Award Rules Sample Clauses

Award Rules. The Award Rules provide a right to payment, subject to certain conditions, following the Participant’s Termination Date if the Participant meets the Retirement Rule which, among other conditions, may require that the Participant not engage in any activities that compete with the business operations of the Travelers Group through the settlement date of the Award (such non-compete condition may extend beyond the Restricted Period). The remedies for a violation of such non-compete conditions are specified in the Award Rules and are in addition to any remedies of the Travelers Group under this Section 10.
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Award Rules. 2.1 The first purchase incentives：Starting from the second purchase, return 10% of the purchase amount until the accumulated rebates equals the first purchase amount. 2.2 Carry out cumulative annual purchase amount reward system (January 1 to December 31) as follows: A. Over 500 thousand—1 million RMB, Party B will receive year-end rebate of 1% of the total purchase amount B. Over 1 million—2 million RMB, rebate of 2% of the total purchase amount C. Over 2 million—3 million RMB, rebate of 3% D. Over 3 million—4 million RMB, rebate of 4% E. Over 4 million—5 million RMB, rebate of 5% F. Over 5 million, the excess part will get rebate of 8%. 2.3 Product promotion support to the local sales：Take 10% of the first year purchase amount as the local support(Such as advertising, products , information , meetings, etc.) 1. The sales of the commodity of Party B shall not less than RMB 1,000,000.00 within 6 months of the signing, or Party A has the right to disqualify distributor’s qualifications. (Definition of sales is based on the definition of agency purchase price. ) 2. If Party B tampers with products pricing system，or against carrying out Party A’s sales and promotion plans.
Sample 1

Related to Award Rules

  • Award Criteria 40.1 The Procuring Entity shall award the Contract to the successful tenderer whose tender has been determined to be the Lowest Evaluated Tender in accordance with procedures in Section 3: Evaluation and Qualification Criteria.

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • METHOD OF AWARD AND PROCEDURE FOR AWARDING A SOW AGREEMENT 5.1. Contractor selection, or the determination to terminate the SOW-RFP without award, shall be done in the best interest of the State.

  • The Committee For purposes of this Agreement, the term “Committee” means the Compensation Committee of the Board of Directors of the Company or any replacement committee established under, and as more fully defined in, the Plan.

  • Grant Agreement) This represents the status at the time of signature of this Consortium Agreement.

  • Vesting of Award Subject to Section 2(b) below and the other terms and conditions of this Agreement, this Award shall become vested in three equal annual installments on the first, second and third anniversaries of the date hereof. Unless otherwise provided by the Company, all dividends and other amounts receivable in connection with any adjustments to the Shares under Section 4(c) of the Plan shall be subject to the vesting schedule in this Section 2(a).

  • Terms of Award The following terms used in this Agreement shall have the meanings set forth in this paragraph 1:

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

  • Committee Rules Unless the Board of Directors otherwise provides, each committee designated by the Board of Directors may make, alter and repeal rules for the conduct of its business. In the absence of such rules each committee shall conduct its business in the same manner as the Board of Directors conducts its business pursuant to Article II of these bylaws.

  • Award Procedures 8.1. The Award Procedures may be invoked by any Framework Public Body and Call-off Contracts may be entered into at any time during the period of the Framework Agreement. 8.2. But the Award Procedures may not be invoked and Call-off Contracts may not be entered into with the Contractor if: 8.2.1. the period of the Framework Agreement has expired; 8.2.2. the Contractor’s interest in the Framework Agreement has been terminated; or 8.2.3. the Contractor’s appointment to provide Services to Framework Public Bodies has been suspended in accordance with clause 9.2 (Management Arrangements). 8.3. The Framework Public Bodies and the Contractor must comply with the Award Procedures and must establish each Call-off Contract without amendment to the Standard Terms of Supply. 8.4. The Contractor must maintain the capacity to enter into and perform Call-off Contracts throughout the period of the Framework Agreement.

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