Reso 2021-3185 - Laserfiche WebLink

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20 7.75 40 1.5 60 0 3. INCENTIVE SHARE #3 —NATIONAL ANNUAL VOLUME INCENTIVE Each Participating State will receive an incentive based on the total National Annual Volume (total annual sales for all Participating States/Participating Entities). The formula for calculating the National Annual Sales Volume Incentive is: National Annual Volume (for all Fleet products) x basis points = National Annual Sales Volume Incentive. Conditions. The Rebate set forth herein is expressly conditioned on the following: (1) monthly billing; (2) payment in full within 45 calendar days of the billing date appearing on the Purchasing Entity's invoice; (3) credit approval. Total annual volume spend by all Participating States/Purchasing Entities for all card products in a calendar year. "National Annual Volume" includes the total amount of all purchases made using Cards at retail locations that appear on invoices provided to the Purchasing Entity in a calendar year. National Annual Volume shall not include: (i) those amounts representing credits, disputed items, fees, late fees or charges posted to their accounts (such as returned check fees, collection costs, administrative fees and reporting fees), (ii) fuel purchased at Tier 1 Truck Stop locations* (currently Flying J, Loves, TA, Petro, and Pilot), or (iii) any amounts posted to an account with respect to which a Card has been reported lost or stolen. *Purchasing Entities will be charged the posted cash price at Tier 1 truck stops. Basis Points Offered: Total Annual Spend Basis Points $50,000,000 — $100,000,000 10 $100,000,001— $200,000,000 15 $200,000,001— $300,000,000 20 $300,000,001— $400,000,000 25 $400,000,001+ 30 FEES Below is a list of fees allowed under this Master Agreement. Fee Type Fee Amount Foreign Transaction Fee 1.5% of the total transaction value Overnight Delivery Fee $15.00 per occurrence MASTER AGREEMENT No. 00819 - FLEET CARD SERVICES PAGE 34 OF 138