Volume Incentive definition

Volume Incentive has the meaning given in clause 6(b). “$” means Australian dollars.
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Volume Incentive. This incentive may be earned by individual customers with annual spend of $1M or greater. Districts and multi-unit customers who make purchasing decisions as a group are considered one entity and may earn volume incentive based on group, district, or system total annual spend. Volume Incentive for K-12 and Early Learning determines their mark-up schedule and are reflected in the schedule. (see fee per case schedule). Annual Volume $1-$2M= -.25% Annual Volume $2-$3M= -.40% Annual Volume $3-$5M= -.60% Annual Volume $5M+ = -.75% Prompt Pay Incentive: US Foods offers SOURCEWELL members a Prompt Pay off invoice incentive. This incentive can be applied off invoice in the form of a line-item deduction off the total invoice or can be paid in the form of a credit memo upon request. The payments incentives listed below would be applied as a percentage to each invoice as earned and are re-evaluated on a quarterly basis. A program upcharge for DSO performance of 31 days+ would be reflected as an increase in the applicable program fee per case schedule. Incentive: 0-10 day DSO= -.30% 11-15 day DSO= -.25% 16-20 day DSO= . -10% 21-30 day DSO= 0% Upcharge: 31-45 day DSO= .25% 46-60 day DSO= .50% Prepayment incentive= -.60% * Average Delivery Size: This incentive is calculated using each delivery location's average delivery size over a period of one quarter, based on purchasing practices for the previous quarter. This incentive can be applied off invoice in the form of a line-item deduction off the total invoice or can be paid in the form of a quarterly credit memo upon request. Avg delivery size $3000-$3499= -.15% Avg delivery size $3500-$3999= -.25% Avg delivery size $4000-$5499= -.35% Avg delivery size $5500-$6999= -.50% Avg delivery size $7000-$10999= -.65% Avg delivery size $11000-$15999= -.95%
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Volume Incentive shall have the meaning ascribed in Section 4(a) hereof.
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Examples of Volume Incentive in a sentence

  • The Volume Incentive Rate expires at the end of the Term unless amended, extended or previously canceled.(C) Hammond Destinations include Buckeye Chicago Complex, ExxonMobil Hammond Terminal, Citgo E.

  • Diluent Volume Incentive rates for a minimum of 22 million barrels annually committed for ten (10) years to Irwin/Cochin Terminal and Manhattan/Southern Lights Terminal, Illinois.

  • For clarity, the Volume Incentive Rate will be calculated monthly as follows for each Committed Contract Volume Tier: Calendar month average of the MEH differential as posted on Argus minus the discount factor of forty cents ($0.40); if calculation is less than the Floor Rate, shipper will pay the Floor Rate; if calculation exceeds the Floor Rate, shipper will pa y the Floor Rate plus 50% of the positive difference of the MEH calculated price less the Floor Rate (not to exceed the Ceiling Rate).

  • At no point will Volume Incentive Shipper ra tes be lower than the Floor Rate or higher than the Ceiling Rate associated with each applicable Volume Tier.

  • Volume Incentive Rates are applicable to Shippers who executed TSAs for a 1 - or 2-year term, pursuant to an open season held between April 8, 2022 and May 9, 2022.

  • Shipments that apply to the above described Volume Incentive Rate program may not include petroleum products that are acquired from a third party prior to movement on Carrier and subsequently reacquired by the same third party after movement on Carrier where such actions are taken for the primary purpose of gaining eligibility for the Volume Incentive Rate described in Table 5 above.

  • Shipments that apply to the above described Volume Incentive Rate program may not include petroleum products that are acquired from a third party prior to movement on Carrier and subsequently reacquired by the same third party after movement on Carrier where such actions are taken for the primary purpose of gaining eligibility for the Volume Incentive Rate described in Table 4 above.

  • Shipments that apply to the above described Volume Incentive Rate program may not include petroleum products that are acquired from a third party prior to movement on Carrier and subsequently reacquired by the same third party after movement on Carrier where such actions are taken for the primary purpose of gaining eligibility for the Volume Incentive Rate described in Table 3 above.

  • Carrier during the Contract Period may adjust the Volume Incentive Rates contained in this Table 2, including any current supplements thereto and successive issues thereof, yearly at the annual FERC adjustment for crude oil pipelines which is set forth in Title 18, Code of Federal Regulations, Section 342.3, as such regulation may be amended, supplemented, or otherwise modified from time to time.

  • The Volume Incentive Rate expires at the end of the Term unless amended, extended or previously canceled.


More Definitions of Volume Incentive

Volume Incentive as defined in Section 4.3.
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Volume Incentive. Volume Achievement Forecast: $12M 4% CERTIFICATION INCENTIVE: Gold (3%) Silver (2%) 3% SPECIALIZATION INCENTIVE: WAN (2%) ___% Security (including Advanced Security and VPNs) (2%) ___% SNA/IP (2%) ___% Voice Access (2%) ___% Network Management (2%) ___% Wireless LAN (2%) 2% Cable (2%) ___% IP Telephony (2%) 2%
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Volume Incentive. If more than 100,000 tons of coal are shipped in any Contract Period, Carrier will refund $[xxx] NT on all tons shipped during such Contract Period. Such amount shall be due within thirty (30) days after the receipt of the verification certificate referred to in Paragraph 7 hereof.
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Volume Incentive has the meaning ascribed in section 4(a).
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Related to Volume Incentive

