Rebates and Incentives definition

Rebates and Incentives means any and all third party payments (including cash rebates or other incentives); agency volume bonifications or “AVBs” (an agency's receipt of a volume discount or compensation from media buys); discounted or unpaid media space or inventory; volume, early payment or other discounts; commissions; compensation, refunds or bonuses; bonus inventory, free or discounted media, sponsorship or promotional space; Barter inventory; Services Provided at a Premium; consulting or research agreements, service level agreements or any other source of financial or other benefit receivable directly or indirectly by Agency or Holding Company Members from third parties, including Media Owner Group Members or Vendors, which are either directly or indirectly related to: 1.76.1 Advertiser’s Media Placements; and/or 1.76.2 the aggregate traded volume across all or multiple advertisers of Agency or Holding Company Members with the relevant third party, including Media Owner Group Members and Vendors, regardless as to whether these amounts are calculated as a function of media volume or given as a fixed amount. Without limiting the foregoing, anything in the nature of Rebates or Incentives received by Agency or a Holding Company Member on account of creative or production work performed on Advertiser’s behalf shall be included within the definition of “Rebates and Incentives” as used herein.

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Rebates and Incentives means any and all third party payments (including cash rebates or other incentives) received by Agency or Holding Company Members that are directly related to or tied to Client’s media spending in the United States including agency volume bonifications or 'AVBs' (an agency's receipt of a volume discount or compensation based on the aggregate of its media buys); discounted or unpaid media space or inventory; volume, early payment or other discounts; commissions; compensation, refunds or bonuses; bonus inventory, free or discounted media, sponsorship or promotional space; Barter inventory; Services Provided at a Premium (herein defined); or any other source of financial or other benefit received by Agency or Holding Company Members…"

Rebates and Incentives means, without limitation, any and all third party payments, incentives or other benefits (including but not limited to, cash rebates or other incentives, agency volume bonifications or AVBs;, receipt of a volume discount or compensation from media buys; discounted or unpaid media space or inventory; volume, early payment or other discounts; commissions; compensation, refunds or bonuses; bonus inventory, free or discounted media, sponsorship or promotional space; Value Pots; Services Provided at a Premium; consulting or research agreements, service level agreements or any other source of financial or other benefit) receivable directly or indirectly by Agency or an Agency Affiliate from third parties, including Media Owner Group Members and Vendors, which are either directly or indirectly related to: 1.82.1 Advertiser’s Media Placements; and/or 1.82.2 the aggregate traded volume across all or multiple advertisers of Agency or an Agency Affiliate with the relevant third party, including Media Owner Group Members and Vendors, regardless as to whether these amounts or benefits are calculated as a function of actual or anticipated media volume or given as a fixed amount and regardless of whether these amounts are given in advance or for achievement of particular spending thresholds. Without limiting the foregoing, anything in the nature of Rebates and Incentives received by Agency or an Agency Affiliate on account of creative or production work performed on Advertiser’s behalf shall be included within the definition of “Rebates and Incentives” as used herein. For purposes of calculating Advertiser’s Rebates and Incentives, such term shall mean the pro- rated share of the total Rebates and Incentives in a given Year, the numerator of which is Advertiser’s total spending placed via Agency or an Agency Affiliate with each third party, including Media Owner Group Members and Vendors, and the denominator of which is the total aggregate spending by Agency or an Agency Affiliate with such third party, including Media Owner Group Members and Vendors. Where a Rebate and Incentive is free or discounted inventory, Rebates and Incentives shall mean the pro-rated share of such inventory at a day part/quality mix consistent with the average mix with the same Media Owner, or if the Advertiser consents, the revenue generated by the Agency Affiliate from the sale of such inventory to a third party.

Examples of Rebates and Incentives in a sentence

The Parties agree that any funds received by any Party for workforce development and or job training and or philanthropic support and or other support for pre-development work is specifically excluded from the definition of Rebates and Incentives.
Project was funded through multiple sources including ARRA Grant funds, Texas Distributed Renewable Grant, Rebates and Incentives and traditional financing.
Agency and Holding Company Members will at no time receive (without disclosure to Client) or retain any Rebates and Incentives or other benefits of any value from third parties, including Media Owner Group Members or Vendors, as a direct or indirect result of Client's spending under this Agreement.
Such information will indicate, in the event Agency or a Holding Company Member aggregates Advertiser’s spending with other Agency or Holding Company Member Advertisers, the portion of such Rebates and Incentives allocated to Advertiser and the basis upon which such allocation is made to ensure that any such allocation is compliant with the formula provided in Section 1.8.
Such information will indicate, in the event Agency or an Agency Affiliate aggregates Advertiser’s spending with other Agency or Agency Affiliate advertisers, the portion of such Rebates and Incentives allocated to Advertiser and the basis upon which such allocation is made to ensure that any such allocation is compliant with the formula provided in Section Error! Reference source not found.2.
Client’s spending for Media Placements may not contribute to Rebates and Incentives from Media Owner Group Members or Vendors without authorization from an Authorized Client Approver and Client receiving Client Rebates and Incentives.
Where Rebates and Incentives are to be paid back to Advertiser, Agency will pay such sums to Advertiser within thirty (30) days of receipt of the same by Agency or Holding Company Member.
Agency must provide to Client in writing the amount of all of the Rebates and Incentives received by Agency or Holding Company Member from third parties, including Media Owner Group Members and Vendors, in respect of Client, whether such Rebates and Incentives are reflected in the amount invoiced by the Media Owner or subsequently provided (even after the expiration of the Term) directly or indirectly to any Holding Company Member.
Where Rebates and Incentives are to be paid back to Client, Agency will pay such sums to Client within thirty (30) days of receipt of the same by Agency or Holding Company Member.
Such information will indicate, in the event Agency or a Holding Company Member aggregates Advertiser’s spending with other Agency or Holding Company Member Advertisers, the portion of such Rebates and Incentives allocated to Advertiser and the basis upon which such allocation is made to ensure that any such allocation is compliant with the formula provided in Section 1.7.

More Definitions of Rebates and Incentives

Rebates and Incentives means any and all third party payments (including cash rebates, non- cash rebates or other incentives); agency volume bonifications or “AVBs” (an agency's receipt of a volume discount or compensation from media buys); discounted or unpaid media space or inventory; volume, early payment or other discounts; commissions; compensation, refunds or bonuses; bonus inventory, free or discounted media, sponsorship or promotional space; Barter inventory; Services Provided at a Premium; consulting or research agreements, service level agreements or any other source of financial or other benefit receivable directly or indirectly by Agency or Holding Company Members from third parties, including Media Owner Group Members or Vendors, which are either directly or indirectly related to: 1.72.1 Advertiser’s Media Placements; and/or 1.72.2 the aggregate traded volume across all or multiple advertisers of Agency or Holding Company Members with the relevant third party, including Media Owner Group Members and Vendors, regardless as to whether these amounts are calculated as a function of media volume or given as a fixed amount. 1.72.3 without limiting the foregoing, anything in the nature of Rebates or Incentives received by Agency or a Holding Company Member on account of creative or production work performed on Advertiser’s behalf shall be included within the definition of “Rebates and Incentives” as used herein.