Common use of Outcome Payments Clause in Contracts

Outcome Payments. 2.3.3.1 MOPAC shall pay the Outcome Payments to the Provider in arrears. 2.3.3.2 The amount of the Outcome Payment that will be paid to the Provider in each quarter will be dependent on an assessment of their performance against the Key Performance Indicators. For the avoidance of doubt, if the Service Provider does not meet all of the Key Performance Indicators in a quarter, they will not be entitled to receive 100% of the Outcome Payment. 2.3.3.3 The Provider shall be required to submit a monitoring return quarterly, in line with the timescales set out in Annex 3 to this Schedule, to evidence their performance against the Key Performance Indicators, prior to submitting an invoice for payment in line with the provisions of Clause 5 and this Schedule 4.

Outcome Payments. 2.3.3.1 MOPAC shall pay the Outcome Payments to the Provider Recipient in arrears. 2.3.3.2 The amount of the Outcome Payment that will be paid to the Provider Recipient in each quarter will be dependent on an assessment of their performance against the Key Performance Indicators. For the avoidance of doubt, if the Service Provider does not meet all of the Key Performance Indicators in a quarter, they will not be entitled to receive 100% of the Outcome Payment. 2.3.3.3 The Provider Recipient shall be required to submit a monitoring return quarterly, in line with the timescales set out in Annex 3 to this Schedule, to evidence their performance against the Key Performance Indicators, prior to submitting an invoice for payment in line with the provisions of Clause 5 and this Schedule 4.