Annual Rebate Sample Clauses

The Annual Rebate clause establishes the terms under which a buyer is entitled to receive a rebate from the seller based on the volume of purchases or other performance metrics over a one-year period. Typically, this clause outlines the calculation method for the rebate, the qualifying criteria, and the timing of payment, such as providing a percentage refund if certain purchase thresholds are met within the year. Its core function is to incentivize higher purchase volumes or sustained business, while also providing a clear mechanism for financial adjustments at the end of each contract year.
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Annual Rebate. If Marketer purchases and pays for at least n/a gallons of the Products described herein during the twelve month period commencing on the date hereof, and extends this agreement for a subsequent year. Distributor shall issue a credit of n/a cent(s) per gallon on such Products, which credit shall be applied to future purchases. Distri-butor will provide Marketer with a monthly summary of Products purchased.
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Annual Rebate. An annual rebate has not been negotiated and awarded under this contract.
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Annual Rebate. Beverage Provider agrees to provide the City an annual rebate for all fountain products based on the prior year sales. The rebate is to be $2.00 per gallon of fountain product purchased. The Annual Rebate shall be paid within sixty (60) days after each Year’s anniversary date during the Term
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Annual Rebate. Supplier will provide an annual volume rebate (“Rebate”) to Honeywell equal to one percent (1%) of its annual revenue in every Contract Year of this Agreement. Supplier’s “revenue” is the total amount invoiced to Honeywell for both Services and Products. Unless payment of the Rebate is provided for elsewhere in this Agreement or otherwise mutually agreed by the Parties in writing, the Rebate will be payable within thirty (30) days of Honeywell’s invoice to Supplier. 2 Under this Article, validate if 5% is the correct percentage of productivity, or needs to be increased or decreased depending upon the Products/Services being provided. Be mindful that overall productivity includes value-engineering and consumption reduction as well. 3 Under certain circumstances, the project justifies an “Additional Investment” by the Supplier. An example when you may want to add this Additional Investment clause, and it is only one example, is when the Supplier performs significant Services for Honeywell or performs on Honeywell sites, such as Security Services. If your project justifies this Additional Investment clause, first remove the word “Reserved” and then insert this language: “Supplier will invest at least one percent (1%) of its annual revenue, in every Contract Year of this Agreement (“Additional Investment”), for capital equipment, software or similar items to improve the level or quality of Services provided or Products sold to Honeywell. Supplier’s “revenue” is the total amount invoiced to Honeywell for both Services and Products. Unless otherwise agreed by the Parties in writing, all items constituting the Additional Investment will be purchased in the name and on behalf of Honeywell or a Honeywell designee, and from Honeywell sources, except to the extent identical or substantially similar products are not produced or sold by Honeywell sources. Supplier will keep an up-to-date inventory of the Additional Investment and will provide Honeywell such list promptly upon request.”
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Annual Rebate. The annual two percent (2%) rebate credited to DOIT shall be based upon revenue as follows: revenue collected by MCI from services under this Agreement provided and billed by MCI, exclud- ing: (i) amounts billed, but not paid; (ii) taxes; (iii) credits; (iv) revenue for commissioned services, including revenue related to the inmate phone system; (v) amounts MCI collects or otherwise pays to third parties in support of regulatory programs. This category includes the Universal Service Fund, the State 911 charge, the Connecticut Service Fund, and the Carrier Cost Recovery Charge. If some future regulatory development establishes a new charge, MCI and the State will mutually ▇▇- ▇▇▇▇▇▇▇ the exemption of such charges from the annual rebate at that time; and (vi) amounts MCI pays to payphone service providers pursuant to Section 276 of the Telecommunications Act of 1996 ("Section 276") and the regulations implementing Section 276. The annual rebate payment shall be calculated for the period July 1st through June 30th for each year the contract is in effect, including any contract extensions. The Provider shall make the annual rebate payment to Customer no later than August 15th of each year. The first rebate payment shall be prorated, from the start of contract through the first June 30th, with payment due by August 15th. The final rebate payment to Customer shall be made no later than six weeks from the date of contract termination or expiration. The Provider shall provide a semi-annual summary report to Customer identifying rebate pe- riod, billed entity, total billed, rebate due/paid, and all new users of the State contract. The State re- serves the right to audit the calculation of such rebate and at its sole discretion issue an invoice for any difference in calculation that shall be paid immediately by the Provider.
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Annual Rebate. (i) If the Total Annual Minimums set forth in Section 2 above are achieved, then the remaining [***]50 of each Quarterly Rebate can be applied to the first shipment in 2016; or (ii) If the Total Annual Minimums set forth in Section 2 above are not achieved, then the remaining [***]51 of each Quarterly Rebate will be forfeited.
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Annual Rebate. 8.1 It is agreed that an annual rebate (the "REBATE") shall be granted by the Seller to the Buyer if the following conditions which are cumulative are duly fulfilled: 8.1.1 overall sales over the Contractual Year, including the Missing Tonnage, are greater than *** tons including: 8.1.2 at least *** tons of CHG in widths of 700 to 800 mm or 1,290 to 1,500 mm, 8.1.3 at least *** tons of CHG in widths of 1,200 to 1,290 mm, 8.1.4 at least *** tons of CHG in widths of 900 to 1,050 mm or 1,100 to 1,200 mm. 8.2 The Rebate value will be ***% of the sum of the Conversion Charges invoiced by the Seller over the Contractual Year if all the conditions are fulfilled. If any of the above mentioned conditions is not fulfilled no Rebate will be due by the Seller. 8.3 The amount of the Rebate shall be calculated for each Company and the portion of the Rebate due to such Company shall be paid directly to said Company at the latest on January 31 of the year following the end of the Contractual Year.
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Annual Rebate. If Party B reaches the annual required sales target of boxes, it is entitled to receive % annual rebate. If Party B exceeds the annual required sales target of _____boxes, the amount exceeds the target will be entitled with a % rebate. Notes: Party B will be entitled to receive annual rebates only if there is no overdue payment, no violation of agreed market price and agreed sales territory of Party B.
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Related to Annual Rebate

