FY 2019 Clause Samples
The "FY 2019" clause defines the fiscal year 2019 as a specific period relevant to the agreement or document. Typically, this refers to the 12-month period beginning on October 1, 2018, and ending on September 30, 2019, for U.S. federal government contracts, though the exact dates may vary depending on the organization. By clearly specifying the fiscal year, this clause ensures that all references to timelines, budgets, or reporting requirements are unambiguous and tied to a defined timeframe, thereby preventing confusion or disputes over applicable periods.
FY 2019. For the 2018-2019 academic year, it is agreed by and between the parties that those faculty salary funds for faculty included in the Meet and Confer Unit (‘Unit”) shall be divided in the following proportions: Base Salary Total $15,502,341 Sum of Adjustments 341,3862 Merit Increment Total 5,800 Grievance Fund 0 TOTAL $15,849,527 Summer Session 2019 $ 1,233,763 2 Of this amount, $49,000 shall be used to fund promotions, $25,000 shall be used for salary adjustments, and $5,800 shall be distributed in the form of a $200 overall salary increase to each unit member who achieved an overall annual performance appraisal rating of Exceptional from the 2018 review period. In addition, $17,227 shall be distributed in the form of an overall salary increase of 0.5% to certain unit members who received a 2.5% increase in 2017 as designated by the Kansas Legislature. $173,799 will be distributed in the form of an overall salary increase of 1.5% beginning August 2018 to unit members who did not receive the 2017 Kansas Legislature 2.5% increase. In addition, $76,360 shall be distributed to all unit members as a one time, non-base payment of $332 in December 2018.
FY 2019. Within fifteen (15) days following the Company’s filing of its SEC Reports with the SEC covering each of the four (4) fiscal quarters in the year ending December 31, 2019, if the cash balance of the Company as reported in any such SEC Reports at the end of any such fiscal quarter exceeds $375,000, the Debt Holders may deliver a Repurchase Election to the Company that up to an aggregate of 800 Preferred Shares be repurchased at the Series A Liquidation Value (as such term is defined in the Certificate of Designations) (with any such Debt Holder Stock entitled to its pro rata share of such aggregate amount). Upon the receipt of any such Repurchase Election, the Company shall, to the extent it may lawfully do so, repurchase the number of Preferred Shares specified in such Repurchase Election within thirty (30) days after the Company’s receipt of any such Repurchase Election.
FY 2019. Provided that Shworan is employed as an employee in any capacity, or Shworan or his wholly-owned company is engaged as a consultant in any capacity, by QuoteMedia or the Company or any subsidiary of either of them, on January 1, 2019, for the period beginning on January 1, 2019 and ending on December 31, 2019, the Company shall issue to Shworan, on January 1, 2019, a Preferred Stock Warrant to purchase up to 15,000 shares of the Company’s Series A Preferred Stock at an exercise price equal to $1.00 per share.
FY 2019. Employees will receive a 2% General Wage increase and compression adjustments effective the first pay period in October.