Cancellations Benchmark definition
Examples of Cancellations Benchmark in a sentence
So for example if prior to such exercise the Franchisee would have been entitled to receive a Cancellations Performance Sum of £100 for a particular level of performance against the Annual Cancellations Benchmark and after such exercise the Franchisee would only be entitled to receive a Cancellations Performance Sum of £50 for achieving the same level of performance, no adjustment shall be made to the Baseline Inputs to reflect this.
For example if prior to such exercise the Franchisee would have been entitled to receive a Cancellations Performance Sum of one hundred pounds (£100) for a particular level of performance against the Annual Cancellations Benchmark and after such exercise the Franchisee would only be entitled to receive a Cancellations Performance Sum of fifty pounds (£50) for achieving the same level of performance, no adjustment shall be made to the Financial Model to reflect this.
Where the Secretary of State exercises his right pursuant to this paragraph 1.11, the relevant Cancellations Benchmark Table, Annual Cancellations Benchmark Table, TOC Minute Delay Benchmark Table and/or Annual TOC Minute Delay Benchmark Table, shall be deemed to have been amended accordingly.
So for example if prior to such exercise the Franchisee would have been entitled to receive a Cancellations Performance Sum of £100 for a particular level of performance against the Annual Cancellations Benchmark and after such exercise the Franchisee would only be entitled to receive a Cancellations Performance Sum of £50 for achieving the same level of performance, no adjustment shall be made to the Revised Inputs to reflect this.
For each Reporting Period during the Franchise Period, the Secretary of State shall calculate a moving annual average of the Franchisee's performance against the Cancellations Benchmark in accordance with the following formula: A has the meaning given to it in paragraph 3 in respect of that Reporting Period; and E is the sum of the values of A in each of the twelve (12) Reporting Periods preceding that Reporting Period; 5.
Cancellations Benchmark Table (Clause 5.15)303 [Year 1] Period 12 Period 13 [Year 2] Period 1304 Period 13 [Year 3] Period 1 Period 13 [Year 4] Period 1 303 Where text has been omitted from the document this is because the Director General Rail or Secretary of State has decided to exclude the text in accordance with the provisions within the Freedom of Information ▇▇▇ ▇▇▇▇.