FUTURE TERM Sample Clauses

FUTURE TERM. The term of a successor agreement shall be up to five (5) years provided that if as of the date this current Agreement would otherwise expire (June 30, 2020), the Company has entered into an agreement with the National Science Foundation to operate a re- search vessel on and after that date, then the new Agreement shall correspond to the length of that operating agreement, not to exceed five years; upon such terms as are agreeable to the parties. FOR THE TRUSTEES OF COLUMBIA UNIVERSITY IN XXX XXXX XX XXX XXXX, XXXXXX - XXXXXXX EARTH OBSERVATORY: /s/ Xxxxxx Xxxxxxxx Vice President and Chief Human Resources Officer FOR THE INTERNATIONAL ORGANIZATION OF MASTERS, MATES & PILOTS: /s/ Xxx X. Xxxxxxxxx Vice President Atlantic Ports (A) During each month that an employee is on active duty as Master, such employee will be paid Base Pay plus Sea Pay Bonus according to the employee's length of service as indicated in Appendix “A”. (B) During each month that an employee is on vacation the employee will be paid Va- cation Bonus according to the employee's length of service as indicated in Appendix “A”. (C) Vacation Pay will be paid to the Union Vacation Plan by the Company. The em- ployee will apply to the Plan to receive his net Vacation Pay (note Section 18). (D) A Holiday Bonus will be paid in the amount of two thousand dollars ($2,000) on January 1 and July 1 of each year of the contract to the Master. This money will not affect or be affected by any benefit plans. This is as per "Memorandum of Agreement" dated September 17, 2002. (E) Effective March 1, 2019, Masters will be paid a daily rate of pay for each day worked. The daily rate will be calculated by multiplying the monthly salary by twelve (12), dividing the product by three hundred sixty-four (364) days. 6 (F) The parties understand that a monthly salary is calculated for purposes of refer- ence and benefit calculation, however, employees are paid on a daily basis as set out in E above; employees are not paid a monthly rate. 6 This replaces the language in Section 8, Paragraph C, of the Collective Bargaining Agreement. Hired on or after 7/13/2012 Entry level 5 yr Seniority 10 yr Seniority 20 yr Seniority Effective 7/1/12 0% 2% 2% 3% Base Pay 6650 6783 6919 7126 Sea Pay bonus 5281 5387 5494 5659 Vacation Pay 0000 0000 0000 4276 Vacation Pay bonus 3169 3232 3297 3396 Effective 1/1/14 2.50% Base Pay 6816 6953 7092 7304 Sea Pay bonus 5413 5521 5632 5801 Vacation Pay 0000 0000 0000 0000 Vacation Pay bonus 3248 3...
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FUTURE TERM. The term of a successor agreement shall be up to five (5) years provided that if as of the date this current Agreement would otherwise expire (June 30, 2024), the Company has entered into an agreement with the National Science Foundation to operate a re- search vessel on and after that date, then the new Agreement shall correspond to the length of that operating agreement, not to exceed five years; upon such terms as are agreeable to the parties. FOR THE TRUSTEES OF COLUMBIA UNIVERSITY IN XXX XXXX XX XXX XXXX, XXXXXX - XXXXXXX EARTH OBSERVATORY: /s/ Xxxxxx Xxxxxxxx Vice President and Chief Human Resources Officer FOR THE INTERNATIONAL ORGANIZATION OF MASTERS, MATES & PILOTS: /s/ Xxx X. Xxxxxxxxx Vice President Atlantic Ports Date Date (A) During each month that an employee is on active duty as Master, such employee will be paid Base Pay plus Sea Pay Bonus according to the employee's length of service as indicated in Appendix “A”. (B) Vacation Pay will be paid to the Union Vacation Plan by the Company. The em- ployee will apply to the Plan to receive his net Vacation Pay (note Section 18). (C) A Holiday Bonus will be paid in the amount of two thousand dollars ($2,000) on January 1 and July 1 of each year of the contract to the Master. This money will not affect or be affected by any benefit plans. This is as per "Memorandum of Agreement" dated September 17, 2002. (D) Effective March 1, 2019, Masters will be paid a daily rate of pay for each day worked. The daily rate will be calculated by multiplying the monthly salary by twelve (12), dividing the product by three hundred sixty-four (364) days. 7 (E) The parties understand that a monthly salary is calculated for purposes of refer- ence and benefit calculation, however, employees are paid on a daily basis as set out in E above; employees are not paid a monthly rate. 7 This replaces the language in Section 8, Paragraph C, of the Collective Bargaining Agreement. Effective 7/1/2019 2.50% Base Pay $7,904 $8,062 $8,223 $8,470 Sea Pay bonus $6,277 $6,403 $6,531 $6,727 Vacation Pay $4,742 $4,837 $4,934 $5,082 Vacation Pay bonus $3,766 $3,841 $3,918 $4,036 Effective 7/1/2021 2.75% Base Pay $8,121 $8,284 $8,449 $8,703 Sea Pay bonus $6,450 $6,579 $6,710 $6,911 Vacation Pay $4,872 $4,970 $5,069 $5,221 Vacation Pay bonus $3,870 $3,947 $4,026 $4,147 Effective 7/1/2022 2.75% Base Pay $8,345 $8,512 $8,682 $8,942 Sea Pay bonus $6,627 $6,760 $6,895 $7,102 Vacation Pay $5,006 $5,107 $5,209 $5,365 Vacation Pay bonus $3,976 $4,...
Sample 1

