{"component": "clause", "props": {"groups": [{"size": 13, "snippet": "During the Term, Executive shall receive an annual ---------------- base salary in the amount of One Hundred Twenty Thousand Dollars ($120,000.00) payable in accordance with the normal payroll practices of the Bank. Annual salary increases shall be according to Bank policy which are based on merit and the Bank's financial performance for the previous year. Annual increases are in the sole discretion of the Bank.", "samples": [{"hash": "lmkMLAE3YGp", "uri": "/contracts/lmkMLAE3YGp#operating-period", "label": "Employment Agreement (East West Bancorp Inc)", "score": 16.0, "published": true}], "snippet_links": [{"key": "during-the-term", "type": "clause", "offset": [0, 15]}, {"key": "an-annual", "type": "clause", "offset": [41, 50]}, {"key": "base-salary", "type": "clause", "offset": [68, 79]}, {"key": "in-accordance-with", "type": "definition", "offset": [155, 173]}, {"key": "payroll-practices", "type": "clause", "offset": [185, 202]}, {"key": "annual-salary-increases", "type": "clause", "offset": [216, 239]}, {"key": "to-bank", "type": "definition", "offset": [259, 266]}, {"key": "based-on", "type": "clause", "offset": [284, 292]}, {"key": "financial-performance", "type": "definition", "offset": [314, 335]}, {"key": "previous-year", "type": "definition", "offset": [344, 357]}, {"key": "annual-increases", "type": "clause", "offset": [359, 375]}, {"key": "sole-discretion-of-the-bank", "type": "clause", "offset": [387, 414]}], "hash": "6fdda5cfaabae29841cd2664240bd0fa", "id": 1}, {"size": 4, "snippet": "1. Upon completion of the construction of the facilities provided for in the Article 9, the Company shall commence operation of the Mining Area or part thereof for which such facilities have been constructed.\n2. The Company shall conduct mining operations and any activity of the Enterprise with respect to a Mining Area, for the duration of the Operating Period of such Mining Area. The Operating Period for each Mining Area shall be deemed to commence on the first day of the calendar month following the first calendar month during which the average daily throughput is at least seventy percent (70%) of the design capacity of the facilities constructed for the purpose of Mining and Processing the deposit in such Mining Area, but not later than the date falling six (6) months after the date of completion of such facilities. The Operating Period for each Mining Area shall continue for 30 (thirty) years begining at the commencement of the first mining operation, or such longer period as the Ministry, on the written application of the Company, may approve. The commencement of the Operating Period shall not occur more than eight (8) years (or such longer period as may result from extensions granted by the Ministry for the completion of succeeding stages under this Agreement) from the commencement of the General Survey Period allowed for the whole Contract Area.\n3. The Company shall process ore to produce a marketable concentrate. The Company will work towards and assist the Government in achieving the policy of the establishment of downstream metals processing facilities in Indonesia in relation to smelting, refining and/or metals manufacturing and fabricating if according to recognised economic, technical and scientific standards the Minerals to be mined by the Company are of sufficient tonnages and are Minerals amenable to smelting, refining or metal manufacturing and provided it is economically and practically feasible to do so. If and when any of such processing facilities are constructed, the Parties agree to discuss thereafter and consider, in good faith, the feasibility of subsequent additional processing facilities which may be in the form of increases in the capacity of then existing facilities or the establishment of facilities previously not in existence.\n4. The Company shall submit to the Ministry copies of studies relating to the feasibility of establishing those facilities (as described in paragraph 3 of this Article) in Indonesia prepared by the Company in consultation with an agency acceptable to the Government.