Reward Payment Sample Clauses
The Reward Payment clause defines the terms under which a party is entitled to receive a specified payment as a reward for achieving certain milestones or performance targets. Typically, this clause outlines the criteria that must be met to trigger the payment, such as completing a project ahead of schedule or exceeding agreed-upon performance metrics. By clearly establishing the conditions and process for earning and disbursing the reward, this clause incentivizes desired behavior and ensures both parties understand the expectations and benefits tied to exceptional performance.
Reward Payment. CMS may make direct Coordinated Care Reward payments directly to eligible Beneficiaries and Next Generation Beneficiaries. CMS will determine the methodology for calculating which Beneficiaries and Next Generation Beneficiaries are eligible to receive the payment, the amount of the payment, and the manner in which the payment will be issued.
Reward Payment. Payment to each State and Territory based on achievement of targets based on measures of improvement as agreed through the Implementation Plan, made only after an independent assessment is provided by the COAG Reform Council that predetermined milestones or performance benchmarks have been achieved.
Reward Payment. We will, subject to Our prior written consent to the terms and offer of a reward, reimburse You for the amount in excess of the Retention and up to the lesser of:
a. $25,000 per Policy Period, including the Extended Reporting Period, if purchased; or
b. The remainder of the applicable Limits of Liability stated in Item 4. of the Declarations Page; or
c. The remainder of the $1,000,000 per Policy Period for the combined total of all payments provided for by this endorsement; for the actual payment of a reward offered with respect to a Claim or Loss which is subject to coverage afforded under Part 5.A.1. or Part 5.A.2. The reward will be offered if:
(1) Recommended in writing by You and any law enforcement official; and
(2) There is a reasonable likelihood that a reward will assist in the prosecution of the person or persons responsible for the Unauthorized Access or Potential Unauthorized Access. An offer of reward will expire one (1) year after the earlier of:
(a) The date such Claim under Part 5.A.1. is first made or such Unauthorized Access under Part 5.A.2. occurs; or
(b) The expiration or cancellation of this Policy. Provided, however, that in the event there are claimants for a reward who have provided information prior to the expiration of the reward offer period above, the reward offer will remain outstanding for those claimants until their claim for payment has been finalized. The reward will be paid for information directly leading to the arrest and conviction of a person or persons responsible for the Unauthorized Access or Potential Unauthorized Access, and upon the arrest and conviction of a person or persons responsible for the Unauthorized Access or Potential Unauthorized Access. In the event of multiple claimants for a reward, the reward monies will be shared among those providing information directly leading to assisting in the arrest and conviction of the person or persons responsible for the Unauthorized Access or Potential Unauthorized Access. The reward will not be offered to or paid to any: (i) of Your principals, partners, officers, directors, trustees, managers, members or shareholders;