Daily Rate of Orbital Performance Incentives Clause Samples

Daily Rate of Orbital Performance Incentives. Subject to Articles 13.1.2 and 13.5, Contractor shall earn Orbital Performance Incentives over the Orbital Performance Incentive Period at a daily rate calculated by dividing the total amount of Orbital Performance Incentives by [***] (the “Daily Rate”) for each day that there is no Transponder Failure. [***].
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Daily Rate of Orbital Performance Incentives. Contractor shall be entitled to earn Orbital Performance Incentives in the cumulative amount of [***] percent ([***]%) of the Firm Fixed Price (after all Firm Fixed Price adjustments made to this Contract) over the Orbital Performance Incentive Period at a daily rate calculated by dividing the total amount of Orbital Performance Incentives by 5,479 (as of EDC, the daily rate is $[***]/ 5,479 = $[***]) for each day that there is no Transponder Failure (the “Daily Rate”). For each day (or any portion thereof) during the Orbital Performance Incentive Period that there are one or more Transponder Failures, the Daily Rate shall be adjusted in accordance with the following formula: ADR = D x (T/N) Where: ADR = Adjusted Daily Rate; D = Daily Rate; N = Number of Transponders (which shall be two times the number of the U.S. Beams and Additional Beams set forth in Exhibit B, Satellite Performance Specification); and T = number of Transponders that have not experienced a Transponder Failure ***Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions during the day. For the purposes of determining “T”, the term “Transponder” and “Transponder Failure” shall not include transponders allocated to the Loral Space Payload. For example, assuming N=126, for each Transponder Failure that occurs in any day during the Orbital Performance Incentive Period, the Daily Rate for that day is reduced by U.S. $[***](U.S. $[***]).
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Daily Rate of Orbital Performance Incentives. For Satellites accepted by Purchaser pursuant to Section 10.2 hereof, Contractor shall earn Orbital Performance Incentives at a daily rate of [*****] and [*****] per transponder for each day that a transponder operates in accordance with Performance Specification up to a maximum of [*****] days. For Satellites accepted by Purchaser pursuant to Section 10.3 hereof, Contractor shall accrue and be entitled to earn Orbital Performance Incentives at a daily rate of [*****] per transponder for each day that a transponder operates in accordance with performance Specification, but in no event shall contractor be entitled to earn more than the total of the advance payment made pursuant to Section 13.3 hereof. Any amounts of the Orbital Performance Incentive paid in advance and subsequently not earned by Contractor shall be returned to Purchaser as a Warranty Payback in accordance with Article 14 hereof.
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Related to Daily Rate of Orbital Performance Incentives

  • 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 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”).

  • 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 Measure Grantee will adhere to the performance measures requirements documented in

  • 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.