreement will be placed on probation for a period of 90 days. During that time the Participating Contractor will be required to meet the annual production requirement or report a minimum of three (3) completed projects, averaging at least $4,000, to the Program. If a Participating Contractor fails to meet the project completion requirement during the probationary period, their participation in the Program will be subject to termination. Refer to Section 10.01 for additional information about Program disciplinary designations.
Minimum Production Requirement. EFP understands and agrees that achievement of the minimum product production requirements, set forth in Exhibit B, is the essence of this Agreement and that if EFP fails to meet such requirements, Distributor shall have the right to terminate this Agreement pursuant to Section 9.2 hereof with no liability to Distributor.
Minimum Production Requirement. The Provider is required to generate an average of five (5) completed Ratings per month on a rolling three (3) month basis. Following the execution of this Agreement, the Provider’s performance will be evaluated at three (3) month intervals. Providers not on pace to meet minimum production requirements will be required to work with NYSERDA and submit a work plan for meeting Pilot production requirements. Production and progress on the work plan steps will be evaluated monthly.If a Provider fails to meet the production requirements for 6 months, their participation in the Pilot may be subject to termination.
Minimum Production Requirement. The Provider is required to generate an average of five (5) completed Ratings per month on a rolling three (3) month basis. Following the execution of this Agreement, the Provider’s performance will be evaluated at three (3) month intervals. Providers not on pace to meet minimum production requirements will be required to work with NYSERDA and submit a work plan for meeting Pilot production requirements. A Provider that fails to meet the production requirement six (6) months after the execution of this Agreement will be placed on probation for a period of 60 days. During each month of probation, the Provider will be required to meet the monthly production requirement. If a Provider fails to meet the production requirement during the probationary period, their participation in the Pilot will be subject to termination. Refer to Section 9.01 for additional information about probation and termination designations.
Minimum Production Requirement. Holding Co.'s marketing subsidiary shall produce at least $2,000,000 in new insurance premium each calendar year. For the purposes of this Paragraph 4.9, new insurance premium shall mean the aggregate life insurance premiums payable during the first year a policy or contract of insurance is in effect, exclusive of (i) lump-sum cash deposits in excess of published premium rates, (ii) premiums for flexible premium life insurance contracts in excess of control premiums, and (iii) premiums for single pay contracts.
Minimum Production Requirement. If Borrower shall fail to achieve the minimum production requirements as stated in Paragraph 4.9.