Related to FUTURE TERM

  • Renewal Term If not sooner terminated, this Agreement shall renew at the end of the Initial Term and shall thereafter continue for successive annual periods, provided such continuance is specifically approved at least annually (i) by the Fund’s Board of Trustees or (ii) by a vote of a majority of the outstanding voting securities of the relevant portfolio of the Fund, provided that in either event the continuance is also approved by the majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) of any party to this Agreement by vote cast in person at a meeting called for the purpose of voting on such approval. If a plan under Rule 12b-1 of the 1940 Act is in effect, continuance of the plan and this Agreement must be approved at least annually by a majority of the Trustees of the Fund who are not interested persons (as defined in the 0000 Xxx) and have no financial interest in the operation of such plan or in any agreements related to such plan, cast in person at a meeting called for the purpose of voting on such approval.

  • Base Term Commencing on the Expansion Premises Commencement Date, the defined term “Base Term” on page 1 of the Lease is deleted in its entirety and replaced with the following:

  • Initial Term The initial term will begin on the date set forth in the Contract documents or on the date the Contract is signed by all Parties, whichever is later.

  • Original Term The weighted average original term for the Receivables is at least 65 months.

  • Extended Term Tenant shall have the option to extend the Term for two (2) consecutive five (5) year periods (the "FIRST EXTENDED TERM" and "SECOND EXTENDED TERM", respectively) on all the terms and conditions contained in this Lease including, without limitation, continuation of the adjustment of the Base Rent on an annual basis as provided in Section 3.3 below (provided only that upon commencement of the First Extended Term the only remaining option to extend the Term shall be the Second Extended Term and upon exercise of the option with respect to the Second Extended Term, no further right to extend the Term shall exist). Tenant shall deliver, if at all, written notice of its exercise of the option ("OPTION NOTICE") to Landlord at least six (6) months but not more than one (1) year before the expiration of the Term or First Extended Term, as the case may be. In the event Tenant fails to deliver the applicable Option Notice within the time allowed, Landlord shall deliver written notice to Tenant of Tenant's failure to deliver the Option Notice, and Tenant shall then have thirty (30) days from receipt of such notice within which to deliver the Option Notice, if at all, to Landlord. In the event (and only in the event) that, Tenant fails to deliver an Option Notice to Landlord within such thirty (30) days, Tenant shall be considered to have elected not to extend the Term of this Lease and thereafter, Tenant shall have no further right to extend the Term of this Lease. References in this Lease to the "Term" shall include the initial Term of fifteen (15) years and shall, in addition, include the First Extended Term and the Second Extended Term, if applicable.

