Sentence examples for a performance clause from inspiring English sources

New Jersey officials, who hold out hope that the move to Newark's gleaming arena could help keep the Nets from moving to Brooklyn in 2012, said a performance clause in the proposed deal would require that the team spend minimum amounts on player salaries and marketing as long as they remain at the Prudential Center.

Vettel is contracted to Red Bull until the end of 2014 but Red Bull adviser Helmut Marko has admitted that the German's contract has a performance clause that, if the team do not meet it, could see him leave at the end of 2013.

He subsequently announced that he enabled a performance clause allowing him to leave his current team Sauber at the end of the season.

The agreement also allows Clear Channel and the sponsors to enforce the deal contracts through a specific performance clause, a source told The Daily Deal.

In strategic deals, the target company will usually negotiate something called a specific performance clause, allowing it to require a buyer to complete the deal and pay the full amount of the acquisition.

Dow was boxed into completing that deal because its acquisition agreement had a specific performance clause, and Dow could not simply pay a reverse termination fee to exit the deal.

Indeed, it included something called a "specific performance" clause.

Did the Heat add an illegal performance clause to Brown's contract?." Meanwhile the Heat's contract was protected by a temporary injunction in Florida state court, which forbade any newer contract by Howard from abrogating his Miami contract.

He signed a two-year deal but needed to satisfy performance clauses to remain with the outfit for a second campaign.

If KBR had declined to write performance clauses into the drill subcontract, the company had also included language that prevented the crews from speaking directly with the Army Corps, let alone passing along word that some of them knew that the effort was futile.

He said: "No McLaren driver has ever had performance clauses in his contract and that's the case with Fernando".