Earning Period Sample Clauses

Earning Period. 3.1 RMMI and ADX acknowledge that EBR has paid $5,000 by way of exploration expenditure by EBR on the Tenements. 3.2 RMMI may contribute $1 million to Joint Venture Expenditure during the Earning Period, including at least $100,000 in the first six months of this agreement. 3.3 Subject to clause 3.5, the earning Period will end when RMMI has contributed $1 million to Joint Venture Expenditure (including the payment in clause 3.1) and gives notice of this to ADX, or on 30 September 2010, whichever comes first. 3.4 RMMI must contribute at least $48,000 to Joint Venture Expenditure (including the payment in clause 3.1), for each permit year it enters. 3.5 If RMMI fails to spend the sum of $1 million on Joint Venture Expenditure during the Earning Period then it and EBR shall be deemed to have withdrawn from the Joint Venture unless EBR agrees to meet RMMI's outstanding commitments pursuant to clause 13 unless this period has been extended by Force Majeure or by mutual agreement between the Participants. 3.6 Upon contributing $1 million to Joint Venture Expenditure during the Earning Period and giving notice thereof to ADX, RMMI and EBR shall be deemed to have earned a 70% Joint Venture Interest so that the Joint Venture Interests of the Participants shall then be: RMMI 51% EBR 19% ADX 30% 3.7 If ADX is not satisfied that RMMI has made an earning contribution asserted by it under this clause 3 it must give notice to RMMI within 21 days of receiving a notice from RMMI under clause 3.
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Earning Period. Section 1.1 (h) “Earning Period” shall be revised as, “means the period commencing on September 25, 2005 and ending on February 25, 2008;”.
Sample 1
Earning Period. (a) Subject to Sections 3.1(b) and 3.1(d), the Shares subject to the Performance-Based Option shall become Earned Performance Shares as of the Earned Date and shall become eligible to vest and become exercisable in accordance with the provisions of Section 3.2 if and to the extent that the Performance Objectives set out in Targets 1 (50% of Target Number of Shares) and 2 (50% of Target Number of Shares) of Schedule C are attained and subject to the Optionee being in the employment of the Company or its Subsidiaries at each respective vesting date as set forth in Section 3.2 below. (b) The Optionee understands and agrees that the terms under which the Performance-Based Option shall become Earned Performance Shares as described in Section 3.1(a) above and in Schedule C is confidential and the Optionee agrees not to disclose, reproduce or distribute such confidential information concerning the Company, except as required in the course of the Optionee’s employment with the Company or one of its Subsidiaries, without the prior written consent of the Company. The Optionee’s failure to abide by this condition may result in the immediate cancellation of the Performance-Based Option. (c) As promptly as practicable following the end of the Performance Period, the Committee shall determine whether the applicable Performance Objectives were attained, and based on such determination, shall declare the number of Shares subject to the Performance-Based Option that shall become Earned Performance Shares. Anything to the contrary in this Section 3.1 and Schedule C notwithstanding, the Committee retains sole discretion to determine the number of Shares subject to the Performance-Based Option that will become Earned Performance Shares. (d) If prior to the end of the Performance Period, (i) the Optionee’s experiences a Termination of Service for reasons other than Cause, or (ii) there is a Change of Control, the Committee, may, in its sole discretion deem the Performance Objectives to be attained at the level (not to exceed the maximum level) determined by the Committee as to all or part of the unearned Shares underlying the Performance-Based Option and deem them to be Earned Performance Shares. (e) All Shares subject to the Performance-Based Option that are not declared by the Committee to be Earned Performance Shares shall be forfeited immediately on the earlier of the Optionee’s Termination of Service or the date that the Committee makes a determination on whether the Perf...
