Work Commitment. Before the expiration of four (4) years from the Effective Date, NECA shall expend not less than One Million Dollars ($1,000,000) in Mineral Exploration and Development Testing ("Work"). The Work shall be scheduled to expend not less than One Hundred Fifty Thousand Dollars ($150,000) during the first year, Two Hundred Thousand Dollars ($200,000) during the second year, Three Hundred Fifty Thousand Dollars ($350,000) during the third year, Five Hundred Thousand Dollars ($500,000) during the fourth year, nothing during the fifth year, and Production during the sixth year. The nature, place and conduct of such Work shall be at the sole discretion of NECA and the amount of the expenditures shall be determined by the direct cost to NECA of Work performed. GeoXplor shall undertake to perform such Work as directed by NECA under Work plans provided to GeoXplor on a periodic or as needed basis. NECA’s performance of Work shall otherwise conform to the Work plan and shall conform to industry standards. Any expenditure in excess of the amount required for any annual period shall be applicable against expenditures required for the succeeding year or years.
Work Commitment. All employees who target a credential title after July 1, 1994, and receive tuition toward a credential title must fulfill a work commitment of two (2) years in State service from the completion of the most recent course taken as part of a degree program. Any such employees who voluntarily leave State employment prior to fulfilling this commitment, will be responsible at the time of State separation to reimburse the State for tuition and fees paid toward the credential title. For employees who targeted a credential title prior to July 1, 1994, and are currently working toward that title, the Upward Mobility Program may, upon appeal within each fiscal year and contingent upon available funding, pay full-time tuition and approved fees if the employees agree in writing to work two (2) years for the State of Illinois following the completion of their degrees or the most recent course taken as part of their degree programs. Any such employees who voluntarily leave State employment prior to fulfilling this commitment, will be responsible at the time of State separation for repaying the program any amounts paid above normal program benefits. The amount of reimbursement will be prorated on a monthly basis relative to the extent the work commitment is fulfilled. An annual interest rate of 7% will be charged to the amount owed to the State of Illinois beginning 30 days after notification of repayment. The State of Illinois can withhold funds, including, but not limited to, retirement distribution and tax refunds, if payment is not made and will refer seriously past due accounts to a private collection agency. The Upward Mobility Advisory Committee will determine if payback is required for employees who separate for such reasons as health, layoff, discharge and resignation no reinstatement rights.
Work Commitment. Lessee shall expend for exploration and development work on the Property the following sums: Lease Year Minimum Work Commitment Amount First Lease Year $10,000.00 Second Lease Year $20,000.00 Third Lease Year $30,000.00 Fourth Lease Year $40,000.00 Fifth and each subsequent Lease Year until commercial production of Geothermal Resources on the Property $50,000.00 Qualified work commitment expenditures include all costs and expenses incurred by Lessee directly for the exploration for or the development of geothermal resources on the Property, including exploration drilling, development drilling, maintenance drilling and construction of production, processing and related facilities. All qualified work commitment expenditures incurred by Lessee in excess of the work commitment expenditures to be performed or incurred during any Lease Year shall be credited in Lessee's favour against Lessee's work commitment expenditure obligations for any subsequent Lease Year. If during any Lease Year Lessee has not fulfilled the work commitment expenditure obligation, Lessee shall have the right to pay to Landowner cash in lieu of the work shortfall to keep the lease in good standing, that is a cash sum equal to the difference between the work commitment expenditure obligation and Lessee's actual expenditures for the Lease Year. Lessee shall make such payment within 30 days after the end of the Lease Year during which Lessee has not completed the work commitment expenditure. If the lease is abandoned by the Lessee part way through the lease year, there is no obligation to pay cash in lieu of work not accomplished in that year.
Work Commitment. As a work commitment, on or before September 1, 2006, and on or before September 1 of each subsequent Lease Year until TOGI completes a bankable positive feasibility study, TOGI shall drill not less than 5,000 linear feet of exploration drilling on the Property or in the Area of Interest. TOGI's work commitment for the initial 5,000 feet of exploration drilling is a firm and unconditional commitment and obligation under this Agreement. If TOGI does not complete drilling of 5,000 linear feet on or before September 1, 2006, or drilling of 5,000 linear feet on or before September 1 during each subsequent Lease Year, TOGI shall have the right to pay to Owner in lieu of performance of the drilling work commitment the sum of Ten Dollars ($10.00) multiplied by the difference between 5,000 linear feet and the actual number of linear feet which TOGI drills on or before the applicable deadline. In such case, TOGI shall pay the sum to Owner within thirty (30) days following the applicable deadline. Any exploration drilling in excess of the minimum requirement shall be carried forward and credited in TOGI's favor against its exploration drilling commitment for any succeeding period. If TOGI's performance of its drilling work commitment in any period is deferred as a result of the occurrence and continuation of a force majeure event, TOGI shall be obligated to perform the deferred drilling work commitment on or before September 1 of the second year following termination of the force majeure event, provided, however, that TOGI shall retain the right to pay to Owner in lieu of performance the sum of Ten Dollars ($10.00) multiplied by the difference between the linear feet of the deferred drilling work commitment and the actual number of linear feet of such deferred drilling work commitment which TOGI drills during the applicable period. TOGI's work commitment shall terminate on TOGI's completion of a bankable positive feasibility study.