\n(i) In the event that smelting, refining or manufacturing facilities are established in Indonesia by an entity other than the Company for the further processing of gold, silver and platinum, the Company shall make its products available to that entity for further processing on conditions not less favourable than the conditions that can be obtained by the Company from other further processors for the processing of the same quantity and quality at the same time and at the same place of delivery and provided the processed product bears a \u2587\u2587\u2587\u2587 recognised in the case of gold by the London Gold Market, in the case of silver by the London Silver Market and in the case of platinum by the London Metal Exchange and such product shall be in the form of good delivery bars acceptable in international precious metal markets. This obligation of the Company is subject to any smelting, refining or manufacturing contracts entered into by the Company prior to the establishment of such facilities.\n(ii) In the event that smelting, refining or manufacturing facilities are not established by the Company but are established by any party other than the Company in Indonesia, such party shall be permitted to purchase the product at the most favourable f.o.b. price given by the Company to any other purchaser, provided that the respective contractual terms and conditions given by the Company to that other purchaser shall also apply, subject to the rights and obligations of the Company as spelled out in Article 11. At any time if the Company wishes to establish its own smelting, refining or manufacturing facilities in Indonesia it can do so subject to approval of the Government which shall not be unreasonably withheld. This obligation of the Company is subject to any smelting, refining or manufacturing contracts entered into by the Company prior to the establishment of such facilities.\n6. Project facilities shall include the mine\u2019s processing facilities, and any port facilities, aircraft landing facilities and transportation, communication, water supply and other necessarily related facilities, for which the Company is, subject to the rights of third parties, hereby granted all necessary licences and permits to construct and operate in accordance with laws and regulations and such reasonable safety regulations relating to design, construction and operation as may from time to time be in force and of general applicability in Indonesia.\n7. The Company shall submit to the Ministry the following Exploitation Reports:\n(i) a monthly statistical report beginning with the first month following the commencement of the Operating Period which shall set forth the number and location of the workings on which work was begun during the preceding month; the number of workmen employed thereon at the end of the month; a list of the equipment at each working at the end of the month and a brief description of the work in progress at the end of the month and of the work contemplated during the following month.\n(ii) a quarterly report beginning with the first quarter following the commencement of the Operating Period concerning the progress of its operations in the Contract Area. This report shall specify in full:\n(a) those workings in which ore is considered to have been found, regardless of whether the deposits are deemed to be commercial or not (together with all data relative to the estimated volumes of the reserves, the kind or kinds of such ore encountered and the analyses thereof); the number and description of workings which have been placed in commercial production and full particulars concerning the disposition of such production; the number of workmen employed on each such working as of the work in progress at the end of the quarter in question and of the work contemplated during the ensuing quarter.\n(b) the work accomplished during the quarter in question with respect to all installations and facilities directly or indirectly related to its exploitation program, together with the work contemplated for the ensuing quarter with respect to the same installations and facilities and indicating both actual and estimated investment in such installations and facilities made, committed or to be committed with respect to such installations and facilities.\n(iii) an annual report beginning with the first complete year following the commencement of the Operating Period which shall include:\n(a) the number and description of the workings which were in progress at the end of the year preceding the year in question (with a showing as to which are in commercial production); the number and description of workings abandoned during the year; the production of each of the workings, regardless of whether in commercial production or not, with a full description of the kind and quality and analyses of ore produced from each working, the number of workings on which activities are continuing at year end, but which have not gone into commercial production.