Direct Visitor Spending Sample Clauses

Direct Visitor Spending. This category of Performance Measure is assigned a Weighted Percentage of 50%. The purpose of this Performance Measure is to determine direct visitor spending based industry standard multiplier models mutually agreed upon by Team San Xxxx and the City. The components of calculating this measure and the formula for applying the subject components to achieve a numerical result (the “Visitor Spending Matrix”) will be set forth on Schedule B-1 attached hereto, as amended from time to time during the Fiscal Year. Without limiting the generality of the foregoing, the components for calculating this measure shall include sales tax revenues arising from direct spending attributable to convention activity. Notwithstanding the foregoing, it is agreed that, for the first year of the Term, the matrix used by Destination Marketing Association International (“DMAI matrix”) will be used to calculate the Visitor Spending Matrix. T-26492.001/1086127 133\1043977.14 Calculations for Estimated Economic Impact (EEI) are derived from applying formulas to attendance figure. For the onset of the term of this agreement, TSJ will utilize two calculators to calculate EEI based on the function-type of the event being calculated. The calculator developed on behalf of the Office of Economic Development (OED) by SportsEconomics of EEI at large public festivals and sporting events and a second calculator developed by DMAI for the valuation of EEI at conventions, tradeshows and meetings. The calculator used for each event will be based on the event type as entered into the EBMS database. The following key determines the calculator used at the start of this contract: Banquet / Reception DMAI Business to Business DMAI Concerts / Dances OED Conferences DMAI Consumer / Public Tradeshows DMAI Conventions DMAI Meetings DMAI Performing Arts OED
Sample 1
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Direct Visitor Spending. This category of Performance Measure is assigned a Weighted Percentage of 50%. The purpose of this Performance Measure is to determine direct visitor spending based industry standard multiplier models mutually agreed upon by Team San Xxxx and the City. The components of calculating this measure and the formula for applying the subject components to achieve a numerical result (the “Visitor Spending Matrix”) will be set forth on Schedule A-1 attached hereto, as amended from time to time during the Fiscal Year. Without limiting the generality of the foregoing, the components for calculating this measure shall include sales tax revenues arising from direct spending attributable to convention activity. Notwithstanding the foregoing, it is agreed that, for the first year of the Term, the matrix used by Destination Marketing Association International (“DMAI matrix”) will be used to calculate the Visitor Spending Matrix. In the event that Sports Economics matrix becomes available, City and Team San Xxxx may agree to substitute this for the DMAI matrix. Future year budgets will be filed with the Clerk’s Office. FY 2011 Actual Budget 2012 Forecast FY2012 Budget 2013 TOT Revenue 2,721,065 2,984,423 2,984,423 3,133,644 General Fund 1,075,452 554,369 554,369 ‐ Funded from Reserves 221,000 135,000 Fund 536 Transfer ‐ ‐ ‐ 500,000 Added Marketing $$ from Fund 536 400,000 Operating Revenue 267,109 329,157 194,535 294,597 Total Revenue 4,063,626 4,088,949 3,868,327 4,328,241 Sales 1,500,096 1,690,804 1,735,722 1,635,994 Marketing 716,899 648,589 703,942 610,256 Public Relations 228,784 235,338 248,632 283,988 Visitor Services 37,281 29,313 54,368 55,000 Support Staff 1,579,092 1,484,316 1,125,167 1,730,312 Total Expenses 4,062,152 4,088,360 3,867,831 4,315,550 Net Income <Loss> 1,474 589 496 12,691 TEAM SAN XXXX, at TEAM SAN JOSE’S sole cost and expense, shall procure and maintain for the duration of this AGREEMENT insurance against claims for injuries to persons or damages to property which may arise from, or in connection with, the performance of the services hereunder by TEAM SAN XXXX, its agents, representatives, employees or subcontractors.
Sample 1

Related to Direct Visitor Spending

  • Procurement Planning Prior to the issuance of any invitations to bid for contracts, the proposed procurement plan for the Project shall be furnished to the Association for its review and approval, in accordance with the provisions of paragraph 1 of Appendix 1 to the Guidelines. Procurement of all goods and works shall be undertaken in accordance with such procurement plan as shall have been approved by the Association, and with the provisions of said paragraph 1.

