Common use of Points Calculation Clause in Contracts

Points Calculation. The Respondent’s grand total calculated points are determined by the following: (1) Weighted Points X Discount % = Term Points per Product Category (2) Initial Term + Renewal Term Points per Product Category = Calculated Points (3) Sum of Calculated Points per Product Category = Respondent’s Total Calculated Points per Product Group (Name Brand Products and/or Generic Products) (4) Total Calculated Points for Name Brand Products + Total Calculated Points for Generic Products = Respondent’s Grand Total Calculated Points

Appears in 4 contracts

Samples: State Term Contract, State Term Contract for Office Supplies, State Term Contract for Office Supplies

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