\n(b) the total volume of ores, kind-by-kind, broken down between volumes mined, volumes transported from the mines and their corresponding destination, volumes stockpiled at the mines or elsewhere in Indonesia, volumes sold or committed for export (whether actually shipped from Indonesia or not), volumes actually shipped from Indonesia (with full details as to purchaser, destination and terms of sale), and if known to the Company after diligent enquiry volumes refined, processed and/or manufactured within Indonesia with full specifications as to the intermediate products, by-products, or final products, outturned within Indonesia (with full showing as to the disposition of such intermediate products, by-products or final products and of the terms on which they were disposed); and\n(c) work accomplished and work in progress at the end of the year in question with respect to all of the installations and facilities related to the exploitation program, together with a full description of all work programmed for the ensuing year with respect to such installations and facilities including a detailed report of all investment actually made or committed during the year in question and all investment committed for the ensuing year or years.\n(iv) the Company shall also furnish the Government all other information related to the Company\u2019s activities under this Agreement of whatever kind and which is, or could by the exercise of reasonable efforts by the Company have been, within the control of the Company which the Government may request in order that the Government may be fully appraised of the Company\u2019s activities. Monthly and quarterly reports shall be submitted in eightfold within thirty (30) days of the end of the month or quarter in question, as the case may be. Annual reports shall be submitted in eightfold within ninety (90) days of the end of the year in question.\n8. The Company shall have full and effective control and management of all matters relating to the operation of the Enterprise including the production and marketing of its products in accordance with sound, long term policies. The Company may make expansions, modifications, improvements and replacements of the Enterprise\u2019s facilities, and may add new facilities, as the Company shall consider necessary for the operation of the Enterprise or to provide services or to carry on activities ancillary or incidental to the Enterprise. All such expansions, modifications, improvements, replacements and additions shall be considered part of the project facilities.\n9. 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provided that the Operating Period may be extended up to a maximum period of six (6) years from the Improvements Completion Date as provided in Section 2.", "samples": [{"hash": "ffmQ2Jp2qwV", "uri": "/contracts/ffmQ2Jp2qwV#operating-period", "label": "Operating Covenant Agreement", "score": 33.9072969812, "published": true}, {"hash": "2NXJ1Ee1LyB", "uri": "/contracts/2NXJ1Ee1LyB#operating-period", "label": "Operating Covenant Agreement", "score": 29.0351895488, "published": true}], "snippet_links": [{"key": "improvements-completion-date", "type": "clause", "offset": [33, 61]}, {"key": "provided-that", "type": "clause", "offset": [141, 154]}, {"key": "period-of", "type": "definition", "offset": [208, 217]}, {"key": "in-section-2", "type": "clause", "offset": [282, 294]}], "hash": "288e31c197d2c5a84e61e4fd830b9c4e", "id": 6}, {"size": 2, "snippet": "(a) From the Commercial Operations Date up until the Transfer Date (\u201cOperating Period\u201d), the Project Company shall, at its own cost, be responsible for the commercial operation and maintenance of the Project and shall provide a high level of service to its users in accordance with this Agreement, the Standards, Best Industry Practice and any directives from the Responsible Government Authorities.\n(b) During the Operating Period the Project Company shall obtain and maintain the Authorizations required for operating the Project and implementing its obligations under this Agreement, including with particularity the Operating Permit and Environmental Compliance Certificate.\n(c) During the Operating Period the Project Company shall:\n(i) Not cause, permit or suffer any use of the Project Facility or any part thereof for any other purpose other than that authorized by the Government, in accordance with the terms of this Agreement and Lao PDR Laws.