Performance assessment and variable instalments Sample Clauses

Performance assessment and variable instalments. The first instalment (or tranche) will be composed entirely of a fixed component. The second, third, and fourth instalments will have both a fixed component and a variable component. The instalment of the fixed components will be paid in full when the Government is in compliance with agreed fixed conditions, while nothing is to be paid when the Government is not in compliance with agreed fixed conditions. In case of non-compliance with the fixed component conditions of the Annual Action Programme Funds, there will be no disbursement of EaPIC Programme funds. It is important to note that compliance with fixed component conditions of the Annual Action Programme funds is a pre-condition for the review of the variable component and, therefore, non-compliance with the fixed component also means that there will be no disbursement of the variable component. Concerning the assessment of the variable components, 4 (four) aggregate performance categories will apply. Performance categories and related score and disbursement are as follows: 'unsatisfactory progress': score 0-29 and no variable tranche disbursement, 'limited progress': score 30-49 and 40% variable tranche disbursement, 'satisfactory progress': score 50-79 and a 70% variable tranche disbursement, and 'strong performance': score 80-100 and full disbursement. Funds withheld for limited performance in variable components will be lost at the end of the Programme. In duly justified cases, however, a re-assessment of unmet targets in the following year against the original target will be possible during the implementation of the Programme: if there is an overall positive trend at programme level, and if the government did not reach the target as originally scheduled because of external factors. Table D: Maximum Amounts (EUR million) to be paid and percentage of Fixed and Variable Components 1st 2nd 3rd 4th Instalment Instalment Instalment Instalment % total maximum % total maximum % total maximum % total maximum instalment amount instalment amount instalment amount instalment amount A. Fixed component Conditions Al and A2 100 13.0 50 6 25 3 10 1.3
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