  • Fixed Term This Agreement is concluded for a fixed term specified in the ‘Contract Term’ section of the Order Form. Neither Party can terminate this Agreement for convenience, however any rights of termination for cause remain unaffected.

  • CONTRACT RENEWAL PERIOD FURNITURE ADDITIONS/DELETIONS: Contractors wishing to make furniture additions/changes to their contract during the contract period should be aware of the following additions/changes will be allowed only once during a contract period. No changes to discount percentages are allowed during this contract period. Additions/changes must be submitted during the contract renewal period. When requesting additions and/or changes; contractor shall submit a request either by letter or via email which shall include a list of all items being proposed for addition and/or change. Contractor shall submit all required documents supporting any new items. Product literature for all new items shall also be submitted with the request. Contractor is responsible for submitting a complete name, address, email address, phone and fax numbers when a new dealer is added.

  • Extension Term The options to extend the Term of this Lease as described above shall not be deemed exercised by Tenant unless at least twenty-four (24) months prior to the Lease Expiration Date for the Primary Term or at least twenty-four (24) months prior to the expiration of the Extension Term for the first (1st) Extension Term, Tenant shall have delivered written notice to Landlord of Tenant's irrevocable election to so extend this Lease at the end of the Primary Term or the first (1st) Extension Term, as applicable. Tenant's failure to deliver one (1) such timely notice to Landlord shall terminate all future Extension Terms, if any, following the Extension Term to which such notice specifically relates. Subject to the provisions of paragraph 5 of this Lease, the terms and conditions of this Lease shall apply to each Extension Term with the same force and effect as if such Extension Term had originally been included in the Primary Term of the Lease. The right of Tenant to exercise its rights with respect to the Extension Terms shall be conditioned upon this Lease being in full force and effect and no Event of Default then existing as of the Lease Expiration Date (for the first (1st) Extension Term), or expiration of the first (1st) Extension Term (for the second (2nd) Extension Term). The Primary Term, together with any Extension Term with respect to which Tenant properly exercises its option, and for which the conditions related thereto are satisfied, shall constitute the "TERM" of this Lease.

  • Rent Commencement Date The "Rent Commencement Date" shall be the date that Tenant first uses the Premises or any portion thereof for any purpose permitted under this lease. In the event this lease pertains to a building or building interior finish to be constructed, the "Rent Commencement Date" shall be the date upon which the buildings and other improvements erected and to be erected upon the premises shall have been substantially completed in accordance with the plans and specifications described on Exhibit "C" attached hereto and incorporated herein by reference, provided however, that if Landlord shall be delayed in such substantial completion as a result of: (i) Tenant's failure to agree to plans, specifications, and cost estimates, within a reasonable period of time; (ii) Tenant's request for materials, finishes or installations other than Landlord's standard; (iii) Tenant's changes in plans; the commencement date and the payment of rent hereunder shall be accelerated by the number of days of such delay, and provided further that if Landlord cannot substantially complete the premises as a result of any events (i) through (iii) above, Landlord may as its election complete so much of Landlord's work as may be practical under the circumstances and, by written notice to Tenant, establish the commencement date as the date of such partial completion, subject to any applicable accelerations due to delays resulting from events (i) through (iii) above. Taking possession by Tenant shall be deemed conclusively to establish that said buildings and other improvements have been completed in accordance with the plans and specifications and that the premises are in good and satisfactory condition, as of when possession was so taken. Tenant acknowledges that no representations as to the repair of the premises have been made by Landlord, unless such are expressly set forth in the lease. After such "Rent Commencement Date" Tenant shall, upon demand, execute and deliver to Landlord a letter of acceptance of delivery of the premises. In the event of any dispute as to substantial completion of work performed, execute or required to be performed by Landlord, the certificate of Landlord's architect or general contractor shall be conclusive.

  • Renewal Terms Immediately following the Initial Term this Agreement shall automatically renew for successive one-year periods (a “Renewal Term”).

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