Performance Time definition

Performance Time means the length of time allowed for the execution of the Work, including any authorized time extensions. Performance time shall include all lead times for materials, submittal preparation and other administrative matters outside of bond issuance.
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Performance Time means the time by which all Works must be completed, commissioned [if applicable]13 and handed over to the Customer. The Performance Time may only be amended in the cases determined in the Contract and on the basis of written agreement between the Parties. The Performance Time shall be counted as of the Commencement Date. Sub-Clause 1.1.10 shall be formulated as follows: “Costs” mean all reasonable expenses, arising to the Contractor at the Work Performance Place or outside of it, including overheads, in accordance with Cabinet Regulation No. 239 “Regulations on the Latvian Construction Standard LBN 501-17 “Procedure for Determination of Construction Costs”, adopted on 3 May 2017, excluding profit. Sub-Clause 1.1.19 shall be formulated as follows: “Works” mean all works to be performed by the Contractor, including temporary works and any Changes. Works shall also include the construction works which are not directly mentioned in the Contract, but which are objectively necessary and reasonably expected from the Contractor as an experienced professional in order to achieve the objective of the Contract. If during the performance of the Works, the Parties agree in writing on the necessity to perform the Individual Works, all the works assigned to the Contractor within the framework of the Contract shall be considered as the Works within the meaning of the Contract. To supplement with Sub-Clause 1.1.20, 1.1.21, 1.1.22, 1.1.23, 1.1.24, 1.1.25, 1.1.26 and 1.1.27 as follows: 13 If provided for in the regulatory enactments.
Sample 1
Performance Time means the performance time of the Works or their Stages (depending on the situation) specified in the Annex to the Bid, by which all Works or Stages must be completed, put into operation (if the Works or Stages must be put into operation in accordance with regulatory enactments) and handed over to the Customer. The Performance Time may only be amended on the basis of written agreement between the Parties (i.e., even if the Engineer approves any claim of the Contractor regarding extension of the Performance Time, such extension shall be recorded in the form of a written agreement in order to be in force). Sub-clause 1.1.3.7 shall be replaced by the following: “Defect Notification Period” means the notification period of the detection of defects during the Works or their Stages (depending on the situation) defined in accordance with Sub-clause 11.1 [
Sample 1

Examples of Performance Time in a sentence

  • Consultant agrees that if the Services are not completed within the aforementioned Performance Time and/or pursuant to any such Project Milestones developed pursuant to provisions of this Agreement, it is understood, acknowledged and agreed that the City will suffer damage.

  • Contractor agrees that if the Services are not completed within the aforementioned Performance Time and/or pursuant to any such completion schedule or Project milestones developed pursuant to provisions of this Agreement, it is understood, acknowledged and agreed that the City will suffer damage.

  • Contractor agrees that if the Services specified in Exhibit “D”, attached hereto and incorporated herein by this reference, are not completed within the aforementioned Performance Time and/or pursuant to any such completion schedule or Project milestones developed pursuant to provisions of this Agreement, it is understood, acknowledged and agreed that the City will suffer damage.

  • Consultant agrees that if the Services are not completed within the aforementioned Performance Time and/or pursuant to any such Performance Milestones developed pursuant to provisions of this Agreement, it is understood, acknowledged and agreed that the City will suffer damage.

  • Pursuant to Government Code Section 53069.85, Contractor shall pay to the City as fixed and liquidated damages, and not as a penalty, the sum of [***INSERT WRITTEN DOLLAR AMOUNT***] Dollars ($[***INSERT NUMERICAL DOLLAR AMOUNT***]) per day for each and every calendar day of delay beyond the Performance Time or beyond any completion schedule or Project milestones established pursuant to this Agreement.

  • The Contractor agrees that the completion of the project within the Performance Time is an essential feature of this Contract and agrees to proceed with due diligence, taking all precautions and making all necessary arrangements to ensure the completion of the work within the prescribed time.

