Operating Goals Methodology Sample Clauses
The Operating Goals Methodology clause defines the approach and standards by which an organization or project sets, measures, and evaluates its operational objectives. Typically, this clause outlines the specific metrics, benchmarks, or processes used to assess performance, such as key performance indicators (KPIs) or regular review intervals. By establishing a clear and consistent methodology, the clause ensures that all parties have a shared understanding of expectations and progress, thereby promoting accountability and facilitating the achievement of desired outcomes.
Operating Goals Methodology. Up until the earlier of i.) the time at which Contractor first has [***] aircraft in schedule for United Express or ii.) Contractor has operated for [***] months for United Express, Contractor will be paid a “B” level markup across all operating goals. After which the Contractor’s Monthly Operating Goals for the calendar year will be established using one of the two predetermined methodologies set forth below and will take effect on January 1 of each year.
a. When United’s annual Mainline performance (defined as performance for United Airlines’ domestic, mainline flights, weighted by departures) for any of the four Operating Goals for the most recent calendar year completed is better than United Express Best Practice Operating Performance for the most recent calendar year completed, the below methodology shall be used to determine the goal for upcoming calendar year for that individual Operating Goal.
i. Contractor’s On-Time Zero (“On-Time Zero or On-Time”) Operating Goal is calculated as equal to United’s Operating Mainline Performance (United Airlines’ domestic mainline flights, weighted by departures), adjusted downwards [***] percentage points then adjusted for regional differences. Regional differences will be accounted for by taking the resulting goal generated by the previous sentence and multiplying that number by the quotient of the weighted average of United Mainline On Time Zero performance for the hubs in which Contractor operates (weighted by Contractor hub departures) and the United Mainline System On Time Zero Performance (performance for United Airlines’ domestic mainline flights, weighted by departures).
ii. Contractor’s Controllable Flight Completion (“Controllable Completion” or “Controllable Flight Completion”) Operating Goal is equal to United’s system-wide Mainline Operating Performance (United Airlines’ domestic mainline flights, weighted by departures) for its own operation adjusted downward by [***] percentage points. Controllable Flight Completion excludes cancellations due to weather, Air Traffic Control (“ATC”) cancellations, requests by United to cancel flights in conjunction with the Ground Delay Program, acts or omissions by United, its agents and ground service providers and emergency airworthiness directives.
iii. Contractor’s Mishandled Bag (“Mishandled Bags”) Operating Goal is calculated as equal to United’s system-wide Operating Performance (domestic performance, weighted by departures) for its own operation adjusted upw...
Operating Goals Methodology. For * are set forth on APPENDIX E. For *, the Operating Goals shall be developed using the predetermined methodology set forth below. * for the calendar year will be established to be effective on each *. Contractor's * are determined using the following methodology based on United's * for the same periods:
Operating Goals Methodology. Contractor’s Monthly Operating Goals for the calendar year will be established using the predetermined methodology set forth below and will take effect on January 1 of each year. All goals and adjustments used to create these goals will be calculated using two (2) decimal points On a metric by metric basis, for calendar years when United’s Mainline performance (defined as performance for United Airlines’ domestic flights, weighted by departures) is better than United Express Best Practice Operating Performance: