Examples of Controllable Completion Factor in a sentence
At a minimum, however, Gulfstream shall maintain on a monthly basis a Controllable Completion Factor of at least ninety percent (90%) (the “Minimum Controllable Completion Factor”), and Northwest shall be entitled to terminate this Agreement pursuant to Section 18(b)(iii) hereof in the event Gulfstream fails to achieve a Minimum Controllable Completion Factor of at least ninety percent (90%) for any six (6) month period during the Term.
In the event RAI meets or exceeds the Bonus Threshold for Controllable Completion Factor Percentage in any month, Frontier will pay RAI a bonus of [*].
Should RAI fall below the Penalty Threshold for Controllable Completion Factor Percentage in any month, RAI shall pay Frontier, for each percentage point (rounded to the next highest full percentage in all cases) below the Penalty Threshold, a penalty of [***] for the first month, [***] for the second consecutive month, [***] for the third consecutive month, and [***] for the fourth consecutive month and each consecutive month thereafter that the Penalty Threshold is not met.
The Controllable Completion Factor and the On Time Performance measures shall be weighted [***].
Appendix 2 to Schedule 3 Controllable Completion Factor Incentives and Rebates "Controllable Completion Factor Incentive Rate" shall be $[CONFIDENTIAL MATERIAL OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT], as adjusted pursuant to Section 3.02 of this Agreement.
Controllable Completion Factor, which excludes cancellations driven by weather and other events outside of the airline’s control has also compares well in 2016.
A key attribute for any successful airline is service reliability, which is typically measures by three statistics: Completion Factor (percentage of flights completed); Controllable Completion Factor (percentage of flights completed excluding cancellations outside of the direct control of the airline) and On-Time Performance (percentage of flight arriving within 14 minutes of schedule).
In the event RAI meets or exceeds the Bonus Threshold for Controllable Completion Factor Percentage in any month, Frontier will pay RAI a bonus of [***].
The bonus or rebate/offset, as the case may be, for completion factor shall be determined as follows: Beginning each month or partial month after the 12th Covered Aircraft is place in service, the percentage of RAI’s Controllable Completion Factor Percentage will be measured for each Scheduled Flight as soon as practicable following the end of each calendar month of operation.
Silver maintains a very high goal of achieving Controllable Completion Factor of 99% or better.