Operations Payment definition

Operations Payment. One twelfth (1/12) of the annual operations payment shall be earned monthly and invoiced the month following the month in which services are performed. During any state fiscal year the Department may withhold up to twelve (12%) percent of the Contractor’s annual compensation for Operations for failure to perform.
View Source

Examples of Operations Payment in a sentence

  • Notwithstanding anything herein to the contrary, the Sales Operations Payment shall terminate in the event of any termination of this Agreement, and the Sales Operations Payment for the Contract Year in which such termination occurs shall be reduced on a pro-rata basis.

  • The payments are made in accordance with the Charges for the Services and Deliverables described in Appendix A, Section 2 for DDI Payment Milestones and Payment Events and Section 3 for Operations Payment Events.

  • With respect to the Stub Year, the Sales Operations Payment shall be $[*****]; with respect to the 2020-21 Contract Year, the Sales Operations Payment shall be $[*****].

  • With respect to the 2021-22 Contract Year and each Contract Year thereafter, the Sales Operations Payment will be 103% of the Sales Operations Payment for the immediately preceding Contract Year.

  • Said Proposed budget, and accordingly Annual Operations Payment for each Participating Member, may be modified from time to time to reflect the actual operating costs of the SCCC, as provided herein.

  • Business Associate shall maintain a record of any disclosure of PHI to a third party for a purpose other than Treatment, Health Care Operations, Payment, or pursuant to an authorization signed by the individual or personal representative of the individual who is the subject of the record.

  • If the Message is not based on the Permitted Purposes related to Treatment, Health Care Operations, Payment, or HIPAA permitted uses and disclosures under 45 C.F.R. § 164.512, transmitting a copy of the Authorization on which the Message is based.

  • With respect to the 2021-22 Contract Year and each Contract Year thereafter, the Sales Operations Payment will be 103% of the Sales Operations Payment for the immediately-preceding Contract Year.

  • Buyer will have available at the Closing sufficient funds to enable Buyer to pay (x) the sum of the Purchase Price, the Estimated Closing Payment and the Estimated Operations Payment and (y) the Final Closing Payment and the Final Operations Payment, in each case pursuant to Section 4.2 hereof.

  • Notwithstanding anything in this Agreement, the Estimated Operations Payment shall be in addition to the Purchase Price.