MINIMUM Discount Term Sample Clauses

The Minimum Discount Term clause establishes the shortest period during which a specified discount must remain in effect under an agreement. In practice, this means that even if other terms of the contract change or if the agreement is terminated early, the discount cannot be withdrawn or reduced before the minimum term has elapsed. This clause ensures that the recipient of the discount can rely on receiving the agreed-upon price reduction for a guaranteed period, providing predictability and protecting against unexpected price increases.
MINIMUM Discount Term. Does the vendor agree to at least offer, for the life of the Agreement, the Minimum Discount Percentage off list or cat proposed by Vendor in response to the Attribute entitled "Discount Offered - CAUTION READ CAREFULLY BECAUSE VENDORS FREQUENTLY MAKE MISTAKES ON THIS ATTRIBUTE QUESTION"? TIPS will utilize this response to sati Long Term Cost scoring evaluation criteria. A "YES" answer will be awarded the maximum 10 points for this criterion the 100 total points and a "NO" answer is awarded 0 points. YES
View SourceView Similar (55)
MINIMUM Discount Term. If awarded on PART 1, does the vendor agree to at least offer, for the life of the Agreement, the Minimum Discount P off list or catalog proposed by Vendor in response to the Attribute entitled "Discount Offered - CAUTION READ CARE BECAUSE VENDORS FREQUENTLY MAKE MISTAKES ON THIS ATTRIBUTE QUESTION"? TIPS will utilize this respo satisfy the Long Term Cost scoring evaluation criteria on PART 1. A "YES" answer will be awarded the maximum 10 this criterion out of the 100 total points and a "NO" answer is awarded 0 points. YES
View SourceView Similar (5)
MINIMUM Discount Term. If awarded on PART 1, does the vendor agree to at least offer, for the life of the Agreement, the Minimum Discount Percentage off list or catalog proposed by Vendor in response to the Attribute entitled "Discount Offered - CAUTION READ CAREFULLY BECAUSE VENDORS FREQUENTLY MAKE MISTAKES ON THIS ATTRIBUTE QUESTION"? TIPS will utilize this response to satisfy the Long Term Cost scoring evaluation criteria on PART 1. A "YES" answer will be awarded the maximum 10 points for this criterion out of the 100 total points and a "NO" answer is awarded 0 points. YES If awarded on Part 1 of the TIPS Contract, for the duration of the Contract, Vendor agrees to provide, upon request, their then current catalog pricing, as defined in the solicitation and below, to TIPS upon request for any goods and services offered on PART 1 of the Vendor's TIPS Contract, if any.
View SourceView Similar (4)
MINIMUM Discount Term. If awarded on PART 1, does the vendor agree to at least offer, for the life of the Agreement, the Minimum Discount P catalog proposed by Vendor in response to the Attribute entitled "Discount Offered - CAUTION READ CAREFULLY B FREQUENTLY MAKE MISTAKES ON THIS ATTRIBUTE QUESTION"? TIPS will utilize this response to satisfy the Lon evaluation criteria on PART 1. A "YES" answer will be awarded the maximum 10 points for this criterion out of the 10 "NO" answer is awarded 0 points. YES
View Source

Related to MINIMUM Discount Term

  • Volume Discounts Contractor may offer volume discounts. Volume discounts may be applied per order. Volume discounts shall be defined and applied as follows: Volume discounts shall be additional discounts applied to individual orders over a specified dollar amount.

  • Required Minimum Distributions You are required to take minimum distributions from your IRA at certain times in accordance with Treasury Regulation 1.408-8. Below is a summary of the IRA distribution rules. 1. If you were born before July 1, 1949, you are required to take a minimum distribution from your IRA for the year in which you reach age 70½ and for each year thereafter. You must take your first distribution by your required beginning date, which is April 1 of the year following the year you attain age 70½. If you were born on or after July 1, 1949, you are required to take a minimum distribution from your IRA for the year in which you reach age 72 and for each year thereafter. You must take your first distribution by your required beginning date, which is April 1 of the year following the year you attain age 72. The minimum distribution for any taxable year is equal to the amount obtained by dividing the account balance at the end of the prior year by the applicable divisor. 2. The applicable divisor generally is determined using the Uniform Lifetime Table provided by the IRS. If your spouse is your sole designated beneficiary for the entire calendar year, and is more than 10 years younger than you, the required minimum distribution is determined each year using the actual joint life expectancy of you and your spouse obtained from the Joint Life Expectancy Table provided by the IRS, rather than the life expectancy divisor from the Uniform Lifetime Table. We reserve the right to do any one of the following by your required beginning date. (a) Make no distribution until you give us a proper withdrawal request (b) Distribute your entire IRA to you in a single sum payment (c) Determine your required minimum distribution each year based on your life expectancy calculated using the Uniform Lifetime Table, and pay those distributions to you until you direct otherwise If you fail to remove a required minimum distribution, an additional penalty tax of 50 percent is imposed on the amount of the required minimum distribution that should have been taken but was not. You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the IRS.