Reduction Schedule. The required amount of the Performance Bond shall be reduced in accordance with the following schedule as of December 31 of the year indicated so long as Franchisee has attained the “NYC Total” percentage of households passed required as of that date as set forth in Appendix F, except that the date for reduction in calendar year 2014 shall be June 30 of that year, subject to the same requirement. If Franchisee does not attain the “NYC Total” percentage of households passed required as of the date as set forth in Appendix F due to the triggering of one or more of the Checkpoint Extensions provided for in Section 5.1.2 or otherwise, then the required amount of the Performance Bond shall be reduced only when the “NYC Total” percentage of households passed thereafter is attained. 2008: Xxxxx-Five Million Dollars ($35,000,000) 2009: Thirty Million Dollars ($30,000,000) 2010: Twenty-Five Million Dollars ($25,000,000) 2011: Fifteen Million Dollars ($15,000,000) 2012: Ten Million Dollars ($10,000,000) 2013: Five Million Dollars ($5,000,000) 2014: One Million Dollars ($1,000,000)
Reduction Schedule. Provided that, as of each Reduction Date set forth below, there has not previously been nor is there then an Event of Default under this Lease, and provided further that, on or before the applicable Reduction Date, Tenant tenders to Landlord a replacement Letter of Credit or a certificate of amendment to the existing Letter of Credit, such that the existing Letter of Credit as so amended conforms in all respects to the requirements of this Article 39, in the amount of the applicable Letter of Credit Amount as of such Reduction Date, the Letter of Credit Amount shall be reduced in accordance with the following schedule: -------------------------------------------------- ---------------------------- Reduction Date Letter of Credit Amount -------------------------------------------------- ---------------------------- First Day of Month 37 of Primary Lease Term $300,000.00 -------------------------------------------------- ---------------------------- First Day of Month 49 of Primary Lease Term $200,000.00 -------------------------------------------------- ---------------------------- First Day of Month 61 of Primary Lease Term $100,000.00 -------------------------------------------------- ---------------------------- First Day of Month 73 of Primary Lease Term $0 -------------------------------------------------- ---------------------------- In the event the Letter of Credit Amount is reduced pursuant to this schedule, and provided that in the case the existing Letter of Credit is replaced, Tenant timely tenders the replacement Letter of Credit to Landlord in the form required in this section, Landlord shall exchange the Letter of Credit then held by Landlord for the replacement Letter of Credit tendered by Tenant. If the Letter of Credit Amount is not reduced as of any Reduction Date because Tenant is then in default, then such decrease shall be permitted after any such default is cured by Tenant pursuant to the terms of this Lease; provided that no such decrease shall occur if this Lease is terminated early as a result of any default by Tenant.
Reduction Schedule. Provided that Tenant is not in default of any of its obligations hereunder beyond any applicable cure period at the time of scheduled reduction hereunder, after the end of the 2nd Lease Year the Security Deposit Amount shall be reduced to the following amounts during the following periods:
Reduction Schedule. For the purposes of this Reserve, Chile may maintain until December 31, 2009 2000 tariff exemption measures under Article 3 of Law 18.483. Sector: Communications Subsector: Radio broadcasting, free-to-air television and television by cable or microwave Industrial Classification: Type of Reservation: National Treatment (Articles 4, Annex Investments and 11.03) Local presence (Article 11.06) Performance requirements (article 8, Annex Investments) Senior executives and Boards of Directors (Article 9, Investments Annex) Measures: Law 18.838, Official Gazette, September 30, 1989, National Television Council, Titles I, II and III. Law 18.168, Official Gazette, October 2, 1982, General Telecommunications Law, Titles I, II and III. Law 16.643, Official Gazette, September 4, 1967, on Advertising Abuses, Title I. Description: Cross Border Trade in Services and Investment Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may be holders of concessions of free reception radio broadcasting services, or make use thereof, in any capacity. The presidents, managers, administrators and legal representatives must be Chilean. In the case of Boards of Directors, foreigners may be members, provided they do not constitute a majority. Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may be holders of a concession of free reception television broadcasting services, or make use of it in any capacity whatsoever. The president, directors, managers, administrators and legal representatives of the legal entity that owns a commercial television broadcasting station must be Chilean nationals. The National Television Council may establish a general requirement of up to 40% of Chilean production in the programs broadcast by free-to-air television transmission service channels. Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may hold or use, under any title, permits for limited radio broadcasting telecommunication services. Only legal entities of public or private law, incorporated in Chile and domiciled in the country, may be holders of limited cable or microwave television service permits, or make use of them in any capacity whatsoever. The presidents, directors, managers, administrators and legal representatives shall be Chilean.
Reduction Schedule. None Sector: Professional Services Subsector: Engineering and technical Industrial Classification: CPC 8672 Engineering services 236 CPC 8673Integrated engineering services CPC 8675Engineering- related scientific and technological consulting services Type of Reservation: National Treatment (Article 11.03) Measures: Law 12.851, Official Gazette, February 6, 1958, Title II. Description: Cross-border trade in services Engineers and technicians graduated abroad and specially hired to perform a specific function in Chile shall obtain authorization from the respective professional association and shall be subject to its supervision and discipline.
