Net Segments definition
Examples of Net Segments in a sentence
Orbitz has incorporated the Worldspan System into the Orbitz Website and will use reasonable business efforts to encourage Users to book travel by means of the Orbitz Website so as to generate Net Segments booked through the Worldspan System.
During the Term of this Agreement and for one (1) year thereafter, Orbitz agrees to keep all usual and proper records and books of account relating to Net Segments and Supplier Link Segments generated by Orbitz, the operation of the Orbitz Website, and other activities and matters pursuant this Agreement.
During the Notice Period, Amadeus will continue to pay the applicable incentives for Net Segments booked on such Affected Content.
For example: In Year 1, the Monthly Goal is (***) Net Segments (i.e., (***)).
If EBOOKERS (i) terminates the Agreement prior to the end of the Term after complete migration of the Travelbag business, or the Agreement expires and (ii) has not achieved (***) million Net Segments (“Agreement Target”) as of the date of such termination, or expiration, then EBOOKERS will repay to Amadeus a portion of the Contribution.
Reporting (monthly): Amadeus will send to EBOOKERS no later than the 25th of each month a report detailing the Net Segments produced by eligible office IDs and the incentives payable to EBOOKERS.
The amount of the Segment Incentive is as follows: 0 800,000 (***) (***) 0 1,500,000 (***) (***) 0 2,000,000 (***) (***) 0 2,400,000 (***) (***) 0 2,800,000 (***) (***) 0 3,100,000 (***) (***) 0 3,400,000 (***) (***) 0 3,800,000 (***) (***) over 3,800,000 (***) (***) During the term of the Agreement, the Segment Incentive will be paid at the above fixed GBP rate for those Net Segments made in the UK and at the EURO rate for all other Net Segments.
Amadeus commits that any such commercial terms and conditions will be at least as favorable as those provided to any other online agency customer producing the same or less annual volumes of Net Segments as produced by EBOOKERS.
Once each calendar year during the Term of the Agreement, and upon twenty (20) business days prior written notice to Orbitz, Worldspan may have an auditor inspect the records and other information collected, generated or maintained by Orbitz arising out of or in connection with this Agreement, during Orbitz' normal business hours, for the sole purpose of determining the accuracy of the calculation of Net Segments and Supplier Link Segments, and otherwise determining Orbitz' compliance with this Agreement.
The incentive payable in each quarter will be calculated by annualising the Net Segments produced in the Year to date and applying the corresponding incentive level from the table above.