Performance Agreements

  1. The Performance Agreement is a written document created after KEDC has approved the incentive package.
  2. The Performance Agreement should clearly state:
    1. the parties to the Agreement;
    2. KEDC’s responsibilities;
    3. the Prospects responsibilities;
    4. the terms and conditions under which KEDC can access the prospect’s records;
    5. default definitions; and
    6. penalties for failure to remedy a default.
  3. The Performance Agreement is executed by the president of KEDC.
  4. The executed document is mailed to the prospect for execution by their officer.