Incentive Provisions Clause Samples

Incentive provisions are contractual clauses designed to motivate parties to achieve specific performance goals or milestones by offering additional rewards or benefits. These provisions typically outline the criteria for earning incentives, such as completing a project ahead of schedule, exceeding quality standards, or achieving cost savings, and specify the form of the incentive, which could be monetary bonuses, profit sharing, or other benefits. The core practical function of incentive provisions is to align the interests of the parties and encourage optimal performance, thereby increasing the likelihood of successful project outcomes.
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Incentive Provisions. Do the Incentive Provisions apply? (clause 46) Yes
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Incentive Provisions. Do the Incentive Provisions apply? (clause 46) * For this Route Agreement, clause 46 of Annex B of the Framework Agreement shall be deleted in its entirety and replaced by the following clause: “
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Incentive Provisions. 1. The Franchisor shall pay to the Franchisee 750 yen (tax included) per contract as incentive fees for voice 20G plan, voice 50G plan, data 20G plan, and data 50G plan subscribers. For voice 3G plan and data 3G plan, the Franchisor shall pay to the Franchisee 280 yen (tax included) per contract per month as incentive fees. However, it is acknowledged that the incentive fees of 750 yen (tax included) and 280 yen per contract per month may change due to changes in purchase prices and SIM sales prices. 2. The Franchisor shall pay to the Franchisee 600 yen (tax included) per unit as incentive fees for pocket Wi-Fi devices sold during the contract period. However, it is acknowledged that the incentive fee of 600 yen (tax included) per unit per month may change due to changes in purchase prices and pocket Wi-Fi sales prices. 3. Based on reports from the Franchisee as specified in Paragraphs 1 and 2 above, the Franchisor shall confirm the number of contracts at the end of each month, and based on this number, shall pay the relevant fees by the end of the following month for the number of contracts determined for that month. 4. If there are changes to the incentive fees, the Franchisor shall notify the Franchisee in advance and negotiate new incentive fees.
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Incentive Provisions. 46.1 The provisions contained in this Route Agreement in relation to Performance Payments only and not the Contract Extension Criteria shall for the purposes of this clause 46 be referred to as the “Incentive Provisions”.
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Incentive Provisions. Revenue Determination: The pre-tax revenues under this Rider shall be determined by reducing otherwise applicable charges, associated with the SGS, MGS, LGS, LPS, SGA, MGA, or LGA rate schedules, by 30% during the first contract year, 25% during the second contract year, 20% during the third contract year, 15% during the fourth contract year and 10% during the fifth contract year. After the fifth contract year, this incentive provision shall cease. All other billing, operational and related provisions of the aforementioned rate schedules shall remain in effect. The reductions under this Rider shall not apply to service rendered to the Customer during the three (3) months beginning with the first regular meter reading occurring on or after June 1 of each year. Bills for separately metered service to existing Customers, pursuant to the provisions of this Rider, will be calculated independently of any other service rendered to the Customer at the same or other locations.
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Incentive Provisions. Any offering of direct or indirect interests in the Company to key employees and consultants of the Company shall be pursuant to such plans and arrangements as may be approved by the Members by a Supermajority Approval; provided that any such offerings shall not alter the relative Membership percentages then held by Ford and TeleTech.
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Incentive Provisions. 46.1 The provisions contained in this Route Agreement in relation to Performance Payments and the Contract Extension Criteria (and as specified in clause 46.3), shall for the purposes of this clause 46 be collectively referred to as the “Incentive Provisions”. 46.2 The Corporation shall in its absolute discretion determine whether the Incentive Provisions shall apply to the Route Agreement. Without prejudice to the generality of the foregoing, the type of situations where Corporation may exercise its discretion under this clause 46 are where the Services are in respect of school routes or mobility routes. 46.3 Where at the commencement of this Route Agreement it is noted in Schedule IC that the Incentive Provisions do not apply the following provisions shall not apply to this Route Agreement: 46.3.1 clause 2, clause 9.1.2 and clause 44; and 46.3.2 Schedule IVD and Schedule IX in their entirety. all other provisions of the Route Agreement shall continue to apply provided that where any other part of the Route Agreement relates to or can reasonably be inferred as relating to the Incentive Provisions or any part thereof, such parts shall apply mutatis mutandis. 46.4 For the avoidance of doubt if the Incentive Provisions do not apply to the Route Agreement, the Operator shall not be relieved of any of its obligations in respect of the Services including without limitation the obligation to achieve the Minimum Operated Mileage Standard and the Minimum Performance Standard.
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Related to Incentive Provisions

  • Leave Provisions The benefits which are expressly provided by this section, Article 10.0, are the sole benefits which are part of this collective Agreement, and it is agreed that other statutory or regulatory leave benefits are not incorporated, either directly or implicitly, into this Agreement, nor are such other benefits subject to the grievance procedure, Article 20. All leave provisions are subject to verification.

