Annual Performance Contract Clause Samples

Annual Performance Contract. Subject to the terms and conditions hereof and the terms of the Structural Agreement, OCF and the City enter into this annual contract that sets forth the City’s financial support for OCF (the “Grant”), and that establishes measurable performance standards for OCF aligning with OCF’s strategic plan. The City’s Grant shall be used solely for the operations and capital expenditures of Overture Center. The Grant will be for calendar year 2023 (“Grant Period”) subject to annual appropriation by the City. OCF applied for a Grant on or before August 1, 2022 and will do so on or before August 1 for each subsequent calendar year. This Annual Performance Contract will be attached to the Grant request. Unless terminated earlier as provided herein, this Agreement shall automatically terminate effective December 31, 2023.
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Annual Performance Contract. Subject to the terms and conditions hereof, OCF and the City enter into this annual contract that sets forth the City’s financial support for OCF, and that establishes measurable performance standards for OCF, as the City does with other grant recipients from the City. The first grant will be for calendar year 2012 (“Grant Period”) subject to annual appropriation by the City. OCF will apply for a grant on or before August 1, 2011 and on or before August 1 for each subsequent calendar year. This Annual Performance Contract will be attached to the grant request. Unless terminated earlier as provided herein, this Agreement shall automatically terminate effective December 31, 2012.
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Related to Annual Performance Contract

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Annual Performance Review The Employee’s performance of his duties under this Agreement shall be reviewed by the Board of Directors or a committee of the Board of Directors at least annually and finalized within thirty (30) days of the receipt of the annual audited financial statements. The Board of Directors or a committee of the Board of Directors shall additionally review the base salary, bonus and benefits provided to the Employee under this Agreement and may, in their discretion, adjust the same, as outlined in Addendum B of this Agreement, provided, however, that Employee’s annual base salary shall not be less than the base salary set forth in Section 4(A) hereof.

  • Annual Performance Evaluation On either a fiscal year or calendar year basis, (consistently applied from year to year), the Bank shall conduct an annual evaluation of Executive’s performance. The annual performance evaluation proceedings shall be included in the minutes of the Board meeting that next follows such annual performance review.

  • Ongoing Performance Measures The Department intends to use performance-reporting tools in order to measure the performance of Contractor(s). These tools will include the Contractor Performance Survey (Exhibit G), to be completed by Customers on a quarterly basis. Such measures will allow the Department to better track Vendor performance through the term of the Contract(s) and ensure that Contractor(s) consistently provide quality services to the State and its Customers. The Department reserves the right to modify the Contractor Performance Survey document and introduce additional performance-reporting tools as they are developed, including online tools (e.g. tools within MFMP or on the Department's website).

  • 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.