Common use of Excess Profit Clause in Contracts

Excess Profit. For contracted operation of a community corrections facility (CCF) for which a vendor budget has been approved with a stated profit (or excess revenue over expenditures for non-profit entities), VENDOR agrees to refund to DEPARTMENT sixty (60) days after the contract term any excess profit above the approved profit amount.

Appears in 10 contracts

Samples: Services Agreement, Services Operations Agreement, Services Operations Agreement

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