Performance Payment definition
Examples of Performance Payment in a sentence
Such arrangements shall be subject to the Law and the Standing Orders and Standing Financial Instructions (or equivalent) of the Partners and the terms of the Performance Payment Arrangement.
If We fail to repair any faults with Our Heat Supply Assets in accordance with Performance Objectives E and F You may be entitled to a Performance Payment under paragraph 9 of this Contract.
The Bid Security of the Successful Bidder will be returned to Bidder upon execution of the Contract and delivery of Performance, Payment, and Materials Bonds to Owner.
The Company will also calculate a Performance Payment for participation by Applicant in Events.
With respect to each fiscal year of the Operating Company which ends during the Employment Term, the Operating Company shall also make an additional “guaranteed payment” (the “Performance Payment”) to the Executive in an amount to be determined by the Compensation Committee of the Board of the Managing Member in its sole discretion, which Performance Payment shall not exceed $2,700,000 for any fiscal year of the Company ending during the Employment Term.