Earn Clause Samples

The "Earn" clause defines the conditions under which a party becomes entitled to receive payment or compensation, typically based on the achievement of specific milestones, delivery of goods or services, or fulfillment of contractual obligations. In practice, this clause outlines what actions or results must occur before payment is considered earned, such as completing a project phase or reaching a sales target. Its core function is to ensure that compensation is only provided when agreed-upon criteria are met, thereby aligning incentives and reducing disputes over when payments are due.
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Earn. An employee shall earn sick leave at the rate of 15 days per year or 1¼ day per month for those employees hired during the school year.
Earn. All full-time employees will accrue sick leave at the rate of 1 day per month of employment.
Earn in Subject to satisfaction of the CP, which will trigger the commencement of Altura’s four year, financial spend requirements (Earn-in Period); (a) LTUM grants Altura the sole right to earn a 60% interest (Earned Interest) in the Claims by conducting exploration and incurring expenditure relating to exploration and assessments including associated resource and feasibility studies of the Claims and expenditure incurred in clause 11 (a),(b),(d) to a value of no less than $US 2,000,000 in aggregate (Expenditure) over the 4 year period commencing on the date that the CP is satisfied (Earn-in Period) with the minimum annual expenditure as follows: · Year 1 - $US 200,000; · Year 2 - $US 400,000; · Year 3 - $US 600,000; · Year 4 - $US 800,000. Collectively the Expenditure.
Earn. An employee shall be credited vacation days on July 1st each year, provided that in the case of voluntary separation or removal for cause of an employee to whom vacation has been advanced in excess of that accumulated, the employee is required to refund the amount paid for the period of such excess.
Earn. Out Consideration; True-Up Payment (Tenant Leases). (a) Following the Earn-Out Period, (a) Seller may be entitled to receive from Purchaser, subject to the terms and conditions of EXHIBIT B, the additional consideration described in EXHIBIT B, if any (the “Earn-Out Consideration”) and (b) Purchaser may alternatively be entitled to certain payments from Seller to the extent payable pursuant to the terms and conditions of EXHIBIT B. (b) Notwithstanding anything to the contrary herein, with respect to each Tenant Lease that is entered into between the date hereof and the applicable Closing Date in compliance with the terms and conditions of this Agreement (including Section 5.2) which fails to qualify at the applicable Closing as an Included Lease because the conditions described in clause (B) of the definition of Included Lease are not satisfied as of such Closing, the parties acknowledge and agree that (i) in connection with the applicable Closing for the relevant Territory, the parties will work in good faith to mutually agree on the list of all such Tenant Leases for such Territory, and such Tenant Leases shall be listed on Schedule 1.6(b) as of such Closing with an estimate of the amount representing the Delayed Site Price set for each Tenant Lease if such Tenant Lease was an Included Lease at the applicable Closing, which shall be updated by the parties when Purchase Price is finally determined and (ii) if all of the conditions described in the definition of Included Lease with respect to any such Tenant Lease as set forth in Schedule 1.6(b) for the relevant Territory are satisfied within 6 months of the Closing and remain continuously satisfied thereafter until the date twelve (12) months after the applicable Closing, then as promptly as practicable following the twelve (12) month anniversary of the Closing, Purchaser will make a “true- up” payment for the benefit of Seller for each such Tenant Lease that satisfies clause (ii) above equal to the Delayed Site Price, representing the additional benefit of such Tenant Lease being
Earn. In Rights are those rights by which Working Interest may be conveyed by payment, performance or satisfaction of conditions under Sections 2 or 5.
Earn. Out Event/s Earn-Out Event 1a, Earn-Out Event 1b, Earn-Out Event 2 and Earn-Out Event 3
Earn. In Period shall be that period of time commencing from the date of this agreement until such time as all Earn-In Rights have been completed or terminated.
Earn. By using the MetaMorpho Protocol, Users – acting as liquidity providers – may earn from borrowing interest without having to actively manage the risk of their position. A selection of MetaMorpho Vaults are displayed on the Morpho Blue Front-End. A User can view information for each of those MetaMorpho Vaults, including without this list being exhaustive: - which Morpho Blue Markets the MetaMorpho Vault allocates liquidity to and what are the Supply Caps defined for each market; - the Vault’s projected APY, based on the current situation; - the Performance Fee of the Vault as described in Section c. The information displayed is subject to change and adjustment in accordance with the development of the Services. It is the User's responsibility to review this information before making any decisions, and the Association is in no circumstances responsible for the User's decisions. A User can choose a MetaMorpho Vault to supply their liquidity to, according to their risk profile. The Vaults are non-custodial and the User may at all times remove their liquidity. Users are responsible for carrying out their own due diligence before choosing a Vault, and for monitoring any changes made to the Vault over time, particularly those subject to a Timelock. The Timelock gives time to Users of a MetaMorpho Vault to review and react to proposed changes and manage their risk.
Earn