WIRING INCENTIVE Clause Samples

WIRING INCENTIVE. The Parties wish to complete the necessary cable infrastructure upgrades to Category 5 wiring as efficiently as possible, and within the $3,420,000 Wiring and LAN Infrastructure Investment allowance (the "Budget") described in Section 2.3.1 of the Agreement. Therefore, the Parties agree to provide an incentive to Provider to assist the State in meeting this objective by sharing the savings that may be realized from having the cable infrastructure upgrades completed within the Budget. In the event there is a residual Budget balance that remains unspent by Provider upon completion of the wiring additions or replacements necessary to support the transformed Network, 50% of the residual Budget balance shall be returned to Provider as an incentive. The remaining 50% of the residual Budget balance shall be used by the State for other infrastructure upgrades, as the State deems appropriate.