Reduction Schedule. For investors and investments from Chile, the applicable threshold for the review of the acquisition of a Mexican company will be: a) US$50 million through December 31, 1999; b) US$75 million from January 1, 2000 through December 31, 2002; and c) US$150 million as of January 1, 2003. Beginning January 1, 2004, the thresholds will be adjusted annually according to the nominal growth rate of Mexico's Gross Domestic Product, as published by the National Institute of Statistics, Geography and Informatics. Sector: All sectors Subsector: Industrial Classification: Type of Reservation: National treatment (Article 9- 03) 252 Senior executives and boards of directors or boards of directors (article 9-08) Level of Government: Federal Measures: Political Constitution of the United Mexican States, Article 25 General Law of Cooperative Societies, Official Gazette, August 3, 1994, Title I, Sole Chapter. Foreign Investment Law, Official Gazette, December 27, 1993, Title I, Chapter III. Description: Investment No more than 10 percent of the members of a Mexican production cooperative may be foreigners. Foreigners may not hold management or general administration positions in cooperative societies.
Reduction Schedule. None Sector: Agriculture, livestock, forestry and logging activities Subsector: Agriculture, livestock or forestry Industrial Classification: CMAP 1111 Agriculture CMAP 1112 Livestock and hunting (limited to livestock) CMAP 1200 Forestry and logging Type of Reservation: National Treatment (Article 9-03) Level of Government: Federal Measures: Political Constitution of the United Mexican States, Article 27 Agrarian Law, Official Gazette, July 7, 1993, Titles V and VI. Foreign Investment Law, Official Gazette, December 27, 1993, Title I, Chapter III. Description: Investment Only Mexican nationals or Mexican companies may own land intended for agricultural, livestock or forestry purposes. Such companies must issue a special series of shares ("T" shares), which represent the value of the land at the time of acquisition. Investors of the other Party or their investments may only acquire up to 49 percent participation in the series "T" shares.
Reduction Schedule. An insured employee’s coverage will not terminate solely due to age. However, any Life Insurance Benefits payable for the employee age 70 and older shall be a percentage of the benefits otherwise payable. The premiums for the reduced Life Insurance Benefit are also reduced. The reduction schedule is as follows: Insured employee’s Age Benefit Percent Payable Age 70 through Age 74 65% Age 75 through Age 79 42% Age 80 through Age 84 28% Age 85 and older 15% APPENDIX D SOUTHERN XXXXX COMPENSATION MODEL Teacher compensation will be based upon performance with teachers earning units for specific performance in the following defined categories: Teacher evaluation (added to base) Experience (added to base) Education (added to base) Exemplary attendance (stipend) Extraordinary service (stipend) Teachers may earn four units in category one and one unit each in categories 2 through 5 for a total of eight units per year. Only teachers evaluated as Effective or Highly Effective are eligible to receive salary increases. Compensation units earned during a school year will be paid the following school year. Teachers must be under contract the following school year to be eligible for unit pay. For the 2015-2016 contract, teachers. who pay premiums for one of the offered health insurance plans, will be paid $125 for each unit earned during the 2014-2015 school year. Those teachers who do not pay any premium and do not participate in health insurance offering shall be given $225 for each unit earned. The amount earned from units from the evaluation rubric, professional growth points and years of experience shall be added to the base salary of the teacher’s 2015-2016 contract. The attendance and recognition units shall be awarded as a stipend. In the event it becomes necessary for a teacher to participate in an offered insurance plan, after they were paid $225 per unit, an equitable form of compensation will be reached between the teacher and Board. The base salary range is between $34,500 and $64,000. Teachers may not earn base salaries (including stipends) that exceed the base salary range regardless of units earned. Teachers in positions receiving extra days will have base salaries within the base salary range, but total salaries may exceed the maximum base salary due to compensation for extra days. The district reserves the right at any time to determine Academic Needs. Teaching areas that have been determined to be of Academic Need may have salary levels set at any point...
Reduction Schedule. An insured employee’s coverage will not terminate solely due to age. However, any Life Insurance Benefits payable for the employee age 70 and older shall be a percentage of the benefits otherwise payable. The premiums for the reduced Life Insurance Benefit are also reduced. The reduction schedule is as follows: Insured employee’s Age Benefit Percent Payable Age 70 through Age 74 65% Age 75 through Age 79 42% Age 80 through Age 84 28% Age 85 and older 15% APPENDIX F SOUTHERN XXXXX COMPENSATION MODEL Teacher compensation will be based upon performance with teachers earning units for specific performance in the following defined categories:
Reduction Schedule. An insured employee’s coverage will not terminate solely due to age. However, any Life Insurance Benefits payable for the employee age 70 and older shall be a percentage of the benefits otherwise payable. The premiums for the reduced Life Insurance Benefit are also reduced. The reduction schedule is as follows: Insured employee’s Age Benefit Percent Payable Age 70 through Age 74 65% Age 75 through Age 79 42% Age 80 through Age 84 28% Age 85 and older 15% APPENDIX F DURATION: This contract shall be effective from August 8, 2013 through June 30, 2014. The Southern Xxxxx Board Independent Southern Xxxxx of School Trustees Teachers Association Legally known as I.S.W.A.T., Inc. BY: BY: Date: Date: BY: BY:
