Common use of Performance Measurement; Monthly Scorecard Clause in Contracts

Performance Measurement; Monthly Scorecard. (a) Beginning after the first full month of the Agreement Term, on a monthly basis, no later than five (5) Business Days after each such month end, State Street will prepare and deliver to the applicable BTC Recipient two balanced scorecards (each, a “Monthly Scorecard”) for the Institutional Accounts and the BTC Funds, respectively, for review by the Executive Committee at the next scheduled quarterly meeting, each containing (at a minimum): (i) the then-current Key Performance Indicators; Master Services Agreement 7 BTC | State Street CONFIDENTIAL (ii) the performance metrics that were included in periodic reporting under the Legacy Service Agreements prior to the Effective Date;