The Performance Period Clause Samples
The Performance Period clause defines the specific timeframe during which a party is required to fulfill its contractual obligations. Typically, this clause outlines the start and end dates for the delivery of goods, completion of services, or achievement of milestones, and may include provisions for extensions or adjustments if certain conditions are met. By clearly establishing when performance is expected, the clause helps prevent disputes over deadlines and ensures both parties have a mutual understanding of their responsibilities within a set period.
The Performance Period. The plan shall have a three (3) year performance measurement period (the “Performance Period”) beginning with the Effective Date of the Plan.
The Performance Period. Notwithstanding anything herein to the contrary, a prorated Award (and associated Dividend Equivalents) payable pursuant to this Section 3.2, shall be paid to the Participant or Participant’s Beneficiary, as the case may be, no later than the March 15th occurring immediately after the year in which the Participant’s employment terminates.
The Performance Period a. The Project shall be performed during a period of 15 months, commencing as of the date of January 1, 2012 and up until the date of March 31, 2013 (hereinafter the: "Performance Period"), in accordance with the entire details items of the Project.
b. The Ministry itself shall have the sole option to extend the term of engagement for additional periods of time, up until the completion of the Project as was approved by the Ministry.
c. The Ministry shall be entitled at any time to instruct the Entrepreneur to cease the performance of the Project by providing a written notice to such extent, and that being after it had become aware that the Entrepreneur has not met the Project performance requirements, and after having allowed the Entrepreneur to sound its claims. In the event that the Ministry has provided a notice to such above extent, the Ministry shall reimburse the Entrepreneur for such expenses that were incurred by it due to the performance of the Project in accordance with the terms of this Agreement. Such notice of termination shall come into effect within 15 days from the date on which it was provided to the Entrepreneur, unless otherwise stated therein. The Ministry shall not owe the Entrepreneur any compensation, consideration or other monetary payment with respect to the termination of this Agreement.
d. The parties hereby agree that in the event that the Entrepreneur shall cease the performance of the Project or shall not complete its performance in accordance with the terms of this Agreement for any reason whatsoever, except as a result of force major or circumstance that is attributed to the Ministry, the Ministry shall not be obligated to make any kind of payments; It is hereby agreed between the parties that the non-completion of the Project shall be deemed as if the Entrepreneur had failed to meet its undertakings within the framework of this Agreement, and it shall be obligated to return to the Ministry the entire amounts that it had received from the Ministry to that effect; In addition it is hereby agreed upon between the parties that the Ministry shall be entitled to collect the repayment of any such amounts from any other amount that may be due to the Entrepreneur from the Ministry.