Savings Plan
Catalog row in Vendor License Programs · Cited
- Kind
- Buying Program (prepaid pool of funds)
- Term
- Commitment Term set in the Order; does not auto-renew
- Definition
- Usage Plan: monthly Per Unit usage is multiplied by the corresponding rates and deducted from the prepaid Commitment Fee; usage beyond unconsumed amounts is invoiced monthly.
- Commercial rules
- Unconsumed balance rolls over for up to 12 months (Rollover Period) if the customer buys a new annual commitment of at least 80% of the average annual Commitment Fee in an immediately succeeding Order; otherwise it lapses at the end of the Commitment Term. On full depletion or end of the Rollover Period the program converts to PAYG at the higher of List Price or Order rates. Commitment Fee and Credits do not auto-renew.
- Applies to
- Pro and Enterprise commitment contracts.