\n(ii) Not do anything at any time do, cause or permit any nuisance in or around the Concession Area or anything which shall cause unnecessary annoyance, inconvenience or disturbance to the occupiers of any surrounding property.\n(iii) Operate and maintain the Project Facility and On-Site Infrastructure and Concession Area in a clean and hygienic condition; removing and disposing of waste in accordance with Article 14; and ensuring that all food and beverage services are of high hygienic standard in accordance with the Authorizations, Lao PDR Law and any directives of the Ministry of Health.\n(iv) Provide modern public health facilities, including a sufficient number of clean and accessible toilets, in the Concession Area for use by the Project\u2019s users and employees in accordance with generally accepted health and sanitation Standards and in accordance with the Labor Law and other associated Lao PDR Laws.\n(v) Not store any goods not permitted by Lao PDR Laws, including hazardous, explosive, flammable or combustible in nature that may cause risk by fire, explosion or goods/material which on account of their weight or nature may cause damage or endanger the safety of the Project Facility and/or Concession Area and/or its inhabitants;\n(vi) Provide firefighting equipment in the Project Facility and ensure that periodic fire drills are conducted in order to guide and inculcate the procedures and operations of firefighting/safety; and\n(vii) Take such measures as Project Company considers necessary, or as directed by the Responsible Government Authorities, for the purposes of protecting the security of the Project and the safety of its users, employees and Contractors, including the imposition of reasonable restrictions on Roads and trails, installation of fencing, employment of security guards and installation of security cameras within and around the border of the Concession Area. The Ministry of Public Security is entitled to inspect the Project at any time and from time to time to ensure compliance with this Section.", "samples": [{"hash": "ksBe320uX1J", "uri": "/contracts/ksBe320uX1J#operating-period", "label": "Concession Agreement", "score": 25.0095824778, "published": true}, {"hash": "fPOpZqrAkp5", "uri": "/contracts/fPOpZqrAkp5#operating-period", "label": "Concession Agreement", "score": 25.0095824778, "published": true}], "snippet_links": [{"key": "commercial-operations-date", "type": "clause", "offset": [13, 39]}, {"key": "transfer-date", "type": "definition", "offset": [53, 66]}, {"key": "the-project-company", "type": "clause", "offset": [89, 108]}, {"key": "own-cost", "type": "clause", "offset": [123, 131]}, {"key": "responsible-for", "type": "clause", "offset": [136, 151]}, {"key": "operation-and-maintenance-of-the-project", "type": "clause", "offset": [167, 207]}, {"key": "provide-a", "type": "definition", "offset": [218, 227]}, {"key": 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"health-and-sanitation", "type": "clause", "offset": [1766, 1787]}, {"key": "labor-law", "type": "clause", "offset": [1825, 1834]}, {"key": "not-store", "type": "definition", "offset": [1874, 1883]}, {"key": "not-permitted", "type": "clause", "offset": [1894, 1907]}, {"key": "the-safety", "type": "clause", "offset": [2121, 2131]}, {"key": "firefighting-equipment", "type": "clause", "offset": [2216, 2238]}, {"key": "fire-drills", "type": "clause", "offset": [2288, 2299]}, {"key": "in-order-to", "type": "clause", "offset": [2314, 2325]}, {"key": "the-procedures", "type": "definition", "offset": [2346, 2360]}, {"key": "as-directed", "type": "definition", "offset": [2472, 2483]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [2527, 2546]}, {"key": "security-of-the", "type": "clause", "offset": [2562, 2577]}, {"key": "employees-and-contractors", "type": "clause", "offset": [2615, 2640]}, {"key": "restrictions-on", "type": "clause", "offset": [2681, 2696]}, {"key": "roads-and-trails", "type": "clause", "offset": [2697, 2713]}, {"key": "installation-of-fencing", "type": "clause", "offset": [2715, 2738]}, {"key": "employment-of", "type": "clause", "offset": [2740, 2753]}, {"key": "security-guards", "type": "definition", "offset": [2754, 2769]}, {"key": "security-cameras", "type": "definition", "offset": [2790, 2806]}, {"key": "public-security", "type": "definition", "offset": [2876, 2891]}, {"key": "from-time-to-time", "type": "clause", "offset": [2943, 2960]}, {"key": "compliance-with-this-section", "type": "clause", "offset": [2971, 2999]}], "hash": "3a42a7b495e18d74418a9eb34c8c8f36", "id": 7}, {"size": 2, "snippet": "The definition of Operating Period is hereby ----------------- deleted and replaced in its