Tier or Tiers definition
Tier or Tiers means the status that Members are allocated based on a combination of their annual spend and the number of employees their business has.
Examples of Tier or Tiers in a sentence
Agree to be bound to Contractor’s selected CPCP Tier or Tiers for the term of this Contract Addendum as indicated in Contractor’s Response, except as provided below.
If more than ten percent (10%) of Tier 3 and/or Tier 4 claims selected for random audits as provided in Section XI.M of this Agreement result in findings by the Allocation Neutral of material misrepresentation, material omission or material concealment of the type delineated in Section XI.M of this Agreement, the Allocation Neutral shall conduct a further audit of another five percent (5%) of the affected Tier or Tiers.