  • OPERATIVE PROVISIONS In consideration of the disclosure of Proprietary Information by the Disclosing Party, the Receiving Party hereby agrees: (i) to hold the Proprietary Information in strict confidence and to take all reasonable precautions to protect such Proprietary Information (including, without limitation, all precautions the Receiving Party employs with respect to its own confidential materials), (ii) not to disclose any such Proprietary Information or any information derived therefrom to any third person, (iii) not to make any use whatsoever at any time of such Proprietary Information except to evaluate internally its relationship with the Disclosing Party, and (iv) not to copy or reverse engineer any such Proprietary Information. The Receiving Party shall procure that its employees, agents and sub-contractors to whom Proprietary Information is disclosed or who have access to Proprietary Information sign a nondisclosure or similar agreement in content substantially similar to this Agreement

  • Protective Provisions In addition to any vote required by the General Corporation Law, other applicable law, the Certificate of Incorporation, or this Certificate of Designations, for so long as any of the shares of Series A Preferred Stock shall remain outstanding, the Corporation shall not, either directly or indirectly by amendment, merger, consolidation or otherwise, take any of the following actions, including whether by merger, consolidation or otherwise, without (in addition to any other vote required by the General Corporation Law, other applicable law, the Certificate of Incorporation, or this Certificate of Designations), the written consent or affirmative vote of the Holders of at least a majority of the then outstanding shares of Series A Preferred Stock voting as a separate class to: (i) authorize, create, or increase the authorized amount of, or issue any class or series of Senior Stock, or reclassify or amend the provisions of any existing class of securities of the Corporation into shares of Senior Stock; (ii) authorize, create or issue any stock or debt instrument or other obligation that is convertible or exchangeable into shares of its Senior Stock (or that is accompanied by options or warrants to purchase such Senior Stock); (iii) amend, alter or repeal any provision of the Certificate of Incorporation or this Certificate of Designations, in either case, in a manner that materially adversely affects the special rights, preferences, privileges or voting powers of the Series A Preferred Stock; (iv) declare or pay any dividends or other distributions in cash or property with respect to its Common Stock or other Junior Stock; (v) redeem, repurchase or acquire shares of its Common Stock or other Junior Stock (other than with respect to customary repurchase rights or tax withholding arrangements with respect to equity awards or benefit plans); or (vi) redeem, repurchase, recapitalize or acquire shares of its Parity Stock other than (A) pro rata offers to purchase all, or a pro rata portion, of the Series A Preferred Stock and such Parity Stock, (B) as a result of a reclassification of Parity Stock for or into other Parity Stock or Junior Stock, (C) the exchange or conversion of Parity Stock for or into other Parity Stock or Junior Stock or (D) the purchase of fractional interests in shares of Parity Stock pursuant to the conversion or exchange provisions of such Parity Stock or the security being converted or exchanged.

  • Sick Leave Provisions (A) Sick Leave Defined Sick leave means the period of time an employee is permitted to be absent from work with full pay by virtue of being sick, disabled, exposed to contagious disease, or under examination or treatment of a physician, chiropractor, or dentist, or because of an accident for which compensation is not payable under the Worker's Compensation Act. (B) Amount of Sick Leave Sick leave shall be granted to employees on the basis of one and two-third (1 2/3) days for every month of service. In any one calendar year when an employee has not had sick leave, or only a portion thereof, the employee shall be entitled to an accrual of all the unused portion of sick leave up to a maximum of 160 working days for their future benefits. Employees at maximum accumulation of 160 or more sick days shall accumulate at one half day per month effective January 1, 1993. Employees who have accumulated 160 days or more and who become ill in the year preceding retirement will be allotted a maximum of twenty (20) days to maintain their entitlement. A deduction shall be made from accumulated sick leave of all normal working days (exclusive of Statutory Holiday) absent for sick leave as defined in (A) and Article 25 (Supplementation of Compensation). The PEBT LTD Plan shall be fully integrated with the sick leave plan so that an employee will be entitled to use sick leave up to the date the employee is eligible to collect LTD (80 work days) at which time sick leave usage shall cease. (C) Illness in the Family In the case of illness at the employee's residence and/or a medical emergency/procedure at a hospital of a family member where no one other than the employee can provide for the needs of the ill person, the employee, after notifying their supervisor, shall be entitled to a maximum of eight (8) days per calendar year when supported by a medical certificate. In the event that a non-resident parent requires support due to a serious medical condition as confirmed by a medical practitioner, such time will be provided under the Family Illness provisions of this Article.