OFB Conversion Bonus Sample Clauses

OFB Conversion Bonus. In connection with End-to-End Business, from the Agreement Date and through ***, Travelport will pay Orbitz for Business (OFB) a one-time amount of *** per Segment (“Conversion Bonus”) for each Segment made by a Converted Corporate Account during the 12-month Reconciliation Period described below. A “Converted Corporate Account” is an OFB End-to-End Business customer that (a) previously used a non-Travelport GDS for corporate bookings, and converts to using a Travelport System and, (b) signs a Travelport Corporate Incentive Agreement (or its equivalent) for a term of at least *** years. Within *** after the full execution of the Corporate Incentive Agreement, Travelport will pay OFB a preliminary Conversion Bonus calculated as follows: *** x (number of segments booked by the Converted Corporate Account in the *** prior to the Corporate Incentive Agreement per a booking report of the prior GDS (“Estimated Converted Bookings”)). Within *** following the implementation completion date of each Converted Corporate Account Travelport will perform a true-up to reconcile the Converted Corporate Account’s actual converted Segments (“Actual Converted Bookings”) made during the *** preceding the true-up (the “Reconciliation Period”) against the Estimated Converted Bookings. If the Actual Converted Bookings are greater than the Estimated Converted Bookings, then the difference will be multiplied by *** and such amount will be paid by Travelport to OFB. If the Actual Converted Bookings are less than the Estimated Converted Bookings, then the difference will be multiplied by *** and such amount will be paid by OFB to Travelport. For the avoidance of doubt, new corporate business that OFB places on the Travelport System that was previously unmanaged or that was not booked using a non-Travelport GDS is not eligible for the Conversion Bonus set forth in this Section.