Years 1-5 definition

Years 1-5. The Annual Rent for Years 1-5 of the Second Extension Term shall be the Second Extension Term MAI Valuation Rate.
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Years 1-5 interest accrues, no payment due
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Years 1-5. During the first five (5) years of the Renewal Term, the amount of annual Base Rent shall be the greater of twelve percent (12%) of Gross Sales per annum or Five Hundred Thousand and 00/100 Dollars ($500,000.00) per annum. During the first five (5) years of the Renewal Term, Tenant shall pay to Landlord Forty-One Thousand Six Hundred Sixty-Six and 67/100 Dollars ($41,666.67) monthly. Then, within ninety (90) days after the end of each year throughout the Renewal Term, Tenant shall (i) provide a written certification of Tenant’s Gross Sales for the prior year, executed by the chief financial officer or controller of Tenant, which shall be subject to the same year-end reporting and reconciliation procedures and the verification and audit rights of Landlord that apply to Percentage Rent under the Lease and (ii) in the event twelve percent (12%) of Gross Sales for such year exceeds Five Hundred Thousand and 00/100 Dollars ($500,000.00), pay to Landlord the excess above Five Hundred Thousand and 00/100 Dollars ($500,000.00).
Sample 1

Examples of Years 1-5 in a sentence

  • Term Products (choose at least one product and duration) X Protection Term: X 10 Years 15 Years 20 Years 30 Years Other OR Vitality Term: 10 Years 15 Years 20 Years 30 Years Other This product automatically includes the Vitality Program, which provides premium savings and rewards for the everyday things you do to stay healthy.

  • The Executive shall, during the Term, be entitled to a vacation based on the following schedule: Years 1-5: four (4) weeks paid vacation per annum Years 6-10: six (6) weeks paid vacation per annum Years 10 and up: eight (8) weeks paid vacation per annum Executive will have the ability to sell back any unused vacation to the Company.

  • The Executive shall, during the Term, be entitled to a vacation based on the following schedule: Years 1-5: four (4) weeks paid vacation per annum Years 6-10: six (6) weeks paid vacation per annum Years 10 and up: eight (8) weeks paid vacation per annum Executives will have the ability at five (5) years and up to sell back any unused vacation to the Company.

  • The resulting Li concentrations applied in the PFS cost analyses as further described in Section 19 are: 580 mg/l for Years 1-5, 545 mg/l for Years 6-9, and 490 mg/l for Years 9 – 30.

  • Production Lease Licences Fees:•Lease Years 1, 2, 3,& 4: $1.00 per acre •Lease Years 4 through 14: $10.00 per acre•Lease Years 15 onward: $25.00 per acre•For the purposes of lease licencing fees, the above lease fees have been superseded by the Arkansas Code, Title 15, Subtitle 6, Chapter 76 (15-76-315) which specifies that in lieu of royalty, an annual lease compensation payment of $32.00 per acre payable to the lease owner.

  • Assuming a withdrawal percentage of 6.00%, You could withdraw up to $6,000 during Rider Years 1-5 (assuming that You do not withdraw more than $6,000 during those Rider Years).

  • Initial capex period is expressed on a 16-month basis; Years 1-5 are expressed on a 12-month basis.

  • Value of new business1 $2.9 $3.1 $3.8 $3.8 $3.2 $1.0 $1.3 $2.1 $1.8 $1.9 Capital Deployed Value of New Business 2016 2017 2018 2019 2020 ($ in billions) IRR Payback Period 15% 7 Years 15% 7 Years 17% 6 Years 14% 7 Years 14% 7 Years 1 Excludes the MetLife Holdings segment; Value of New Business (VNB) is the present value of future profits net of the cost of capital and time value of guarantees from new sales.

  • PAGE 29 Table B - Dollar Amount of Each Monthly Fixed Dollar Annuity Payment Per $1,000 Applied Plan A Plan B Plan C Plan D - Joint and Survivor Life 5 Years 10 Years 15 Years With Adj.

  • Rent payments are to be payable monthly in advance during the Primary Lease Term, based on a beginning annual base rental for Years 1-5 of the Primary Lease Term of Nine Hundred Seventy-Five Thousand and No/Hundredths Dollars ($975,000.00), One Million Seventy-Two Thousand Five Hundred and No/Hundredths Dollars ($1,072,500.00) for Years 6-10 of the Primary Lease Term, and the annual base rental for each renewal period, if executed, shall be at market rates.


More Definitions of Years 1-5

Years 1-5. Seven percent (7%) Broker pays Outside Broker five percent (5%) Broker retains two percent (2%) Years 6-10: Two percent (2%) Broker pays Outside Broker one percent (1%) Broker retains one percent (1%) * The total commission for a lease at the 220 Technology building, however, shall be: Years 1-5: Five percent (5%) Broker pays Outside Broker three percent (3%) Broker retains two percent (2%) Years 6-10: Two and a half percent (2.5%) Broker pays Outside Broker one and a half percent (1.5%) Broker retains one percent (1%) except that this reduction shall not apply for any lease with Midas International Corp.
Sample 1
Years 1-5. Three percent (3%) Years 6-10: Two percent (2%) Not withstanding anything above to the contrary, in no event shall the commission to ITC on any transaction be less than $250 per transaction, net of the amount it pays the outside broker. The lease commission shall be done, once Owner closes escrow, and payable one-half upon mutual non-contingent lease execution and one-half upon occupancy by the tenant or as mutually agreed upon between Owner's Agent and Broker. Notwithstanding the foregoing, Owner's Agent will pay commission only if Owner closes escrow on the Property.
Sample 1

Related to Years 1-5

  • Years of Service means the total number of full years in which a Participant has been employed by one or more Employers. For purposes of this definition, a year of employment shall be a 365 day period (or 366 day period in the case of a leap year) that, for the first year of employment, commences on the Employee's date of hiring and that, for any subsequent year, commences on an anniversary of that hiring date. Any partial year of employment shall not be counted.

  • Credited Service means the member's total period of service

  • completed year of service means continuous service for one year;

  • Plan Year(s means the approximate twelve-month periods between annual meetings of the shareholders of the Company, which, for purposes of the Plan, are the periods for which annual retainers are earned.

  • Year of Vesting Service means a vesting computation period during which you complete 1,000 hours of service during the Plan Year.

  • Year of Service means the computation period of twelve (12) consecutive months, herein set forth, during which an Employee has at least 1000 Hours of Service.

  • Annual Earnings means your gross annual income from your Employer, not including shift differential, in effect just prior to the date of loss. It includes your total income before taxes. It is prior to any deductions made for pre-tax contributions to a qualified deferred compensation plan, Section 125 plan or flexible spending account. It does not include income received from commissions, bonuses, overtime pay or any other extra compensation or income received from sources other than your Employer.

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Average Compensation means the average of your W-2 wages from the Company for the five (5) calendar years completed immediately prior to the calendar year in which the Change in Control is effected. Any W-2 wages for a partial year of employment will be annualized, in accordance with the frequency which such wages are paid during such partial year, before inclusion in Average Compensation.

  • Base Year Value means the assessed value of eligible property January 1 preceding the execution of the agreement plus the agreed upon value of eligible property improvements made after January 1 but before the execution of the agreement.

  • Annual Deferral Amount means that portion of a Participant's Base Annual Salary and Annual Bonus that a Participant elects to have, and is deferred, in accordance with Article 3, for any one Plan Year. In the event of a Participant's Retirement, Disability (if deferrals cease in accordance with Section 8.1), death or a Termination of Employment prior to the end of a Plan Year, such year's Annual Deferral Amount shall be the actual amount withheld prior to such event.

  • Year of Eligibility Service means where an Employer designates a one or two 12-consecutive-month eligibility waiting period, an Employee must complete at least 1,000 Hours of Employment during each 12-consecutive-month period (measured from his date of Employment and then as of the first day of each Plan Year commencing after such date of Employment); provided, however, if an Employee is credited with 1,000 Hours of Employment in both the initial eligibility computation period and the first Plan Year which commences prior to the first anniversary of the Employee's employment commencement date, the Employee will be credited, for eligibility purposes, with two Years of Eligibility Service. Where an Employer designates an eligibility waiting period of less than 12 months, an Employee must, for purposes of eligibility, complete a required number of hours (measured from his date of Employment and each anniversary thereafter) which is arrived at by multiplying the number of months in the eligibility waiting period requirement by 83 1/3; provided, however, if an Employee completes at least 1,000 Hours of Employment within the 12 month period commencing on his Employment commencement date or during any Plan Year commencing after such Employment commencement date, such Employee will be treated as satisfying the eligibility service requirements.

  • Final Average Earnings means the earnings used to determine benefits under this Plan as further described in Article 7.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Anniversary Year The one-year period beginning on the Closing Date and ending on the first anniversary thereof, and each subsequent one-year period beginning on the day after the end of the preceding Anniversary Year and ending on next succeeding anniversary of the Closing Date.

  • Annual Compensation means an amount equal to the greater of:

  • Projected Annual Benefit means the annual retirement benefit (adjusted to an actuarial equivalent straight life annuity if such benefit is expressed in a form other than a straight life annuity or Qualified Joint and Survivor Annuity) to which the Participant would be entitled under the terms of the Plan assuming:

  • Base Earnings means base salary and wages payable by the Company or a Participating Subsidiary to an Eligible Employee, prior to pre-tax deductions for contributions to qualified or non-qualified (under the Code) benefit plans or arrangements, and excluding bonuses, incentives and overtime pay but including commissions.

  • Maximum Benefit Amount means the maximum amount payable for coverage provided to You as shown in the Schedule of Benefits.

  • Average Monthly Compensation means the quotient determined by dividing the sum of the Employee’s then current Base Salary (as defined in Section 4.1 hereof) and the greater of the most recently paid Incentive Compensation (as defined in Section 4.2 hereof) or the average of Incentive Compensation paid over the three most recent years by twelve.

  • Eligible Earnings means the Grantee's base salary (prior to any deferrals under a cash or deferred compensation plan sponsored by the Corporation or an Affiliate) paid during the Plan Year. From time to time the Plan Administrator may, in its sole discretion, establish rules for determining the amounts of Eligible Earnings for employees who become Grantees other than on the first day of a Plan Year as well as any reduction of Eligible Earnings as a result of paid leave of absences.