Earned fee definition

Earned fee for an incentive, means fee due the Contractor by virtue of its meeting the Contract’s requirements entitling it to fee. Earned fee does not occur until the Contractor has met the conditions stated in the Contract for earning fee.

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Earned fee means the experience fee, on-call fee, retention incentive and experience fee rural and remote supplements (as those terms are used in the Funding Agreement) per Billable Course of Care and for greater certainty does not include the operational fee or operational fee supplement received for the administration of each Billable Course of Care and_________________________________________________. A Billable Course of Care becomes an “Earned Fee” as of the date the payment is paid by the Transfer Payment Agency;

Earned fee means the sum total of all incentive fees, award fees, fixed fees, and share of cost savings earned by the contractor during a performance evaluation period, as determined by the contracting officer or fee determining official (as appropriate). In the NNSA, the Fee Determining Official (FDO) is the Administrator, unless otherwise delegated. Where the contract provides for financial incentives that extend beyond a single performance evaluation period, this amount shall also include: any provisional amounts determined otherwise payable in the evaluation period; and, if provisional payments are not provided for, the allocable amount of any incentive determined otherwise payable at the conclusion of a subsequent performance evaluation period. The allocable amount shall be the total amount of the Earned Fee divided by the number of evaluation periods over which it was earned.

Examples of Earned fee in a sentence

• For SavvyMx, the Earned Fee is defined in the SavvyMx section of Appendix A.

• If the termination occurs during the Probation Period, the Company shall not be required to make any termination payment other than the Earned Fee.

• The Base Fee Component and the Earned Fee Component will be paid to Contractor on a milestone basis in the amounts and upon achievement of the Milestones therefor established in Appendix J.

• If, upon Final Completion (or upon any subsequent reconciliation), Contractor has been paid more of the Earned Fee Component than the amount it is entitled to under this Agreement, Contractor shall promptly refund such excess to PSGC no later than seven (7) Business Days following receipt of PSGC’s invoice therefor.

• The amount of the Repayment Letter of Credit shall thereafter be adjusted annually, such that the adjusted value reflects the aggregate of the amounts of the Earned Fee theretofore paid to Contractor and thereafter expected to be paid to Contractor in the following twelve (12) months.

• The Parties agree that Contractor’s obligation to refund all or a portion of the Earned Fee Component previously paid to Contractor shall be treated as a liability of Contractor for the purpose of the first sentence of this Section 16.1. The foregoing limitation of liability shall be without prejudice to Contractor’s obligation to be responsible for Non-Reimbursable Costs, without entitlement to reimbursement for such Non-Reimbursable Costs from PSGC.

• PSGC’s sole remedy and Contractor’s sole liability for overruns of the Target Price, for delays and for deficiencies in plant performance (whether pertaining to the Facility, the Equipment or otherwise) arising out of the performance or non-performance of the Work shall be limited to the loss of all or a portion of the Earned Fee Component in accordance with Appendix T-3, including the liability to refund all or a portion of the Earned Fee Component to the extent previously paid to Contractor.

• Completion of each stage will be confirmed by agreement of the Parties in a Change Order, including the appropriate adjustments to the Target Construction Cost, to the Earned Fee, and if needed, to the Target Completion Dates, based upon the results of such stage.

• The Repayment Letter of Credit shall initially be in the amount of the aggregate of the Schedule Earned Fee payments and the Cost Earned Fee payments expected to be paid to Contractor in the first twelve (12) months after the Effective Date.

• In the event of any termination for a Contractor Event of Default, PSGC may, at its option and at its expense, finish the Work by whatever method PSGC reasonably deems expedient, provided that, as Contractor’s sole liability on account of such termination, Contractor shall be liable to PSGC for the reasonable costs of cover and transitioning the Work to the Replacement Contractor up to an amount equal to the Earned Fee Component previously paid to Contractor.

More Definitions of Earned fee

Earned fee has the meaning set forth in Section 7.2.

Earned fee means the experience fee, on-call fee, retention incentive and experience fee rural and remote supplements (as those terms are used in the Funding Agreement) per Billable Course of Care and for greater certainty does not include the operational fee or operational fee supplement received for the administration of each Billable Course of Care and _________________________________. A Billable Course of Care becomes an “Earned Fee” as of the date the payment is paid by the Transfer Payment Agency;