Availability Bonus Sample Clauses

Availability Bonus. During each Summer Month of the Services Term in which the Availability of the Units is 99% or greater, AA for the Units, measured as a percentage, shall be 102%.
Sample 1Sample 2Sample 3See All (10)
AutoNDA by SimpleDocs
Availability Bonus. (i) The Capacity Payment payable by Party B shall be increased by an amount (the “Availability Bonus”) calculated as follows: if the Availability of any Designated Unit during Peak Times of any Designated Month (each, in respect of the relevant Designated Unit, the “Peak Time Unit Availability”) is greater than 86%, then, subject to Section 8(c)(ii), the Availability Bonus for such Designated Unit in respect of such Designated Month shall equal: For AL 1 $4,039 multiplied by (Peak Time Unit Availability minus 86%), For AL 5 $11,077 multiplied by (Peak Time Unit Availability minus 86%), For AL 6 $11,077 multiplied by (Peak Time Unit Availability minus 86%), For HB 1 $5,000 multiplied by (Peak Time Unit Availability minus 86%), For HB 2 $5,000 multiplied by (Peak Time Unit Availability minus 86%), and For RB 6 $4,008 multiplied by (Peak Time Unit Availability minus 86%). If the Peak Time Unit Availability is less than 86%for a Designated Unit, then the Availability Bonus for such Designated Unit for such Designated Month shall be zero. (ii) From the Start Date through calendar year 2004, Availability Bonus amounts calculated pursuant to Section 8(c)(i) shall be reduced by 50%.
Sample 1
Availability Bonus. 6.9.1 For the Summer of each Year, LEM shall pay to Georgia Power a lump sum bonus of [redacted]. 6.9.2 If the Service Commencement Date is later than the Contract Service Commencement Date for any Block, then, for all Peak Hours between the Contract Service Commencement Date and the Service Commencement Date, there shall be considered to be Undelivered Energy for such Block for the purpose only of calculating Availability for the applicable Summer under this Section 6.9.
Sample 1
Availability Bonus. (a) If for any Production Period, the Measured Average Availability for such Production Period is greater than 96% for such Production Period, Buyer shall pay Supplier a bonus for such Production Period (the “Availability Bonus”), calculated pursuant to the formula set forth below: Availability Bonus = (MAA – 96% Bonus Rate Wind TurbinePROD Where: MAA = Measured Average Availability calculated for the relevant Production Period in accordance with Section 3.2. Bonus Rate = 50% of the LD Rate. Wind TurbinePROD = The sum of net metered output (in MWh) of all Wind Turbines during the relevant Production Period, as measured by Buyer’s revenue quality meter, divided by the Measured Average Availability calculated for the relevant Production Period in accordance with Section 3.2. (b) Buyer shall pay Availability Bonuses, if any, to Supplier within thirty (30) days after the date on which the calculation made pursuant to Section 3.2 is approved in accordance with Section 3.3; provided, that if there is a good faith dispute between the Parties regarding the calculation or the responsibility for the failure, Buyer shall pay the undisputed portion of the Availability Bonuses and the balance, if any, shall be paid upon resolution of such dispute pursuant to the dispute resolution provisions set forth in Article 12 of the Agreement.
Sample 1
Availability Bonus. A. Employees subject to this Agreement will be provided with an annual bonus which recognizes availability for service. An active employee in the Maintenance of Way Department who occupies a position on the seniority roster at the beginning of the year will qualify for a bonus of $700.00 at the end of the year if that employee has not laid off due to illness the entire year. For each day during the year such employee lays off due to illness the bonus will be reduced by $100.00.
Sample 1
Availability Bonus. If a Signal Technician is available for all weekly standby roster blocks referred to in Clauses 3.1.1, 3.1.2 and 3.1.4 (ie not requiring management to organise a replacement Signal Technician for the particular rostered week), the Signal Technician will be paid the applicable “Availability Bonus”. The “Availability Bonus” will still apply if the Signal Technician, as the normal rostered Signal Technician, arranges a swap with another Signal Technician.
Sample 1
Availability Bonus. 6.9.1 For the Summer of each Year, LEM shall pay to Georgia Power a lump sum bonus for achieving Availability according to the following schedule: [redacted] 6.9.2 If the Service Commencement Date is later than the Contract Service Commencement Date for any Block, then, for all Peak Hours between the Contract Service Commencement Date and the Service Commencement Date, there shall be considered to be Undelivered Energy for such Block for the purpose only of calculating Availability for the applicable Summer under this Section 6.9. 6.9.3 If Georgia Power declares an Excused Force Majeure Event for any Unit during the Summer, then, for all Peak Hours during the suspension due to the Excused Force Majeure Event, there shall be considered to be Undelivered Energy for the Block associated with such Unit for the purpose only of calculating Availability for the applicable Summer under this Section 6.9.
Sample 1
AutoNDA by SimpleDocs

Related to Availability Bonus

  • Longevity Bonus After twenty (20) years of continuous service, an employee will receive a longevity bonus of seven hundred dollars ($700) per year, payable in one lump sum by the second pay period following the employee's anniversary date.

