Performance Incentive Fee Sample Clauses
A Performance Incentive Fee clause establishes a system for rewarding a party, typically a contractor or service provider, for exceeding predefined performance targets or benchmarks. This clause outlines the criteria for earning the incentive, such as achieving project milestones ahead of schedule, surpassing quality standards, or delivering cost savings, and specifies the method for calculating and paying the additional fee. Its core practical function is to motivate superior performance by aligning the interests of the parties and encouraging outcomes that benefit both sides.
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Performance Incentive Fee. During the first year of operations at any Affiliate commencing services after the Master Renewal Date, there will be no Performance Incentive Fee assessed to the Affiliate. For Affiliates whose Affiliate Start Date falls after November of 2006 and before the Master Renewal Date, their will be no Performance Incentive Fee for the first Affiliate Contract Year. In all subsequent years the Affiliate shall pay Accretive [**]% of the measured Revenue Improvement and Additional Revenue Improvement as a Performance Incentive Fee. The calculation of the Performance Incentive Fee shall include a credit for the Management and Technology Fee for the period. The Performance Incentive Fee shall be calculated in accordance with the Operating Protocols adopted by the parties. Revenue Improvement and Additional Revenue Improvement are defined in the Operating Protocols.
Performance Incentive Fee. In addition to the minimum (or base fee) to be paid hereunder, if any, the Contractor may earn a Performance Incentive Fee as determined by the Fee Determining Official (FDO). The Government's purpose in granting a Performance Incentive Fee is to encourage and reward superior Contracting effort directed toward performance of this contract. The specifics for evaluation are set forth in Attachment 4 – Performance Incentive Fee Plan. CLAUSES INCORPORATED BY FULL TEXT HQ B-2-0004 EXPEDITING CONTRACT CLOSEOUT (NAVSEA) (DEC 1995)
(a) As part of the negotiated fixed price or total estimated amount of this contact, both the Government and the Contractor have agreed to waive any entitlement that otherwise might accrue to either party in any residual dollar amount of $500 or less at the time of final contract closeout. The term “residual dollar amount” shall include all money that would otherwise be owed to either party at the end of the contract, except that, amounts connected in any way with taxation, allegations of fraud and/or antitrust violations shall be excluded. For purposes of determining residual dollar amounts, offsets of money owed by one party against money that would otherwise be paid by that party may be considered to the extent permitted by law.
(b) This agreement to waive entitlement to residual dollar amounts has been considered by both parties. It is agreed that the administrative costs for either party associated with collecting such small dollar amounts could exceed the amount to be recovered. CLAUSES INCORPORATED BY FULL TEXT HQ B-2-0007 LIMITATION OF COST/LIMITATION OF FUNDS (NAVSEA) (SEP 1990) The clause entitled "LIMITATION OF COST" (FAR 52.232-20) or "LIMITATION OF FUNDS" (FAR 52.232-22), as appropriate, shall apply separately and independently to each separately identified estimated cost. CLAUSES INCORPORATED BY FULL TEXT 0305, 0307, 0403, 0405, 0407, 0503, 0505, 0507, 0601, 0603, 0605, 0701, 0703, and 0705.
(a) Invoices for engineering services and overtime shall contain the name(s) of engineer(s), date(s) and place(s) of performance, and a brief description of the services performed. This information may be included in the Comments tab of the applicable WAWF document. Each invoice shall be accompanied by a copy of the authorization for services and the original certification of performance. These documents may be attached to the invoice as described in the Invoice Instructions in Section G. A copy of each invoice shall be furnished to th...
Performance Incentive Fee. In addition invoiced services fees and preapproved overhead bonuses/commissions described herein, Company shall pay DX fifteen (15) days after the end of each quarter: