Five year contract Clause Samples

A five year contract clause establishes that the agreement between the parties will remain in effect for a fixed period of five years. This means that both parties are committed to fulfilling their obligations under the contract for the entire five-year term, unless otherwise specified by other clauses such as early termination or renewal provisions. By clearly defining the duration of the contractual relationship, this clause provides certainty and stability, allowing both parties to plan and allocate resources accordingly while minimizing the risk of unexpected changes or premature termination.
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Five year contract. If the performance of a member is satisfactory, a five-year Limited Contract may be awarded to members who have taught five (5) years, of which three (3) of the last five (5) years have been in the district. These members must also hold a provisional certificate/professional license.
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Five year contract upon re-employment for the fifth contract and every contract thereafter.
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Five year contract. 2% retroactive for the period from July 1, 2013 through June 30, 2014 2% for the period from July 1, 2014 through June 30, 2015; 2% for the period from July 1, 2015 through June 30, 2016; 2% for the period from July 1, 2016 through June 30, 2017; 2% for the period from July 1, 2017 through June 30, 2018; The salary for each position covered by this Agreement shall be adjusted accordingly.
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Related to Five year contract

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Service Core Allowance As of 1 March 2024 the Employer shall pay $1.75 per hour for all work carried out in the construction of service core where the Employee is physically isolated from the top deck and working in an enclosed space. This allowance will be adjusted annually in accordance with CPI (All Groups, Melbourne) movements measured in the twelve month period ending the previous December quarter effective as of 1 March 2025, rounded to the nearest 5 cents. For a period of up to five working days, when Employees working in the service core are required to walk beyond four levels and up to a maximum of six levels, they will be paid double the Service Core Allowance.

  • 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.

  • Start-Up Costs The Government of Ontario will provide:

  • Term of Contract; Contract Extension The Contract will be in effect from the Effective Date (15 December 2016) through 31 December 2018. DAS, in its sole discretion, may extend this Contract for additional terms beyond the original term, prior to Termination or expiration, one or more times for a combined total period not to exceed the complete length of the original term.