Provision of Incentives Sample Clauses

The Provision of Incentives clause outlines the terms under which rewards, bonuses, or other benefits are offered to parties for meeting specific performance targets or milestones. Typically, this clause details the types of incentives available, the criteria for earning them, and the process for their distribution, such as financial bonuses for early project completion or additional compensation for exceeding sales goals. Its core function is to motivate parties to achieve or surpass agreed-upon objectives, thereby aligning interests and encouraging higher performance.
Provision of Incentives. (1) Liquidity Provider shall receive Incentives pursuant to this Liquidity Provider Agreement and the requirements stipulated in the respective Product Specific Supplements. Incentives may consist of Monetary (e.g. rebates on transaction fees) and/or Non-Monetary Incentives (e.g. increased limits for ESU). (2) Incentives shall be granted in full only if the requirements of the respective Product Specific Supplement have been fulfilled in the month prior to the month in which they are relevant. For the avoidance of doubt, no Incentives shall be granted for contracts traded on A- or P-Accounts. (3) The transaction fees subject for a rebate under this Agreement are charged pursuant to the Price List of Eurex Clearing AG (which form part of the Clearing Conditions of Eurex Clearing AG). Therefore, any rebates granted are only applicable on transaction fees charged by ECAG towards the relevant contractual party (i.
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Provision of Incentives. (1) Liquidity Provider shall receive Incentives pursuant to this Liquidity Provider Agreement and the requirements stipulated in the respective Product Specific Supplements. Incentives may consist of Monetary (e.g., rebates on transaction fees) and/or Non-Monetary Incentives (e.g., increased limits for ESU). (2) Incentives shall be granted in full only if the requirements of the respective Product Specific Supplement have been fulfilled in the month prior to the month in which they are relevant. For the avoidance of doubt, no Incentives shall be granted for contracts traded on A- or P-Accounts. (3) The transaction fees subject for a rebate under this Agreement are charged pursuant to the Price List of Eurex Clearing AG (which form part of the Clearing Conditions of Eurex Clearing AG). Therefore, any rebates granted are only applicable on transaction fees charged by Eurex Clearing towards the relevant contractual party (i.e., Clearing Members). In case the Liquidity Provider is not a Clearing Member and, thus, did not enter into a direct contractual relationship where the Price List of Eurex Clearing AG is applicable (e.g., where the Liquidity Provider is a DC Market Participant), Eurex Clearing shall apply the rebates towards the responsible Clearing Member which collects the transaction fees towards its customers. For the avoidance of doubt, in such a case it is then in the responsibility of the Liquidity Provider to agree with its Clearing Member on the provision of incentives in this relationship. (4) From the Effective Date and until further notice, Eurex Frankfurt and Eurex Clearing shall automatically monitor whether Liquidity Provider fulfils the respective requirements for granting Incentives. For this period, the Product Specific Supplements apply automatically when Liquidity Provider provides liquidity in the respective product. For the avoidance of doubt, Liquidity Provider is not required to select the products where Liquidity Provider intends to provide liquidity.
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Related to Provision of Incentives

  • Collection of Income The Custodian shall use reasonable commercial efforts to collect all income and other payments with respect to the Foreign Assets held hereunder to which the Portfolios shall be entitled and shall credit such income, as collected, to the applicable Portfolio. In the event that extraordinary measures are required to collect such income, the Fund and the Custodian shall consult as to such measures and as to the compensation and expenses of the Custodian relating to such measures.

  • Notification of Incorrect Certificate The Company will, at any time during the term of this Agreement, as supplemented from time to time, advise the Manager immediately after it shall have received notice or obtained knowledge thereof, of any information or fact that would alter or affect any opinion, certificate, letter and other document provided to the Manager pursuant to Section 6 herein.

  • Services and Compensation Consultant shall perform the services described in Exhibit A (the “Services”) for the Company (or its designee), and the Company agrees to pay Consultant the compensation described in Exhibit A for Consultant’s performance of the Services.

  • Collection of Income and Other Payments (A) collect and receive for the account of each Portfolio, all income, dividends, distributions, coupons, option premiums, other payments and similar items, included or to be included in the Property, and, in addition, promptly advise each Portfolio of such receipt and credit such income to each Portfolio's custodian account; (B) endorse and deposit for collection, in the name of the Fund, checks, drafts, or other orders for the payment of money; (C) receive and hold for the account of each Portfolio all securities received as a distribution on the Portfolio's securities as a result of a stock dividend, share split-up or reorganization, recapitalization, readjustment or other rearrangement or distribution of rights or similar securities issued with respect to any securities belonging to a Portfolio and held by PFPC Trust hereunder; (D) present for payment and collect the amount payable upon all securities which may mature or be called, redeemed, retired or otherwise become payable (on a mandatory basis) on the date such securities become payable; and (E) take any action which may be necessary and proper in connection with the collection and receipt of such income and other payments and the endorsement for collection of checks, drafts, and other negotiable instruments.

  • Termination of Insurance A. Your policy will lapse if you do not pay your premium when due. B. We may cancel your policy by mailing written notice to you at your most recent address in our records. We will send you this notice ten (10) days before we cancel your policy. C. You may cancel your policy at any time by notifying us in writing. D. We will refund unearned premiums on a prorated basis if either you or we cancel your policy.