Performance Deduction definition

Performance Deduction means any of:
Sample 1Sample 2
Performance Deduction means the formula set forth in the Concession Agreement for determining such amount and as described in “PAYMENTS UNDER THE CONCESSION AGREEMENT—Service Payments” herein.
Sample 1Sample 2
Performance Deduction means the deduction recoverable from the Concessionaire for sub-optimal performance or non-compliance or non-performance as described in Schedule 3: Operational Parameters, Monitoring and Performance Adjustments.
Sample 1

Examples of Performance Deduction in a sentence

  • Where more than one WCA has suffered the same performance failure the payment of any compensation or the Performance Deduction shall be shared between the affected WCAs pro-rata based upon the amount of losses incurred by each WCA arising out of the performance failure.

  • Performance Deduction amounts shown below shall be credited to DOTD by the Consultant monthly whenever the HOVSaaS does not meet the following Performance Requirements.

  • If the Consultant can prove to DOTD’s reasonable satisfaction that a single event causes the Consultant to fail to meet more than one Performance Requirement, multiple Performance Deductions will not be assessed, but instead the highest Performance Deduction applicable to such event will apply.

  • Performance Deduction: $500 for every 1%, or fraction thereof, below any one of the A through D requirements above.

  • Subject to clause 34.1 (Reporting and monitoring) and without prejudice to the Operator’s obligations under clause 6 (Operator Undertakings), the Operator shall be liable pursuant to clause 34.1 (Reporting and monitoring) for any Performance Deduction arising as a consequence of damage to Network Assets or defects, unless relieved by the Authority in accordance with clause 41 (Relief Events) or to the extent contemplated by Schedule 19 (Payment and Performance Deductions).

  • Once an Authority has decided upon the list of Zones that is appropriate for its Project, the list/details in each of these areas should be updated accordingly.Please also note that various Zones are also referenced in paragraphs 6.5 and 6.13 (Performance Deduction Points) and the "Utilisation" section of the tables in Schedule 6 (Payment and Performance Monitoring System).

  • The contract contains service standards to which the Repairs and Maintenance contractor must deliver or incur financial deductions through a Performance Deduction Mechanism.

  • If the Operator is determined by a court of competent jurisdiction, to be in noncompliance with Applicable Laws, then, except when such non-compliance is caused by Uncontrollable Circumstances, Abnormal Raw Water quality or quantity inconsistent with historical seasonal variations or the Employer Fault, the Employer may deduct the Performance Deduction as set out in the Contract Data from the Variable Performance Fee or Operations Fee, and such non- compliance shall be an Event of Default.

  • The deductions apply to elevators, escalators, moving sidewalks, wheelchair lifts, and related components separately; therefore, simultaneous outages of several units may result in multiple deductions excluding the deductions in the KPI Performance Deduction Schedule table.

  • The consultant will help FDA in all tasks related to the organization, logistics, communication, accounting and facilitation of Structured Hearings.


More Definitions of Performance Deduction

Performance Deduction means a financial deduction made from the monthly fee, which is calculated using the Payment Mechanism and KPI process, for performance which drops below the required levels as agreed on the KPI model;
Sample 1
Performance Deduction means the deduction (if any) to be deducted from the Monthly Unitary Charge in the Payment Period following the occurrence of the relevant Performance Failure (as calculated in accordance with Part 5 of [Clause 39 - Schedule]);
Sample 1
Performance Deduction means the "Performance Deduction (PDmn)" as determined in accordance with Part E (Performance Deduction) of Attachment 11 (Service Payments).
Sample 1
Performance Deduction or “PD” as defined in Part 1 of Section A of Schedule Part 7 (Payment Mechanism);
Sample 1

Related to Performance Deduction

  • Performance Period means the one or more periods of time, which may be of varying and overlapping durations, as the Committee may select, over which the attainment of one or more Performance Goals will be measured for the purpose of determining a Participant’s right to, and the payment of, a Performance-Based Award.

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Cash means any cash incentives granted pursuant to Article 9 payable to the Participant upon the achievement of such performance goals as the Committee shall establish.

