Subsequent Contract Years. Subsequent Contract Years shall be ------------------------- each successive twelve month period beginning January 1 and ending December 31 during the Term of the Agreement.
Subsequent Contract Years. Subject to Section 3.2 below, for each of the first ten (10) Contract Years during the Term, the GMPR shall be Ten Million United States Dollars ($10,000,000 USD) payable pursuant to Section 3.5 below. For the remainder of the Term (i.e., after the first 10 Contract Years), there shall not be GMPRs and, subject to the terms and conditions contained herein, Company shall be entitled to the actual earned Participation Rights for such Contract Year(s) except for any GMPR Shortfall (as hereinafter defined) that may be carried from prior Contract Years pursuant to Section 3.3.
Subsequent Contract Years. Following the tenth Contract Year Seller will deliver to Buyer hereunder whatever quality of Concentrates Seller produces from its then existing mining and concentration facilities, subject to the condition that Seller will not ship to Buyer any worse quality Concentrates (with normal, reasonable variations permitted) than it ships to Seller's other significant customers (i.e. customers purchasing from Seller a quantity of 30,000 DMT's or more per year of copper concentrates) during the year in question. Upon the request of Buyer, which shall not be made more frequently than once per calendar year commencing with the year in which the eleventh Contract Year commences, Buyer and Seller shall select a mutually agreed upon independent accounting firm, whose costs shall be paid by Buyer, and Seller shall disclose to such independent accounting firm on Seller's premises on a confidential basis appropriate data and information to enable such firm to verify to Buyer whether or not Seller is in compliance with the above condition. If Seller is determined to not be in compliance with this obligation at any time, Seller shall take such measures as are necessary to correct such situation and reimburse Buyer for all of the relevant costs of the accounting firm which have been paid by Buyer. Notwithstanding anything to the contrary recited in the foregoing language of this Section 2.3(a)(2), if at any time during this period Buyer is of the good faith belief that the Concentrates delivered by Seller hereunder cannot be economically or practically treated at the then existing Facilities because of the presence of deleterious elements in harmful quantities Buyer shall so notify Seller. The above described condition may result from impurities which have a material adverse effect on the quality of copper cathodes or by-products produced by the Facilities or from other physical and/or chemical characteristics that materially adversely affect processing by the Facilities. In the event of such notification by Buyer, Buyer and Seller shall immediately consider and discuss possible solutions to such condition, and each of Buyer and Seller shall promptly take such actions as it determines to be appropriate to help alleviate the condition, and notify the other party of the actions, if any, which it is taking. If following the timely implementation of the measures which each party has decided to take to help alleviate such condition, Buyer remains of the good faith belief that the...
Subsequent Contract Years. The Annual Base Salary and Bonus Compensation for each calendar year after calendar year 2006 shall be set by the Company’s Executive Compensation Committee but shall not be less than an Annual Base Salary of $210,000.00.
Subsequent Contract Years a) For the second through to the fifth contract year, Buyer agrees to purchase a minimum quantity equal to 107.5% of the total minimum quantities in effect for the preceding Contract Year.
Subsequent Contract Years. The Fee for the second Contract Year and subsequent Contract Years during the Contract Term will be determined by: The cost of any Changes to the Specification of the Services as a result of the Annual Review Meeting as set out in Clause 12 (Performance Management) of the Agreement; and Any other additional cost or reduction in cost agreed between the Parties to reflect the funding requirements of the Mutual to provide the Services and the resources available to the Council to meet those funding requirements. Notwithstanding paragraph 1 of Part 2 of this Schedule 3, the Fee agreed between the Parties for each Contract Year will not be below an amount 5% lower than the Fee for the previous Contract Year unless otherwise agreed between the Parties in writing. In calculating the percentage reduction in the Fee the Parties will take into account any increases in the cost to the Mutual of delivering the Services. In determining the Fee for the second Contract Year and subsequent Contract Years during the Contract Term the Parties will agree in writing a Payment Schedule for the payment of the Fee for the relevant Contract Year. The Council will agree a timetable with the Mutual each year to consider the impact of their respective financial plans, the government funding available to the Council and the Services being provided by the Mutual. This may include other matters that may impact on the cost and funding of the Services in accordance with the Agreement in order to ensure that the Mutual can prepare a detailed budget for the next financial year which will enable agreement by the Parties as to the amount of the Fee for the next Contract Year by no later than 3 calendar months prior to the commencement of the next Contract Year, or by such other deadline as may be agreed by the Parties in writing.
Subsequent Contract Years. The level of overall satisfaction will be greater than or equal to 95.0% Annually $100,000 when the overall satisfaction is less than 95.0% PG-9 Participant Inquiry Response Time a.) Percent of telephone inquiries returned by a customer service representative. 99.0% within two (2) business days Quarterly $2,000 for each full percentage point below 99.0%
Subsequent Contract Years. The Guaranteed Benefit Base for the tenth contract year, and thereafter, is equal to the greater of (1) and (2), as follows:
Subsequent Contract Years. The Guaranteed Remaining Benefit Amount for all contract years thereafter is equal to:
Subsequent Contract Years. Beginning with the Contract Year following the First Contract Year and continuing each Contract Year thereafter, including any Holdover period, the MAG will equal the greater of the initial MAG or eighty-five percent (85%) of the total Privilege Fees payable in the prior Contract Year. The MAG applicable to the last Contract Year of this Contract will be pro-rated if such Contract Year is less than twelve (12) months.
