Common use of Achievement Credits Clause in Contracts

Achievement Credits. If during any Contract Year, Customer’s Contributing Charges for such Contract Year (excluding Verizon Business International Services Contributing Charges) equal or exceed one of the tiers set forth in the following table, Customer shall receive the corresponding “Achievement Credit”. The Achievement Credit will be applied against Contributing Charges for Interstate (Option 2 and Option 3) Services for up to ten (10) billing account numbers to be designated by Customer. The Achievement Credit will be posted in the second full monthly billing cycle following the end of the relevant Contract Year. Customer shall be eligible to earn only one (1) Achievement Credit per Contract Year. Total Contributing Charges Tier Achievement Credit $5,000,000 to $7,499,999 $100,000 $7,500,000 to $9,999,999 $200,000 $10,000,000 and greater $350,000 Non-Recurring Credits:

Appears in 3 contracts

Samples: enterprise.verizon.com, enterprise.verizon.com, enterprise.verizon.com

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Achievement Credits. If during any Contract Year, Customer’s Contributing Charges for such Contract Year (excluding Verizon Company Business International Services Contributing Charges) equal or exceed one of the tiers set forth in the following table, Customer shall receive the corresponding “Achievement Credit”. The Achievement Credit will be applied against Contributing Charges for Interstate (Option 2 and Option 3) Services for up to ten (10) billing account numbers to be designated by Customer. The Achievement Credit will be posted in the second full monthly billing cycle following the end of the relevant Contract Year. Customer shall be eligible to earn only one (1) Achievement Credit per Contract Year. Total Contributing Charges Tier Achievement Credit $5,000,000 to $7,499,999 $100,000 $7,500,000 to $9,999,999 $200,000 $10,000,000 and greater $350,000 Non-Recurring Credits:

Appears in 1 contract

Samples: enterprise.verizon.com

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