Fifth year Sample Clauses

The "Fifth Year" clause defines terms, rights, or obligations that become relevant or change in the fifth year of an agreement or contract. Typically, this clause might specify adjustments to payment schedules, renewal options, or performance benchmarks that take effect after four years have elapsed. For example, it could trigger a rent increase, allow for renegotiation, or introduce new responsibilities for one or both parties. The core function of this clause is to set clear expectations for what happens at a specific milestone in a long-term arrangement, thereby reducing uncertainty and helping both parties plan for the future.
Fifth year. Geological and geophysical studies. · Reinterpretation of seismic lines based on new data obtained in the research drill done during the previous year. Sixth year: · Realization of research drill, with an estimated investment of US$ 15,000,000.00 (fifteen million United States dollars).
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Fifth year. Up to an additional twenty percent (20%) of the total Option Shares may be exercised at any time after five (5) years following _______________. If an installment covers a fractional share, such installment shall be rounded off to the next highest share, except for the final installment, which will be for the balance of the total Option Shares.
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Fifth year. When another endorsement to the certificate is not desired, but the Staff member wishes to improve his/her teaching at the current instructional level, a letter indicating that the Staff member has been admitted to the fifth year program from the institution is a substitute for that planned program.
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Fifth year. By giving Landlord written notice thereof not ---------- less than six (6) months prior to the fifth (5th) anniversary of the Rent Commencement Date, Tenant may elect to purchase the Premises on the fifth (5th) anniversary of the Rent Commencement Date for the sum of $23,250,000.00.
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Fifth year. FY2008/09 (A) submission by the Recipient of an annual performance assessment report, satisfactory to the Association, prepared by PMO-RALG on the utilization of CDGs and CBGs financed during the third year of Project Implementation; (B) submission by the Recipient of an independent evaluation, in form and substance satisfactory to the Association, on the annual Participating LGAs assessment undertaken to date, including an evaluation on the assessment process on the Participating LGAs in the preceding FYs. Such assessment shall test the adequacy of the annual performance assessments, in accordance with terms of reference satisfactory to the Association, to be prepared and submitted by PMO-RALG; (C) submission by the Recipient of an independent evaluation, satisfactory to the Association, carried out by PMO-RALG on procurements undertaken to date by Participating LGAs, including an evaluation on the procurement process used by the Participating LGAs in the preceding FYs; (D) submission of a schedule setting forth the amounts of CDGs released to Participating LGAs during the preceding FY, and the amounts to be released to Participating LGAs in the next FY; (E) certification that no reallocations, deviations in usage, suspension or partial suspension of funds has occurred with respect to funds previously released as compared against the indicative planning figures of Participating LGAs; (F) submission of signed Participation Agreements between the Recipient and any additional Participating LGAs and of any amendments to existing Participation Agreements; (G) cash flow forecasts for FY 2007/08 for CDGs and CBGs for Participating LGAs; and (H) submission by Participating LGAs of a progress report on the implementation of the audit strategy referred to in paragraph 5 (e) (i) (B) of the Original Financing Agreement.
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Fifth year. Two Thousand Two Hundred Ninety Five Dollars and Four Cents ($2,295.04). In addition to the foregoing, the Consultant shall ▇▇▇▇ the City for worked performed by the Consultant’s Parks Seasonal Manager who shall work a total of 36 to 40 hours per week for 20 consecutive weeks beginning in the month of May and ending the last week following Labor Day and the daily schedule shall be as follows: 4 to 5 hours each weekday in addition to 8 hours each weekend day.
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Fifth year. A teacher who holds a Bachelor's degree and has completed a prescribed fifth year course of advanced study as planned and approved by the teacher's college or university authorities. This category is intended primarily for elementary, intermediate and lower middle school teachers. A teacher who has completed this program will be placed on the BA + 30S/45Q level of training.
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Fifth year. The Base Rent for the Premises during the fifth (5th) year of the Original Term shall be $102,233 per month.
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Fifth year. Effective March 19,2000 all employees whose hourly rate of pay is greater than the 7501 HOUR RATE in their classification shall receive a wage increase of forty (40) cents per hour.
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Related to Fifth year

  • Month A period commencing at 10:00 a.m., Eastern Standard Time, on the first Day of a calendar month and extending until 10:00 a.m., Eastern Standard Time, on the first Day of the next succeeding calendar month. Monthly shall have the correlative meaning.

  • Minimum Revenue Borrower and its Subsidiaries shall have Revenue from sales, marketing or distribution of the Product and related services (for each respective measured period, the “Minimum Required Revenue”): (a) during the twenty-four month period beginning on January 1, 2015, of at least $45,000,000; (b) during the twenty-four month period beginning on January 1, 2016, of at least $80,000,000; (c) during the twenty-four month period beginning on January 1, 2017, of at least $110,000,000; and (d) during the twenty-four month period beginning on January 1, 2018, of at least $120,000,000; and (e) during the twenty-four month period beginning on January 1, 2019, of at least $120,000,000.

  • year The employee shall provide medical substantiation to support her request for pregnancy leave. The request must include the beginning and ending dates of the leave and must be requested no later than thirty (30) calendar days after the birth of the child. Any changes to the leave, once approved, are permissive and subject to the approval of the department head or designee.

  • Work Year The full-time work year for all employees employed in EA and ECE job classes shall be a minimum of 194 work days to correspond with the school year calendar.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.