Variable Payment definition

Variable Payment means the payment to be made by Buyer to Seller pursuant to Section 5.1 in respect of Delivered Energy (up to the Maximum Delivered Contract Energy in each applicable MISO Settlement Interval) during the relevant month.

Variable Payment means such payment, however expressed and whether paid annually or otherwise, which serves as an incentive to all employees to increase their productivity or as a reward for their contribution;

Variable Payment or “VPm” is the payment calculated using the equation set forth in Section 6.2(b).

Examples of Variable Payment in a sentence

• The Monthly Invoice shall set forth (a) the Variable Payment for such Billing Month, (b) any liquidated damages payable by Seller pursuant to Section 3.7, Section 3.9, Section 4.3(b) or Section 6.1, (c) any other amount owed by Buyer to Seller, or vice versa, under the Agreement that has not previously been invoiced and (d) the total amount due by each Party thereunder and the net amount due thereunder.

• Subject to the other terms hereof, for each month of the Delivery Term, Buyer shall pay to Seller the Variable Payment determined in accordance with Schedule 5.1 for Delivered Energy and Charging Energy during such month.

• B(133)],July 22, 1949.Extension of Variable Payment PlanAuthority of Secretary to extend benefits of variable payment plan to organizations with which he contracts or has contracted for the repayment of construction costs allocated to irrigation on any project undertaken by the United States, including contracts for the stor- age of water or for the use of stored water under this section, see section 2 of Pub.

• Based on this Report, Operator’s Variable Payment owed to Department for the previous Term Year shall be determined.

• A Variable Payment is made, if applicable, at the end of each agreement year.

More Definitions of Variable Payment

Variable Payment means a cash payment, which may be an addition to Base Pay, made pursuant to the Plan with respect to a particular Performance Period. The amount of a Variable Payment may be less than, equal to or greater than the Target Variable Payment; provided, however, that a Variable Payment shall not be greater than an amount equal to two hundred percent (200%) of the Target Variable Payment.

Variable Payment. The price which JPS will pay to the Company per kWh for Net Energy Output delivered from the Facility to JPS, in accordance with JPS Dispatch instructions, each Month as measured in accordance with Clause 9.2 and Schedule 5 and as calculated in accordance with Article 9 and Schedule 6.

Variable Payment has the meaning set forth in section 5.2(d)(iii).

Variable Payment has the meaning given to it in Section 1.3(a) of Schedule 6.

Variable Payment means the payment calculated in accordance with Condition 10.1 (Variable Payment Calculation);

Variable Payment means the payment calculated in accordance with schedule 4 (Variable Payment Calculation) to be made by the DPA Counterparty to the Generator in the circumstances set out in clause 11 (Variable Payment);

Variable Payment means the payment made by JSR as defined in Article 5.2.