QBR. Unless waived in writing by Parties, senior representatives of Buyer (or its Affiliate) and Seller will meet for a QBR at least once each fiscal quarter, which meeting may be by phone or in person. The parties will mutually agree, reasonably in advance, upon an agenda for each QBR, which may include ESA Customer renewals and additional expansion activities. Each QBR shall provide the parties reasonable time to discuss the agenda and ask and respond to relevant questions.
QBR. [****]. Unless otherwise mutually-agreed, the location shall alternate between Hypercom and MiTAC locations. [****]. Each Party will bear its own costs of attending the QBR. At each QBR, the Parties shall: (a) [****]; (b) [****]; and (c) discuss any other matters related to the Parties’ relationship as the Program Managers may deem appropriate. [****]. The Parties will work together to define a set of collaborative tools to facilitate the exchange of information.
QBR. In the [****] or as directed by Hypercom, the Program Managers and other responsible representatives of each party shall meet at a mutually-agreed location (or by teleconference) for a QBR. Unless otherwise mutually-agreed, the location shall alternate between Hypercom and Venture locations. At least [****], Hypercom may require the QBR to be held at its corporate headquarters in the United States. Each party will bear its own costs of attending the QBR. At each QBR, the parties shall (i) review the progress and activities of the parties under this Agreement during the previous quarter, including Venture’s performance with respect to the applicable KPIs and Venture’s performance with regard to technology, quality, responsiveness, delivery and costs (collectively “TQRDC”); (ii) discuss and resolve any issues or problems in the parties’ relationship that may have emerged during the previous quarter;; and (iii) discuss any other matters related to the parties’ relationship as the Program Managers may deem appropriate. The parties shall also set cost reduction targets for each of the [****] based on forecasted volumes and other factors affecting pricing. If, following a QBR meeting, despite good faith negotiation between the parties, Venture has failed to comply with previously agreed targets with respect to TQRDC, then Hypercom may treat such failure as a breach of this Agreement and may exercise its rights under Section 22.1.
QBR. Buyer and Supplier shall meet not less than once per calendar quarter to discuss the performance of the parties pursuant to the Agreement (“QBR”). During the QBR, the parties shall discuss, among other things, (a) on time delivery performance, (b) any penalties for delay in accordance with Section 2.5, (c) Forecasts, (d) quality metrics, (e) planned, completed and to be implemented cost improvements and inventory levels.
