Earn Back definition

Earn Back means the Service Credits which the Contractor recoups through future satisfactory performance.
View Source
Earn Back has the meaning given to it in paragraph 6 of Part A to Schedule 2.2 (Performance Levels); “Effective Date” 18 September 2020
View Source
Earn Back means Vendor’s opportunity to earn back Service Level Credits on Target Service Level Defaults, in accordance with Section 4.6.4.
View Source

Examples of Earn Back in a sentence

  • GlobalLogic will not be able to earn back the Service Level Credit for a particular Service Level that GlobalLogic incurred a Service Level Failure until the applicable Earn Back Period for such SLA has successfully passed as noted in Sections 7(b)(i)(1) and (2) below.

  • Upon termination or expiration of the Contract, any unliquidated Earn Back Credits shall expire.

  • Any Service Level Credit applicable to any deleted Measured Service that is still eligible for an Earn Back at the time of such deletion shall be deemed to have been earned back by the Contractor.

  • If the Service Credit for a given Month is 15% of the Monthly Invoice, then the Contractor cannot Earn Back the Service Credit incurred for such Month, even if it meets the Service Level associated with the Service Credit for the remainder the Agreement.

  • If IES Availability for a given Month is below 97.50%, then the Contractor cannot Earn Back the Service Credit incurred for such Month, even if it meets the IES Availability Service Level for the remainder the Agreement.

  • Then the Earn Back Credit equals the following percentage of the monthly fee for Core M&O Services Earn Back Credit During non-Open Enrollment period.

  • All interests will be subject to the Royalty and Earn Back Option.

  • Each Service Level Credit will be accrued and held in account by Supplier until the earlier of achievement by Supplier of a corresponding Earn Back or foreclosure of the Earn Back opportunity pursuant to the terms of this Schedule C.

  • An Earn Back shall be shown on the first invoice immediately following the occurrence of an Earn Back.

  • At no time shall HWAY be obligated to pay an Earn Back directly to Supplier.

Related to Earn Back

  • Cash Back and “Cash Credit” means cash rewards benefit issued by the provider/bank for eligible applications or transactions.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a).