Year 3 Sample Clauses
The 'Year 3' clause typically defines specific terms, obligations, or milestones that become relevant or are triggered in the third year of an agreement or contract. For example, it may outline changes in pricing, renewal options, performance targets, or review periods that apply after the initial two years have elapsed. This clause ensures that both parties are aware of and prepared for any adjustments or new requirements that take effect in the third year, thereby providing structure and predictability to the ongoing relationship.
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Year 3. The parties agree to reopen Article 13 (Compensation) for school year 2023-2024.
Year 3. The number of Performance RSUs for which a Release Date will occur on the third 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 3 Vesting Percentage. Such number of RSUs shall be rounded down to the nearest whole RSU.
Year 3. Effective the first full pay period occurring on or after July 1, 2019, hourly wages for employees covered by the classifications listed in Appendix A shall be increased by seven percent (7%). The City will also adjust the wage schedule to reflect the California State minimum wage adjustments occurring on January 1, 2018, January 1, 2019, and January 1, 2020. The wage schedule in effect for the term of this MOU is included as Appendix B.
Year 3. On the first day of June, 1994, and on the first day of each successive month thereafter up to and including May 1, 1995, Lessee shall pay $8,620.00 as monthly rent, plus sales tax and estimated building insurance, real estate taxes and C.A.M.
Year 3. With respect to Year 3, Buyer shall pay Seller 35% of the amount by which Buyer's Net Media Revenues for Year 3 exceeds $10,000,000 if and only if all of the following Business Conditions are satisfied:
(1) Average monthly Unique Viewers on Buyer's consumer websites for Year 3 are at least 250,000 per month.
(2) Average monthly Page Views from Mobile Devices for Year 3 are at least 100,000,000 per month.
(3) Total Unique Users accessing Buyer's products from mobile devices average at least 2,500,000 per month during all of Year 3.
(4) Buyer's Premium Mobile and Web Revenues for Year 3 equal or exceed $1,000,000.
Year 3 i. [ ] Eligible Shares (representing 75% of the Maximum Share Amount) will be subject to vesting based on performance achievement against the following metrics measured on a cumulative basis over the Three-Year Performance Period (using a three-year average): • One-third of the Eligible Shares will vest if 4.5% GITBV is achieved; • Two-thirds of the Eligible Shares will vest if 7.0% GITBV is achieved; • 100% of the Eligible Shares will vest if 9.5% of GITBV is achieved. The number of earned shares shall be interpolated on a straight-line basis based on achievement of GITBV levels between the performance metrics specified above. No Eligible Shares shall be earned if GITBV is less than 4.5%, and the maximum earned shares shall be capped at the Eligible Share amount even if GITVB in excess of 9.5% is achieved.
ii. Following the conclusion of the Three-Year Performance Period, Employee shall vest in a number of Shares equal to the number of Eligible Shares earned based on cumulative three-year GITBV performance minus the sum of any Year 1 Payout and Year 2 Payout (“Net GITBV Shares Earned”). In the event that the foregoing calculation results in a negative amount, Net GITBV Shares Earned shall be zero. Any Net GITBV Shares Earned shall vest and be delivered to the Employee upon the Committee’s certification of performance achievement following the end of the Three-Year Performance Period.
Year 3. Del W1.A2.Y3: Technical report which for all the tasks of TaskW1.A2. provides a roadmap, containing an outline of research directions to advance the state of the art towards the vision outlined in the beginning of this document.
Year 3. At 1 July 2018 there will be a 1.75% increase to the steps in the range. On 1 July 2018 if performance criteria were met then employees will move through the steps in the range, up to step 7 ($93,491). Those staff whose salary previously was above Step 7 (previously ranges of rates) but whose salary is below the new rate for step 7 ($93,491), will shift to Step 7, $93,491. For those staff where the increase applied via the translation to the new step 7 ($93,491) is less than $1000, they will receive the balance by way of a one off payment (so they receive a total amount of $1000).
Year 3. For the 2019-2020 school year each full time FTE employee advancing on the salary schedule shall receive the following increase: All positions will receive an increase of 2% increase over the 2018-19 hourly compensation.
Year 3. Within 30 days of the last day of Year 3, Buyer will pay to Seller an Earnout payment equal to 15% of Gross Revenue which are in excess of $13.68 million. Within 30 days of the last day of Year 3, Buyer will deliver its certificate signed by its chief financial officer setting forth Buyer’s calculation of the Gross Revenue for Year 3 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.