First Calendar Year Clause Samples

The 'First Calendar Year' clause defines the initial period of a contract or agreement, typically specifying that it begins on the effective date and ends on the last day of that calendar year, regardless of the actual start date. For example, if an agreement starts in March, the first calendar year would run from March through December 31 of that same year. This clause is important for establishing clear timelines for obligations, reporting, or calculations that are based on annual periods, ensuring all parties have a common understanding of when the first year ends and subsequent periods begin.
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First Calendar Year. The partial Calendar Year period commencing on the Term Commencement Date and ending on the next succeeding December 31.
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First Calendar Year. The first calendar year in which Minimum Revenues shall be guaranteed, shall begin on the earlier of (a) the January 1 immediately following Regulatory Approval or (b) January 1, 2004, unless the parties agree otherwise.
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First Calendar Year employees will accrue vacation pay based on four percent (4%) of earnings. Effective January 1st following the employee’s hire date, the employee will be eligible for two (2) weeks’ vacation time-off if hired prior to the preceding July 1st, or one (1) week vacation time-off if hired on or after the preceding July 1st. The four percent (4%) vacation pay accrued on earnings from the employee’s hire date to and including December 31st of the first calendar year will be paid at the time of taking said vacation; at the employee’s option he may choose to be paid the vacation pay and not take the time-off. When an employee reaches a hire date anniversary that qualifies him for an additional week of annual vacation (after Years 4, and 9 8 and 14) he will commence taking that additional week effective the January 1st of the year in which he will earn it. This is based on the understanding that should the employee have taken this additional week and then his employment terminate prior to the anniversary of his hire date, the employee will reimburse the Employer the value of said week. Commencing in the employee’s second complete calendar year of employment, the calculation of the employee’s vacation pay will be based on the employee’s earnings in the prior calendar year. At the time of taking a week’s vacation, the employee will be paid two percent (2%) of his prior calendar year’s earnings. In the case of a regular employee who worked a minimum of one thousand five hundred (1,500) hours in the previous calendar year, at the time of taking a week’s vacation, said employee will be paid the greater of two percent (2%) of his prior calendar year’s earnings, or forty
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First Calendar Year. The Company shall cause the Board to work with Executive to establish in good faith on or prior to May 1, 2001 a bonus compensation plan for Executive for the period from the date hereof through and including December 31, 2001 (the "First Year Plan Period"). Such plan shall provide for (a) "net income before taxes" targets (determined in accordance with generally accepted accounting principles applied on a consistent basis ("GAAP")) at least three separate levels, which, if achieved by the Company during such period, would entitle Executive to Bonus Compensation of fifty percent (50%), seventy-five percent (75%) and one hundred percent (100%), respectively, of Base Salary earned by Executive during the First Year Plan Period and (b) minimum Bonus Compensation for Executive for such First Year Plan Period of $37,500.
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First Calendar Year. The partial Calendar Year period commencing on ------------------- the Term Commencement Date and ending on the next succeeding December 31. FORCE MAJEURE. Acts of God, strikes, lock outs, labor troubles, ------------- inability to procure materials, failure of power, restrictive Legal Requirements, riots and insurrection, acts of public enemy, wars, earthquakes, hurricanes and other natural disasters, fires, explosions, any act, failure to act or Default of the other party to this Lease; provided, however, lack of money shall not be deemed such a cause.
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First Calendar Year. “First Calendar Year” shall have the meaning set forth in Section 4.1.1 of this Lease Agreement.
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Related to First Calendar Year

  • Calendar Year Calendar Year" for the purposes of this Agreement shall mean the twelve (12) month period from January 1st to December 31st, inclusive.

  • School Calendar The Dual Credit course schedule will be determined by the location of the course delivery, provided that the required contact hours and prerequisites are met. The instructional calendar for the high school portion of the School will be based on the School District calendar and comply with all related TEA regulations for school attendance. The School District will adjust its schedule as necessary to enable Students to enroll in and attend the college- level courses provided by College. The School District and College will coordinate the State Student assessment requirements to ensure said assessments are administered without penalty. The School District, School and College will ensure that the School calendar accounts for the required per-semester contact hours for courses. When the instructional delivery is on the College site, it may be necessary for Students to attend classes on days when the School District is closed (e.g., different holiday closures). When Students take classes at the College scheduled on days when School is closed, the School District will ensure that at least one staff member with administrative authority be on call and available to be reached by the College’s Office of High School Programs or other College staff in case of emergency. The designated School staff member will have access to Student emergency contact information. While the College agrees to make scheduling accommodations for required State assessments, including the STAAR and End of Course Exams, all contact hour requirements must be met. For assessments not mandated by the State, the College and School District will come to a mutual agreement on administration dates in order to appropriately manage disruptions of college courses and ensure contact hour requirements are met.

  • Academic Calendar The academic calendar of each university shall be established by the President. Prior to establishing or making changes in the calendar, the President/designee shall afford opportunity to meet and confer with the Association.

  • RDO Schedule/ Working Day Calendar (a) The Employer recognises that hours accrued in accordance with clause 38 create a bank of hours to be drawn upon by the Employee, as a paid RDO. The Employer recognises that Employees are entitled to take off days accrued in accordance with this clause. (b) The agreed indicative RDO/Working Day Calendars for 2024 to 2029 are attached at Appendix D of this Agreement. (c) For the avoidance of doubt, nothing in the arrangement for an indicative RDO / Working Day Calendar is intended to impose a limit on the ability of the Employer to determine with its Employees when and where work can be performed to meet operational requirements or otherwise limit the Employer’s right to manage its business and improve productivity.

  • Calendar Quarter January through March, April through June, July through September, or October through December.