Incentive Provisions. Do the Incentive Provisions apply? (clause 46) Yes
Incentive Provisions. 1. Revenue Determination: The pre-tax revenues under this Rider shall be determined by reducing otherwise applicable charges, associated with the SGS, MGS, LGS, LPS, SGA, MGA, or LGA rate schedules, by 30% during the first contract year, 25% during the second contract year, 20% during the third contract year, 15% during the fourth contract year and 10% during the fifth contract year. After the fifth contract year, this incentive provision shall cease. All other billing, operational and related provisions of the aforementioned rate schedules shall remain in effect. The reductions under this Rider shall not apply to service rendered to the Customer during the three (3) months beginning with the first regular meter reading occurring on or after June 1 of each year. Bills for separately metered service to existing Customers, pursuant to the provisions of this Rider, will be calculated independently of any other service rendered to the Customer at the same or other locations.
Incentive Provisions. 46.1 The provisions contained in this Route Agreement in relation to Performance Payments and the Contract Extension Criteria (and as specified in clause 46.3), shall for the purposes of this clause 46 be collectively referred to as the “Incentive Provisions”.
Incentive Provisions. Any offering of direct or indirect interests in the Company to key employees and consultants of the Company shall be pursuant to such plans and arrangements as may be approved by the Members by a Supermajority Approval; provided that any such offerings shall not alter the relative Membership percentages then held by Ford and TeleTech.
