First Quarter Clause Samples
The "First Quarter" clause defines the initial three-month period of a contract or fiscal year. It typically specifies the exact start and end dates for this timeframe, which may be used to determine reporting deadlines, payment schedules, or performance benchmarks. By clearly establishing what constitutes the first quarter, this clause ensures all parties have a shared understanding of timeframes for obligations and deliverables, thereby reducing confusion and potential disputes.
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First Quarter. Licensee shall pay to PalmSource the maintenance and support fees and the development support services fees as specified in Section 5.2(b) (Ongoing Obligation) and Exhibit D (Licensee Products, Royalties and Fees) for the First Quarter. Such fees shall be due and payable within forty five (45) days after the end of the First Quarter.
First Quarter. Licensee shall pay to PalmSource Royalties for the period commencing on December 3, 2001, and ending on February 28, 2002 (the “First Quarter”). The Royalties shall be calculated as set forth in Section 5.1(b) (Ongoing Obligation) and Exhibit D (Licensee Products, Royalties and Fees). Such Royalties shall be paid as set forth in Section 6.1 (Payment) within forty five (45) days after the end of the First Quarter. In addition, Licensee shall make a one time capital contribution equal to the royalty amount that would have been due on revenues for the period commencing on September 2, 2001, and ending on December 2, 2001, had this Agreement been effective during such period. The parties hereby agree and acknowledge that such capital contribution calculated as set forth in Section 5.1(b) (Ongoing Obligation) and Exhibit D (Licensee Products, Royalties and Fees) equals $11,118,000 and shall be payable within the First Quarter. The parties acknowledge that Licensee’s obligation to pay the capital contribution described in the previous sentence has been satisfied.
First Quarter. 11.6.1.1 A probationer is appointed to a tenure-track position.
11.6.1.2 The probationer’s PRC is formed at the start of the first quarter of tenure- track employment.
11.6.1.3 The appropriate vice presidents and AHE President will provide training on the Tenure Process for probationers by the Friday of fall In-Service each year. Attendance at this training is mandatory for all probationers, probationers’ supervising administrators, all new and ongoing PRC members, and all TROC members.
11.6.1.4 The PRC and probationer prepare a PDP according to the Tenure Timeline in Appendix F or 30 days from the first day of employment if the probationer’s employment start date is not during fall quarter.
First Quarter. For the first quarter of each Agreement Year, the payment shall be equal to one quarter (1/4) of the applicable annual Minimum Royalties or the amount of actual Royalties calculated from Net Sales, whichever is greater;
First Quarter. Between January first and March thirty first of every year this agreement is in force, a volume of [*] boxes, or [*] percent of the basic annual volume.
First Quarter. The calculations under this Section 5.2 for the first calendar quarter in the term of this Agreement shall be made only for the Months of November and December 2009 (and will exclude October 2009).
First Quarter. $ 0.75 $ 0.36 Second Quarter .................................. 0.45 0.20 Third Quarter ................................... 0.32 0.12 Fourth Quarter .................................. 0.32 0.12 ---------- Source: Company's Annual Report on Form 10-K filed with the Commission on October 2, 2001, other than fiscal year 2002 data; fiscal year 2002 data from Bloomberg.
First Quarter. For the purposes of accounting for royalties under Clause 5.4 of the OEM CD Smart Card Agreement, the first calendar quarter occurring after signature of this Agreement shall start on 1 April 2000.