Reliability Bonus Sample Clauses

Reliability Bonus. If, during the EPC Reliability Bonus Test, the Project functions so that the EPC Contractor is entitled to an “Increased Throughput Bonus,” as such term is defined in the EPC Contract, then Seller shall be entitled to a bonus under this Contract in an amount equal to * dollars ($*) for an aggregate average production level of at least * per day across all four (4) MHFs and an additional * dollars ($*) for each additional whole * per day produced above an aggregate average production level of * per day across all four (4) MHFs; provided, however, that during such EPC Reliability Bonus Test, no MHF shall produce less than * per day (and if any MHF falls below this minimum amount no Reliability Bonus can be earned as a result of such EPC Reliability Bonus Test); provided further, that no production by any MHF above * per day shall be included in the production calculation; provided further that activated carbon produced must meet the Iodine Number Performance Guarantee specified in Table 1-1 and have a yield * in order to be included in determining the production amounts; and provided further, that for purposes of Seller’s eligibility for the bonus under this Article 11, the full Project (including the balance of plant for which EPC Contractor is responsible) shall be included in determining entitlement to such bonus, and Seller shall not be entitled to relief, credit or adjustment based upon performance failures or other performance problems due in whole or in part to the Project provided under the EPC Contract or which is otherwise part of EPC Contractor’s scope of work, it being the intent of the Parties that such bonus shall only be earned if the complete Project demonstrates such increased reliability (the “Reliability Bonus”). Seller shall invoice Purchaser for any Reliability Bonus earned by it pursuant to this Article 11 upon completion of the EPC Reliability Bonus Test. Upon verification by Purchaser that Seller is entitled to the Reliability Bonus amount so invoiced, Purchaser shall pay the Performance Bonus amount in accordance with the payment procedures and protocol set forth in Article 4 (“Payments and Liens”), excepting only that no retainage on such Reliability Bonus amount shall be withheld.
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Reliability Bonus. HECO shall pay AES Hawaii a reliability bonus for reducing Full Plant Trips in any Contract Year as follows:
Sample 1
Reliability Bonus. For each Summer Month the Reliability Bonus will ----------------- be calculated in accordance with Appendix J (Reliability Bonus).
Sample 1

Related to Reliability Bonus

  • Longevity Bonus Effective 2005, twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700.00) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • Annual Performance Bonus In each calendar year of the Term of Employment, Executive shall be eligible to receive an annual incentive bonus (the “Annual Bonus”) payable in cash, pursuant to the performance criteria and targets established and administered by the Board (or a committee of directors to whom such responsibility has been delegated by the Board), with a target Annual Bonus of at least 100% of his Base Salary. The Annual Bonus payable to Executive each year shall be determined and payable as soon as practicable after year-end for such year (but no later than March 15th). The Executive’s cash bonus for the stub period of 2017 will be determined in the reasonable business judgment of the Board or another committee of directors to whom such responsibility has been delegated by the Board. To be entitled to receive any Annual Bonus, except as otherwise provided in Sections 5(c) and 5(d), Executive must remain employed through the last day of the calendar year to which the Annual Bonus relates.

  • Reporting of Total Compensation of Subrecipient Executives I. Applicability and what to report. Unless you are exempt as provided in paragraph [4.]of this award term, for each first-tier subrecipient under this award, you shall report the names and total compensation of each of the subrecipient's five most highly compensated executives for the subrecipient's preceding completed fiscal year, if—

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Target Bonus For purposes of this Agreement, “Target Bonus” means the assigned bonus target for the Executive under any short-term incentive plan(s) of the Company, multiplied by his or her base salary, for the relevant fiscal year. If the Executive’s base salary is changed during the relevant fiscal year, the Target Bonus shall be calculated by multiplying the Executive’s assigned bonus target by the highest base salary in effect during that fiscal year.

  • Performance and Salary Review Company will periodically review Executive’s performance on no less than an annual basis. Adjustments to salary or other compensation, if any, will be made by Company in its sole and absolute discretion.

  • Annual Bonus In addition to Annual Base Salary, Executive shall be awarded, for each fiscal year ending during the Employment Period, an annual bonus (the “Annual Bonus”) in cash at least equal to Executive’s highest annual bonus for the last three full fiscal years prior to the Effective Date (annualized in the event that Executive was not employed by the Company for the whole of such fiscal year). Each such Annual Bonus shall be paid no later than the end of the third month of the fiscal year next following the fiscal year for which the Annual Bonus is awarded, unless Executive shall elect to defer the receipt of such Annual Bonus.

  • Performance and Compliance Purchaser shall have performed all of the covenants and complied, in all material respects, with all the provisions required by this Agreement to be performed or complied with by it on or before the Closing.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

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