  • EI REBATE 1. The employer shall remit monthly to the BCTF Salary Indemnity Fund the proportionate share of the employment insurance premium reduction set out in the Previous Local Agreement. Where the proportionate share is not expressed in the Previous Local Agreement, the employer shall remit monthly to the BCTF Salary Indemnity Fund an amount consistent with the past practice of the local parties. The amount remitted on behalf of any employee shall not be less than 5/12 of said reduction. 2. The employer shall calculate each employee’s share of the savings which have been remitted pursuant to Article B.4.1 above and include that amount as part of the employee’s taxable income on the yearly T4 slip.

  • Annual Reviews Within thirty (30) days after each annual anniversary of the Effective Date of this Agreement, the Company shall review Employee’s performance of his duties pursuant to this Agreement and advise Employee of the results of that review; provided, however, that Company may elect to conduct a partial-year performance review in order to synchronize Employee’s annual review date with that of the Company’s other executives. In connection with each such review, the Company shall evaluate whether any increase in Employee’s compensation under Section 2, below, is appropriate.

  • Bonus The Executive shall be eligible for Bonuses determined by the Board.

  • Annual Evaluation The Partnership will be evaluated on an annual basis through the use of the Strategic Partnership Annual Evaluation Format as specified in Appendix C of OSHA Instruction CSP ▇▇-▇▇-▇▇▇, OSHA Strategic Partnership Program for Worker Safety and Health. The Choate Team will be responsible for gathering required participant data to evaluate and track the overall results and success of the Partnership. This data will be shared with OSHA. OSHA will be responsible for writing and submitting the annual evaluation.

  • Annual Cash Bonus During the Term, Executive may be eligible to receive an annual cash bonus, on terms and conditions as determined by the Committee in its sole discretion taking into account Company and individual performance objectives.