PEPM definition
Examples of PEPM in a sentence
Should neither (a) nor (b) be commercially reasonable, either Party may terminate the Agreement and the rights granted hereunder, at which time Kronos will provide a refund to Customer of the PEPM Fees paid by Customer for the infringing elements of the Service covering the period of their unavailability.
For each Order Form, the billing period of the PEPM Fees will start on the Billing Start Date and will continue for the time period indicated as the Initial Term.
For each Renewal Term, Kronos may increase the PEPM Fees by no more than four percent (4%) over the previous year’s PEPM Fees, for the same Applications and the same licensed quantity.
Customer acknowledges and agrees that the right to use the Service, including Seasonal Licenses when included on the Order Form, is limited based upon the number of Authorized Users, and ▇▇▇▇▇▇▇▇’s payment of the corresponding PEPM Fees.
Kronos will reflect these increased PEPM fees in the applicable invoice for each Renewal Term.