Variable component Sample Clauses

A variable component clause defines a portion of compensation or payment that fluctuates based on specific performance metrics, targets, or other predetermined criteria. This clause typically applies to employee bonuses, sales commissions, or contractor payments, where the amount earned depends on achieving certain results, such as meeting sales quotas or project milestones. Its core practical function is to incentivize performance and align the interests of the parties by directly linking compensation to measurable outcomes.
Variable component. The variable component of the storage fee equals an amount per month equal to 1/12 of 1.5% of the aggregate cash value of Customer’s wines stored with Liquid Asset Storage per calendar year, determined as follows: an actual physical inventory taken of the contents of the containers as provided for below under “Inventory.” Sokolin shall supply itemized values listed on the inventory (stated values) based on the current US average retail market values. Such itemized stated values will be the value used for the foregoing 1.5% variable component and prorated in 15-day increments. For each additional case or box stored during the calendar year, a cash value will be established as provided above and the inventory list will be modified and prorated in 15-day increments.
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Variable component. 3.2.1 The purpose of the variable component of cost is to compensate the Operations Subcontractor for general waste actually handled (N). 3.2.2 The rate (R) for the variable component shall be adjusted for each Invoice Period by the Private Party or the Operations Subcontractor depending on whether the weighted average cost of handling the general waste either increases or decreases during the Agreement.
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Variable component. The variable component of the storage fee equals an amount per month equal to 1/12 of 1.5% of the aggregate cash value of Customer’s wines stored with Liquid Asset Storage per calendar year, determined as follows: an actual physical inventory taken of the contents of the containers as provided for below under “Inventory.” Customer shall supply Sokolin with a value of the inventory (stated value). Sokolin offers professional wine appraisal upon Customer’s request. Such stated value will be the value used for the foregoing 1.5% variable component on a pro rata basis for the remaining months of the calendar year. For each additional case or box stored during the calendar year, a cash value will be established as provided above and the inventory list will be modified and mailed to Customer. A pro rata 1.5% variable component will then be billed for such additional stored wines for the remainder of the calendar year. Each annual 1.5% variable component will be based on the latest stated cash value reflected on the list.
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Variable component. The determination and payment of the variable salary component is based upon the remuneration plans according to annexes 2-6.
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Variable component. The Variable Com ponent shall consist of the Flows and Loadings Adjustm ent Element and the Nitrogen Rem oval Elemen t determined as follows:
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Variable component. Subject to the limitations set forth in Section 15.14 (Private Business Use Restrictions), the Variable Component of the Base Operating Charge shall be equal to the Electricity Savings Element, as determined in accordance with Section 15.12 (Annual Settlement). The Electricity Savings Element shall not be paid to the DBOM Contractor for electricity consumption or demand savings generated by Board of Water Supply, City and County of Honolulu Kalaeloa Seawater Desalination Facility Design-Build-Operate-Maintain Project Service Agreement Article 15 - Service Fee and Other Payments BWS actions or initiatives. The Electricity Savings Element payable to the DBOM Contractor in any Contract Year shall not exceed $100,000 (which initial amount shall be subject to escalation annually on July 1 of each Contract Year by the CPI Adjustment Factor) unless otherwise agreed to in writing by the parties.
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Related to Variable component

  • Components Patheon will purchase and test all Components (with the exception of Client-Supplied Components) at Patheon’s expense and as required by the Specifications.

  • VARIABLE INTEREST RATE The interest rate on this Note is subject to change from time to time based on changes in an independent index which is the the Prime Rate as published in the Wall Street Journal on the first business day of the previous month (the "Index"). The Index is not necessarily the lowest rate charged by Lender on its loans. If the Index becomes unavailable during the term of this loan, Lender may designate a substitute index after notice to Borrower. Lender will tell Borrower the current Index rate upon ▇▇▇▇▇▇▇▇'s request. The interest rate change will not occur more often than each month, beginning May 1, 2004. Borrower understands that Lender may make loans based on other rates as well. The Index currently is 4.000% per annum. The interest rate to be applied to the unpaid principal balance of this Note will be at a rate equal to the Index, resulting in an initial rate of 4.000% per annum. NOTICE: Under no circumstances will the interest rate on this Note be more than the maximum rate allowed by applicable law.

  • Mileage Measurement Where required, the mileage measurement for LIS rate elements is determined in the same manner as the mileage measurement for V&H methodology as outlined in NECA Tariff No. 4.

  • Measuring EPP parameters Every 5 minutes, EPP probes will select one “IP address” of the EPP servers of the TLD being monitored and make an “EPP test”; every time they should alternate between the 3 different types of commands and between the commands inside each category. If an “EPP test” result is undefined/unanswered, the EPP service will be considered as unavailable from that probe until it is time to make a new test.

  • Usage Measurement Usage measurement for calls shall begin when answer supervision or equivalent Signaling System 7 (SS7) message is received from the terminating office and shall end at the time of call disconnect by the calling or called subscriber, whichever occurs first.