Minimum Threshold. In Section 1 (Separation incentive Program Description) of the original LOA, the following provision shall be deleted: The parties to this LOA agree that a minimum of one thousand three hundred (1,300) eligible employees must successfully enroll in the SIP in order for the SIP to be implemented. If the minimum 1,300 threshold is not met, the SIP will not be implemented. The SIP shall be implemented with no minimum participant requirement. ENROLLMENT/RESCISSION PERIODS An additional SIP enrollment period is established. The SIP will re-open enrollment to eligible employees for a two week period beginning September 8,2020, at 9 a.m. and ending September 22,2020, at 3 p.m. Eligible employees shall be defined consistent with the original agreement. Newly enrolling employees shall be permitted to rescind SIP applications filed during this two week enrollment by 3:00 p.m. of the day which falls seven (7) business days after they have submitted a completed SIP application, but in no event later than 3:00 PM on September 29,2020. Employees who have already enrolled In the SIP during the original enrollment period and whose original rescission period has expired will be allowed to rescind SIP applications from Tuesday, September 8, 2020, at 9:00 a.m. through Thursday, September 10,2020, at 3:00 p.m. Completed Application and Rescission forms must be submitted to the Office of the CAO as described in die original agreement. Updated Application and Rescission forms are attached to this agreement and shall be made available electronically on the CAO's website. For the MCIA: For the City: Xxxxxxx Xxxxxxxxxx, President Xxxxxxx X. Xxxxxxxxx, Xx. City Administrative Officer % 2~7-Zd 3 12o 2j D Date Da Approved as to Form and Legality: fee, Office of the City Attorney
Minimum Threshold. Each Party’s obligations under this Letter Agreement will extend until, and terminate upon, the earlier to occur of (i) such time as the Mantle Ridge Group’s Economic Ownership Position (as defined below) with respect to the Company’s Common Stock ceases to represent at least two percent (2.0%) of the outstanding Common Stock (excluding the effects of any issuance of shares by the Company or similar transaction that increases the number of outstanding shares of Common Stock) and (ii) the end of the first consecutive twelve (12)-month period after the date of this Letter Agreement for the entirety of which the Mantle Ridge Group’s Net Long Position (as defined below) with respect to the Company’s Common Stock ceases to represent at least two percent (2.0%) of the outstanding Common Stock (excluding the effects of any issuance of shares by the Company or similar transaction that increases the number of outstanding shares of Common Stock); provided, that, Section 4 shall continue in full force and effect until the date that is twelve (12) months after the date that a Mantle Ridge Director no longer serves as a director of the Company.
Minimum Threshold. No adjustment in the Purchase Price will be required unless such adjustment would require an increase or decrease of at least 1% in the Purchase Price; and any adjustments which by reason of this Section 11(e) are not required to be made will be carried forward and taken into account in any subsequent adjustment. All calculations under this Section 11 will be made to the nearest cent or to the nearest one ten-thousandth of a share of Preferred Stock or Common Share or other share or security as the case may be. Any adjustment required by this Section 11 will be made no later than the earlier of (A) three years from the date of the transaction which requires such adjustment or (B) the date of the expiration of the right to exercise any Rights.
Minimum Threshold. To the extent that the Plan for a Granted Country includes a minimum threshold, and such minimum threshold is not achieved within the specified time period, will result in the termination of NeoVenta’s exclusive rights to market in such Granted Country, but will not result in the termination of NeoVenta’s rights to market in such Granted Country on a non-exclusive basis.
Minimum Threshold. 50% of the product of Executive’s Personal Factor multiplied by Executive’s Annual Base Salary;
Minimum Threshold. If Reseller shall fail to have and maintain a ----------------- minimum of _______ pager numbers assigned within _____ months of this Agreement, PageNet may terminate this Agreement at its sole discretion. Prior to termination, Reseller shall be granted the option of accepting billing and paying for a minimum of such amount of pager numbers per Exhibit A.
Minimum Threshold. The Purchaser Parties, Newco and their respective officers, directors, employees or agents shall not be entitled to receive any Escrow Securities or other property comprising the Escrow Fund, and shall not otherwise be entitled to any indemnification under the Escrow Agreement, unless and until one or more of them have made claims for indemnification in the manner provided in the Escrow Agreement specifying Losses in an aggregate amount of not less than $50,000, in which case such Persons shall be entitled to be indemnified out of the Escrow Fund in the manner provided in the Escrow Agreement for the full amount of any and all Losses, including the initial Losses up to such $50,000 threshold.
Minimum Threshold. 1.00 to 1.00 for each Fiscal Quarter beginning with the Fiscal Quarter ending September 30, 2018 through the Fiscal Quarter ending June 30, 2021
Minimum Threshold. 4. A Member's RSP Group must achieve a contract spend of One Million Dollars ($1,000,000.00) excluding HST (the "Threshold Amount") in a twelve (12) month period commencing February 1, 2014 (a "Program Year") under the Volume Discount Program for each RSP Member of that RSP Group to qualify for a share of revenue from VDP Vendors ("Revenue Share"). If the Threshold Amount is not met, no Revenue Share will be paid out by SGP to the RSP Members in such RSP Group in respect of purchases made during that Program Year.
Minimum Threshold. If Excel shall fail to have and maintain a ----------------- minimum number of ten thousand (10,000) pager numbers assigned within six (6) months of the commencement of Services, PageMart may terminate this Agreement in its sole discretion. Prior to termination, Excel shall be granted the option of accepting billing and payment for a minimum number of such amount of pager numbers per Exhibit A.