  • Pursuant to Government Code Section 53069.85, Contractor shall pay to the City as fixed and liquidated damages, and not as a penalty, the sum of One Hundred Dollars ($100.00) per day for each and every calendar day of delay beyond the Performance Time or beyond any completion schedule or Project milestones established pursuant to this Agreement.

  • Data were analysed using independent-sample t-test after calculating the Overall Precision (OP) and Overall Performance Time (OPT) to avoid multiple comparisons.= ± = ·= ±= · ± · = · ± · = ·Results: Compared with the standard straight, the use of the articulated instruments did not differ significantly in OPT (OPT Art.

  • The Contractor shall complete the entire project within the Performance Time as shown in the Project Summary Table.

  • Pursuant to Government Code Section 53069.85, Consultant shall pay to the City as fixed and liquidated damages the sum of [***INSERT WRITTEN DOLLAR AMOUNT***] Dollars ($[***INSERT NUMERICAL DOLLAR AMOUNT***]) per day for each and every calendar day of delay beyond the Performance Time or beyond any Project Milestones established pursuant to this Agreement.


More Definitions of Performance Time

Performance Time means the period commencing 10 minutes prior to the commencement of the Event until ten minutes after the Event ceases excluding any intervals;
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Related to Performance Time

  • 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 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 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.

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

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

  • Parent Award means the Electrical Electronic and Communication Contracting Industry (State) Award.

  • Performance Share Award means an Award entitling the recipient to acquire shares of Stock upon the attainment of specified Performance Goals.

  • Performance Stock Award means a Stock Award granted under the terms and conditions of Section 6(c)(i).

  • Equity Award means any option, restricted stock award, restricted stock unit award, stock appreciation right or other equity award to acquire shares of the Company’s common stock granted or issued to the Executive.

  • Performance Shares means Shares or an Award denominated in Shares which may be earned in whole or in part upon attainment of performance criteria established by the Administrator.

  • Equity Awards means any stock options, restricted stock, restricted stock units, stock appreciation rights, phantom stock or other equity based awards granted by the Company to the Executive.

  • Performance Grant means an Award subject, in part, to the terms, conditions and restrictions described in Section 9, pursuant to which the recipient may become entitled to receive cash, Class A Shares, Other Real Goods Securities or property, or other forms of payment, or any combination thereof, as determined by the Committee.

  • Performance Share Units means Performance Share Units granted to an Eligible Individual under Section 9.1(b).

  • 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.

  • Company PSU means a restricted stock unit issued by the Company pursuant to a Company Equity Plan that vests in whole or in part upon the achievement of one or more performance goals (notwithstanding that the vesting of such restricted stock unit may also be conditioned upon the continued services of the holder thereof), pursuant to which the holder has a right to receive Shares after the vesting or lapse of restrictions applicable to such unit. “Company PSU” shall not include Company RSUs.

  • Performance Stock Unit means a right granted to a Participant pursuant to Section 8.2, to receive Stock, the payment of which is contingent upon achieving certain Performance Goals or other performance-based targets established by the Committee.

  • Performance Unit Award means an award of Performance Units under this Plan.

  • Performance Share Unit or “PSU” means a unit equivalent in value to a Share, credited by means of a bookkeeping entry in the books of the Corporation in accordance with Article 6;

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

  • Equity Award Exchange Ratio means the sum of (i) the Share Consideration, plus (ii) the quotient of (x) the Cash Consideration divided by (y) the Parent Stock Price, rounded to the nearest one thousandth.

  • Performance Stock means a Target Number of Shares granted pursuant to Section 10(a) of the Plan.

  • Incentive Plans means any incentive, bonus, deferred compensation or similar plan or arrangement currently or hereafter made available by Employer in which Executive is eligible to participate.

  • Company PSUs means any performance-based restricted stock units of the Company, whether granted pursuant to any of the Company Stock Plans or otherwise.