Performance Penalty definition

Performance Penalty. 4: FBMC will incur a penalty of one hundred dollars ($ 100.00) for failure to meet this guarantee. FUNCTIONAL TEAM ASSIGNED: Client Services/Account Coordinator
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Performance Penalty shall have the meaning as set forth in Exhibit E.
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Performance Penalty means an assessment, as determined appropriate by the Court, of 10% of the Fund Administrator’s fees billed, net of charges and out-of-pocket expenses, should the Final Payee List for all Eligible Claimants not be provided to the staff of the Commission within 270 days of the Approval Date of this Distribution Plan.
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Examples of Performance Penalty in a sentence

  • An Owner’s Availability Notice shall become effective when issued, provided, however, that if Owner becomes subject to a Non- Performance Penalty under Section 8.5, any Owner’s Availability Notice given during the Penalty Period shall not become effective until 72 hours after the Owner’s Availability Notice is given.

  • Upon approval of this invoice by MPWMD, Consultant shall be paid from the sum found due after having applied the provisions of Section II, Paragraph (D) of this Agreement, "Late Performance Penalty," where applicable, and MPWMD shall have no further obligation to Consultant, monetarily or otherwise.

  • Upon approval of this invoice by MPWMD, Consultant shall be paid from the sum found due after having applied the provisions of Section III, Paragraph (D) of this Agreement, "Late Performance Penalty," where applicable, and MPWMD shall have no further obligation to Consultant, monetarily or otherwise.

  • If Licensee fails to furnish LAWA with the Monthly Reports as required per Section 16.1.1, Licensee shall pay LAWA a late fee of Three Hundred Dollars ($300) per day plus the Performance Penalty pursuant to Section 14, herein.

  • The Client Performance Penalty shall equal an annual rate of 18%, unless otherwise limited by applicable law, multiplied by the Fee, prorated for time.

  • Such Client Performance Penalty shall be added to the Fee (plus any other penalties assessed, if applicable) then outstanding at that time.

  • Upon approval of this invoice by MPWMD, Contractor shall be paid from the sum found due after having applied the provisions of Section II, Paragraph (D) of this Agreement, "Late Performance Penalty," where applicable, and MPWMD shall have no further obligation to Contractor, monetarily or otherwise.

  • Measurement Period January 1, 2023-December 31, 2023 Group 1: Customer Service Performance Standards 24% of Total Performance Penalty at Risk Contractor shall submit all Group 1 data on a monthly basis by the 10th of the following month for the previous month’s data.

  • The Performance Penalty credit shall be reflected in Provider’s invoice for the first month following the quarter for which the Performance Penalty is being assessed.

  • Payment of the Performance Bonus or the Performance Penalty, as the case may be, shall be made annually no later than forty-five (45) Days after the end of the applicable COD Year.


More Definitions of Performance Penalty

Performance Penalty means a monetary amount that may be assessed by the Co-Administrators or MCA based on the terms of the Agreement. Contractor shall pay all performance penalties to the MCA Board within thirty (30) days of the assessment. The Daviess County Fiscal Court shall hold such penalties in a separate account, and disburse such funds as recommended by the MCA. MCA, with final approval from the Co-Administrators, shall use the revenue from performance penalty fees to benefit EMS in Owensboro- Daviess County as determined by the MCA Board as a whole, to include the offset of subsidy funds shared by the County and City as per the Interlocal Agreement.
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Performance Penalty means the claim by the City consequent to a No Compliance Event;
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Related to Performance Penalty

  • Qualifying Performance Criteria means any one or more of the following performance criteria, either individually, alternatively or in any combination, applied to either the Company as a whole or to a business unit, Parent, Subsidiary or business segment, either individually, alternatively or in any combination, and measured either annually or cumulatively over a period of years, on an absolute basis or relative to a pre-established target, to previous years’ results or to a designated comparison group, and on a pre-tax or after-tax basis, in each case as specified by the Committee in the Award: (i) cash flow (including operating cash flow or free cash flow); (ii) earnings (including gross margin, earnings before interest and taxes, earnings before taxes, and net earnings); (iii) earnings per share; (iv) growth in earnings or earnings per share; (v) stock price; (vi) return on equity or average stockholders’ equity; (vii) total stockholder return; (viii) return on capital; (ix) return on assets or net assets; (x) return on investment; (xi) revenue; (xii) income or net income; (xiii) operating income or net operating income; (xiv) operating profit or net operating profit; (xv) operating margin; (xvi) return on operating revenue; (xvii) market share; (xviii) contract awards or backlog; (xix) overhead or other expense reduction; (xx) growth in stockholder value relative to the moving average of the S&P 500 Index or a peer group index; (xxi) credit rating; (xxii) strategic plan development and implementation (including individual performance objectives that relate to achievement of the Company’s or any business unit’s strategic plan); (xxiii) improvement in workforce diversity; (xxiv) expenses; (xxv) economic value added; (xxvi) product quality; (xxvii) number of customers; (xxviii) objective customer indicators; (xxix) customer satisfaction; (xxx) new product invention or innovation; (xxxi) profit after taxes; (xxxii) pre-tax profit; (xxxiii) working capital; (xxxiv) sales; (xxxv) advancement of the Company’s product pipeline; (xxxvi) consummation of strategic transactions; (xxxvii) reduction in cash utilization; and (xxxviii) addition of technologies and products. The Committee may appropriately adjust any evaluation of performance under a Qualifying Performance Criteria to exclude any of the following events that occurs during a performance period: (A) asset write-downs; (B) litigation or claim judgments or settlements; (C) the effect of changes in tax law, accounting principles or other such laws or provisions affecting reported results; (D) accruals for reorganization and restructuring programs; and (E) any gains or losses classified as extraordinary or as discontinued operations in the Company’s financial statements.

  • Performance Measure means one or more of the following selected by the Committee to measure Company, Affiliate, and/or business unit performance for a Performance Period, whether in absolute or relative terms (including, without limitation, terms relative to a peer group or index): basic, diluted, or adjusted earnings per share; sales or revenue; earnings before interest, taxes, and other adjustments (in total or on a per share basis); basic or adjusted net income; returns on equity, assets, capital, revenue or similar measure; economic value added; working capital; total shareholder return; and product development, product market share, research, licensing, litigation, human resources, information services, mergers, acquisitions, sales of assets of Affiliates or business units. Each such measure shall be, to the extent applicable, determined in accordance with generally accepted accounting principles as consistently applied by the Company (or such other standard applied by the Committee) and, if so determined by the Committee, and in the case of a Performance Compensation Award, to the extent permitted under Code Section 162(m), adjusted to omit the effects of extraordinary items, gain or loss on the disposal of a business segment, unusual or infrequently occurring events and transactions and cumulative effects of changes in accounting principles. Performance Measures may vary from Performance Period to Performance Period and from Participant to Participant, and may be established on a stand-alone basis, in tandem or in the alternative.

  • Performance Award means any right granted under Section 6(d) of the Plan.

  • Performance Cash Award means an award of cash granted pursuant to the terms and conditions of Section 6(c)(ii).

  • Performance Goal means a performance goal established by the Committee pursuant to Section 10.3.