Examlex
When an organization uses the performance: results criterion, rewards are distributed based on customary or contractual considerations.
Reliance
Reliance refers to the act of depending or counting on someone or something, often in the context of legal contracts where one party's actions are based on the promises or agreements made by another.
Donee Beneficiary
A party who benefits from a contract made between two other parties, without any obligations to perform or pay.
Intended Beneficiary
An individual or group for whom a contract is specifically made to benefit, granting them certain rights or benefits.
Creditor Beneficiary
A creditor beneficiary is a third party that benefits from a contract in which one party (the promisor) agrees to pay a debt owed to the beneficiary by the other party (promisee).
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