VOLUME INCENTIVE PROGRAM Clause Samples

The Volume Incentive Program clause establishes a system of rewards or discounts for buyers who purchase goods or services in large quantities. Typically, this clause outlines specific thresholds or tiers of volume that, once met, entitle the buyer to price reductions, rebates, or other incentives. For example, a buyer may receive a 5% discount if they purchase over 1,000 units within a set period. The core function of this clause is to encourage higher purchase volumes by offering financial benefits, thereby increasing sales for the seller and providing cost savings for the buyer.
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VOLUME INCENTIVE PROGRAM a) Subject to the Incentive Requirements of this Master Incentive Contract and all other terms and conditions of this Master Incentive Contract, Company will pay Jobber [***] (“Existing Sites Volume Incentive”) for all Company Product purchased by Jobber from Company during each Twelve Month Period of the Contract Term (“Purchased Volume”), as it may be reduced by the Volume Incentive Deduction set forth in Section 6(g), for only the Existing Sites listed on Schedule A, so long as the total volume for the Twelve Month Period for the Existing Sites is greater than [***] (“Minimum Gallons”). Notwithstanding anything in this Master Incentive Contract to the contrary, there will be no Volume Incentive paid for gallons purchased during the Twelve Month Period if the total gallons for the Existing Sites are below the Minimum Gallons threshold. b) Subject to the Incentive Requirements of this Master Incentive Contract and all other terms and conditions of this Master Incentive Contract, Company will pay Jobber [***] (“Future Sites Volume Incentive”) for all Company Product purchased by Jobber from Company during each Twelve Month Period of the Contract Term (“Purchased Volume”), as it may be reduced by the Volume Incentive Deduction set forth in Section 6(g), for only the Future Sites listed on Schedule B, so long as the total volume of the Existing Sites and Future Sites for each Twelve Month Period is greater than [***] (“Minimum Gallons”). Notwithstanding anything in this Master Incentive Contract to the contrary, there will be no Volume Incentive paid for gallons purchased during the Twelve Month Period if the total gallons for the Existing Sites and Future Sites are below the Minimum Gallons threshold.
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VOLUME INCENTIVE PROGRAM. The Manufacturer agrees that in the event that (i) the monthly shipment of any one of the models of the Products from the Manufacturer to Syntax exceeds 3,000 units, the Manufacturer shall provide a 1.5% per invoice discount by the end of that quarter; (ii) the monthly shipment of any one of the models of the Products from the Manufacturer to Syntax exceeds 6,000 units, the Manufacturer shall provide a 2% per invoice discount by the end of that quarter; or (iii) the monthly shipment of any one of the models of the Products from the Manufacturer to Syntax exceeds 10,000 units, the Manufacturer shall provide a 2.75% per invoice discount by the end of that quarter.
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VOLUME INCENTIVE PROGRAM. 3.1. The Manufacturer agrees to pay the Allowance to Syntax, the calculation of which shall be 3% of each monthly shipment of the Products. 3.2. Syntax shall prepare a quarterly shipment report to specify the shipment of the Products covering the last three months period and the total amount of the Allowance, and submit the report to the Manufacturer for verification and confirmation. 3.3. Upon confirmation of the Allowance agreed by both parties, the Manufacturer shall settle the Allowance at the beginning of the following quarter by issuing a credit memorandum which shall be applied to off-set the total outstanding account payable owed to the Manufacturer by Syntax. 4.1. Upon execution of this Agreement: 4.1.1 This Agreement will be in full force from March 9, 2004 with continued executions till the end of business relationship between the Manufacturer and Syntax with 90 days advance notice by either party. 4.1.2 Such other and further documents as may be reasonably required to cause and effect the transaction contemplated by this Agreement.
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Related to VOLUME INCENTIVE PROGRAM

  • Incentive Program Members who are rated as either Level I, Level II or Level III in every phase of the Physical Fitness Test are eligible to participate in the Incentive Program.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • Long-Term Incentive Program During the Term, the Employee shall participate in all long-term incentive plans and programs of the Group that are applicable to its senior executives in accordance with their terms and in a manner consistent with his position with the Company.

  • Attendance Incentive Program In January of the year following any year in which a minimum of sixty (60) days of leave for illness or injury is accrued, and each January thereafter, any eligible employee may exercise an option to receive remuneration for unused leave for illness or injury accumulated in the previous year at a rate equal to one (1) day of monetary compensation of the employee for each four (4) full days of accrued leave for illness or injury in excess of sixty (60) days. Leave for illness or injury for which compensation has been received shall be deducted from accrued leave for illness or injury at the rate of four (4) days for every one (1) day of monetary compensation; provided, however, no employee shall receive compensation under this section for any portion of leave for illness or injury accumulated at a rate in excess of one (1) day per month. At the time of separation from school district employment due to retirement or death an eligible employee or the employee's estate shall receive remuneration at a rate equal to one (1) day of current monetary compensation of the employee for each four (4) full days accrued leave for illness or injury. The provisions of this section shall be administered in accordance with state law and applicable state rules and regulations. Should the legislature revoke any benefits granted under this section, no affected employee shall be entitled thereafter to receive such benefits as matter of contractual right.

  • Incentive Programs During the Term of Employment, the ------------------ Executive shall be entitled to participate in any annual and long-term incentive programs adopted by the Company and which cover employees in positions comparable to that of the Executive.