Minimum Requirement Thresholds Sample Clauses

Minimum Requirement Thresholds. The following “Performance and Expenditure Threshold” criteria shall be used to assess the level of performance of the Contractor. Furthermore, the criteria will be considered when determining future funding. In order to be considered in compliance with the performance threshold criteria, the Contractor must, on or before the required milestone date, submit to OC Community Resources a request for reimbursement which demonstrates that Contractor has expended funds and met their proposed accomplishment goals at the required levels, unless exempted in writing by the Director. May 1, 2020 35% of Contracted Amount Expended May 1, 2020 35% of Proposed Accomplishments Met August 1, 2020 50% of Contracted Amount Expended August 1, 2020 50% of Proposed Accomplishments Met December 1, 2020 70% of Contracted Amount Expended December 1, 2020 70% of Proposed Accomplishments Met April 30, 2021 80% of Contracted Amount Expended April 30, 2021 80% of Proposed Accomplishments Met *The required milestone dates are established to comply with state requirements. Failure to achieve at least the aforementioned 50% drawdown, without written exception approved by the Director, may cause any remaining balance in this Contract to be reclaimed by County, and will negatively affect future funding to Contractor. Failure to achieve the aforementioned 80% drawdown goal, without written exception approved by the Director, may cause any remaining balance in this Contract to be reclaimed by County, and will impact future funding to Contractor.

Minimum Requirement Thresholds. The following “Performance and Expenditure Threshold” criteria shall be used to assess the level of performance of the Contractor. Furthermore, the criteria will be considered when determining future funding. In order to be considered in compliance with the performance threshold criteria, the Contractor must, on or before the required milestone date, submit to OC Community Resources a request for reimbursement which demonstrates that Contractor has expended funds and met their proposed accomplishment goals at the required levels, unless exempted in writing by the Director. *Milestone Date Minimum Required Expenditure and Performance Thresholds Contract Term: December 1, 2019 through July 31, 2021 June 1, 2020 35% of Contracted Amount Expended June 1, 2020 35% of Proposed Accomplishments Met September 1, 2020 50% of Contracted Amount Expended September 1, 2020 50% of Proposed Accomplishments Met January 1, 2021 70% of Contracted Amount Expended January 1, 2021 70% of Proposed Accomplishments Met May 31, 2021 80% of Contracted Amount Expended May 31, 2021 80% of Proposed Accomplishments Met *The required milestone dates are established to comply with state requirements. Failure to achieve at least the aforementioned 50% drawdown, without written exception approved by the Director, may cause any remaining balance in this Contract to be reclaimed by County, and will negatively affect future funding to Contractor. Failure to achieve the aforementioned 80% drawdown goal, without written exception approved by the Director, may cause any remaining balance in this Contract to be reclaimed by County, and will impact future funding to Contractor.