AVAILABILITY; HEAT RATE; AND COMPENSATION Clause Samples

The "Availability; Heat Rate; and Compensation" clause defines the standards and requirements for a facility's operational performance, specifically focusing on its availability for service, the efficiency of its energy conversion (heat rate), and the associated financial compensation. In practice, this clause sets measurable benchmarks for how often the facility must be operational and the maximum allowable heat rate, often linking these metrics to payment adjustments or penalties. By establishing clear performance criteria and tying them to compensation, the clause incentivizes reliable and efficient operation while providing a mechanism to address underperformance.
AVAILABILITY; HEAT RATE; AND COMPENSATION. 27 4.1 Availability 27 4.2 Heat Rate 30 4.3 Product Compensation 32 4.4 Start-Up Payment 35 4.5 Failed Start Penalty 35 4.6 Other Payment Adjustments 36
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AVAILABILITY; HEAT RATE; AND COMPENSATION. 24 4.1 Availability 24 4.2 Heat Rate 26 4.3 Product Compensation 29 4.4 Start-Up Payment 32 4.5 Start-Up Factor Discount 32
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AVAILABILITY; HEAT RATE; AND COMPENSATION. XII.1 Availability.
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Related to AVAILABILITY; HEAT RATE; AND COMPENSATION

  • Rate of Compensation In lieu of direct compensation for all overtime, shift work and standby (as defined in Articles 16, 17 and 18 of this Agreement), regular full-time employees shall receive a special compensation of 7% of their basic salary earned for each calendar year. This special compensation shall not be considered part of the employee's basic salary for the purpose of calculating any benefits or other premium entitlements.

  • WAGES AND COMPENSATION Section 1:

  • Basis of Compensation The Owner shall compensate the Architect/Engineer for the services provided in accordance with Article 7. Payments to the Architect/Engineer shall be as follows:

  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Total Compensation 5.1. Contractor shall include Total Compensation in ▇▇▇ for each of its five most highly compensated Executives for the preceding fiscal year if: 5.1.1. The total Federal funding authorized to date under the Award is $25,000 or more; and 5.1.2. In the preceding fiscal year, Contractor received: 5.1.2.1. 80% or more of its annual gross revenues from Federal procurement contracts and subcontracts and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.2.2. $25,000,000 or more in annual gross revenues from Federal procurement contracts and subcontracts and/or Federal financial assistance Awards or Subawards subject to the Transparency Act; and 5.1.3. The public does not have access to information about the compensation of such Executives through periodic reports filed under section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m(a), 78o(d) or § 6104 of the Internal Revenue Code of 1986.