Required Service definition
Examples of Required Service in a sentence
The services described in this Article 10 are not included in Required Services unless identified as an “Additional Required Service or Modified Required Service”.
The services described in this Article 4 are not included in Required Services unless identified as an “Additional Required Service or Modified Required Service”.
If the Department determines that Contractor failed in any quarter to meet requirements of the Required Service Levels found in section 37, Statement of Work, Exhibit 6, for two or more standards, the Department has the right to assess Contractor a fee in accordance with the Required Service Levels table in Exhibit 6.
Except as otherwise provided in this Section 3 or Section 6 below, Service for only a portion of the Required Service Period, even if a substantial portion, will not entitle Participant to any proportionate vesting or avoid or mitigate the cancellation and forfeiture of the Restricted Stock Units that will occur upon the termination of Participant’s Service prior to the completion of the Required Service Period.
The actual effect that a leave of absence or change in Employee status may have upon the Required Service Period and the vesting of Restricted Stock Units subject to this Award will be determined by the Corporation’s policies governing those subjects that are in effect at the time.
In addition, a change in Participant’s Employee status from full-time or part-time may also result in similar adjustments to the Required Service Period under Section 1 and the vesting provisions of Section 3(c), to the extent such change in status results in a slower rate of vesting accrual.
The Required Service Period may also be extended in connection with certain leaves of absence or changes in Employee status, as set forth and subject to the limitations contained in Section 4 of this Agreement.
Any failure to meet or exceed a Required Service Level may constitute, depending upon the facts and circumstances, a material breach of Service Provider’s obligations under the Service Agreement.
Subject to the delayed issuance provisions of Section 9 of this Agreement (to the extent applicable), the Shares to which the Participant becomes entitled upon continuation in Service through the completion of the Required Service Period shall be issued upon the completion of such period or as soon thereafter as administratively practicable, but in no event later than thirty (30) days after the completion of such period.
All notices or communications pertaining to this Agreement shall be in writing and shall be sufficient when mailed or delivered to the address specified below: If to CLIENT: Illini Bio-Energy ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇.