Qualifications for vesting Sample Clauses

Qualifications for vesting a. At the time of the request must be a firefighter/paramedic and, b. The employee must have completed five (5) years of service as a paramedic by the time of the employee’s departure from the program (from time of certification to the time of departure from the program) and, c. The employee must submit a letter to the Chief of the Department requesting vesting benefits by April 1st for vesting July 1 of the following year and, d. The employee is not currently subject, at the time of request for vesting, to any form of sanction, suspension, or disciplinary action.
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Qualifications for vesting. The Stock Options shall have the right to be activated for cumulative vesting by the Executive for all events meeting the qualifications for vesting requirements shown below after the Executive, Parent, and Company has entered into this Employment Contract as follows, 35,000 Options qualify the first year the annual revenue of the Company exceeds $3,000,000 plus 50,000 Options qualify the first year the annual revenue of the Company exceeds $6,000,000 plus 75,000 Options qualify the first year the annual revenue of the Company exceeds $12,000,000 plus 100,000 Options qualify the first year the annual revenue of the Company exceeds $20,000,000 plus _______ _______ 2 35,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $500,000 plus 50,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $1,000,000 plus 75,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $2,000,000 plus 100,000 Options qualify each year when the adjusted annual EBIDTA of the Company exceeds $3,000,000
Sample 1
Qualifications for vesting. The Stock Options shall have the right to be activated for vesting by the Executive for all events meeting the qualifications for vesting requirements shown below after the Executive, Parent, and Company has entered into this Employment Contract as follows, 50,000 Options qualify when the annual revenue of the Company exceeds $3,000,000 75,000 Options qualify when the annual revenue of the Company exceeds $6,000,000 100,000 Options qualify when the annual revenue of the Company exceeds $12,000,000 125,000 Options qualify when the annual revenue of the Company exceeds $20,000,000 50,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $500,000 75,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $1,000,000 100,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $2,000,000 125,000 Options qualify when the adjusted annual EBIDTA of the Company exceeds $3,000,000 50,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $1.00 positive 75,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $500,000 100,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $1,000,000 125,000 Options qualify when the adjusted annual EBIDTA of Parent exceeds $5,000,000 _______ _______ -2-
Sample 1

Related to Qualifications for vesting

  • Qualifications for Voting To be entitled to vote at any meeting of Holders a Person shall (a) be a Holder of one or more Notes on the record date pertaining to such meeting or (b) be a Person appointed by an instrument in writing as proxy by a Holder of one or more Notes on the record date pertaining to such meeting. The only Persons who shall be entitled to be present or to speak at any meeting of Holders shall be the Persons entitled to vote at such meeting and their counsel and any representatives of the Trustee and its counsel and any representatives of the Company and its counsel.

  • QUALIFICATION OF BIDDERS BID PACKAGE REQUIREMENTS:

  • Minimum Qualifications If applicable pursuant to Article 3, I acknowledge that the Bidder meets the minimum qualification requirements established for this solicitation.

  • STAFF QUALIFICATIONS CONTRACTOR shall ensure that all individuals employed, contracted, and/or otherwise hired by CONTRACTOR to provide classroom and/or individualized instruction or related services hold a license, certificate, permit, or other document equivalent to that which staff in a public school are required to hold in the service rendered consistent with Education Code section 56366.1(n)(1) and are qualified pursuant to Title 34 of the Code of Federal Regulations sections 200.56 and 200.58, and Title 5 of the California Code of Regulations sections 3001(y), 3064 and 3065. Such qualified staff may only provide related services within the scope of their professional license, certification or credential and ethical standards set by each profession, and not assume responsibility or authority for another related services provider or special education teacher’s scope of practice. CONTRACTOR shall ensure that all staff are appropriately credentialed to provide instruction and services to students with the disabling conditions placed in their program/school through documentation provided to the CDE (5 CCR 3064 (a)).

  • Selection Based on Consultants’ Qualifications Services estimated to cost less than $100,000 equivalent per contract may be procured under contracts awarded in accordance with the provisions of paragraphs 3.1, 3.7 and 3.8 of the Consultant Guidelines.

  • Foreign Qualifications An officer of the Company shall execute, deliver and file any certificates (and any amendments and/or restatements thereof) necessary for the Company to qualify to do business in any foreign jurisdiction in which the Company may wish to conduct business.

  • Professional Qualifications It shall be a condition of continued professional employment that employees must apply for enrolment in their appropriate professional licensing body by the thirtieth day of continuous service.

  • Required Qualifications At all times during the term of the Contract, Vendor shall have available, under direct employment and supervision and/or subcontract agreement fully incorporating the terms and conditions of the Contract Documents, the required qualified and properly licensed (as applicable) personnel to properly fulfill all the terms and conditions of the Contract.

  • Qualification and Taxation as a REIT The Company will use its best efforts to continue to meet the requirements for qualification and taxation as a REIT under the Code for its taxable year ending December 31, 2016, and the Company will use its best efforts to continue to qualify for taxation as a REIT under the Code unless and until the Company’s board of trustees determines in good faith that it is no longer in the best interests of the Company and its shareholders to be so qualified.

  • What Are the Qualifications for Charitable Donations The Pension Protection Act of 2006 allows Xxxx XXX holders who are RMD age or older at the time of a distribution to annually exclude qualified charitable distribution amounts up to $100,000 per year from gross income. The provision was made permanent by the PATH Act of 2015. A qualified charitable distribution must be made payable directly to the qualified charity as described in Section 170(b) of the Internal Revenue Code. Distributions from SEP or SIMPLE IRAs do not qualify for this type of designation.

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