Work Commitment. The payment set forth in Section 1.2 above shall be in lieu of any work commitment on the Mineral Property, and Xxxxx shall have no obligation, express or implied, to explore, develop, or mine the Mineral Property.
Work Commitment. In consideration of the granting of the Lease to the Lessee, Lessee shall be obligated to expend the amounts (the “Work Commitment Expenditures”) list below on exploration activities by the end of each Lease year as set forth below. Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment. Lease Year Amount First Lease Year $5,000.00 Second Lease Year $25,000.00 Third Lease Year $50,000.00 Fourth Lease Year $75,000.00 Fifth Lease Year and thereafter $100,000.00 All work expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will go, against work commitment requirements for any subsequent Lease Year. For any work commitment expenditure not fulfilled with the above work commitment time frames, the difference between the actual expenditure and the minimum work commitment expenditures shall be paid to Owner at a rate of 75% of the remaining expenditure in US dollars as the fulfillment of lessee’s obligation and lessee shall be entitled to keep (and not expend) 25% of such remaining expenditure.
Work Commitment. As a condition to the continued effectiveness of this Agreement, Lessee must expend during the term of this Agreement on or for the exploration and development of the Property the sums described below. The work commitment expenditures may consist of expenses incurred as follows: geochemical, geological and geophysical surveys and sampling of the Property, salaries and wages spent directly on field related expense on the project , travel and lodging expenses, consultants' and contractors' fees, drilling, sample and assay costs, location, amendment and relocation of unpatented mining claims, and all other expenses reasonably incurred by Lessee to explore and develop the Property. Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment. Lessee shall deliver annually within 30 days of the effective anniversary date documentary evidence sufficient to prove the work commitment expenditures. The work commitment expenditures are as follows: Lease Year Amount First Lease Year $10,000.00 Second Lease Year $25,000.00 Third Lease Year $50,000.00 Fourth Lease Year $100,000.00 Fifth Lease Year and thereafter $250,000.00 All work expenditures made by Lessee during any Lease Year in excess of the work commitment expenditures required for such Lease Year shall be credited, as far as they will go, against work commitment requirements for any subsequent Lease Year. For any work commitment expenditure not fulfilled with the above work commitment time frames, the difference between the actual expenditure and the minimum work commitment expenditures shall be paid to Owner at a rate of 75% of the remaining expenditure in US dollars as the fulfillment of lessee’s obligation and lessee shall be entitled to keep (and not expend) 25% of such remaining expenditure.
Work Commitment. 3.0. Upon completion of the course(s) of study, the employee must agree to a continuation of employment for a period not less than one year. In the case of termination prior to the conclusion of this period, the following refund criteria shall apply. Total expenditure of employee’s behalf # of months of additional employment required X Months remaining in agreement = Amount to be refunded by employee
Work Commitment. When work is available, casual employees are required to work two shifts per month. One of the required shifts must be: (a) a weekend shift or, (b), an evening, night or variable start time shift, if the casual employee works in a department that has such shifts. Casual employees are not obligated to report to duty each time they are requested to work. Casual employees who are students must be available to work two shifts per three-month period during months when school is in session. The three-month period will begin at the start of the employee’s school term. Casual employees must be available to work two holidays per year, one of which must be Thanksgiving, Christmas, or New Year’s. Casual employees assigned call shifts may fulfill these work requirements by either working two shifts per month or by working one shift and one full call shift. Full call shifts will be defined within each individual department. When a schedule is created, the scheduler/leader will notify casual employees of possible needs. At that time, the casual employee must notify the Hospital of the casual employee’s potential availability. Casual employees will be awarded shifts in accordance with the Extra Hours Section. If a casual employee is committed to a shift and is cancelled by the Employer, the shift will count towards the minimum shift requirements.
Work Commitment. Optionee shall expend US$1,500,000 Exploration Expenditures as defined in Paragraph 1.2.1 below on or before August 31, 2012 (the “Deadline”). If Optionee has not expended this amount by the Deadline, a payment for the amount not expended may be made to the Optionor in lieu thereof.
