Common use of PRICES AND DISCOUNTS Clause in Contracts

PRICES AND DISCOUNTS. All parts purchased under the MIS Agreement will be invoiced at prices established by GM. Such prices (f.o.b. shipping point) shall be shown in the applicable MIS Account’s billing schedule and other supplements thereto furnished by GM. All shipments will be billed according to MIS Accounts billing schedule in effect on the date of receipt of an order by GM less my applicable discount and/or allowance allowed by GM, plus any transportation charge, if applicable. GM has the right at any time to change the prices, charges, discounts, allowances and terms of sale affecting any part. Discounts are evaluated on an annual basis dependent upon MIS Account previous year accumulative part purchases under the GM MIS Agreement. Discounts will apply February 1 of current year to January 31 (following year). New MIS Accounts without prior year purchase history will receive a discount of [****] unless initial order supports a higher discount. Example: Previous Years Sales = Under $50,000 = Discount of [****] Previous Years Sales = $50,000 - $99,999 = Discount of [****] Previous Years Sales = $100,000 - $149,999 = Discount of [****] Previous Years Sales = $150,000 and up = Discount of [****] * Some parts will be restricted to a cap of [****] discount (e.g. GM Performance Parts. etc.).