June 1, 2024 and On Sample Clauses

June 1, 2024 and On. From and after June 1, 2024, it will be an amount determined as follows: (i) For all Tons of coal up to and including 5,600,000 Tons sold and delivered by Falkirk to Rainbow hereunder in any Year (prorated for partial years including 2024), the Agreed Profit expressed in January 1, 2021 dollars, will be $[****] per Ton as adjusted pursuant to Section 4.4(c) (“Tier 1 Agreed Profit”). (ii) For all Tons of coal in excess of 5,600,000 Tons sold and delivered by Falkirk to Rainbow hereunder in any Year (prorated for partial years including 2024), the Agreed Profit, expressed in January 1, 2021 dollars, will be $[****] per Ton as adjusted pursuant to Section 4.4(c) (“Tier 2 Agreed Profit”). (iii) For the partial year June 1, 2024 through December 31, 2024, the per Ton Agreed Profit shall be Tier 1 Agreed Profit for Tons delivered up to 3,266,667 Tons (5,600,000 Tons x 7 months / 12 months) and Tier 2 Agreed Profit as to any additional Tons. (iv) Commencing on January 1, 0000, Xxxxxxx shall invoice Rainbow monthly for Agreed Profit on the basis of applying Tier 1 Agreed Profit to nominated Tons up to and including 5,600,000 Tons on an annualized basis and applying Tier 2 Agreed Profit to Tons in excess of 5,600,000 Tons on an annualized basis ratably over the course of the Year. For example, if Rainbow were to nominate 8,000,000 Tons for 2025 (5,600,000 Tier 1 Tons and 2,400,000 Tier 2 Tons) and Rainbow took delivery of 1/12 of such tonnage in January 2025, the January 2025 invoice would apply Tier 1 Agreed Profit to 466,667 Tons (1/12 of 5,600,000 Tons) and Tier 2 Agreed Profit to 200,000 Tons (1/12 of 2,400,000 Tons), producing a blended rate of Agreed Profit. (v) If necessary, the Parties will agree to a true-up mechanism as to each Year after 2024 to ensure that Tier 1 Agreed Profit is applied to 5,600,000 Tons in such Year and that Tier 2 Agreed Profit is applied to Tons in excess of 5,600,000 Tons in such Year.
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Related to June 1, 2024 and On

  • December 2020 In the presence of:

  • Four on, Two off Schedule In an effort to maximize full-time employment opportunities, the local parties may agree to a “four on, two off” innovative schedule, subject to the following principles: (a) The introduction of such schedules and trial periods, if any, shall be determined by the local parties. Each Home must have the majority agreement of the full-time and part- time employees who vote on the issue to agree on a trial period of up to six months. Once the trial period is complete, each Home must have a minimum of 66⅔% agreement of the full-time and part-time employees who vote on the issue to continue with the new schedule on a permanent basis. (b) The implementation of such schedules shall be established only by mutual agreement of the Employer and the Union. (c) Notwithstanding the definition for full-time employee under Article 2.02, employees who participate in this schedule will normally be scheduled for thirty-five (35) hours per week on average and will be considered a full- time employee for all purposes of the collective agreement. i) Notwithstanding Article 16.01, for the purposes of bi-weekly overtime, the normal weekly full-time hours shall remain at seventy-five (75) hours per bi-weekly average over a six (6) week period. In each bi-weekly pay period the employee will be paid for all hours worked. At the end of the six (6) week period, entitlement for bi-weekly overtime will be calculated and paid. ii) Notwithstanding Article 16.01, for the purposes of daily overtime, the normal daily hours shall remain at seven and a half (7.5) hours per day. In each bi-weekly pay period the employee will be paid for all hours worked including daily overtime, if any. (e) For the purposes of vacation entitlement, the current collective agreement provisions shall apply using thirty-five (35) hours per week. (f) Each facility/unit must have eighty percent (80%) agreement of the full- time and part-time employees who work in the facility/unit. (g) The Four on, Two off schedule, may be discontinued by either party upon receipt of twelve (12) weeks’ notice to the other in writing of its desire to terminate. A meeting shall be held within two (2) weeks of receipt of such notice to discuss the reasons for the discontinuation. The Four on, Two off schedule, may be discontinued by the Union in any facility/unit when sixty percent (60%) of the employees in the facility/unit so indicate by secret ballot to the Union.

  • By November 1st of each year, the University will provide the Association with a list of all members eligible for retirement without penalty under the faculty pension plan.

  • Effective December 17, 2020, all provisions of this collective agreement shall be read to be gender neutral.

  • The First Closing Date Delivery of certificates for the Firm Shares to be purchased by the Underwriters and payment therefor shall be made at the offices of Xxxxxxxxx & Xxxxxxx LLP (or such other place as may be agreed to by the Company and the Representatives) at 9:00 a.m. New York City time, on [•], or such other time and date not later than 1:30 p.m. New York City time, on [•] as the Representatives shall designate by notice to the Company (the time and date of such closing are called the “First Closing Date”). The Company hereby acknowledges that circumstances under which the Representatives may provide notice to postpone the First Closing Date as originally scheduled include, but are not limited to, any determination by the Company or the Representatives to recirculate to the public copies of an amended or supplemented Prospectus or a delay as contemplated by the provisions of Section 11.

  • Quarterly and Annual Reconciliation 10.6.1 The Parties acknowledge that all payments made against Monthly Bills and Supplementary Bills shall be subject to quarterly reconciliation within 30 days of the end of the quarter at the beginning of the following quarter of each Contract Year and annual reconciliation at the end of each Contract Year within 30 days to take into account the Energy Accounts, Tariff adjustment payments, Tariff Rebate, Late Payment Surcharge, or any other reasonable circumstance provided under this Agreement. 10.6.2 The Parties, therefore, agree that as soon as all such data in respect of any quarter of a Contract Year or a full Contract Year as the case may be has been finally verified and adjusted, the SPD and SECI shall jointly sign such reconciliation statement. Within fifteen (15) days of signing of a reconciliation statement, the SPD shall make appropriate adjustments in the next Monthly Bill. Late Payment Surcharge/ interest shall be payable in such a case from the date on which such payment had been made to the invoicing Party or the date on which any payment was originally due, as may be applicable. Any Dispute with regard to the above reconciliation shall be dealt with in accordance with the provisions of Article 16.

  • E E M E N T In consideration of the foregoing and the mutual covenants and agreements hereinafter set forth, the parties hereto hereby agree as follows:

  • R E E M E N T It is agreed as follows:

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