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Financial Incentives — U.S. Program <br />Annual Volume Incentive <br />J.P. Morgan is pleased to offer a volume Gross Rebate based on annual Total Charge Volume and Settlement Terms <br />for your U.S. One Card program. The Gross Rebate is calculated by multiplying the annual Net Charge Volume by <br />the Rebate Rate (as determined according to the following chart) and is paid annually for the prior contract year's <br />annual Net Charge Volume, as illustrated in the following chart: <br />The following volume incentive is based on the annual charge volume of your spend. <br />• Should the Organization achieve the minimum annual Total Charge Volume required to earn an annual Volume <br />Incentive as stated above, J.P. Morgan will pay the Organization a rebate based on annual Large Ticket <br />Transaction Volume associated with all programs. The rebate wilt be calculated as 0.50% ( "Large Ticket <br />Rebate Rate ") multiplied by the annual Large Ticket Transaction Volume associated with all programs. <br />• The rebate applied to Charge Volume will be determined by the specific contracted settlement terms of each <br />individual program's Charge Volume. <br />• Settlement options other than 30/25 are not available for individually billed programs. <br />JPMo gall <br />55E -289 <br />