INCENTIVES AND CREDITS Sample Clauses
The "Incentives and Credits" clause defines the terms under which additional benefits, such as financial incentives or credits, are provided to a party under the agreement. Typically, this clause outlines the specific actions, milestones, or performance targets that must be met to qualify for these incentives, and details the form and timing of the credits or rewards. Its core practical function is to motivate desired behaviors or performance by offering tangible rewards, thereby aligning the interests of the parties and encouraging achievement of key objectives.
INCENTIVES AND CREDITS. A. What is the Sign-up Incentive? The Sign-up Incentive is applied as a credit on your invoice so long as:
(a) you are a new customer with ATCO;
(b) you are eligible to receive such a credit (i.e. it was explicitly offered to you by ATCO on our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ at the time you entered into this Agreement);
(c) this Agreement has neither been cancelled or expired at the time any such credit is applied; and
(d) you are not in breach of this Agreement. For the avoidance of doubt, a Sign-up Incentive is one-time only and will be applied on "per customer" basis (and not on a "per plan" or "per account" basis). The Sign-up Incentive has no cash value: it simply serves to reduce some of the Energy Charges on an invoice. If any portion of the Sign-up Incentive exists upon any cancellation or expiry of this Agreement, such incentive will expire automatically at such time, and will not be paid to you in cash.
B. What is the Anniversary Credit? An Anniversary Credit will be applied to your account one (1) year following the Enrollment Date and every year thereafter, so long as:
(a) you are eligible to receive such credit (i.e. it was explicitly offered to you by ATCO on our website at ▇▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇ at the time you entered into this Agreement);
(b) this Agreement has neither been cancelled or expired at the time any such credit is applied; and
(c) you are not in breach of this Agreement. Anniversary Credits have no cash value: they simply serve to reduce some of the Energy Charges on an invoice. If any portion of an Anniversary Credit exists upon any cancellation or expiry of this Agreement, such credit will expire automatically at such time, and will not be paid to you in cash.
INCENTIVES AND CREDITS. Developer shall have all rights, title, and interest in and to all incentives and credits related to Developer's Clean Energy Facility, including their respective portion of the quarterly payments produced by Developer's Clean Energy Facility pursuant to this Agreement and Table 1 as described in Section 2.2.