  • Safety Program The Contractor shall design a specific safety program for the Work for the site(s). The Contractor shall establish and require all Subcontractors to establish reasonable safety programs. The Contractor shall also submit its standard monthly safety reports to the Owner and Design Professional. No imposition of responsibility on the Contractor for safety under this Contract shall relieve any subcontractor of its responsibility for safety of persons or property on or near the Project Site. The Contractor shall include in his plant he names of the person in charge of Safety.

  • Transporting Students 1. Employees shall not transport students except in accordance with School Board rules. The Board shall adopt a school board policy outlining the teacher’s and the Board’s responsibilities and liabilities. Said policy shall be included in all school handbooks beginning with the 2004-05 school year. 2. Teachers will not be required to transport pupils to and from activities which take place away from the school grounds.

  • TOOL STORAGE 1. A company shall provide on all construction jobs in towns and cities, and elsewhere where reasonably necessary and practicable (or if requested buy the employee), a suitable and secure waterproof lock-up solely for the purpose of storing employees’ tools, and on multi-storey and major projects the company shall provide, where possible, a suitable lock-up for employees’ tools within a reasonable distance of the work area of large groups of employees. 2. Where an employee is absent from work because of illness or accident and has advised the company in accordance with Clause 33 – Personal Leave of the award, the company shall ensure that the employee’s tools are securely stored during his/her absence.

  • Operational Support Systems (OSS The terms, conditions and rates for OSS are as set forth in Section 2.13 of this Attachment.

  • Training Program It is agreed that there shall be an Apprenticeship Training Program, the provisions of which are set forth in Exhibit "D", which is attached hereto and forms part of this Agreement.

  • Television Equipment Recycling Program If this Contract is for the purchase or lease of covered television equipment, then Contractor certifies that it is compliance with Subchapter Z, Chapter 361 of the Texas Health and Safety Code related to the Television Equipment Recycling Program.

  • Prescription Glasses This plan covers prescription glasses as follows: • Frames - one (1) collection frame per plan year; • Lenses - one (1) pair of glass or plastic collection lenses per plan year. This includes single vision, bifocal, trifocal, lenticular, and standard progressive lenses. This plan covers the following lens treatments: • UV treatment; • tint (fashion, gradient, and glass-grey); • standard plastic scratch coating; • standard polycarbonate; and • photocromatic/transitions plastic. This plan covers one (1) supply of contact lenses as follows: • conventional contact lenses - one (1) pair per plan year from a selection of • extended wear disposable lenses - up to a 6-month supply of monthly or two- week single vision spherical or toric disposable contact lenses per plan year; or • daily wear disposable lenses - up to a 3-month supply of daily single vision spherical disposable contact lenses per plan year. This plan also covers the evaluation, fitting, or follow-up care related to contact lenses. This plan covers additional contact lenses if your prescribing network provider submits a verification form, with the regular claim form, verifying that you have one of the following conditions: • anisometropia of 3D in meridian powers; • high ametropia exceeding -10D or +10D in meridian powers; • keratoconus when the member’s vision is not correctable to 20/25 in either or both eyes using standard spectacle lenses; and • vision improvement for members whose vision can be corrected two lines of improvement on the visual acuity chart when compared to the best corrected standard spectacle lenses.

  • Review Systems; Personnel It will maintain business process management and/or other systems necessary to ensure that it can perform each Test and, on execution of this Agreement, will load each Test into these systems. The Asset Representations Reviewer will ensure that these systems allow for each Review Receivable and the related Review Materials to be individually tracked and stored as contemplated by this Agreement. The Asset Representations Reviewer will maintain adequate staff that is properly trained to conduct Reviews as required by this Agreement.

  • Prescription Safety Glasses Prescription safety glasses will be furnished by the employer. The employer retains the authority to establish reasonable rules and procedures regarding frequency of issue, replacement of damaged glasses, limits on reimbursement costs and coordination with the employer's vision plan.

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