Cost Incentive Sample Clauses

Cost Incentive. 5.6.1 For purposes of this Contract, (a) the "COST INCENTIVE CAP" for a DC Project shall equal the sum of the Approved Cost of the Work plus the Base Contingency specified in the Notice to Proceed executed by Webvan for such DC Project as such amount may be adjusted pursuant to Change Orders executed by Webvan for such DC Project in accordance with Section 2.5.4 (the parties specifically intending that any Excess Contingency be excluded from such calculation), and (b) the "COST SAVINGS" for a DC Project shall equal the amount, if any, by which the Cost Incentive Cap for such DC Project exceeds the actual aggregate Cost of the Work for such DC Project through its Final Completion. If at the time of Final Completion of a DC Project there exists no Event of Default (defined in Section 6.3) by Bechtel under the Contract Documents, nor has any event or condition been identified which (with the giving of notice or the passage of time or both) could constitute such an Event of Default, then Webvan shall pay Bechtel, concurrently with the Final Payment for such DC Project, a portion of the Cost Savings, if any, regarding such DC Project equal to the sum of the following (the "COST INCENTIVE AMOUNT"): First, for that portion of the Cost Savings up to One Hundred Thousand Dollars ($100,000), Webvan shall pay Bechtel ten percent (10%) of such Cost Savings; second, for that portion of Cost Savings greater than One Hundred Thousand Dollars ($100,000) and up to and including Five Hundred Thousand Dollars ($500,000), Webvan shall pay Bechtel fifteen percent (15%) of such Cost Savings; third, for that portion of Cost Savings greater than Five Hundred Thousand Dollars ($500,000) and up to and including One Million Dollars ($1,000,000), Webvan shall pay Bechtel twenty-five percent (25%) of such Cost Savings; and, fourth, for that portion of Cost Savings exceeding One Million Dollars ($1,000,000), Webvan shall pay Bechtel forty percent (40%) of such Cost Savings. Notwithstanding anything in this Section 5.6 to the contrary, however, the aggregate amount payable to Bechtel under this
Sample 1
AutoNDA by SimpleDocs
Cost Incentive. (1) The target fee payable under CLIN 0001 is % of the target cost of $ , an amount equal to $ . (2) The maximum fee payable under CLIN 0001 is 15 % of the target cost, an amount equal to $ . (3) The minimum fee payable under CLIN 0001 is 0_ % of the target cost, an amount equal to $ .
Sample 1
Cost Incentive. 5.6.1 For purposes of this Contract, [*] Notwithstanding anything in this Section 5.6 to the contrary, however, the aggregate amount payable to Bechtel under this *Certain information on this page has been omitted and filed separately with the Commission. Confidential treatment has been requested with respect to the omitted portions.
Sample 1
Cost Incentive a. For any T&M Task Order designated as containing a “Cost Incentive,” Attachment 5 (Incentive Plan) of the Task Order will establish the following factors:
Sample 1

Related to Cost Incentive

  • 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.

  • Performance Incentive 4.10.1 If the Seller delivers Coal to the Purchaser in excess of ninety percent (90%) of the ACQ in a particular Year, the Purchaser shall pay the Seller an incentive (“Performance Incentive”/ “PI”), to be determined as follows: PI = P x Additional Deliveries x Multiplier Where: PI = The Performance Incentive payable by the Purchaser to the Seller P = The Base Price of Highest Grade, as shown in Schedule II Additional Deliveries = Quantity [in tonnes] of Coal delivered by the Seller in the relevant Year in excess of 90% of the ACQ. Multiplier shall be 0.15 for Additional Deliveries between 90%-95% of ACQ and 0.30 for Additional Deliveries in excess of 95% of ACQ. 4.10.2 With respect to part of a Year in which the term of this Agreement begins or ends, the relevant quantities in Clause 4.10.1, except the Multiplier, shall apply pro-rata. 4.10.3 Within thirty (30) days of expiry of a Year, the Seller shall submit an invoice to the Purchaser with respect to the PI payable in terms of Clause 4.10.1 and the Purchaser shall pay the amount so due within thirty (30) days of the receipt of the invoice. In the event of non-payment of PI by the due date, the Seller shall have the right to suspend Coal supplies without absolving the Purchaser of its obligations under this Agreement.

  • Performance Improvement Plan timely and accurate completion of key actions due within the reporting period 100 percent The Supplier will design and develop an improvement plan and agree milestones and deliverables with the Authority 3.2 The Authority may from time to time make changes to the KPIs measured as set out in paragraph 3.1 above and shall issue a replacement version to the Supplier. The Authority shall give notice In Writing of any such change to the KPIs measured and shall specify the date from which the replacement KPIs must be used for future reports. Such date shall be at least thirty (30) calendar days following the date of the notice to the Supplier.

  • Management Incentive Plan “Management Incentive Plan” shall mean the Company’s bonus program, as implemented by the Company’s board of directors from time to time and pursuant to which the Executive may receive incentive-based compensation at fiscal year end.

  • Annual Incentive The Employee shall be entitled to receive a percentage of the Employee's Target Incentive for the calendar year in which such termination occurs. Such percentage shall equal a fraction, the numerator of which shall be the number of days in such calendar year up to and including the date of such termination and the denominator of which shall be the number of days in such calendar year. Such amount shall be payable according to the normal practice of the Company with respect to the payment of bonuses.

  • Long-Term Incentive Compensation Subject to the Executive’s continued employment hereunder, the Executive shall be eligible to participate in any equity incentive plan for executives of the Firm as may be in effect from time to time, in accordance with the terms of any such plan.

  • Performance Incentives As a bonus, to supplement Assistant Coach’s compensation, as set out herein, the University agrees to pay the following sums upon attainment of each specified goal, provided the Program is in compliance with all Governing Athletics Rules and University Rules, and there are no pending or active NCAA or __________ Conference investigations or major violations of which Assistant Coach knew or should have known. Assistant Coach must also complete the _________ [insert sport] season as an Assistant [Men’s/Women’s] [delete if sport is football] __________ Coach to receive any performance incentives for that season. Payment will be made to Assistant Coach within 60 days after goal is accomplished. (a) $_________ in any contract year in which the team wins the __________ Conference championship. (b) $_________ in any contract year in which the team participates in post-season NCAA competition. (c) $_________ for each game that the team wins in NCAA post-season competition. (d) $_________ in any contract year in which the team wins the NCAA championship.]

  • Performance and Salary Review Company will periodically review Executive’s performance on no less than an annual basis. Adjustments to salary or other compensation, if any, will be made by Company in its sole and absolute discretion.

  • Annual Incentive Plan Executive shall be entitled to participate fully in the Company's 1996 Management Incentive Compensation Plan, as amended (the "MICP"), and as may be further amended, modified, or replaced, from time to time, in accordance with the terms and conditions set forth herein and therein.

  • 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.

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