Minimum Annual Spend Sample Clauses

Minimum Annual Spend. King agrees to reimburse PTI for its 2010 minimum annual spend (i.e., $750,000) under the DLA, irrespective of the status of approved budgets under the Collaboration Agreement. Please sign below to acknowledge your acceptance and agreement to this letter agreement. Sincerely, /s/ Xxxxx X. Xxxxxxxx Xxxxx X. Xxxxxxxx President and Chief Executive Officer PAIN THERAPEUTICS, INC. /s/ Xxxx Xxxxxxx Xxxx Xxxxxxx President & Chief Executive Officer *** Confidential treatment requested pursuant to a request for confidential treatment filed with the Securities and Exchange Commission. Omitted portions have been filed separately with the Commission. JOC [ *** ] Plan & Budget Goal: PTI to [ *** ] 1. [ *** ] [ *** ] a. [ *** ] [ *** ] 2. [ *** ] a. [ *** ] b. [ *** ] c. [ *** ] [ *** ] 3. [ *** ] [ *** ] 4 [ *** ] [ *** ]
Sample 1
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Minimum Annual Spend. All obligations of Pfizer with respect to the Minimum Spend whether under the DLA or CA or LA, shall be considered to be fully satisfied and discharged and Pfizer shall have no further obligation or liability in respect thereof Pfizer shall not seek repayment of any amounts paid to PTI, and PTI shall not seek any further payments from Pfizer, with respect to the Minimum Spend under the DLA for the term of the CA.
Sample 1
Minimum Annual Spend. 8.1. For the purposes of this Clause a “Contract Year” shall mean any grouped Agreed Rail Industry Periods identified as periods ‘1’ through to ‘13’ in Appendix F to Schedule 2 – Charges – Agreed Railway Industry Periods. 8.2. Where a Minimum Annual Spend amount is expressly specified as being applicable as detailed in Appendix C to Schedule 2 for one or more Contract Lots that have been awarded to the Supplier (each a “Minimum Annual Spend”), then in respect of each relevant Contract Year (or part Contract Year where applicable): 8.2.1. the Supplier shall reduce their total hourly rate by the relevant Commitment Rebate as detailed within Appendix B to Schedule 2. 8.2.2. the Supplier commits to the supply of Contingent Labour Workers in respect of COOM Electronic Purchase Orders issued by Network Rail for that Contract Lot up to the value of the Minimum Annual Spend; and 8.2.3. Network Rail commits to issue COOM Electronic Purchase Orders up to the value of the aggregate of all Minimum Annual Spend amounts across all Contract Lots that have been awarded to the Supplier including both those that have a Minimum Annual Spend allocated and those that do not have a Minimum Annual Spend allocated to them. 8.3. Network Rail may, in its sole discretion, vary any Minimum Annual Spend amount that applies for a Contract Year (or part Contract Year) for a particular Contract Lot on notice to the Supplier, provided that any reduction to a Minimum Annual Spend amount for a Contract Year for that Contract Lot shall not represent more than a 15% reduction to the Minimum Annual Spend amount that is detailed within or amended in the preceding Contract Year for that Contract Lot (unless a varied percentage is agreed by both Network Rail and the Supplier) and except in the case of pre agreed Minimum Annual Spend amounts as detailed within Appendix C to Schedule 2 – Charges which may exceed 15% if unchanged by further variance in commitment. 8.4. Where a period is only part of a Contract Year, the Minimum Annual Spend shall be reduced pro rata as calculated below: 8.5. To the extent that the Supplier fails to supply Contingent Labour Workers in accordance with issued COOM Electronic Purchase Orders in respect of a Contract Lot, then for the purposes of Network Rail’s spend commitment pursuant to paragraph 8.2.2 and for the operation of paragraph 8.6, the relevant Minimum Annual Spend amount for that Contract Lot shall be adjusted by deducting the value of all unfulfilled COOM ...
Sample 1

Related to Minimum Annual Spend

  • Minimum Annual Royalty Beginning in the calendar year after the first occurrence of SALEs, and in each succeeding calendar year thereafter, LICENSEE will pay to REGENTS a minimum annual royalty of [Written amount] U.S. Dollars ($ Number) for the life of this AGREEMENT. This minimum annual royalty will be paid to REGENTS by February 28 of each year and will be credited against the earned royalty due and owing for the calendar year in which the minimum payment is made.

