Common use of Performance Credit Clause in Contracts

Performance Credit. a. Where percentage data recovery response is greater than 99.00%, no performance credit will be due to citizens. b. Where percentage data recovery response is equal to or less than 99.00%, Citizens shall be due a performance credit in the amount of 5% of the services fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in data recovery resolution.

Appears in 7 contracts

Samples: Vendor Master Agreement for Software as a Service, Vendor Master Agreement for Software as a Service, Vendor Master Agreement for Software as a Service

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Performance Credit. a. a) Where percentage data recovery response is greater than 99.00%, no performance credit will be due to citizens. b. b) Where percentage data recovery response is equal to or less than 99.00%, Citizens shall be due a performance credit in the amount of 5% of the services fees (as calculated on a monthly basis for the reporting month) for each full 1% reduction in data recovery resolution.

Appears in 2 contracts

Samples: Vendor Master Agreement for Software as a Service, Vendor Master Agreement for Software as a Service

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