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 or contemplated 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. The aggregate amount of payments received by Sagent from Distributor under this Agreement during Year 3 or any Renewal Term must equal or exceed [*] dollars ([*]).
Year 3. The Buyer will purchase at a minimum of four million five hundred thousand dollars ($4,500,000) of the Product in the third 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 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. The third year of this new program will be 2016-2017. • 1/3 of all tenured Teachers will be in a summative year. • All summative evaluations will be completed by January 15th. • Every Teacher in the summative year must have an IGDP approved by the Administrator. • The second and third observations will be according to HCM. •The summative evaluation will have the following components: Observation = 55% Achievement of students = 35% Engagement of students = 10%
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. Goods under Year 3 are subject to tariff elimination in accordance with the following margin of preference, beginning on the day the Agreement enters into force. Date of entry into force 1st Jan Year 1 1st Jan Year 2 1st Jan Year 3 25% 50% 75% 100%
Year 3. Effective January October 1, 20035, bargaining unit according to the City’s performance rating instrument will receive a 4% merit increase added to their base rate of pay.
Year 3. (1) Prior Lake would report the acres of land developed before the MOA Effective Date, land developed after the MOA Effective Date, and undeveloped land as follows: Developed area prior to MOA: 60 acres (25 acres redeveloped in Year 2) Developed area after MOA: 200 acres (50 acres Year 1 + 100 acres in Year 2 + 50 acres in Year 3) Undeveloped area: 0 acres
(2) Prior Lake would report that no land was redeveloped in Year 3.
(3) Prior Lake would present the Projected Average Discharge rate of the new development since the MOA Effective Date as follows: = ∑ [(AND/TAND) * Max DND] = [(50 acres in Year 1/200 acres total) * 0.5 cfs/acre] + [(100 acres in Year 2/200 acres total) * 0.125 cfs/acre] + [(50 acres in Year 3/200 acres total) * 0.25 cfs/acre] = 0.25 cfs/acre
(4) Prior Lake would note that no new development will occur in this segment.