entirety with the following: the period beginning with the Commencement Date and ending upon the expiration of the Initial Term and any extension term.", "samples": [{"hash": "iN5ST1qdhaG", "uri": "/contracts/iN5ST1qdhaG#operating-period", "label": "Management Agreement With Option to Purchase (Emeritus Corp\\wa\\)", "score": 16.0, "published": true}, {"hash": "9EzccFIYfmg", "uri": "/contracts/9EzccFIYfmg#operating-period", "label": "Guaranty of Management Agreement and Shortfall Funding Agreement (Emeritus Corp\\wa\\)", "score": 16.0, "published": true}], "snippet_links": [{"key": "the-definition-of", "type": "definition", "offset": [0, 17]}, {"key": "the-commencement-date", "type": "clause", "offset": [146, 167]}, {"key": "expiration-of-the", "type": "clause", "offset": [188, 205]}, {"key": "initial-term", "type": "clause", "offset": [206, 218]}, {"key": "extension-term", "type": "definition", "offset": [227, 241]}], "hash": "dad6f6e5b9d0d8d44d780338ab46657e", "id": 8}, {"size": 2, "snippet": "Not later than ninety (90) days before the beginning of each Operating Year, Operator shall prepare and submit to Owner Operator\u2019s proposed Operating Plan for the Facility for the following Operating Year. Each Operating Plan shall be prepared so as to comply and be consistent with Operator\u2019s obligations set out in Article III. Each Operating Plan shall show, in such detail reasonably required by Owner, and on a Month-by-Month basis, all relevant information relating to the anticipated operation and on-going maintenance of the Facility by Operator, including the relevant information listed in Part 1 of Schedule 2. Together with each proposed Operating Plan submitted to Owner for an Operating Year, Operator shall prepare and submit to Owner a proposed Budget for the Facility for that Operating Year. The Budget shall show, in such detail reasonably required by Owner and on a Month-by-Month basis, an itemized estimate of Operating Expenses to be incurred in the implementation of the Operating Plan for the Facility in that Operating Year by Operator. The Budget shall include the expense categories set out in Part 2 of Schedule 2 or shall be in such other form as Owner may reasonably request.", "samples": [{"hash": "eo7miKrOZPG", "uri": "/contracts/eo7miKrOZPG#operating-period", "label": "Operation and Maintenance Agreement", "score": 31.340862423, "published": true}, {"hash": "6VTIMaFEJ3K", "uri": "/contracts/6VTIMaFEJ3K#operating-period", "label": "Operation and Maintenance Agreement (Cheniere Energy Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "beginning-of", "type": "clause", "offset": [43, 55]}, {"key": "operating-year", "type": "clause", "offset": [61, 75]}, {"key": "owner-operator", "type": "clause", "offset": [114, 128]}, {"key": "proposed-operating-plan", "type": "definition", "offset": [131, 154]}, {"key": "be-prepared", "type": "clause", "offset": [232, 243]}, {"key": "consistent-with", "type": "clause", "offset": [267, 282]}, {"key": "set-out", "type": "definition", "offset": [306, 313]}, {"key": "article-iii", "type": "clause", "offset": [317, 328]}, {"key": "by-owner", "type": "definition", "offset": [397, 405]}, {"key": "a-month", "type": "definition", "offset": [414, 421]}, {"key": "relevant-information", "type": "definition", "offset": [442, 462]}, {"key": "relating-to", "type": "definition", "offset": [463, 474]}, {"key": "maintenance-of-the-facility", "type": "clause", "offset": [514, 541]}, {"key": "by-operator", "type": "clause", "offset": [542, 553]}, {"key": "the-relevant", "type": "clause", "offset": [565, 577]}, {"key": "part-1", "type": "clause", "offset": [600, 606]}, {"key": "schedule-2", "type": "clause", "offset": [610, 620]}, {"key": "an-operating", "type": "clause", "offset": [688, 700]}, {"key": "proposed-budget", "type": "definition", "offset": [752, 767]}, {"key": "the-budget", "type": "definition", "offset": [810, 820]}, {"key": "expenses-to-be", "type": "clause", "offset": [942, 956]}, {"key": "part-2", "type": "clause", "offset": [1122, 1128]}, {"key": "reasonably-request", "type": "definition", "offset": [1187, 1205]}], "hash": "b9bfd8c9d4ef178a848962d1a0d8a556", "id": 9}, {"size": 2, "snippet": "Not later than forty-five (45) days before the beginning of each Operating Year, Operator shall prepare and submit to Owner Operator\u2019s proposed Operating Plan for the Project for the following Operating Year. Each Operating Plan shall be prepared so as to comply and be consistent with Operator\u2019s obligations set out in Article III and shall only relate to the