Common use of Agency Performance Clause in Contracts

Agency Performance. The Agency acknowledges and agrees that Citizens may, with Agent Roundtable (ART) and Market Accountability and Advisory Committee (MAAC) input, and with Board of Governors (Board) approval, establish, and from time to time, modify performance standards for agencies. The Agency agrees to strictly adhere to such performance standards and understands the failure to do so constitutes a material breach of this Agreement.

Agency Performance. The Agency Principal acknowledges and agrees that Citizens may, with Agent Roundtable (ART) and Market Accountability and Advisory Committee (MAAC) input, and with Board of Governors (Board) approval, establish, and from time to time, modify performance standards for agencies. The Agency Principal agrees to strictly adhere to such performance standards and understands the failure to do so constitutes a material breach of this Agreement.