  • Minimum Annual Royalties Company shall pay to JHU minimum annual royalties as set forth in Exhibit A. These minimum annual royalties shall be due, without invoice from JHU, within thirty (30) days of each anniversary of the EFFECTIVE DATE beginning with the first anniversary. Running royalties and sublicense consideration accrued under Paragraphs 3.3 and 3.4, respectively, and paid to JHU during the one year period preceding an anniversary of the EFFECTIVE DATE shall be credited against the minimum annual royalties due on that anniversary date.

  • Minimum Annual Rent Tenant agrees to pay to Landlord the Minimum Annual Rent in equal monthly installments in the amount set forth in Section 1(d) (as increased at the beginning of each lease year as set forth in Section 1(d)), in advance, on the first day of each calendar month during the Term, without notice, demand or setoff, at Landlord's address designated at the beginning of this lease unless Landlord designates otherwise; provided that rent for the first full month shall be paid at the signing of this lease. If the Commencement Date falls on a day other than the first day of a calendar month, the rent shall be apportioned pro rata on a per diem basis for the period from the Commencement Date until the first day of the following calendar month and shall be paid on or before the Commencement Date. As used in this lease, the term "LEASE YEAR" means the period from the Commencement Date through the succeeding 12 full calendar months (including for the first lease year any partial month from the Commencement Date until the first day of the first full calendar month) and each successive 12 month period thereafter during the Term.

  • Maximum Annual Operating Expense Limit The Maximum Annual Operating Expense Limit with respect to each Fund shall be the amount specified in Schedule A based on a percentage of the average daily net assets of each Fund.

  • Minimum Salaries 12.1 The minimum base salary for all Bargaining Unit members shall be as follows: 12.2 The minima defined in this Article shall apply to AAUP-represented adjuncts on a pro-rated basis proportional to their percent of full- time.

  • Base Annual Salary “Base Annual Salary” means the greater of (1) the highest annual rate of base salary in effect for the Executive during the 12 month period immediately prior to a Change in Control or, (2) the annual rate of base salary in effect at the time Notice of Termination is given (or on the date employment is terminated if no Notice of Termination is required).

  • Contract Duration and Annual Salary 1. The College hereby employs the Administrator in the capacity of Director - Marketing Services, Associate Professor for one year, commencing on July 1, 2024 and terminating on June 30, 2025. The Administrator accepts such employment on the conditions hereinafter set forth, and any applicable provisions of the Board of Trustees Policy Manual. In the event of conflict between Board Policy and this Contract, the Contract shall govern. 2. For the 2024-2025 contract year, the Administrator shall receive an annual salary of $178,054.00 subject to applicable deductions, to be paid in bi-weekly installments as full compensation for all rights granted and service performed under this Contract.

  • Contract Year A twelve (12) month period during the term of the Agreement commencing on the Effective Date and each anniversary thereof.

  • Minimum Payment (a) Overtime worked on a Saturday or Sunday will be paid for at the rate of double Ordinary Rates. Employees required to work on a Saturday or Sunday will be afforded a minimum 4 hours work, or be paid as if for 4 hours at the aforementioned overtime rates.

  • Average Annual Compensation The Executive's "Average Annual Compensation" for purposes of this Agreement shall be deemed to mean the average level of compensation paid to the Executive by the Employers or any subsidiary thereof during the most recent five taxable years preceding the Date of Termination, including Base Salary and benefits and bonuses under any employee benefit plans of the Employers.

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