Earning Sample Clauses

Earning. Providing Participant has participated with Olympia pursuant to the terms of the Farmin Agreement and has fulfilled its obligations with respect to Clause 5 hereof, then Participant shall have earned the following interest in the Farmout Lands: In the Test Well Spacing Unit: Before Payout of Drill & Completion Costs 25% After Payout of Drill & Completion Costs 5% In the balance of the Farmout Lands: 15%
Earning. Sick leave shall be earned at the rate of one and one-quarter (1.25) days for each paid month. Further sick leave with pay within any yearly period shall be left to the discretion of the Employer.
Earning. 6.1. As a result of the successful completion of the OCS-G 1633 #A-6 and OCS-G 1633 #A-10/A-10 S/T as Earning Wells and upon the successful completion of the other Farmout Wells or Optional Wells, EPL shall be assigned of 75% of Chevron's and Kewanee's operating rights and working interest in the 1/4 1/4 1/4 square of Farmout Lease acreage in each respective completion in said Earning Well is located (the "Earned Acreage"), together with the right to recover the Payout Amount from production generated by all Earning Wells. Each such assignment shall include rights from the surface to the base of the deepest producing interval, plus one hundred feet (100'), in the Earned Acreage for each Earning Well. Said assignment shall be effective, as to each Earning Well, as of the date of initial AFE Operations by EPL on said well, or date of initial production from said well, whichever occurs first. EPL shall recoup the Payout Amount from all Earning Wells (rather than recouping the Payout Amount on a well-by-well basis). As such, EPL shall receive the Net Proceeds Amount from its working interest share of production from all Earning Wells, until such time as EPL has fully recouped the Payout Amount associated with all AFE Operations and AFE Equipment paid for by EPL hereunder. During the time EPL is recouping the Payout Amount, Chevron and Kewanee shall retain 25% of their working interest in the Earning Wells and the Earned Acreage, and shall also be responsible for all of EPL's costs (other than Chargeable Expenses) associated with EPL's operating rights and working interest in the Earning Wells, including operating expenses.
Earning. Upon completion of conversion of the Water Disposal Well, and subject to Eternal receiving payment pursuant to Section 5.2 above:
Earning. All full-time teachers shall earn 15 sick leave days each year of service while employed by the School District. Annual sick leave shall accrue monthly as it is earned on a proportionate basis to the teacher's work year.
Earning. A full time IAA principal and administrative dean shall be credited with twelve (12) days of (PTO) per Agreement year. The credit shall be made at the beginning of each school year. If an IAA principal or administrative dean leaves the District and has used more PTO days than he/she earned, the District shall reduce his/her final paycheck for any unearned PTO days on a pro- rata basis.
Earning. (a) Where the Farmors have elected to drill the Option Well pursuant to Section 4.1(a), upon the drilling of the Option Well to Contract Depth and Completion, Capping or Abandonment of the Test Well, and subject to Eternal receiving payment pursuant to Section 4.4 (a) above:
Earning. If the Test Well is completed as a well capable of producing oil and/or gas in paying quantities, Assignee shall own and be entitled to working interest in and to the Oil and Gas Leases set out in Exhibit “A”. Said working interest of leases shall be delivered to Assignee at no less than net revenue interest in the Test Well. Assignor makes no representation or warranty of net revenue interest except for the foregoing warranty of net revenue interest in the Test Well.
Earning. Upon the drilling of the Initial Well to its objective depth pursuant to Clause 2 above, the Farmee will be deemed to have earned a Working Interest in said Initial Well, and in the AMI as described in Clause 4 below.