Performance Rebate definition

Performance Rebate has the meaning set forth in the Program Terms Letter.
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Examples of Performance Rebate in a sentence

  • In the event that a Monthly Performance ------------------ Failure occurs during any Performance Month, Customer shall be entitled to receive a rebate off the License Fee for such Performance Month (the "Monthly Performance Rebate"); provided, however, that in no event shall the Monthly Performance Rebate exceed the amount of the License Fee for such Performance Month.

  • If after receiving Customer's notice of claim for -------- a Monthly Performance Rebate, ASC shall dispute any specified operational failure of the BRASS Transmission Service, and/or the Monthly Performance Rebate, ASC shall promptly give notice of such dispute to Customer, and, thereafter, ASC and Customer shall work in good faith towards a mutually acceptable resolution of such dispute.

  • Failure of Metavante to meet a specific SLA Performance Standard % for two (2) consecutive months [or for any four (4) months] within the same calendar year will result, upon written request by the bank made within 30 days of the last rebatable SLA failure, in a refund credit of services in the form of a SLA Performance Rebate.

  • The Quota Performance Rebate will be a percentage amount calculated on Reseller's total net purchase order value of all hardware and software Products for the prior [***] period, and will be paid as a credit [***] after the Performance Period [***] on outstanding invoices if conditions defined for rebate criteria are met.

  • It is a condition precedent to Customer's ---------------- entitlement to receive any Monthly Performance Rebate pursuant to this Section 10 that Customer maintain at Customer's Premises during the Term and any renewal term hereof adequate terminal server capability.

  • At the end of each [***] period [***], Reseller may be eligible for a Quota Performance Rebate.

  • For each subsequent term of 12 months, the Parties shall negotiate in good faith a new Annual Purchase Target that must be achieved for MWI to obtain a Performance Rebate incentive for each respective 12 month period.

  • The Monthly Performance Rebate will be awarded solely in accordance with the foregoing provisions of this Section 10(f).

  • Reseller agrees to refund any overpaid Quota Performance Rebate as a result of order cancellations.

  • The Monthly Performance Rebate for such Performance Month shall be calculated by multiplying the License Fee for such Performance Month by a percentage equal to five (5) times difference between the Target Performance Rate and the Actual Performance Rate.

Related to Performance Rebate

  • Performance Review means a summative evaluation of a teacher other than a beginning teacher and used to determine whether the teacher’s practice meets school district expectations and the Iowa teaching standards, and to determine whether the teacher’s practice meets school district expectations for career advancement in accordance with Iowa Code section 284.7.

  • Performance Contract means the annual agreement negotiated and entered into by a community

  • Performance evaluation means evaluation of work and program participation as well as other areas of behavior.

  • Performance Bonus means the performance bonus in respect of each Class payable to the General Partner by the Partnership which will be equal to 20% of the product of: (a) the number of Units of that Class outstanding on the Performance Bonus Date; and (b) the amount by which the Net Asset Value per Unit of that Class on the Performance Bonus Date (prior to giving effect to the Performance Bonus) plus the aggregate value of all distributions per Unit of that Class during the Performance Bonus Term exceeds $25.00.

  • Performance Report has the meaning set out in clause 8.2;

  • Annual performance report means a written appraisal of the teaching staff member's performance prepared by the teaching staff member’s designated supervisor based on the evaluation rubric for his or her position.

  • Performance Level means a reference to one of Performance Level I, Performance Level II, Performance Level III, Performance Level IV or Performance Level V.

  • Performance Indicator means a measure of HSP performance for which a Performance Target is set; technical specifications of specific Performance Indicators can be found in the MSAA Indicator Technical Specifications document;

  • Performance Standard means the acceptable range of performance for a Performance Indicator or a Service Volume that results when a Performance Corridor is applied to a Performance Target.

  • Performance Data means a rating, ranking, quotation, discussion or analysis regarding an aspect of the investment performance of an investment fund, an asset allocation service, a security, an index or a benchmark;

  • Performance Milestone means an act or event specified in section 5.1 and described in section 9 of the EPLA.

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

  • Performance Date means December 31, 2025. If the Locality, in consultation with VEDP, deems that good faith and reasonable efforts have been made and are being made by the Company to achieve the Targets, on or before the Performance Date the Locality may request an extension of the Performance Date by up to 15 months. Any extension of the Performance Date shall require the prior approval of the Company and the Board of Directors of VEDP (the “Board”). If the Performance Date is extended, the Locality shall send written notice of the extension to the Authority, the Company and VEDP and the date to which the Performance Date has been extended shall be the “Performance Date” for the purposes of this Agreement.

  • Performance Standards or “PS” shall mean the cleanup levels and other measures of achievement of the remedial action objectives, as set forth in the ROD.

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Performance Compensation Award means any Award designated by the Committee as a Performance Compensation Award pursuant to Section 11 of the Plan.

  • Performance Target means the level of performance expected of the HSP in respect of a Performance Indicator or a Service Volume; “person or entity” includes any individual and any corporation, partnership, firm, joint venture or other single or collective form of organization under which business may be conducted;

  • Performance Year means the calendar year prior to the year in which an Annual Award is made by the Committee.

  • Performance Formula means, for a Performance Period, the one or more objective formulae applied against the relevant Performance Goal to determine, with regard to the Performance Compensation Award of a particular Participant, whether all, some portion but less than all, or none of the Performance Compensation Award has been earned for the Performance Period.

  • Performance Test means all operational checks and tests required to determine the performance parameters including inter-alia capacity, efficiency and operating characteristics of the Stores as specified in the Contract.

  • Performance References has the meaning set forth for such term in the definition of Derivative Instrument.

  • Performance Metrics means criteria established by the Administrator relating to any of the following, as it may apply to an individual, one or more business units, divisions, or Affiliates, or on a company-wide basis, and in absolute terms, relative to a base period, or relative to the performance of one or more comparable companies, peer groups, or an index covering multiple companies:

  • Performance Agreement means an agreement between an HSP and its CEO that requires the CEO to perform in a manner that enables the HSP to achieve the terms of this Agreement and any additional performance improvement targets set out in the HSP’s annual quality improvement plan under the Excellent Care for All Act, 2010;

  • 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.