PERFORMANCE-BASED INCENTIVE PROGRAM. 6.11.1 The Performance-Based Imitative Program is in addition to the Management Fee and provides the Parking Operator a financial incentive to perform at the highest possible level. The Performance-Based Imitative Program consists of: (i) performance incentives, and (ii) liquidated damages. Each element will assessed bi-annually starting six months after the Start Date and netted together to make up a total Performance-Based Incentive Program award. Such award, if any, shall be due and payable within 90 days.
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Sources: Parking and Shuttle Bus Operation and Management Agreement
PERFORMANCE-BASED INCENTIVE PROGRAM. 6.11.1 6.5.1 The Performance-Based Imitative Program is in addition to the Management Fee and provides the Parking Operator a financial incentive to perform at the highest possible level. The Performance-Based Imitative Program consists of: (i) performance incentives, and (ii) liquidated damages. Each element will assessed bi-annually starting six months after the Start Date and netted together to make up a total Performance-Based Incentive Program award. Such award, if any, shall be due and payable within 90 days.
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