Seventy-Five Percent Expenditure Notification. 2 19.3.5.1 CONTRACTOR shall maintain a system of record 3 keeping that will allow CONTRACTOR to determine when it has incurred seventy- 4 five percent (75%) of the total contract authorizations under this Agreement. 5 Upon occurrence of this event, CONTRACTOR shall send written notification to
Seventy-Five Percent Expenditure Notification. 16 19.4.5.1 CONTRACTOR shall maintain a system of record 17 keeping that will allow CONTRACTOR to determine when it has incurred seventy- 18 five percent (75%) of the total contract authorizations under this Agreement. 19 Upon occurrence of this event, CONTRACTOR shall send written notification to 20 ADMINISTRATOR.
Seventy-Five Percent Expenditure Notification. 24 CONTRACTOR shall maintain a system of record keeping that 25 will allow CONTRACTOR to determine when it has incurred seventy-five percent 26 (75%) of the total contract authorizations under this Agreement. 27 Upon occurrence of this event, CONTRACTOR shall send 28 written notification to ADMINISTRATOR. 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Attachment A 21.4.7 Financial Penalties for Underperformance 21.4.7.1 CONTRACTOR shall be assessed financial penalties for each quarterly period of underperformance per Subparagraph 21.4.7.2, with respect to Placement Rates and Average Starting Wage. 21.4.7.2 Quarterly periods are defined as: July 1 through September 30; October 1 through December 31; January 1 through March 31; and April 1 through June 30. The financial penalties will be assessed for each quarterly period in which the average is less than the percentage specified in Table 1 below of Job Services Participants that are placed in employment; or the average starting wage is less than the amount specified in Table 2 below of those placed in employment. The amount of financial penalty assessed for any quarter of underperformance shall be calculated by taking the applicable percentage, from Tables 1 and 2, below of $2,946,678.00 (one quarter of the maximum obligation amount specified in Subparagraph 21.1). One or both penalties may be levied in a single quarter. Any penalty levied will be deducted from the next payment due by COUNTY after the penalty is calculated. Table 1 Quarterly Average of Job Services Participants That Are Placed in Employment Penalty Percentage of Quarterly Maximum Obligation Less than fifty percent (50%) Two percent (2%) Less than forty percent (40%) Four percent (4%) Less than thirty percent (30%) Eight percent (8%) Table 2 Quarterly Average Starting Wage of Job Services Participants That Are Placed in Employment Penalty Percentage of Quarterly Maximum Obligation Less than twenty percent (20%) above prevailing California minimum wage Two percent (2%) 2 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 24 25 26 27 28 Attachment A prevailing California minimum wage Less than ten percent (10%) above prevailing California minimum wage Eight percent (8%)
