Monthly Guarantee Sample Clauses
A Monthly Guarantee clause establishes a minimum payment or revenue amount that one party is assured to receive each month, regardless of actual usage or sales. Typically, this clause applies in contexts such as service agreements or licensing deals, where the provider is guaranteed a baseline income even if the client's usage falls below expectations. For example, a software vendor might require a client to pay for at least 100 user licenses per month, even if fewer are used. The core function of this clause is to provide financial predictability and security for the party receiving the guarantee, mitigating the risk of fluctuating or insufficient monthly payments.
Monthly Guarantee. Each Flight Attendant shall receive a minimum seventy-five (75:00) hour guarantee at his/her hourly rate. A Flight Attendant’s minimum guarantee shall be adjusted downward in the event of a Trip drop, trading for a Trip or assignment with a lower value, no-showing a Trip, and/or while on unpaid sick leave, leave of absence or disciplinary suspension.
Monthly Guarantee. Subject to the provisions of §5.01C, the Monthly Guarantee shall be payable by Concessionaire to the City in advance and without demand on the first day of each calendar month, beginning on the date Concessionaire Opens for Business or the Required Opening Date (the "Rent Commencement Date"), whichever date is earlier. The Monthly Guarantee for any partial month during the Term shall be prorated on a per diem basis.
Monthly Guarantee. The minimum Pilot pay hours in a contractual month pay period as set forth in this Agreement.
Monthly Guarantee. 1. A pilot who is available for duty for the full month will be guaranteed a minimum of seventy-five (75) hours of flight pay per month.
2. A pilot who is unavailable for part of a month will have his guarantee prorated (except for paid vacation or paid sick leave).
Monthly Guarantee