First Increment definition

First Increment means the first building for which a certificate of occupancy is delivered (Building B) and to "Second Increment" shall mean the second building for which a certificate of occupancy is delivered (Building A), except for clause (iii) of Section 3.1
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First Increment as defined in Section 2.22.
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Examples of First Increment in a sentence

  • Movement through the increments shall be as follows: • Start = 0 – 961 seniority hours • First Increment – 962 seniority hours (4% increase allocated to pension contribution) • Second Increment – 1924 seniority hours • Subsequent increments are earned after every 1924 additional seniority hours.

  • Should a Change in Control occur between June 1, 1999 and June 1, 2000, Awardee's entire First Increment of options shall accelerate and vest.

  • The term “Premises” as used in the Lease shall refer to the existing Premises (to the extent the First Increment Effective Date has occurred prior to the Second Increment Effective Date), the First Increment Expansion Space and the Second Increment Expansion Space.

  • For example, if the Substantial Completion Date for the First Increment were August 3, 2001, and the Substantial Completion Date for the Second Increment were October 23, 2001, the Premises Completion Midpoint Date would be September 12, 2001.

  • Tenant’s Phase Percentage Share shall be equal to the sum of (i) Tenant’s Phase Percentage Share immediately prior to the First Increment Effective Date and (ii) six and 38/100ths percent (6.38%), subject to further adjustments in accordance with Section 1.13 of the Lease.

  • Each of Landlord and Tenant hereby waives any claims against the other for delays in connection with the delivery of the First Increment (the combined December 17 Increment and the Remaining Increment), the 8,310 SF Increment, the Second Increment, the Expansion Premises, and the R&D Space.

  • Following the commencement of Tenant’s lease of the First Increment Expansion Space, the commencement of Tenant’s lease of the Second Increment Expansion Space and the Expansion Space Delivery Date, Landlord shall prepare and deliver to Tenant a delivery date memorandum (the “Delivery Date Memorandum”) in the form of Exhibit B, attached hereto.

  • The Commencement Date for the remainder of the First Increment (the “Remaining Increment”) shall be the date on which the Remaining Increment is ready for occupancy as evidenced by a temporary certificate of occupancy or its equivalent from the City of Richmond (the “Remaining Increment Commencement Date”).

  • For purposes of this Lease, the "Premises Completion Midpoint Date" shall be the date that is half way between the Substantial Completion Date for the First Increment and the Substantial Completion Date for the Second Increment.

  • In the event of a Change in Control prior to June 1, 1999, options for 30,000 shares from Awardee's First Increment of options shall accelerate and vest.

Related to First Increment

  • Scan increment means the amount of relative displacement of the patient with respect to the CT x-ray system between successive scans measured along the direction of such displacement.

  • First Incremental Auction means an Incremental Auction conducted 20 months prior to the start of the Delivery Year to which it relates.

  • Merit Increase means an increase in the rate of pay of an employee within the employee’s pay range which may be granted in recognition of satisfactory service on the employee’s anniversary date.

  • Increment means the amount per annum provided as a rate of increase in the applicable salary payable to any eligible employee, which unless the context of the relevant approved pay range otherwise clearly indicates, may be granted annually on the applicable anniversary dates.

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).