NOTIFICATION & AWARD Sample Clauses

NOTIFICATION & AWARD. The COUNTY shall receive, open and evaluate all bids and award the contract concurrently for the combined UTILITY’s Water and Wastewater Facilities Work and the COUNTY’s Road Work. The cost of such bidding process shall be at the sole expense of the COUNTY. The COUNTY will not award the JOINT PROJECT without prior review and acceptance by the UTILITY of the UTILITY’s Water and Wastewater Facilities Work portion of the bid and issuance of a UTILITY purchase order. The UTILITY shall notify the COUNTY of its acceptance of the COUNTY’s selection, in writing, within ten (10) days of receipt of notice, including the UTILITY’s intent to exercise any options permitted by this paragraph. The notice to the UTILITY by the COUNTY shall include the amount of the UTILITY’s Water and Wastewater Facilities Work listed separately. The UTILITY understands and agrees that the COUNTY intends to award the contract to the lowest responsive and responsible bidder for the combined COUNTY’s Road Work and UTILITY’s Water and Wastewater Facilities Work; however, the COUNTY reserves the right to select and award the contract based on the lowest responsive and responsible bid for either the COUNTY’s Road Work or the UTILITY’s Water and Wastewater Facilities Work. However, before the COUNTY considers awarding the contract to the lowest responsive and responsible bidder for the UTILITY’s Water and Wastewater Facilities Work, the UTILITY shall submit a formal written request to the COUNTY agreeing to pay any difference between the bid for the COUNTY’s Road Work associated with the UTILITY’s selection, and the lowest responsive and responsible bid for the COUNTY’s Road Work. Regardless of the bid selected, the COUNTY will not award the JOINT PROJECT without receipt of a UTILITY purchase order. The COUNTY and the UTILITY acknowledge that the COUNTY’s bidding documents include a provision that subcontractors will be subject to review as to their competency prior to award of the contract, and shall be one of the considerations in determining the lowest responsible bidder.
Sample 1
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Related to NOTIFICATION & AWARD

  • Notification of Award 2.28.1 Prior to the expiration of the period of tender validity, the Procuring entity will notify the successful tenderer in writing that its tender has been accepted. 2.28.2 The notification of award will constitute the formation of the Contract but will have to wait until the contract is finally signed by both parties 2.28.3 Upon the successful Tenderer’s furnishing of the performance security pursuant to paragraph 2.28, the Procuring entity will promptly notify each unsuccessful Tenderer and will discharge its tender security, pursuant to paragraph 2.14

  • Performance Assurance Seller agrees to deliver to Buyer Performance Assurance in a form acceptable to Buyer to secure its obligations under this Agreement, which Performance Assurance Seller shall maintain in full force and effect for the period posted with Buyer, as follows:

  • Stock Option Award In the event of Employee’s involuntary Termination of Employment without Cause or Termination of Employment due to a resignation by Employee for Good Reason that, in either case, occurs on or before the second anniversary of a Change in Control, the Stock Option Award shall become exercisable immediately (whether or not previously exercisable) and shall remain exercisable for the three year period following such Termination of Employment. For this purpose, “Good Reason” has the same meaning determined by Employee’s written employment agreement in effect on the Grant Date. In the event there is no such agreement or definition, then Good Reason means the initial existence of one or more of the following conditions, arising without the consent of the Employee: (1) a material diminution in Employee’s base compensation; (2) a material diminution in Employee’s authority, duties, or responsibilities, so as to effectively cause Employee to no longer be performing the duties of his position; (3) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Employee is required to report.

  • Performance Award You are hereby awarded, on the Grant Date, a Performance Award with a target value of [AMOUNT].

  • Notice of Award PEI may use a Notice of Award to announce, modify, or clarify the annual Grant budget, source of funding, Performance Measures, QIP terms, or other Grant requirements.

  • NOTICE OF STOCK OPTION GRANT Name: Address:

  • Service Award Named Plaintiff may apply to the Court for a service award of up to ten thousand dollars ($10,000). Subject to the Court’s approval, the service award shall be paid from the Settlement Fund ten (10) days after the Effective Date.

  • Performance Share Award If your Award includes a Performance Share Award, and you voluntarily terminate your employment prior to the end of the Performance Period, you will forfeit your entire Performance Share Award. 

  • Incentive Award The three (3) year rolling average of earnings growth and Return On Equity (the "XXX") and determined as of December 31 of each plan year shall determine the Director's Incentive Award Percentage, in accordance with the attached Schedule A. The chart on Schedule A is specifically subject to change annually at the sole discretion of the Company's Board of Directors. The Incentive Award is calculated annually by taking the Director's Annual Fees for the Plan Year in which the XXX and Earnings Growth was calculated times the Incentive Award Percentage.

  • Award Award shall be made on an all-or-none total estimated bid basis to the lowest responsive and responsible Bidder.

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