Resolution of New Scorecard Notifications and Calibration Notices Sample Clauses

Resolution of New Scorecard Notifications and Calibration Notices. (a) Subject to this clause 14.5, the Agent may object to: (i) a New Scorecard Notification; or (ii) a Calibration Notice, if it reasonably believes that the Branch, the operation of the Branch, or any of its obligations under this Agreement are materially and adversely affected by exceptional and uniquely individual circumstances which justify the alteration or replacement of its Balanced Scorecard for the proposed Assessment Period. (b) The Agent acknowledges and agrees that it cannot (and must not) object to the Scorecard Methodology – which, by its definition, must remain consistent across all branches in the Bank Network for the Assessment Period – however it may object to the value of particular KPIs which result from the application of the Scorecard Methodology to the Branch, and: (i) make up its New Scorecard Notification; or (ii) are the subject of a Calibration Notice, if there are unique and specific circumstances which apply to the Branch and which, in the reasonable opinion of the Agent, render those KPIs unsuitable. (c) If the Agent does not deliver an Objection Notice to the Bank within the Objection Period, the Agent will be taken to have agreed the New Scorecard Notification or Calibration Notice (as applicable), which will become its Balanced Scorecard for the relevant Assessment Period or remainder of the relevant Assessment Period (as applicable). (d) If the Agent objects to: (i) a New Scorecard Notification; or (ii) a Calibration Notice, the Directors (on behalf of the Agent) must, within seven (7) Business Days of receipt of the New Scorecard Notification or Calibration Notice (as applicable), contact and discuss with the Bank’s “Regional Manager” (or equivalent position or nominee of the Bank) or delegate thereof, the details and participation of its objection (“Scorecard Discussion”) and any intention of lodging a written notice of its objection (including its detailed reasons for objecting) (“Objection Notice”). (e) Following the Scorecard Discussion, if the Agent still objects to: (i) a New Scorecard Notification; or (ii) a Calibration Notice, the Agent must provide an Objection Notice to the Bank within ten (10) Business Days of receipt of the New Scorecard Notification or Calibration Notice (as applicable) (“Objection Period”). (f) If the Agent does deliver an Objection Notice to the Bank during the Objection Period, the parties must seek to resolve their differences and agree a revised New Scorecard Notification or Calibration N...
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Related to Resolution of New Scorecard Notifications and Calibration Notices

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