Premium Value Concessions Program Clause Samples
The Premium Value Concessions Program clause establishes a framework for offering special benefits or discounts to certain customers, typically as part of a loyalty or promotional initiative. This clause outlines the eligibility criteria, the types of concessions available—such as reduced prices, bonus services, or exclusive access—and the process for customers to claim these benefits. Its core practical function is to incentivize customer engagement and reward loyalty, thereby fostering long-term business relationships and enhancing customer satisfaction.
Premium Value Concessions Program. A. The Department of Aviation has created a “Premium Value Concessions Program” (“PVC Program”) described in the Airport Rules and Regulations (the “PVC Rules”) to reward certain categories of concessionaires which maintain the high performance standards defined in the PVC Rule.
B. Concessionaire acknowledges that it is required by this Agreement and the PVC Rules to participate as a single location in the PVC Program. The major and minor categories and square footage relating to Concessionaire’s participation in the PVC Program are listed on the Summary Page. Concessionaire agrees that upon written notice from the Manager, Concessionaire shall contribute Concessionaire’s prorated share of the cost of PVC Program, which will be calculated in accordance with the methodology set forth in the PVC Rules. Concessionaire’s contribution shall be payable to the City in advance, without setoff, deduction, prior notice or abatement commencing on the first day of every month following the City’s notification and continuing until the Joint Marketing Fund generates One Million Dollars in annual revenue.
C. The City shall not be obligated to expend more for the PVC Program than is actually collected from Concessionaires. All services related to the PVC Program and all personnel engaged by the City to provide services related to the PVC Program, including the services of a Third Party Administrator, as that term is defined in the PVC Rules shall be under the exclusive control and supervision of the City.
D. Under certain circumstances described in the PVC Rules, the Manager, in her sole and absolute discretion, may terminate the PVC Program upon 30 days notice to Concessionaire.
E. In the event of a conflict between any provision of the PVC Rules and this Agreement, the provisions of this Agreement including the Summary Page, exhibits and appendices appended hereto shall govern.
Premium Value Concessions Program. A. PVC Program. The Department of Aviation has created a Premium Value Concessions Program (“PVC Program”) pursuant to Rule 45 of the Airport Rules and Regulations (the “PVC Rules”) to reward certain categories of concessionaires that maintain the high performance standards defined in the PVC Rules.
Premium Value Concessions Program. Subtenant agrees to participate in the City’s “Premium Value Concessions Program” or “PVC Program” as more particularly described in Aviation Rule and Regulation 45 (the “PVC Rules”).