Second Contract Year means the twelve (12) month period commencing on the first anniversary of the Effective Date; and the term “Third Contract Year” shall mean the twelve (12) month period commencing on the second anniversary of the Effective Date (each, a “Contract Year”).

Second Contract Year means the one-year period immediately following the First Contract Year; and the "Third Contract Year" means the one-year period immediately following the Second Contract Year. Each subsequent July 1st occurring during the period in which Employee is employed by the Company shall be deemed to commence a new contract year.

Examples of Second Contract Year in a sentence

Where any System Event commencing in one Contract Year carries over into the following Contract Year (the "Second Contract Year"), the period of time for which such System Event endures in the Second Contract Year shall be included in the calculation of the Allowed Grid Unavailability Period for all System Events commencing in and enduring in the Second Contract Year.
The Contract Price shall apply until the expiry of the Second Contract Year ("Initial Term").
Second Contract Year and thereafter, Licensee will pay UTEP first one-half of the annual Guaranteed Royalty by February 28 of each Contract Year, and the second one-half of the annual Guaranteed Royalty by August 31 of each Contract Year.
Subject to the provisions of Paragraph 13, PLAYER shall receive as Base Compensation for the Contract Term One Hundred Twenty-five Thousand Dollars ($125,000.00) in the Second Contract Year.
Commencing on the 3rd Amendment Effective Date, Customer’s new AVC will be $400,000 for the Second Contract Year and $300,000 for the Third and Fourth Contract Years in Total Service Charges, or a pro rata portion thereof for any partial contract year.

More Definitions of Second Contract Year

Second Contract Year means the twelve (12) month period commencing July 1st, 2003 and ending June 30th, 2004; etc.

Second Contract Year has the meaning set forth in the definition of Contract Year. “Senior Supervisor” has the meaning set forth in Section 3.16B.

Second Contract Year means the second 12 months of the Contract Period.

Second Contract Year means the one year period immediately following the First Contract Year. In the Second Contract Year the Employee shall be paid a base salary computed by the following formula: ($86,000 + ($86,000 multiplied by the percentage increase in the consumer price index + 5%)). For example if the consumer price index increased 5%, Employee's salary would be $94,600 computed as ($86,000 + ($86,000 x 10%)). This base salary shall be payable in installments consistent with the Company's normal payroll schedule.

Second Contract Year means July 1, 1995 through June 30, 1996 and "Third Contract Year" means July 1, 1996 through June 30, 1997.

Second Contract Year. - means the period from January __, 2004 Agreement to but not including January __, 2005.