  • Bonus Payment means a cash payment in an amount equal to the sum of (i) all Excise Taxes payable by the Executive, plus (ii) all additional Excise Taxes and federal or state income taxes to the extent such taxes are imposed in respect of the Bonus Payment, such that the Executive shall be in the same after-tax position and shall have received the same benefits that he would have received if the Excise Taxes had not been imposed. For purposes of calculating any income taxes attributable to the Bonus Payment, the Executive shall be deemed for all purposes to be paying income taxes at the highest marginal federal income tax rate, taking into account any applicable surtaxes and other generally applicable taxes which have the effect of increasing the marginal federal income tax rate and, if applicable, at the highest marginal state income tax rate, to which the Bonus Payment and the Executive are subject. An example of the calculation of the Bonus Payment is set forth below. Assume that the Excise Tax rate is 20%, the highest federal marginal income tax rate is 40% and the Executive is not subject to state income taxes. Further assume that the Executive has received an excess parachute payment in the amount of $200,000, on which $40,000 ($200,000 x 20%) in Excise Taxes are payable. The amount of the required Bonus Payment is thus computed to be $100,000, i.e., the Bonus Payment of $100,000, less additional Excise Taxes on the Bonus Payment of $20,000 (i.e., 20% x $100,000) and income taxes of $40,000 (i.e., 40% x $100,000), yields $40,000, the amount of the Excise Taxes payable in respect of the original excess parachute payment.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Performance Measurement Period has the meaning set forth in Section 3.1(e)(ii).

  • Bonus Payments means that portion of the bonus payments received by the

  • Performance Cycle means one or more periods of time, which may be of varying and overlapping durations, as the Administrator may select, over which the attainment of one or more Performance Criteria will be measured for the purpose of determining a grantee’s right to and the payment of a Restricted Stock Award, Restricted Stock Units, Performance Share Award or Cash-Based Award, the vesting and/or payment of which is subject to the attainment of one or more Performance Goals. Each such period shall not be less than 12 months.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume. “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted.

  • Performance Objective means a standard established by the Committee to determine in whole or in part whether a Performance Award shall be earned.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Annual Bonus shall have the meaning set forth in Section 4(b) below.

  • Final Award means, in the context of this Request for Proposals and all its attendant documents, that point at which the final required signature on the contract(s) resulting from the procurement has been affixed to the contract(s) thus making it fully executed.

  • Award Period means the period beginning on an Award Date and ending on the expiration date of such Award.

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Performance Targets means the specific objective goal or goals (which may be cumulative and/or alternative) that are timely set in writing by the Committee for each Executive for the Performance Period in respect of any one or more of the Business Criteria.

  • Award Year means a fiscal year beginning January 1 and ending December 31 with respect to which an Award may be granted.

  • Performance Factor means any matter that could or will significantly affect a party’s ability to fulfill its obligations under this Agreement;

  • Target Bonus Amount means Executive’s target annual bonus amount in effect at the time of Executive’s Qualifying Termination (disregarding any decrease in such target annual bonus amount that constitutes a Good Reason event).

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Incentive Payment means the payment to a STGU, including an AOBC Generation Unit, for RPS class I Renewable Generation Attributes and/or Environmental Attributes produced by these units, calculated pursuant to Section 7.0 below.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Earned Bonus means the bonus paid, if any, pursuant to the Company’s incentive compensation plans in effect from time to time. Earned Bonus shall be prorated based on the ratio of the number of days during such year that Executive was employed to 365.

  • Performance Objectives means the performance objective or objectives established by the Committee pursuant to the Plan. Any Performance Objectives may relate to the performance of the Company or one or more of its Subsidiaries, divisions, departments, units, functions, partnerships, joint ventures or minority investments, product lines or products, or the performance of the individual Participant, and may include, without limitation, the Performance Objectives set forth in Section 13(b). The Performance Objectives may be made relative to the performance of a group of comparable companies, or published or special index that the Committee, in its sole discretion, deems appropriate, or the Company may select Performance Objectives as compared to various stock market indices. Performance Objectives may be stated as a combination of the listed factors.