Performance Bonus Cap definition
Performance Bonus Cap means, with respect to a Power Block, an amount equal to two percent (2%) of the Contract Price.
Examples of Performance Bonus Cap in a sentence
If the Power Block exceeds the Bonus Electrical Output or the Bonus Heat Rate, or both, during such Bonus Performance Verification, Contractor shall be entitled to receive from Owner, and Owner shall pay to Contractor, as a bonus for such additional performance, the Heat Rate Bonus and/or the Electrical Output Bonus; provided that in no event shall aggregate Performance Bonuses exceed the Performance Bonus Cap.