Earned credit definition

Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a contract in which the contractor met or exceeded his or her goals for the utilization of BEPDs in the performance of the contract.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Earned credit means the amount of health care assistance under SHARP based on Retirement Plan Service described in this document.

Earned credit means the amount of the bid incentive allocated to a contractor upon completion of a construction project in which the contractor met or exceeded his or her goals for the utilization of apprentices in performance of the total labor hours performed under the contract.

Examples of Earned credit in a sentence

• Earned credit for horizontal movement completed prior to the opening of the Fall semester will be credited on the Fall semester contract.

• Earned credit of no less than two (2) years for military experience or alternative civilian service required by the Selective Service System will be given.

• In no circumstances will the premium compensation (1-1/2 times their hourly rate plus 1/2 hour compensatory time or (0026) Holiday Earned credit) as identified in the paragraphs above extend beyond twenty-one (21) consecutive calendar days.

• In no circumstances will the premium compensation (1-1/2 times the hourly rate or (0026) Holiday Earned credit) as identified in the paragraphs above extend beyond twenty-one (21) consecutive calendar days.

• Earned credit will be given out via credit hours cards in 20-hour units.

• Earned credit shall only apply during the Cisco fiscal year in which the Exhibit was executed and shall not carryover to a future Cisco fiscal year.

• Earned credit hours may be used in lieu of annual or sick leave only after approval of the supervisor.

• In no circumstances will the premium compensation (1-1/2 times the hourly rate or (0026) Holiday Earned credit) as identified in the paragraphs above extend beyond twenty-one (21) consecutive calendar days, unless negotiated as specified below.

• Earned credit to systems integrator agreement shall remain in system integrator is subject to.

• Earned credit will be:  Eligible for six (6) months from month earned  Earned credit is non-cumulative within the month’s statistics.

More Definitions of Earned credit

Earned credit means the amount of the bid preference

Earned credit. The Parties hereto acknowledge that the Prior Share Purchase Agreements contemplated that in the event that for any reason the acquisition of ABS contemplated by the Share Purchase Agreements was not consummated, the Seller would be obligated to refund to Elegance the full amount of the Deposit. In furtherance of the foregoing, the Parties hereto do hereby agree as follows: A▇▇▇ ▇▇▇ ▇▇▇▇ (the “Seller”) hereby commits to return the $1,462,500 balance of the Deposit to Elegance in the manner provided in this Section 5.3 (the “Deposit Repayment”). Elegance hereby agrees to treat the amount of the $1,462,500 Deposit as a potential of up-to $1,462,500 advance and repayment commitment by the Seller through ABS by discounts on anticipated Purchase Orders it may provide to ABS in connection with Elegance’s purchases of Covered Products in 2021. As Purchase Orders are issued to ABS by Elegance under this Agreement, the Purchase Orders must be accepted by ABS and any Deposit Repayment amount must be approved by the Seller. Subject to such acceptance by ABS and approval by the Seller, at the time ABS issues an invoice to Elegance, twenty-five percent (25%) of the applicable Prices for the Covered Products as set forth in each Elegance Purchase Order and ABS invoice shall be deemed to be a credit granted to Elegance in respect of such purchases of Covered Products (the “Earned Credit”) and such Earned Credit shall reduce by a corresponding dollar amount the Deposit Amount. By their execution of this Agreement, ABS and the Seller each agree to treat the Deposit paid to the ABS Shareholder under the Prior Share Purchase Agreement as a prepayment and Earned Credit against Elegance’s purchases of Covered Products in 2021. For example, if Elegance purchases from ABS $800,000 of Covered Products, the $1,462,500 balance of the Deposit shall be deemed to have been reduced by $200,000, which shall be the repayment amount applicable to such invoice. Notwithstanding anything to the contrary express or implied, contained in the Share Purchase Agreement and in this Section 5.3 above, in the event that the remaining Deposit balance of $1,462,500 is not repaid via Covered Products discounts as set out in this Section 5.3 by the close of business (Pacific time) on December 31, 2021, the Seller shall immediately pay to Elegance in cash by wire transfer of immediately available funds, the difference between (a) $1,462,500 less any further amounts returned to Elegance by the Seller, and...

Earned credit means a compliance unit described in section 12 [earned credits];

Earned credit means the numbers of credits students earned from taking courses with a grade of A, B+, B, C+, C, D+, D, or S.