Performance Penalty definition

Performance Penalty. 4: FBMC will incur a penalty of one hundred dollars ($ 100.00) for failure to meet this guarantee. FUNCTIONAL TEAM ASSIGNED: Client Services/Account Coordinator

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Performance Penalty shall have the meaning as set forth in Exhibit E.

Performance Penalty means an assessment, as determined appropriate by the Court, of 10% of the Fund Administrator’s fees billed, net of charges and out-of-pocket expenses, should the Final Payee List for all Eligible Claimants not be provided to the staff of the Commission within 270 days of the Approval Date of this Distribution Plan.

Examples of Performance Penalty in a sentence

An Owner’s Availability Notice shall become effective when issued, provided, however, that if Owner becomes subject to a Non- Performance Penalty under Section 8.5, any Owner’s Availability Notice given during the Penalty Period shall not become effective until 72 hours after the Owner’s Availability Notice is given.
Upon approval of this invoice by MPWMD, Consultant shall be paid from the sum found due after having applied the provisions of Section II, Paragraph (D) of this Agreement, "Late Performance Penalty," where applicable, and MPWMD shall have no further obligation to Consultant, monetarily or otherwise.
Upon approval of this invoice by MPWMD, Consultant shall be paid from the sum found due after having applied the provisions of Section III, Paragraph (D) of this Agreement, "Late Performance Penalty," where applicable, and MPWMD shall have no further obligation to Consultant, monetarily or otherwise.
If Licensee fails to furnish LAWA with the Monthly Reports as required per Section 16.1.1, Licensee shall pay LAWA a late fee of Three Hundred Dollars ($300) per day plus the Performance Penalty pursuant to Section 14, herein.
The Client Performance Penalty shall equal an annual rate of 18%, unless otherwise limited by applicable law, multiplied by the Fee, prorated for time.
Such Client Performance Penalty shall be added to the Fee (plus any other penalties assessed, if applicable) then outstanding at that time.
Upon approval of this invoice by MPWMD, Contractor shall be paid from the sum found due after having applied the provisions of Section II, Paragraph (D) of this Agreement, "Late Performance Penalty," where applicable, and MPWMD shall have no further obligation to Contractor, monetarily or otherwise.
Measurement Period January 1, 2023-December 31, 2023 Group 1: Customer Service Performance Standards 24% of Total Performance Penalty at Risk Contractor shall submit all Group 1 data on a monthly basis by the 10th of the following month for the previous month’s data.
The Performance Penalty credit shall be reflected in Provider’s invoice for the first month following the quarter for which the Performance Penalty is being assessed.
Payment of the Performance Bonus or the Performance Penalty, as the case may be, shall be made annually no later than forty-five (45) Days after the end of the applicable COD Year.

More Definitions of Performance Penalty

Performance Penalty means a monetary amount that may be assessed by the Co-Administrators or MCA based on the terms of the Agreement. Contractor shall pay all performance penalties to the MCA Board within thirty (30) days of the assessment. The Daviess County Fiscal Court shall hold such penalties in a separate account, and disburse such funds as recommended by the MCA. MCA, with final approval from the Co-Administrators, shall use the revenue from performance penalty fees to benefit EMS in Owensboro- Daviess County as determined by the MCA Board as a whole, to include the offset of subsidy funds shared by the County and City as per the Interlocal Agreement.

Performance Penalty means the claim by the City consequent to a No Compliance Event;