  • Average Incentive Compensation means the average of the annual incentive compensation under Subparagraph 3(a) received by Executive for the three (3) immediately preceding fiscal years or such fewer number of complete fiscal years as Executive may have been employed by the Company. In no event shall “Average Incentive Compensation” include any sign-on bonus, retention bonus or any other special bonus. Notwithstanding the foregoing, if the Executive breaches any of the provisions contained in Paragraphs 4 and 5 of this Agreement, all payments of the Severance Amount shall immediately cease. Notwithstanding the foregoing, in the event Executive terminates his employment for Good Reason as provided in Subparagraph 6(e), he shall be entitled to the Severance Amount only if he provides the Notice of Termination provided for in Subparagraph 6(f) within thirty (30) days after the occurrence of the event or events which constitute such Good Reason as specified in clauses (A), (B), (C), (D), (E) and (F) of Subparagraph 6(e);

  • Annual Incentive Award means an Award made subject to attainment of performance goals (as described in Section 14) over a performance period of up to one year (the Company’s fiscal year, unless otherwise specified by the Committee).

  • Annual Incentive Plan means the Cinergy Corp. Annual Incentive Plan or any similar plan or successor to the Annual Incentive Plan.

  • Incentive Pay means an annual amount equal to the aggregate annual bonus, in addition to Base Pay, made or to be made in regard to services rendered in any calendar year or performance period pursuant to any bonus plan of the Company.

  • STIP means the Company’s short-term incentive plan under Section 8 of the Company’s 2007 Omnibus Incentive Plan, effective May 8, 2007, as may be amended from time to time, or any successor plan, program or arrangement thereto.

  • Bid incentive means an amount deducted, for bid evaluation purposes only, from the contract base bid in order to calculate the bid price to be used to evaluate the bid on a competitively bid contract.

  • Clawback Eligible Incentive Compensation means all Incentive-based Compensation Received by an Executive Officer (i) on or after the effective date of the applicable Nasdaq rules, (ii) after beginning service as an Executive Officer, (iii) who served as an Executive Officer at any time during the applicable performance period relating to any Incentive-based Compensation (whether or not such Executive Officer is serving at the time the Erroneously Awarded Compensation is required to be repaid to the Company), (iv) while the Company has a class of securities listed on a national securities exchange or a national securities association, and (v) during the applicable Clawback Period (as defined below).

  • Incentive Bonus means a bonus opportunity awarded under Section 9 pursuant to which a Participant may become entitled to receive an amount based on satisfaction of such performance criteria as are specified in the Award 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).

  • 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.

  • Long-Term Incentive Award means an Award described in Section 6(g) hereof that is based upon a period in excess of one year.

  • Tax Incentive has the meaning set forth in Section 3.13(g).

  • Award Cycle means a period of consecutive fiscal years or portions thereof designated by the Committee over which Performance Units are to be earned.

  • Cash Incentive Award means a cash award granted pursuant to Section 8 of this Plan.

  • Density bonus means a floor area ratio bonus over the otherwise maximum allowable density permitted under the applicable zoning ordinance and land use elements of the general plan of a city, including a charter city, city and county, or county of:

  • Target Bonus means Executive’s annual (or annualized, as applicable) target bonus in effect immediately prior to Executive’s Qualifying Termination or, if Executive’s Qualifying Termination occurs during the Change in Control Period and the amount is greater, Executive’s annual (or annualized, if applicable) target bonus in effect immediately prior to the Change in Control.

  • 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.

  • Bonus Target means the annual bonus that the Executive would have received in a fiscal year under the AIP Plan and/or the EIC Plan, if the target goals had been achieved.

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

  • Bonus Amount means the greater of (i) the average annual incentive bonus earned by Executive from the Company (or its affiliates) during the last three (3) completed fiscal years of the Company immediately preceding Executive’s Date of Termination (annualized in the event Executive was not employed by the Company (or its affiliates) for the whole of any such fiscal year), and (ii) the Executive’s target annual incentive bonus for the year in which the Date of Termination occurs.

  • Bonus Compensation shall have the meaning set forth in Section 3(b).

  • Recoverable Incentive Compensation means Incentive Compensation received by a Covered Officer during the Lookback Period that exceeds the amount of Incentive Compensation that would have been received had such amount been determined based on the Accounting Restatement, computed without regard to any taxes paid (i.e., on a gross basis without regard to tax withholdings and other deductions). For any compensation plans or programs that take into account Incentive Compensation, the amount of Recoverable Incentive Compensation for purposes of this Policy shall include, without limitation, the amount contributed to any notional account based on Recoverable Incentive Compensation and any earnings to date on that notional amount. For any Incentive Compensation that is based on stock price or TSR, where the Recoverable Incentive Compensation is not subject to mathematical recalculation directly from the information in an Accounting Restatement, the Administrator will determine the amount of Recoverable Incentive Compensation based on a reasonable estimate of the effect of the Accounting Restatement on the stock price or TSR upon which the Incentive Compensation was received. The Company shall maintain documentation of the determination of that reasonable estimate and provide such documentation to the Exchange in accordance with the Listing Standards.

  • Target Bonus Percentage means, with respect to any Executive, the target bonus percentage specified for such Executive in his or her Employment Agreement.

  • MIP has the meaning set forth in Section 3(b) of the Agreement.

  • Cash Bonus means an award of a bonus payable in cash pursuant to Section 10 hereof.

  • Target Award means the target award, at 100% of target level performance achievement, payable under the Plan to a Participant for the Performance Period, as determined by the Committee in accordance with Section 3(b).