Net New Business definition
Examples of Net New Business in a sentence
To the extent that a performance or payment bond is required, Service Provider may include the actual cost of any such bond in its bid to ALU and may submit an invoice, which ALU shall pay, for such bond in accordance with the applicable SOW, Net New Business Agreement, or similar agreement.
ALU and Service Provider agree to collaborate on developing competitively priced proposals for all Net New Business opportunities.
The eligibility for such at-cost services pricing does not expire and can be applied by ALU against any Net New Business Agreement.
The terms and conditions governing any decision to pursue Net New Business will be mutually agreed upon and memorialized in a written agreement (“Net New Business Agreement”).
The Company Revenue Performance Goal and the Clinical Solutions Segment Net New Business Performance Goal shall be referred to, collectively, as the “Performance Goals”.
MYEC desires to develop a partnership with Partner whereby a) MYEC integrates the Solution into Partners payment processing platform; and b) MYEC refers Prospects to Partner for share draft account opening to deposit Check21 payments generated through use of the Solution (Net New Business to Partner) thus becoming a Client; and c) Partner introduces their existing Client base, or new Clients added through other than MYEC referral, to the Solution (Net New Business to MYEC).
For Net New Business to MYEC: · Partner shall receive twenty (20) percent of MYEC’s Fees paid by those Clients using the Solution.
For Net New Business to Partner: · MYEC shall receive only their Fees and no share of Partner revenue associated with their monthly account fees, interest income or cross sell of other Partner products including but not limited to loans, cards, etc.
For Net New Business to Reseller: • Reseller shall receive no revenue share on MYEC Fees.