Common use of Incentive Compensation Layer Clause in Contracts

Incentive Compensation Layer. The ICL and the ICL Percentages of the Risk/Reward Team members will be set forth in Exhibit G, as amended. The ICL can be modified by Change Order and may be disbursed, if earned, during the Construction Phase based on the Milestone distributions also set forth in Exhibit G and subject to the provisions set forth in Article 9. Prime Consultant and General Contractor will each be responsible for paying their own respective Risk/Reward Team members their respective portion of any distributed ICL.

Appears in 3 contracts

Samples: Integrated Project Delivery Agreement, Project Delivery Agreement, Agreement

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Incentive Compensation Layer. The ICL and the ICL Percentages of the Risk/Reward Team members Members will be set forth in Exhibit G, as amended. The ICL can be modified by Change Order and may be disbursed, if earned, during the Design/Preconstruction Phase and Construction Phase based on the Milestone distributions also set forth in Exhibit G and subject to the provisions set forth in Article 98. Prime Consultant Architect and General Contractor will each be responsible for paying their own respective Risk/Reward Team members Members their respective portion of any distributed ICL.

Appears in 2 contracts

Samples: Integrated Project Delivery Agreement, Integrated Project Delivery Agreement

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