Arrival Performance Incentive/Disincentive Clause Samples

Arrival Performance Incentive/Disincentive. DHL will pay to ABX as provided herein a financial incentive bonus (the “Monthly Incentive Bonus”) for achieving an Arrival Performance greater than or equal to [*] ([*]%) during such month. Alternatively, ABX will provide DHL with a credit as provided herein (the “Monthly Disincentive Credit”) against amounts owed by DHL to ABX hereunder as a financial disincentive for achieving an Arrival Performance less than [*] ([*]%) during such month. The Monthly Incentive Bonus and the Monthly Disincentive Credit to which ABX may be entitled or subject to each month, are set forth in the table below, and such amounts will be subject to escalation in the amount of [*] ([*]) on April 1st of each year, beginning April 1, 2016. For the avoidance of doubt, payment to ABX of a Monthly Incentive Bonus or Monthly Disincentive Credit shall not cure an ABX Event of Default under Section 16.1(a).
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Arrival Performance Incentive/Disincentive. This Section 4 will not apply for Blocked Space Services or any Aircraft designated as a Network Spare unless the Network Spare is operating as a Spare Aircraft for a flight under the Flight Schedule. 4.1 Amazon will pay to Hawaiian a monthly financial incentive bonus (“Monthly Incentive Bonus”) for achieving an Arrival Performance greater than or equal to [***]% during such month (“Target Arrival Performance”). Alternatively, Hawaiian will provide Amazon with a credit (“Monthly Disincentive Credit”) against amounts owed by Amazon to Hawaiian hereunder as a financial disincentive for achieving an Arrival Performance less than the Target Arrival Performance during such month. The Monthly Incentive Bonus and the Monthly Disincentive Credit to which Hawaiian may be entitled or subject to each month will be paid or credited on a per Aircraft basis, as set forth in the table below. For clarity, payment to Hawaiian of a Monthly Incentive Bonus or Monthly Disincentive Credit will not cure a Hawaiian or Carrier Event of Default.
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Arrival Performance Incentive/Disincentive. 4.1. Amazon will pay to Sun Country a monthly financial incentive bonus (the “Monthly Incentive Bonus”) for achieving an Arrival Performance (as defined in the following paragraph) during such month: (a) greater than or equal to [***] during the period described in subsection (i) below; or (b) greater than [***] during the period described in subsection (ii) below. Alternatively, Sun Country will provide Amazon with a credit (the “Monthly Disincentive Credit”) against amounts owed by Amazon to Sun Country hereunder as a financial disincentive for achieving an Arrival Performance during such month (x) less than [***] during the period described in subsection (i) below; or (y) less than or equal to [***] during the period described in subsection (ii) below. The Monthly Incentive Bonus and the Monthly Disincentive Credit to which Sun Country may be entitled or subject to each month are set forth in the applicable Arrival Performance Incentive Disincentive Table listed below and will be reflected by Sun Country on the Monthly Invoice provided in accordance with Exhibit D for the calendar month in which the incentive or credit has been calculated. (i) From the Effective Date up to the first day of the month following the Services Commencement Date of the [***]th Aircraft under this Agreement the following table will apply: [***] [***] Sun Country [***] [***] [***] [***] [***] [***] [***] [***] N/A [***] [***] Amazon [***] [***] [***] [***] (ii) From and after the first day of the month after the Services Commencement Date of the [***]th Aircraft under this Agreement the following table will apply: [***] [***] Sun Country [***] [***] [***] [***] [***] [***] [***] [***] N/A [***] [***] Amazon [***] [***] [***] [***] [***] [***] [***] [***] [***] [***] 4.2. For purposes of this Agreement and the Carrier Work Orders, including for the purpose of determining the Monthly Incentive Bonus and the Monthly Disincentive Credit under this Agreement, the term “Arrival Performance” means the percentage of all flights flown in performing the Services under this Agreement (including cancelled flights due to Carrier Delay but excluding cancelled flights relating to delayed implementation of an amended Flight Schedule for which a payment was made under Section 2.10.2), in any given calendar month which arrive within not more than [***] whole minutes ([***] whole minutes for any Short Term/Low Frequency Charters) after the scheduled arrival time for each flight. If a secondary fl...
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Arrival Performance Incentive/Disincentive. 4.1. Amazon will pay to Airborne Global a monthly financial incentive bonus (the “Monthly Incentive Bonus”) for achieving an Arrival Performance (as defined in the following paragraph) greater than or equal to [*]% during such month. Alternatively, Airborne Global will provide Amazon with a credit (the “Monthly Disincentive Credit”) against amounts owed by Amazon to Airborne Global hereunder as a financial disincentive for achieving an Arrival Performance less than [*]% during such month. The Monthly Incentive Bonus and the Monthly Disincentive Credit to which Airborne Global may be entitled or subject to each month, are set forth in the table below. For clarity, payment to Airborne Global of a Monthly Incentive Bonus or Monthly Disincentive Credit will not cure an Airborne Global or Carrier Event of Default. 4.2. For purposes of this Agreement and the Work Orders, including for the purpose of determining the Monthly Incentive Bonus and the Monthly Disincentive Credit under this Agreement, the term “Arrival Performance” means, the percentage of all flights flown in performing the Services under this Agreement (including cancelled flights), in any given calendar month which arrive within not more than [*] whole minutes after the scheduled arrival time for each flight.
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Related to Arrival Performance Incentive/Disincentive

  • Performance Incentive 4.10.1 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. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Performance Incentives As a bonus, to supplement Associate Head Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is 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 Associate Head Coach knew or should have known. Associate Head Coach must also complete the _________ [insert sport] season as Associate Head [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Associate Head Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • 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”).

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Long-Term Incentive Award During the Term, Executive shall be eligible to participate in the Company’s long-term incentive plan, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.