Common use of Reserve Clause in Contracts

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 trajectory that is not to exceed 90% of the current quota held by the Sector as adjusted by ACE 32 transfers. The remaining 10% is the minimum aggregate total of the Reserve which will be set aside 33 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 harvest of the Sector’s ACE. Specifications in this section for FY 2016 will be documented in Exhibit I 36 in accordance with NMFS guidance and schedule pertaining to bi‐annual operation plan 37 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 trajectory that is not to exceed 9095% of the current quota held by the Sector as adjusted by ACE 32 transfers. The remaining 105% is the minimum aggregate total of the Reserve which will be set aside 33 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 harvest of the Sector’s ACE. Specifications in this section for FY 2016 will be documented in Exhibit I 36 in accordance with NMFS guidance and schedule pertaining to bi‐annual operation plan 37 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 trajectory that is not to exceed 9095% of the current quota held by the Sector as adjusted by ACE 32 transfers. The remaining 105% is the minimum aggregate total of the Reserve which will be set aside 33 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 harvest of the Sector’s ACE. Specifications in this section for FY 2016 will be documented in Exhibit I 36 in accordance with NMFS guidance and schedule pertaining to bi‐annual bi-annual operation plan 37 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 15 trajectory that is not to exceed 90% of the current quota held by the Sector as adjusted by ACE 32 16 transfers. The remaining 10% is the minimum aggregate total of the Reserve which will be set aside 33 17 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 18 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 19 harvest of the Sector’s ACE. Specifications in this section for FY 2016 2022 will be documented in Exhibit I 36 20 in accordance with NMFS guidance and schedule pertaining to bi‐annual bi-annual operation plan 37 21 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 15 trajectory that is not to exceed 9095% of the current quota held by the Sector as adjusted by ACE 32 16 transfers. The remaining 105% is the minimum aggregate total of the Reserve which will be set aside 33 17 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 18 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 19 harvest of the Sector’s ACE. Specifications in this section for FY 2016 2018 will be documented in Exhibit I 36 20 in accordance with NMFS guidance and schedule pertaining to bi‐annual bi-annual operation plan 37 21 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 15 trajectory that is not to exceed 9095% of the current quota held by the Sector as adjusted by ACE 32 16 transfers. The remaining 105% is the minimum aggregate total of the Reserve which will be set aside 33 17 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 18 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 19 harvest of the Sector’s ACE. Specifications in this section for FY 2016 2018 will be documented in Exhibit I 36 20 in accordance with NMFS guidance and schedule pertaining to bi‐annual operation plan 37 21 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 15 trajectory that is not to exceed 90% of the current quota held by the Sector as adjusted by ACE 32 16 transfers. The remaining 10% is Sector will utilize the minimum aggregate total of previous fishing years carryover as the initial Reserve which will be set aside 33 prior 18 Reserve amount during the year to Harvest Share distribution to Membersdetermine whether the Reserve amount is sufficient on a stock- 19 by-stock basis. The Sector, through their Board, may modify the 34 RESERVE holdback percentages for 20 any or all stocks held by the Sector to prevent under or over 35 harvest of the Sector’s ACE. 21 Specifications in this section for FY 2016 2023 will be documented in Exhibit I 36 in accordance with NMFS 22 guidance and schedule pertaining to bi‐annual bi-annual operation plan 37 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 trajectory that is not to exceed 90100% of the current quota held by the Sector as adjusted by ACE 32 transfers. The remaining 100% is the minimum aggregate total of the Reserve which will be set aside 33 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 harvest of the Sector’s ACE. Specifications in this section for FY 2016 2024 will be documented in Exhibit I 36 in accordance with NMFS guidance and schedule pertaining to bi‐annual bi-annual operation plan 37 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 14 trajectory that is not to exceed 90% of the current quota held by the Sector as adjusted by ACE 32 15 transfers. The remaining 10% is sector will utilize the minimum aggregate total of previous fishing years carryover as its the Reserve which will be 16 set aside 33 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify 17 the 34 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 18 harvest of the Sector’s ACE. Specifications in this section for FY 2016 2018 will be documented in Exhibit I 36 19 in accordance with NMFS guidance and schedule pertaining to bi‐annual operation plan 37 submissions.

Reserve. For each stock held by the Sector, the quota release program will utilize an initial target 31 14 trajectory that is not to exceed 90% of the current quota held by the Sector as adjusted by ACE 32 15 transfers. The remaining 10% is the minimum aggregate total of the Reserve which will be set aside 33 16 prior to Harvest Share distribution to Members. The Sector, through their Board, may modify the 34 17 RESERVE holdback percentages for any or all stocks held by the Sector to prevent under or over 35 18 harvest of the Sector’s ACE. Specifications in this section for FY 2016 2018 will be documented in Exhibit I 36 19 in accordance with NMFS guidance and schedule pertaining to bi‐annual operation plan 37 submissions.