Definition of Year Sample Clauses

Definition of Year. A year of qualifying service is defined to mean at least seventy-five
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Definition of Year. Whenever the term "year" or "per year" is used in this Section, it shall mean 12 full calendar months (plus any partial month in the first year) from the Effective Date of this Agreement and each 12 month period thereafter.
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Definition of Year. For the purposes of this table, the first year after Delivery of the Vessel shall commence at 10:00:01 AM GMT on the Delivery Date and shall end at 10:00:00 AM GMT on the three hundred sixty-fifth (365th) day thereafter. Each subsequent year shall commence at 10:00:01 AM following the end of the immediately preceding year. In the event that the No Fault Termination Date does not fall on an anniversary date, then the termination fee shall be a linear proration to the No Fault Termination Date between the termination fee of the year before and the year after. Attachment 2 to Schedule 111 Agreed Allowance List of Spare parts • One set of intermediate shaft bearing liner • One set of reduction gear thrust bearing pads • One complete set of propeller shaft reamer bolts for one coupling • One complete set of bearings for reduction gearing, including manufacturer’s tools • One complete rotating element for each size of centrifugal pump for fire fighting and essential services for propulsion system including ballast pump, each element comprising shaft, shaft sleeve, “impeller”, wear rings, bearings, shaft seal assemblies • For diesel generator engine: • two complete units comprising of piston with rings, connecting rod with bearings, liner and cylinder head (complete) • one set of bearings for 12V50DF • one set of fuel injectors for 12V50DF • one set of inlet and exhaust valves for one cylinder • one set of gaskets for 12V50DF • one set of fuel pipes for 12V50DF • each one set of fuel pump for 12V50DF & 6L50DF • Spares for electronic instrumentation equipment shall be provided with one unit for every 10 units fitted except electronic instrumentation fitted on the packaged equipment that is to be provided as per manufacturer standard. • For electronic system, one complete spare circuit board for each and every circuit board in a system for following system, except spare PCB for PC and it’s accessories. • Integrated Automation System • Custody Transfer System • DF Engine Control System • Propulsion Motor Control system • Emergency Shutdown System • One set of manufacturer’s recommended spare parts should be supplied for each control valve and actuator. In addition, spare valve trims (seat) should be provided for the valves having pressure drop ranging from 28 xxxx to 5 xxxx or below spray water valves. • 10% of internal component for each type of luminaries except floodlights, searchlights and nav. & signal lights, from a minimum 1 to maximum 5. • 10% of each type o...
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Definition of Year. A year shall be defined as the twelve (12) month period of time from July 1 through June 30.
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Definition of Year. For the purposes of this clause 'year' means the period from the date of commencement of an employee's service to the anniversary of such date in each subsequent twelve months employment.
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Definition of Year. For purposes of calculating pay and benefits, the end of the year shall be defined as the last day of the last full pay period of the fiscal year.
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Definition of Year. For purposes of this letter, each period of time beginning on June 1st of any year, and ending on May 31st, of the following year, shall be referred to as a "YEAR".
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Definition of Year. For purposes of this letter, each period of time beginning on April 1st of any year, and ending on March 31st, of the following year, shall be referred to as a "Year". 2.
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Related to Definition of Year

  • Definition of Good Reason For purposes hereof, “Good Reason” shall mean:

  • Definition of Terms The following terms referred to in this Agreement shall have the following meanings:

  • Definition of “Cause.” For all purposes under this Agreement, “Cause” shall mean:

  • Definition of Company Solely for purposes of this Article 6, the term "Company" also shall include any existing or future subsidiaries of the Company that are operating during the time periods described herein and any other entities that directly or indirectly, through one or more intermediaries, control, are controlled by or are under common control with the Company during the periods described herein.

  • Definition of Change in Control For purposes of this Agreement, a “Change in Control” shall mean the occurrence of any of the following events:

  • Definition of the Terms “Business Day”, “Affiliate” and “Subsidiary”. For purposes of this Agreement, (a) “business day” means each Monday, Tuesday, Wednesday, Thursday or Friday that is not a day on which banking institutions in New York are generally authorized or obligated by law or executive order to close, and (b) “affiliate” and “subsidiary” have the meanings set forth in Rule 405 under the Securities Act.

  • Change in Control Definition For purposes of this Agreement, “Change in Control” shall mean the occurrence of any of the following events, provided that such event or occurrence constitutes a change in the ownership or effective control of the Company, or a change in the ownership of a substantial portion of the assets of the Company, as defined in Treasury Regulation §§ 1.409A-3(i)(5)(v), (vi) and (vii): (i) the acquisition by an individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934 (the “Exchange Act”)) (a “Person”) of beneficial ownership of any capital stock of the Company if, after such acquisition, such Person beneficially owns (within the meaning of Rule 13d-3 under the Exchange Act) fifty percent (50%) or more of either (x) the then-outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (y) the combined voting power of the then-outstanding securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that for purposes of this subsection (i), the following acquisitions shall not constitute a Change in Control: (1) any acquisition directly from the Company or (2) any acquisition by any entity pursuant to a Business Combination (as defined below) which complies with clauses (x) and (y) of subsection (iii) of this definition; or (ii) a change in the composition of the Board that results in the Continuing Directors (as defined below) no longer constituting a majority of the Board (or, if applicable, the Board of Directors of a successor corporation to the Company), where the term “Continuing Director” means at any date a member of the Board (x) who was a member of the Board on the Effective Date or (y) who was nominated or elected subsequent to such date by at least a majority of the directors who were Continuing Directors at the time of such nomination or election or whose election to the Board was recommended or endorsed by at least a majority of the directors who were Continuing Directors at the time of such nomination or election; provided, however, that there shall be excluded from this clause (y) any individual whose initial assumption of office occurred as a result of an actual or threatened election contest with respect to the election or removal of directors or other actual or threatened solicitation of proxies or consents, by or on behalf of a person other than the Board; or (iii) the consummation of a merger, consolidation, reorganization, recapitalization or share exchange involving the Company, or a sale or other disposition of all or substantially all of the assets of the Company (a “Business Combination”), unless, immediately following such Business Combination, each of the following two (2) conditions is satisfied: (x) all or substantially all of the individuals and entities who were the beneficial owners of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such Business Combination beneficially own, directly or indirectly, more than fifty percent (50%) of the then-outstanding shares of common stock and the combined voting power of the then-outstanding securities entitled to vote generally in the election of directors, respectively, of the resulting or acquiring corporation in such Business Combination (which shall include, without limitation, a corporation which as a result of such transaction owns the Company or substantially all of the Company’s assets either directly or through one (1) or more subsidiaries) (such resulting or acquiring corporation is referred to herein as the “Acquiring Corporation”) in substantially the same proportions as their ownership of the Outstanding Company Common Stock and Outstanding Company Voting Securities, respectively, immediately prior to such Business Combination and (y) no Person (excluding any employee benefit plan (or related trust) maintained or sponsored by the Company or by the Acquiring Corporation) beneficially owns, directly or indirectly, fifty percent (50%) or more of the then-outstanding shares of common stock of the Acquiring Corporation, or of the combined voting power of the then-outstanding securities of such corporation entitled to vote generally in the election of directors (except to the extent that such ownership existed prior to the Business Combination); or (iv) the liquidation or dissolution of the Company.

  • Definition of Change of Control For purposes of this Agreement, “Change of Control” shall mean:

  • Definition of Cause For purposes of this Agreement, Cause shall be defined as:

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