Committed Time definition
Examples of Committed Time in a sentence
For all Locations connected by C-band (4/6 GHz), Outages caused by rainfall are lower than 0.01% and by Ku- band; Outages caused by rainfall are lower than 0.1% of the Committed Time Interval (CTI) for the Site Availability.
During the Committed Time Period, the Employee will be eligible to receive an annual cash bonus in an amount equal to $400,000 subject to achieving performance goals established by the Company’s Board or Compensation Committee in its discretion (the “Cash Bonus”) which is an annual increase of $70,000 (the “Cash Bonus Increase”).
Should the EMPLOYER recover sick leave benefits, time recovered shall, where applicable, be placed in the Employee’s sickleave bank After fifteen (15) years of service (not including leaves of absence), employees shall receive on resignation, death or retirement fifty percent of their total accumulated sick leave credits.
The following shall not be included in the measurement of Unscheduled Outage periods but shall be considered in the measurement of Committed Time: Seller network or telecommunications downtime, downtime at individual DeltaWorks POS Devices or other POS devises, either at Seller or at individual agent or b▇▇▇▇▇ locations.
Within 30 days following the anniversary date of this Agreement, and on each anniversary date thereafter, WMTC shall pay the Service Provider for any banked hours in excess of the Committed Time during such prior twelve-month period based upon her hourly rate at the close of such twelve-month period.
In the event the Owner shall provide more than the Committed Time during any calendar month, the number of hours in excess of the Committed Time shall be offset against the number of hours less than the Committed Time in any other calendar month during the term of this Agreement and any remaining hours in excess of the Committed Time shall be banked.
Availability shall be measured by dividing the aggregate time of unscheduled outage periods for a given month by the total amount of Committed Time available for that month, then multiplying by 100, and subtracting the result from 100.00%.
The Service will be available to Seller for the processing of both Money Order Services and Money Transfer Services initiated through Company’s DeltaWorks POS Devices at the Locations 99.9% of the Committed Time during each calendar month.
In the event the number of hours during any twelve-month period is less than the Committed Time, no deduction shall be made against the monthly fee set forth in this Agreement.