  • EPP service availability Refers to the ability of the TLD EPP servers as a group, to respond to commands from the Registry accredited Registrars, who already have credentials to the servers. The response shall include appropriate data from the Registry System. An EPP command with “EPP command RTT” 5 times higher than the corresponding SLR will be considered as unanswered. If 51% or more of the EPP testing probes see the EPP service as unavailable during a given time, the EPP service will be considered unavailable.

  • 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.

  • Service Availability You understand that Service availability is at all times conditioned upon the corresponding operation and availability of the communication systems used in communicating your instructions and requests to the Credit Union. We will not be liable or have any responsibility of any kind for any loss or damage thereby incurred by you in the event of any failure or interruption of such communication systems or services resulting from the act or omission of any third party, or from any other cause not reasonably within the control of the Credit Union.

  • Annual Performance Bonus During the Employment Term, the Executive shall be entitled to participate in the STIP, with such opportunities as may be determined by the Chief Executive Officer in his sole discretion (“Target Bonuses”), and as may be increased (but not decreased, except for across-the-board reductions generally applicable to the Company’s senior executives) from time to time, and the Executive shall be entitled to receive full payment of any award under the STIP, determined pursuant to the STIP (a “Bonus Award”).

  • Annual Discretionary Bonus Effective as of the Effective Date, the Executive will be eligible to earn an annual performance bonus of up to 40% of the Executive’s Base Salary (the “Target Bonus”), based upon the Board’s assessment of the Executive’s performance and the Company’s attainment of targeted goals as set by the Board in its sole discretion. To the extent the Executive’s Base Salary and/or target bonus percentage of Base Salary is changed during the year to which the performance bonus relates, the Target Bonus shall be calculated based on base salary actually paid during such year (and not solely on the Executive’s Base Salary at the end of such year) and shall apply the initial target bonus percentage of Base Salary and the revised target bonus percentage of Base Salary based on the portion of the year during which each was in effect. The Board may determine to provide the bonus in the form of cash, equity award(s), or a combination of cash and equity. Following the close of each calendar year, the Board will determine whether the Executive has earned a performance bonus, and the amount of any performance bonus, based on the set criteria. No amount of the annual bonus is guaranteed, and the Executive must be an employee in good standing on the date of payment in order to be eligible for any annual bonus, except as specifically set forth below. The annual performance bonus, if earned, will be paid by no later than March 15 of the calendar year after the year to which it relates. The Executive’s bonus eligibility will be reviewed on an annual or more frequent basis by the Board and is subject to change in the discretion of the Board.

  • Cash Incentive Bonus The pro rata share of any Cash Incentive Bonus that would have been paid to the Executive had the Executive not been terminated Without Cause based on the extent to which performance standards are met on the last day of the year in which the Executive is terminated Without Cause.

  • Performance Bonus The Executive shall be eligible to receive an annual performance bonus, payable within sixty (60) days after the end of the fiscal year of the Employer, in an amount not to exceed twenty-five percent (25%) of the Executive's Base Salary for the applicable year. The amount, if any, shall be determined by the Board, or the appropriate committee thereof, and shall generally be based on a combination of organization-wide and individual performance criteria.

  • Annual Incentive Bonus The Company shall, in addition to Executive’s Base Salary, pay Executive an Annual Incentive Bonus, which shall be payable within 120 days of the end of each fiscal year in accordance with the formula set forth on Exhibit A, attached hereto and made a part hereof.

  • Incentive Bonus During the Term, Employee shall be eligible to receive an incentive bonus up to the amount, based upon the criteria, and payable in such amount, at such times as are specified in Exhibit A attached hereto. The manner of payment, and form of consideration, if any, shall be determined by the Compensation Committee of the Board, in its sole and absolute discretion, and such determination shall be binding and final. To the extent that such bonus is to be determined in light of financial performance during a specified fiscal period and this Agreement commences on a date after the start of such fiscal period, any bonus payable in respect of such fiscal period's results may be prorated. In addition, if the period of Employee's employment hereunder expires before the end of a fiscal period, and if Employee is eligible to receive a bonus at such time (such eligibility being subject to the restrictions set forth in Section 6 below), any bonus payable in respect of such fiscal period's results may be prorated.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!