Daily Rate of Orbital Performance Incentives Sample Clauses

Daily Rate of Orbital Performance Incentives. Subject to Articles 13.1.2 and 13.5, Contractor shall earn Orbital Performance Incentives over the Orbital Performance Incentive Period at a daily rate calculated by dividing the total amount of Orbital Performance Incentives by [***] (the “Daily Rate”) for each day that there is no Transponder Failure. [***]. Use or disclosure of the data contained on this sheet is subject to the restriction on the title page.
Sample 1Sample 2
AutoNDA by SimpleDocs
Daily Rate of Orbital Performance Incentives. For Satellites accepted by Purchaser pursuant to Section 10.2 hereof, Contractor shall earn Orbital Performance Incentives at a daily rate of [*****] and [*****] per transponder for each day that a transponder operates in accordance with Performance Specification up to a maximum of [*****] days. For Satellites accepted by Purchaser pursuant to Section 10.3 hereof, Contractor shall accrue and be entitled to earn Orbital Performance Incentives at a daily rate of [*****] per transponder for each day that a transponder operates in accordance with performance Specification, but in no event shall contractor be entitled to earn more than the total of the advance payment made pursuant to Section 13.3 hereof. Any amounts of the Orbital Performance Incentive paid in advance and subsequently not earned by Contractor shall be returned to Purchaser as a Warranty Payback in accordance with Article 14 hereof.
Sample 1
Daily Rate of Orbital Performance Incentives. Contractor shall be entitled to earn Orbital Performance Incentives in the cumulative amount of [***] percent ([***]%) of the Firm Fixed Price (after all Firm Fixed Price adjustments made to this Contract) over the Orbital Performance Incentive Period at a daily rate calculated by dividing the total amount of Orbital Performance Incentives by 5,479 (as of EDC, the daily rate is $[***]/ 5,479 = $[***]) for each day that there is no Transponder Failure (the “Daily Rate”). For each day (or any portion thereof) during the Orbital Performance Incentive Period that there are one or more Transponder Failures, the Daily Rate shall be adjusted in accordance with the following formula: ADR = D x (T/N) Where: ADR = Adjusted Daily Rate; D = Daily Rate; N = Number of Transponders (which shall be two times the number of the U.S. Beams and Additional Beams set forth in Exhibit B, Satellite Performance Specification); and T = number of Transponders that have not experienced a Transponder Failure ***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 SS/L-TP20701 ViaSat Contract Use or disclosure of the data and information contained on this sheet is subject to the restriction on the title page. during the day. For the purposes of determining “T”, the term “Transponder” and “Transponder Failure” shall not include transponders allocated to the Loral Space Payload. For example, assuming N=126, for each Transponder Failure that occurs in any day during the Orbital Performance Incentive Period, the Daily Rate for that day is reduced by U.S. $[***](U.S. $[***]).
Sample 1

Related to Daily Rate of Orbital Performance Incentives

  • Annual Performance Bonus In the discretion of the Company's Compensation Committee, the Executive shall be eligible to receive an annual performance bonus payable in cash for each full or partial fiscal year of the Company during the Employment Period in accordance with the Company's performance-based bonus program for Executive Officers.

  • Performance Measure The number of Performance Shares earned at the end of the three-year Performance Period will vary depending on the degree to which cumulative adjusted earnings per share performance goals for the Performance Period, as established by the Committee, are met.

  • Historical Performance Information To the extent agreed upon by the parties, the Sub-Advisor will provide the Trust with historical performance information on similarly managed investment companies or for other accounts to be included in the Prospectus or for any other uses permitted by applicable law.

  • KEY PERFORMANCE INDICATORS (a) The Custodian and the Funds may from time to time agree to document the manner in which they expect to deliver and receive the services contemplated by this Agreement. The parties agree that any such key performance indicators (hereinafter referred to as “KPIs” or, individually as a “KPI”) shall be agreed upon in writing by the parties and shall be reflected in one or more schedules to this Agreement. The Custodian and the Funds acknowledge that any failure to perform in accordance with KPIs shall not in and of itself be considered a breach of contract that gives rise to contractual or other remedies provided that such failure may be a breach giving rise to contractual or other remedies if it is persistent and not remedied after consultation. Nothing in this Section 11 shall modify any party’s applicable standard of care under this Agreement; nor shall any meeting or discussion among the parties regarding KPIs be construed to prevent a party from pursuing any remedy otherwise available to it pursuant to this Agreement.

  • Performance Period For purposes of this Agreement, the term “Performance Period” shall be the period commencing on January 29, 2018 and ending on January 29, 2021.

  • Payout In order to receive any award under this Agreement, Recipient must be employed by the Company on December 31, (the “Vesting Date”), except as provided by Sections 3.2, 3.3, 3.4, 3.5 and 4.

  • Performance Standard Consultant represents and warrants that Services will be performed in a thorough and professional manner, consistent with high professional and industry standards by individuals with the requisite training, background, experience, technical knowledge and skills to perform Services.

  • Long-Term Incentive Awards The Executive shall participate in any long-term incentive awards offered to senior executives of the Company, as determined by the Compensation Committee.

  • Performance Measures The extent, if any, to which you shall have the right to payment of the Award shall depend upon your satisfying one of the continuous employment conditions set forth in Section 3 and the extent to which the applicable performance measure has been satisfied as of the Final Measurement Date, as specified below: The Award shall have the following performance measures during the Measurement Period:

  • Performance Targets Threshold, target and maximum performance levels for each performance measure of the performance period are contained in Appendix B.

Time is Money Join Law Insider Premium to draft better contracts faster.