CBT Program definition
CBT Program means the Full Use Programs specified as Computer Based Training Products in the Price List on the Effective Date below. The Discount Percentage Rate for each CBT Program ordered for distribution to a Client shall be based on the net Cumulative CBT Program License Fees paid by KPMG to Oracle during the Term of the Agreement, as set forth below. The Cumulative CBT Program License Fees is an amount equal to the net sum of CBT Program License Fees paid by KPMG to Oracle during the Term of the Agreement. The Discount Percentage Rate shall not be applied retroactively to any Program licenses previously granted by Oracle. Cumulative CBT Program Discount Licenses Fees Percentage Rate -------------------------------- --------------- $ 0 -- $ 50,000 40% $ 50,001 -- $ 75,000 45% $ 75,001 -- $100,000 50% $100,001 -- and over 55% The Cumulative CBT Program License Fees shall be reduced to zero at the beginning of each anniversary of the Effective Date of the Agreement (eg. at the end of the Term).
Examples of CBT Program in a sentence
Buyer will require certain equipment and materials in order to use the CBT Program.
Equipment and materials required to run the CBT Program will be procured by Buyer at Buyer's expense.
Equipment and materials required to run the CBT Program will be procured by Customer at Customer's expense.
Customer will require certain equipment and materials in order to use the CBT Program.