Performance Incentive. 5.10.1 If the Seller delivers Coal to the Purchaser in excess of the 100% of ACQ for a Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”) for the excess Coal supplied: Percentage of actual deliveries Percentage of Incentive at the rate of Bid price under FSA(to be calculated over ‘As delivered price of coal’) Beyond 100% of ACQ Flat 50 Actual Deliveries = Actual Quantity [in tonnes] of Coal delivered by the Seller for the relevant Year. 5.10.2 With respect to part of Year in which Term of this Agreement begins or ends, the relevant quantities for the above purpose shall apply pro-rata.
Appears in 4 contracts
Sources: Fuel Supply Agreement, Fuel Supply Agreement, Fuel Supply Agreement