Performance Standard Deduction Sample Clauses

Performance Standard Deduction. From the Services Commencement Date, a deduction (PPSDy) shall be made from each Partner’s Annual Unitary Payment for the Partner’s share of the Performance Standard Deductions made under the Project Agreement Payment Mechanism in respect of the relevant Contract Year. (PPSDy) shall be calculated as follows: PPSD y = (∑ SPDCP x CSRp) + ∑ SPDPs Where: PPSDy = the Partner’s Performance Standard Deductions due in respect of the relevant Contract Year ∑ SPDCP = the sum of the non Partner specific Performance Standard Deductions made in the relevant Contract Year, being the amount calculated as stated in the Performance Measurement Framework CSRP = the Partner's Cost Sharing Ratio as set out in paragraph 1 of this Schedule 11 ∑ SPDPs = the sum of the Partner specific Performance Standard Deductions made in the Contract Year ‘y’ , being the amount calculated as stated in paragraph 11 of the Project Agreement Payment Mechanism
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Performance Standard Deduction. From the Services Commencement Date, a deduction (PPSDy) shall be made from each Partner’s Annual Unitary Payment for the Partner’s share of the Performance Standard Deductions made under the Project Agreement Payment Mechanism in respect of the relevant Contract Year. (PPSDy) shall be calculated as follows: PPSD y = (∑ SPDCP x CSRp) + ∑ SPDPs Where: PPSDy = the Partner’s Performance Standard Deductions due in respect of the relevant Contract Year ∑ SPDCP = the sum of the non Partner specific Performance Standard Deductions made in the relevant Contract Year, being the amount calculated as stated in the Performance Measurement Framework CSRP = the Partner's Cost Sharing Ratio as set out in paragraph 1 of this Schedule 11 ∑ SPDPs = the sum of the Partner specific Performance Standard Deductions made in the Contract Year ‘y’ , being the amount calculated as stated in the Performance Measurement Framework

Related to Performance Standard Deduction

  • Performance Standard Contractor shall perform all work hereunder in a manner consistent with the level of competency and standard of care normally observed by a person practicing in Contractor's profession. County has relied upon the professional ability and training of Contractor as a material inducement to enter into this Agreement. Contractor hereby agrees to provide all services under this Agreement in accordance with generally accepted professional practices and standards of care, as well as the requirements of applicable federal, state and local laws, it being understood that acceptance of Contractor’s work by County shall not operate as a waiver or release. If County determines that any of Contractor's work is not in accordance with such level of competency and standard of care, County, in its sole discretion, shall have the right to do any or all of the following: (a) require Contractor to meet with County to review the quality of the work and resolve matters of concern; (b) require Contractor to repeat the work at no additional charge until it is satisfactory; (c) terminate this Agreement pursuant to the provisions of Article 4; or (d) pursue any and all other remedies at law or in equity.

  • Performance Standards The Contractor agrees to perform all tasks and provide deliverables as set forth in the Contract. The Department and the Customer will be entitled at all times, upon request, to be advised as to the status of work being done by the Contractor and of the details thereof.

  • Performance Schedule The Parties will perform their respective responsibilities in accordance with the Performance Schedule. By executing this Agreement, Customer authorizes Motorola to proceed with contract performance.

  • Performance Levels (a) The Performance Levels which apply to the performance by the respective Parties of their obligations under this Agreement are set out in Part 1 of Schedule 5. A failure by either Party to achieve the relevant Performance Level will not constitute a breach of this Agreement and the only consequences of such failure as between the Parties shall be the consequences set out in this Clause 5.6.

  • Performance Incentive 4.9.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ.

  • Performance Incentives Provided that sufficient funds are available from athletics revenue or gifts for the unrestricted use of the Department of Athletics, Athletics Director shall be entitled to receive additional non-salary compensation from the University in the form of the following stated bonuses for increased responsibilities, provided that all varsity sports are in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Athletics Director knew or should have known. [Insert Incentives – See examples below

  • Performance Delay Time is of the essence in the Vendor’s performance of this Agreement. If at any time it appears to Vendor that it may not meet any of the performance schedules or the scheduled completion date of the services to be performed for any reason, including labor disputes, Vendor shall immediately by verbal means (to be confirmed in writing) notify Customer of the reasons for and the estimated duration of such delay. If requested by Customer, Vendor shall make every effort to avoid or minimize the delay to the maximum extent possible including the expenditure of premium time. Any additional cost caused by these requirements of Customer shall be borne by Vendor, unless the delay in performance arises out of causes beyond the control and without the fault or negligence of Vendor or its subcontractors within the meaning of the Cancellation- Default clause herein. The foregoing requirements are in addition to any of Customer’s other rights and remedies as may be provided by law or this Agreement.

  • Performance Bonus If Employee's employment is terminated by Employee with cause, or by Bank without cause, Employee shall be paid, in addition to the amounts payable under Sections 3.5 and 3.6 of the Agreement: (i) all non-forfeitable deferred compensation, if any; and (ii) unpaid performance bonus payments, if any, payable under Section 4.2 of the Agreement, which shall be declared earned and payable based upon performance up to, and shall be pro-rated as of, the date of termination. Employee shall not be entitled to such unpaid performance bonus payments if Employee's employment is terminated by Bank with cause, or by Employee without cause.

  • Performance Measurement Satisfactory performance of this Contract will be measured by:

  • Performance Pay In accordance with Section 8 of the General Appropriations Act for Fiscal Year 2020-2021, contingent upon the availability of funds and at the Agency Head’s discretion, each agency is authorized to grant merit pay increases based on the employee’s exemplary performance, as evidenced by a performance evaluation conducted pursuant to Rule 60L-35, Florida Administrative Code.

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