Incentive Fee. In the event that the actual costs for the development and construction of the Project are less than the Projected Project Costs (such difference being referred to as the "Savings"), fifty percent (50%) of the Savings shall be paid to the Developer as an incentive fee.
Appears in 53 contracts
Samples: 127 Development Agreement (Carematrix Corp), 130 Development Agreement (Carematrix Corp), 134 Development Agreement (Carematrix Corp)
Incentive Fee. In the event that the actual costs cots for the development and construction of the Project are less than the Projected Project Costs (such difference being referred to as the "Savings"), fifty percent (50%) of the Savings shall be paid to the Developer as an incentive fee.
Appears in 3 contracts
Samples: Development Agreement (Carematrix Corp), Development Agreement (Carematrix Corp), Development Agreement (Carematrix Corp)