Services provided under this Agreement. Each Operating Plan shall show, in such detail reasonably required by Owner, relevant information relating to the anticipated operation and on-going maintenance of the Facility by Operator. Together with each proposed Operating Plan submitted to Owner for an Operating Year, Operator shall prepare and submit to Owner a proposed Budget for the Project for that Operating Year, which shall only relate to the Services provided under this Agreement. The Budget shall show, in such detail reasonably required by Owner and on a Month by Month basis, an itemized estimate of the amount of each Operating Expense to be incurred in the implementation of the Operating Plan for the Project in that Operating Year by Operator.", "samples": [{"hash": "hSYZFlShYoz", "uri": "/contracts/hSYZFlShYoz#operating-period", "label": "Operation and Maintenance Agreement (Cheniere Corpus Christi Holdings, LLC)", "score": 28.0116358658, "published": true}, {"hash": "2zDwEYvYSkq", "uri": "/contracts/2zDwEYvYSkq#operating-period", "label": "Operation and Maintenance Agreement (Cheniere Corpus Christi Holdings, LLC)", "score": 28.0116358658, "published": true}], "snippet_links": [{"key": "beginning-of", "type": "clause", "offset": [47, 59]}, {"key": "operating-year", "type": "clause", "offset": [65, 79]}, {"key": "owner-operator", "type": "clause", "offset": [118, 132]}, {"key": "proposed-operating-plan", "type": "definition", "offset": [135, 158]}, {"key": "the-project", "type": "clause", "offset": [163, 174]}, {"key": "be-prepared", "type": "clause", "offset": [235, 246]}, {"key": "consistent-with", "type": "clause", "offset": [270, 285]}, {"key": "set-out", "type": "definition", "offset": [309, 316]}, {"key": "article-iii", "type": "clause", "offset": [320, 331]}, {"key": "the-services-provided", "type": "clause", "offset": [357, 378]}, {"key": "this-agreement", "type": "clause", "offset": [385, 399]}, {"key": "by-owner", "type": "definition", "offset": [468, 476]}, {"key": "relevant-information", "type": "definition", "offset": [478, 498]}, {"key": "relating-to", "type": "definition", "offset": [499, 510]}, {"key": "maintenance-of-the-facility", "type": "clause", "offset": [550, 577]}, {"key": "by-operator", "type": "clause", "offset": [578, 589]}, {"key": "an-operating", "type": "clause", "offset": [657, 669]}, {"key": "proposed-budget", "type": "definition", "offset": [721, 736]}, {"key": "the-budget", "type": "definition", "offset": [849, 859]}, {"key": "a-month", "type": "definition", "offset": [923, 930]}, {"key": "operating-expense", "type": "clause", "offset": [990, 1007]}], "hash": "dd279d2692744976e0cd32b9f31715e9", "id": 10}], "next_curs": "ClkSU2oVc35sYXdpbnNpZGVyY29udHJhY3RzcjULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhlvcGVyYXRpbmctcGVyaW9kIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"parents": [["compensation", "Compensation"], ["operating-plans-and-budgets", "Operating Plans and Budgets"], ["term", "Term"], ["miscellaneous", "Miscellaneous"], ["successors", "Successors"]], "size": 86, "title": "Operating Period", "children": [["review", "Review"], ["manager-personnel", "Manager Personnel"], ["additional-responsibilities-of-manager", "Additional Responsibilities of Manager"], ["compliance-with-capital-renewals-budget", "Compliance with Capital Renewals Budget"], ["performance-under-operating-budget", "Performance Under Operating Budget"]], "id": "operating-period", "related": [["billing-period", "Billing Period", "Billing Period"], ["contract-year", "Contract Year", "Contract Year"], ["planning-period", "Planning Period", "Planning Period"], ["interim-period", "Interim Period", "Interim Period"], ["construction-period", "Construction Period", "Construction Period"]], "related_snippets": [], "updated": "2025-07-07T12:36:22+00:00", "also_ask": [], "drafting_tip": "Specify the start and end dates to ensure clarity; define any extension mechanisms to prevent disputes; align the period with related obligations to maintain consistency.", "explanation": "The Operating Period clause defines the specific timeframe during which the main obligations and activities under an agreement are to be performed. Typically, it outlines the start and end dates of operations, and may include provisions for extensions, renewals, or early termination under certain conditions. This clause ensures all parties are clear on when their responsibilities commence and conclude, thereby providing structure and predictability to the contractual relationship."}, "json": true, "cursor": ""}}