For Small Business Clause Samples

The "For Small Business" clause is designed to tailor contract terms specifically to the needs and circumstances of small business entities. Typically, this clause may adjust requirements such as reporting, compliance, or liability to be more manageable for smaller organizations, or it may provide certain benefits or exemptions that recognize the limited resources of small businesses. Its core function is to ensure that small businesses are not unduly burdened by contractual obligations that are more appropriate for larger companies, thereby promoting fairness and encouraging small business participation.
For Small Business. Expectation: 99% of ID cards issued within 10 business days of receipt of complete and accurate enrollment information for a specific consumer.
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For Small Business. Expectation: 99% of ID cards issued within 10 business days of receipt of complete and accurate enrollment information for a specific consumer. Contractor shall submit this data monthly by the 10th of the following month for the previous month’s data. Performance Level: <99%: 4% performance penalty. Measurement Period January 1, 2023-December 31, 2023 Group 1: Customer Service Performance Standards 24% of Total Performance Penalty at Risk Contractor shall submit all Group 1 data on a monthly basis by the 10th of the following month for the previous month’s data. Performance Standard Individual Small Business No penalties will be assessed in 2017 – 2023. Performance Requirements
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Related to For Small Business

  • Small Business This chapter shall not be applied to any contractor that meets all of the following: 1. Has ten or fewer employees during the contract period; and, 2. Has annual gross revenues in the preceding twelve months which, if added to the annual amount of the contract awarded, are less than $500,000; and, 3. Is not an affiliate or subsidiary of a business dominant in its field of operation. “Dominant in its field of operation” means having more than ten employees and annual gross revenues in the preceding twelve months which, if added to the annual amount of the contract awarded, exceed $500,000. “Affiliate or subsidiary of a business dominant in its field of operation” means a business which is at least 20 percent owned by a business dominant in its field of operation, or by partners, officers, directors, majority stockholders, or their equivalent, of a business dominant in that field of operation. (Ord. 2002-0015 § 1 (part), 2002)

  • Qualified Small Business For so long as any of the Shares are held by an Investor (or a transferee in whose hands such Shares are eligible to qualify as “Qualified Small Business Stock” as defined in Section 1202(c) of the Internal Revenue Code of 1986, as amended (the “Code”)), the Company will use its reasonable efforts to comply with the reporting and recordkeeping requirements of Section 1202 of the Code, any regulations promulgated thereunder and any similar state laws and regulations.

  • Small Business Concern The offeror represents as part of its offer that it is, is not a small business concern.

  • UTILIZATION OF SMALL BUSINESS CONCERNS Seller agrees to actively seek out and provide the maximum practicable opportunities for small businesses, small disadvantaged businesses, women-owned small businesses, minority business enterprises, historically black colleges and universities and minority institutions, Historically Underutilized Business Zone small business concerns and US Veteran and Service-Disabled Veteran Owned small business concerns to participate in the subcontracts Seller awards to the fullest extent consistent with the efficient performance of this Contract.

  • Qualified Small Business Stock The Company shall use commercially reasonable efforts to cause the shares of Preferred Stock, as well as any shares into which such shares are converted, within the meaning of Section 1202(f) of the Internal Revenue Code (the “Code”), to constitute “qualified small business stock” as defined in Section 1202(c) of the Code; provided, however, that such requirement shall not be applicable if the Board of Directors of the Company determines, in its good-faith business judgment, that such qualification is inconsistent with the best interests of the Company. The Company shall submit to its stockholders (including the Investors) and to the Internal Revenue Service any reports that may be required under Section 1202(d)(1)(C) of the Code and the regulations promulgated thereunder. In addition, within twenty (20) business days after any Investor’s written request therefor, the Company shall, at its option, either (i) deliver to such Investor a written statement indicating whether (and what portion of) such Investor’s interest in the Company constitutes “qualified small business stock” as defined in Section 1202(c) of the Code or (ii) deliver to such Investor such factual information in the Company’s possession as is reasonably necessary to enable such Investor to determine whether (and what portion of) such Investor’s interest in the Company constitutes “qualified small business stock” as defined in Section 1202(c) of the Code.