Annual Revision Sample Clauses

Annual Revision. The IRS and the Executive Director may annually revise the MOU between the parties that provides structure for the roles.
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Annual Revision. As of the first day of each May, VTransco shall revise the allocations of the VTPs on each Limited Interface. Such revision shall be based on the percentage of total transmission revenues paid by all VTPs for the period, as described in paragraph 4.b., above, ending on the last day of the preceeding December. d.
Sample 1
Annual Revision. Second party based on quality and efficiency of services rendered in the preceding year, may on its discretion, revise!" the consolidated package by an amount not exceeding 10'Y. of preceding year's package amount for the ensuing year.
Sample 1
Annual Revision. Once per year, Cdiscount has the right to submit a tender to CCV’s competitors for the services it has contracted to CCV. Depending on the results of this tender, which must consist of a minimum of two price offers, and of which CDiscount commits to send the detailed results to CCV, a price range entitled “Market Price” will be evaluated by the Parties regarding the characteristics and conditions of the services. Taking this “Market Price” as reference, the Parties will begin negotiations at the latest by 1 February of each year, and end them as soon as possible before the 1st of March. If the Parties are able to come to an agreement on the new Contract price starting from the 1st of March of the year in progress, that price will apply starting from that date. In the contrary case, the old price will continue to apply, but each of the Parties may then end the Contract, with no damage to either party, with reasonable prior notice by registered letter with return receipt. Regarding the price revision on 1 March 2013, the Parties can agree on whether payments during the second half of 2013 will be made with one or multiple credit notes/invoices. In the measure in which the Contract price is revisable to a higher or lower price, if necessary CCV can take the initiative and request a revision of the Contract price if CDiscount has not taken the initiative of announcing a tender.
Sample 1

Related to Annual Revision

  • Annual Review The Board of Directors during the Contract Period shall review annually, or at more frequent intervals which the Board of Directors determines is appropriate, the Executive’s compensation and shall award the Executive additional compensation to reflect the Executive’s performance, the performance of the Company and competitive compensation levels, all as determined in the discretion of the Board of Directors.

  • Annually 1. SAS 70 report or other internal control reports. If a standard internal control report is not available please provide a description of what controls are in place to prevent things such as rogue trading, trades outside our guidelines or the Fund Account investment objectives, and general violation of the Sub-Adviser’s policies or code of ethics.

  • Annual Plan On or before November 1 of each calendar year during the Term, Manager shall prepare and submit to Owner for its approval a proposed annual plan for the promotion, operation, leasing, repair and maintenance of the Project for each calendar year (the "Proposed Annual Plan"). For purposes of this Agreement, a "Fiscal Year" shall mean a calendar year beginning on the first day of January and ending on the last day of December. The Annual Plan for the remaining portion of Fiscal Year 2003 is attached hereto as Exhibit "A".

  • Annual Salary Executive's compensation shall consist of an annual base salary (the "Annual Salary") of one hundred fifty thousand dollars ($150,000), before all customary payroll deductions. The Annual Salary shall be reviewed, and shall be subject to change, by the Board of Directors of Employer (or the Compensation Committee thereof) at least annually while Executive is employed hereunder.

  • Compensation Committee (A) The Compensation Committee shall be composed of not more than five (5) members who shall be selected by the Board of Directors from its own members who are not officers of the Company and who shall hold office during the pleasure of the Board.

  • Internal Review The Borrower shall conduct internal reviews to determine the value of all Eligible Portfolio Investments at least once each calendar week which shall take into account any events of which the Borrower has knowledge that adversely affect the value of any Eligible Portfolio Investment (each such value, an “Internal Value”).

  • Legal Review Upon the Executive’s submission of appropriate itemized proof and verification of reasonable and customary legal fees incurred by the Executive in obtaining legal advice associated with the review, preparation, approval, and execution of this Agreement, the Company shall pay for up to $10,000.00 of such legal fees subject to receipt of appropriate proof and verification of such legal fees no later than sixty (60) days of receipt of an invoice for legal services from the Executive and/or his attorneys. To be eligible for reimbursement, the invoice must be submitted no later than ninety (90) days after the legal fees are incurred.

  • Requests for Extension The Borrower may, by notice to the Administrative Agent (who shall promptly notify the Lenders) not earlier than 90 days and not later than 35 days prior to an anniversary of the Closing Date (each, an “Applicable Anniversary Date”), request that each Lender extend such Lender’s Maturity Date for an additional year from the Maturity Date then in effect for such Lender hereunder (such Lender’s “Existing Maturity Date”). The Borrower may request such an extension no more than two times.

  • Requests for Compensation A certificate of the Lender claiming compensation under this Article III and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Lender may use any reasonable averaging and attribution methods.

  • 1Base Salary During the Period of Employment, the Company shall pay the Executive a base salary (the “Base Salary”), which shall be paid biweekly or in such other installments as shall be consistent with the Company’s regular payroll practices in effect from time to time. The Executive’s Base Salary shall be at an annualized rate of Seven Hundred Thousand dollars ($700,000.00). The Compensation Committee of the Board (the “Compensation Committee”) will review the Executive’s rate of Base Salary on an annual basis and may, in its sole discretion, increase (but not decrease) the rate then in effect.

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