Sample 1
Earning Period. Shares will be earned hereunder and the Dividend Factor will increase only during the period (the "Earning Period") commencing on the date of this RSU Agreement and ending upon the first to occur of (i) the expiration of the Accrual Term, (ii) the termination of your employment for any reason, and (iii) a Change in Control. The amount of cash dividends declared by the Board and paid by the Company after the first to occur of any of these events will not be included in the determination of the Dividend Factor, except that (i) any cash dividends declared by the Board and payable in anticipation of the occurrence of a Change in Control otherwise resulting in the termination or expiration of the Earning Period (but in any event excluding liquidating or similar distributions on the Common Stock, or payments made upon conversion or exchange of, the Common Stock upon a Change in Control) will be included, and (ii) as provided below in the context of the definition of "employment", under certain limited circumstances your employment will be deemed to have not terminated and instead be deemed to continue until the occurrence of a Change in Control for the sole purpose of determining your Dividend Factor upon a Change in Control in accordance with Section 4.2 hereof, despite the fact that you may no longer then be employed by the Company as of the date of the Change in Control.
Sample 1
Earning Period. 6.1 During the Earning Period, the Operator and if requested each Assignor shall provide SOCDET and its authorised employees, agents or professional advisers access to all Petroleum Information and such technical, legal and financial information in its possession or under its control relating to the Farmout Contract Area as SOCDET may from time to time reasonably require. 6.2 During the Earning Period, each Assignor shall, subject to its obligations under this clause, continue to meet its pro rata share of all duly approved cash calls, expenditures, including insurance costs, relating to the Operating Agreement. 6.3 During the Earning Period each Assignor agrees with SOCDET, without prejudice to the rights and obligations of Operator under the Operating Agreement, that it shall hold and administer its Participating Interest with due regard to the interests of SOCDET under this Agreement and, in particular, shall: (a) conduct its affairs in relation to its Participating Interest and the Contract Area in a businesslike and usual manner and in accordance with good oilfield practice; (b) perform its obligations under the Service Contract and the Operating Agreement and all other contracts affecting its Participating Interest and promptly notify SOCDET of any material breach thereof by any party thereto (including itself); (c) promptly provide SOCDET with copies of all notices, work programmes, budgets, authorisations for expenditure, operating and technical committee minutes, cash calls and other information prepared or received by it relating to its Participating Interest; . (d) promptly notify SOCDET of any material matters coming to its attention and which in any way affects its Participating Interest or the Service Contract including without limitation all offers, trades, farm-in proposals and other expressions of interest relating to its Participating Interest; and (e) consult with SOCDET in respect of all material decisions in respect of operations under the Service Contract and shall seek to reach mutual agreement with SOCDET on all such matters. In the event that agreement cannot be reached each Assignor shall retain the right to take such decisions and conduct operations as it considers appropriate, but subject always to clauses 6.4 and 6.5. 6.4 From the Agreement Date, each Assignor shall keep SOCDET informed of any approval, consent or waiver under the Service Contract or the Operating Agreement in relation to the following:- (a) the approval or var...
Sample 1

