M&V Plan Clause Samples

The M&V Plan clause defines the requirements and procedures for measuring and verifying the performance of a project, typically in the context of energy savings or efficiency improvements. It outlines the methods, metrics, and data collection processes that will be used to assess whether the project achieves its intended outcomes, such as specifying baseline conditions, measurement intervals, and reporting formats. This clause ensures that both parties have a clear, agreed-upon framework for evaluating results, thereby reducing disputes and providing accountability for performance guarantees.
M&V Plan. In general, the M&V Services: (a) are required to be performed for the entire Guarantee Term; (b) may employ one or more of Options A, B, C or D; and (c) include delivering a report on an annual basis, for either the entire Guarantee Term, or for a shorter M&V reporting term. The details of the M&V Services are set forth in the M&V Plan, as described in detail in Exhibit D-7, which takes precedence over the general description in this Section B.1.3.
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M&V Plan. The Participant shall fulfill all of its obligations pursuant to the M&V Plan. The Parties acknowledge and agree that after the Effective Date, the Parties may mutually agree to amend the M&V Plan without the execution of a formal amendment to this Agreement in accordance with Section 11.13.
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M&V Plan. In general, the M&V Services:
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M&V Plan. The Participant will fulfill all of its obligations as required pursuant to the M&V Plan, including, without limitation, providing all relevant data and any other information required pursuant to the M&V Plan.
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M&V Plan. The Participant shall submit an M&V Plan that aligns with the requirements of the EE Auction Pilot M&V Procedures for each Energy Efficiency Resource for which the Participant has been awarded an EE Capacity Obligation at least sixty (60) calendar days prior to the start of the first Obligation Period to which the Energy Efficiency Resource relates. The M&V Plan is subject to the IESO’s approval, acting reasonably. Upon approval, the M&V Plan is deemed to be incorporated into this Agreement, with the same force and effect as though fully set forth herein. The Participant shall fulfill all of its obligations pursuant to the M&V Plan.‌
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Related to M&V Plan

  • Company Plans Section 5.10(a)........................................23 Company...................................................

  • Plan The Award and all rights of the Participant under this Agreement are subject to the terms and conditions of the provisions of the Plan, incorporated herein by reference. The Participant agrees to be bound by the terms of the Plan and this Agreement. The Participant acknowledges having read and understanding the Plan, the Prospectus for the Plan, and this Agreement. Unless otherwise expressly provided in other sections of this Agreement, provisions of the Plan that confer discretionary authority on the Board or the Administrator do not (and shall not be deemed to) create any rights in the Participant unless such rights are expressly set forth herein or are otherwise in the sole discretion of the Board or the Administrator so conferred by appropriate action of the Board or the Administrator under the Plan after the date hereof.

  • Incentive Plans During the Term of this Agreement, Executive shall be entitled to participate in all bonus, incentive compensation and performance based compensation plans, and other similar policies, practices, programs and arrangements of the Company, now in effect or as hereafter amended or established, on a basis that is commensurate with his position and no less favorable than those generally applicable or made available to other executives of the Company. The Executive's participation shall be in accordance with the terms and provisions of such plans and programs. Participation shall include, but not be limited to:

  • Stock Plans With respect to the stock options (the “Stock Options”) granted pursuant to the stock-based compensation plans of the Company and its subsidiaries (the “Company Stock Plans”), (i) each Stock Option intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended (the “Code”), so qualifies, (ii) each grant of a Stock Option was duly authorized by all necessary corporate action, including, as applicable, approval by the board of directors of the Company (or a duly constituted and authorized committee thereof) and any required stockholder approval by the necessary number of votes or written consents, and the award agreement governing such grant (if any), to the Company’s knowledge, was duly executed and delivered by each party thereto, (iii) each such grant was made in all material respects in accordance with the terms of the Company Stock Plans, and (iv) each such grant was properly accounted for in accordance with generally accepted accounting principles as applied in the United States (“GAAP”) in the financial statements (including the related notes) of the Company.

  • Termination of Employee Plans The Company shall have provided Parent with evidence, reasonably satisfactory to Parent, as to the termination of the benefit plans referred to in Section 5.12.