Description of the illustration sample_terms.gif

This figure shows the Terms screen in Pricing Design Center. The Name field is set to Sample Terms, the Commitment Period field is set to 12 Months, the Early Termination of Contract field is set to Allowed with Penalty, the Penalty amount, optionally reduced over time option is selected, the Penalty amount field is set to 240, the Currency field is set to US Dollar, the Reduce penalty in equal amounts, based on time served in the contract option is selected, the No Penalty during a grace period field is set to 10 days, and the Penalty Revenue G/L ID list is set to Use revenue G/L IDs from contract deliverables. Under Auto Renew, the Yes option is selected and the renew using list is set to Same Terms.