Related to Earning Period

  • Planning Period All observations must be conducted openly and with full knowledge of the employee.

  • Billing Period The calendar month shall be the standard period for all charges and payments under this Agreement. On or before the fifteenth (15th) day following the end of each month, Seller shall render to Buyer an invoice for the payment obligations incurred hereunder during the preceding month, based on the Energy Delivered in the preceding month, and any RECs deposited in Buyer’s GIS account or a GIS account designated by Buyer to Seller in writing in the preceding month. Such invoice shall contain supporting detail for all charges reflected on the invoice, and Seller shall provide Buyer with additional supporting documentation and information as Buyer may request.

  • Waiting Period All full-time employees who are actively working and have completed thirty (30) days service shall be enrolled for the coverages and benefits set forth in this Exhibit as a condition of employment.

  • Qualifying Period If a regular employee is promoted or transferred to a position, then that employee shall be considered a qualifying employee in her new position for a period of ninety (90) calendar days. If a regular employee is promoted or transferred to a position either within or outside the certification and is found to be unsatisfactory, she shall be returned to her previously held position. If a regular employee is promoted to a position, either within or outside the certification, and finds the position to be unsatisfactory, she shall be returned to her previously held position.

  • HSR Waiting Period The waiting period applicable to the consummation of the Merger under the HSR Act shall have expired or been terminated.

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.

  • Hire Period 5.1 Where hire of the Hire Goods is to a Customer who is an individual (whether a consumer or otherwise) or relevant recipient of credit as defined under Article 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 e.g. (a). a partnership consisting of two or three persons not all of whom are bodies corporate, or (b) an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership(‘Relevant Individual’), the Hire Period shall commence on the date [specified out in writing by the Supplier] (‘Hire Start Date’) and shall end on the earlier of (i) [the date specified in the Commercial Terms Schedule]; or (ii) the last day of the 3 month period commencing on the Hire Start Date (‘Option 1 Hire End Date’). For the avoidance of doubt, as the Hire Period to Relevant Individuals is no longer than 3 months, the hire of any Hire Goods is not covered by the Consumer Credit Act 1974. 5.2 Where the Customer is not a Relevant Individual, the Hire Period shall commence on the Hire Start Date and shall end on the date specified in the Commercial Terms Schedule (‘Option 2 Hire End Date’). 5.3 On the Option 1 Hire End Date or the Option 2 Hire End Date (as applicable), the Customer shall: (i) physically return the Hire Goods into the Supplier’s possession; or (ii) make the Hire Goods available for physical repossession or collection by the Supplier [in a location specified by the Supplier], as applicable. 5.4 For the avoidance of doubt, the Hire Period shall automatically end on the Option 1 Hire End Date or the Option 2 Hire End Date, as applicable and the Customer shall not be required to pay the Rental in respect of any period in which the Hire Goods are in the Customer’s possession or control outside the Hire Period. 5.5 Notwithstanding clause 5.4, If the Customer fails to comply with its obligations in this clause 5, then it shall be liable for any financial loss which this causes the Supplier [and shall indemnify the Supplier in full and on demand in respect of any costs, liabilities, losses and expenses (including legal fees) incurred as a result].

  • Vesting Period The vesting period of the Restricted Stock (the “Vesting Period”) begins on the Grant Date and continues until such date as is set forth on Schedule A as the date on which the Restricted Stock is fully vested. On the first Annual Vesting Date following the date of this Agreement and each Annual Vesting Date thereafter the number of shares of Restricted Stock equal to the Annual Vesting Amount shall become vested, subject to earlier forfeiture as provided in this Agreement. To the extent that Schedule A provides for amounts or schedules of vesting that conflict with the provisions of this paragraph, the provisions of Schedule A will govern. Except as permitted under Section 10, the shares of Restricted Stock for which the applicable Vesting Period has not expired may not be sold, assigned, transferred, pledged or otherwise disposed of or encumbered (whether voluntary or involuntary or by judgment, levy, attachment, garnishment or other legal or equitable proceeding). The Employee shall not have the right to receive cash dividends paid on shares of Restricted Stock for which the applicable Vesting Period has not expired. In lieu thereof, the Employee shall have the right to receive from the Company an amount, in cash, equal to the cash dividends payable on shares of Restricted Stock for which the applicable Vesting Period has not expired, provided the Employee is employed by the Company on the payroll date coinciding with or immediately following the date any such cash dividends are paid on the Restricted Shares. The Employee shall have the right to vote the Restricted Stock, regardless of whether the applicable Vesting Period has expired.

  • Consideration Period You have 21 days from the date this Separation Agreement is given to you to consider this Separation Agreement before signing it. You may use as much or as little of this 21-day period as you wish before signing. If you do not sign and return this Separation Agreement within this 21-day period, you will not be eligible to receive the benefits described in this Separation Agreement.

  • Annual Accounting Period The annual accounting period of the Company shall be its taxable year. The Company’s taxable year shall be selected by the Member, subject to the requirements and limitations of the Code.

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