Price Incentive Clause Samples
A Price Incentive clause establishes a mechanism to reward a party, typically a contractor or supplier, for achieving certain cost savings or performance targets. In practice, this clause may provide for additional payments or bonuses if the party completes work under budget, ahead of schedule, or meets specified quality benchmarks. The core function of this clause is to motivate higher efficiency and performance by aligning the interests of both parties, ultimately encouraging cost-effective and timely project completion.
Price Incentive. If the annual average moisture content is * * * or less, rounded to the nearest one-tenth of a percentage point, Seller shall be entitled to a price incentive (on a dry ton basis) as follows: * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Any incentive balance owed to Seller at the completion of a Contract Year shall be added to the first invoice of the subsequent Contract Year. If the amount of the annual incentive exceeds the amount owed by Buyer to Seller at the end of the Term, Buyer shall pay the difference to Seller within forty-five (45) days.
Price Incentive. If the annual average moisture content is * * * or less, rounded to the nearest one-tenth of a percentage point, Seller shall be entitled to a price incentive (on a dry ton basis) as follows: * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Any incentive balance owed to Seller at the completion of a Contract Year shall be added to the first invoice of the subsequent Contract Year. If the amount of the annual incentive exceeds the amount owed by Buyer to Seller at the end of the Term, Buyer shall pay the difference to Seller within forty-five (45) days.
Price Incentive. A price incentive of [*] in the form of a quarterly rebate ("Incentive") will be paid to Customer should Customer request delivery of and be invoiced for the minimum amounts of Therapeutics and Devices set forth in Schedule C. In the event Baxter is unable to fulfill a lot delivery request of Customer, and said inability impairs Customer's ability to otherwise achieve a minimum quarterly amount of Therapeutics and Devices for any calendar quarter this Agreement is in effect, Customer shall be paid the Incentive for said calendar quarter, except in the event of a Force Majeure Event as described in Paragraph 16. Each Incentive will be paid to Customer based upon purchases of the Therapeutics and Devices made by Customer directly from Baxter or through its agent FFF Enterprises, Inc., as set forth in Section 24 below. The Incentive shall be calculated by the 15th business day of the second month following the close of the preceding quarter commencing on the Effective Date of this Agreement. Each earned Incentive shall be paid in the form of a check payable to Customer, which check shall be issued within [*] days of the end of the calendar quarter. If at the end of any calendar quarter Customer has purchased less than the Incentive amount set forth in Exhibit C for said calendar quarter as evidenced by B▇▇▇▇▇'▇ direct sales reports as well as the trace sales reports, then Customer will not be eligible for an Incentive for that calendar quarter.
Price Incentive. (a) If [***] has (i) [***] of the [***] for [***] set forth in [***] for [***], and (ii) [***] for [***] set forth in [***] for [***], then following the [***], Biosite shall [***] an [***] of the [***] by [***] for the [***]
(b) If [***] has (i) [***] of the [***] for [***] set forth in [***] for [***], and (ii) [***] for [***] set forth in [***] for [***], then following the end of [***], Biosite shall [***] an [***] of the [***] by [***] for the [***].