Phase V. As used herein, “Phase V” shall mean acceptance testing of IVD Instrument and release for manufacturing.
Phase V. In Phase V, Consultant will: • Work with the District and the new superintendent to establish performance objectives for the superintendent. • Provide a guarantee.** (Length of guarantee period: two (2) years). **The Consultant will provide the following guarantee: Consultant will repeat the process at no additional charge, except for all actual expenses. The guarantee will be valid if: • If the candidate ultimately selected by the District ends their employment with the District within the above-referenced guarantee period. • If the District contracts for the Consultant’s services through Phase V. • If the district makes timely payments to the Consultant. • The Phase V meeting is held within four (4) months of the start date of the candidate. • The board has retained fifty (50) percent or more of the same membership that hired the candidate. If the District chooses not to hold the meeting to Establish Performance Objectives for the new superintendent, the guarantee is null and void.
Phase V. “Phase V” of the Project shall be defined as set forth in the Whereas clauses to this Financial Agreement.
Phase V. The Landlord acknowledges that it is the desire of the Tenant to additionally develop another Phase within the Premises (in addition to the currently contemplated four Phases as otherwise contemplated hereby). The boundaries and scope of any such fifth Phase is yet to be determined and would depend upon various factors yet to be known and/or determined. In this context, the Landlord agrees that, upon and after the Tenant has fully completed and has ongoing operation of all of Phases I, II, III and IV, the Landlord (by and through its staff/administration in coordination and consultation with Tenant) shall in good faith and best efforts review and consider the establishment of a Phase V: i) upon which the Tenant would develop an additional Building or Buildings and/or further improvements similar to the other then existing completed Phases; and ii) which would be configured out of one or more of the other then existing Phases and the boundaries of each adjusted accordingly at such time. Upon further and future approval of the Board of Trustees of Landlord (to which any addition and/or incorporation of such a Phase V is expressly subject and conditioned) the Landlord and Tenant shall enter into a Board approved amendment to this Lease which shall then and thereafter collectively constitute this Lease.
