Year 2 Sample Clauses
The 'Year 2' clause defines the terms, conditions, or obligations that specifically apply during the second year of an agreement or contract. Typically, this clause outlines changes in pricing, service levels, deliverables, or other key provisions that differ from the first year, such as an increase in fees or a shift in responsibilities. Its core function is to provide clarity and structure for how the contractual relationship evolves after the initial period, ensuring both parties understand their rights and obligations as the agreement progresses into its second year.
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Year 2. 2014-2015
1. Bargaining unit members employed on January 1, 2015 on a 12-month basis shall receive a 2.5% increase in base pay effective January 1, 2015.
2. Bargaining unit members employed on February 1, 2015 on a 9-month basis shall receive a 2.5% increase in base pay effective February 1, 2015.
3. In 2014-15, the Academic Professional in-range salary advancement pool shall be funded at 0% of the Academic Professional salary base.
4. The resulting salary rates of the above increases will be adjusted to the closest multiple of nine (9) for 9-month appointments and twelve (12) for 12-month appointments.
Year 2. The Buyer will purchase at a minimum of four million dollars ($4,000,000) of the Product in the second year of the Agreement. The Buyer will provide quarterly POs with delivery dates for the Product at a price of [*] dollars per kilogram ($[*]/kg). The quarterly POs will be binding to maintain the exclusivity.
Year 2. Effective August 1, 2022, a two and one-half percent (2.5%) across-the-board cost of living adjustment shall be applied to all rates and schedules.
Year 2. The number of Performance RSUs for which a Release Date will occur on the second date set forth after “Performance RSUs Release Date” in the Base Instrument shall be the product of (I) the Number of Performance RSUs Granted and (II) the Year 2 Vesting Percentage. Such number of RSUs shall be rounded down to the nearest whole RSU.
Year 2. The aggregate amount of payments received by Sagent from Concessionaire under this Agreement during Year 2 must equal or exceed [*] dollars ($[*]).
Year 2. The aggregate amount of Product Units Sold by the Distributor under this Agreement during Year 2 must equal or forty thousand (40,000) Product Units.
Year 2. Within 30 days of the last day of Year 2, Buyer will pay to Seller an Earnout payment equal to 15% of Gross Revenue for Year 2 which are in excess of $11.4. Within 30 days of last day of Year 2, Buyer will deliver its certificate signed by its chief financial officer setting forth Buyer’s calculation of the Gross Revenue for Year 2 together with such back up documentation as Seller may reasonably request with respect to Buyer’s calculation of Gross Revenue and the Earnout payment for such period.
Year 2 o The School will sustain year 1 momentum by earning a school grade at or above the school grade earned in year 1 Objective: The School will decrease the % of students NOT proficient by, at a minimum, 10%.
Year 2. On or after August 1, 2022, VENDOR shall submit a proper and appropriate invoice in the amount of One Million Seventy-Five Thousand Dollars and 00/100 Cents ($1,075,000.00) and SBBC shall pay the invoice within thirty (30) calendar days of the invoice date.
Year 2. Effective the first full pay period of July 2023, bargaining unit member salaries shall be increased by four percent (4%).