Standby Period. A standby period will be defined as a 24-hour period beginning at the start of the scheduled workday to the start of the work schedule the next day. When the next day is not scheduled, the standby period starts with the end of the last day scheduled continuing in 24-hour increments until the next scheduled day.
Standby Period. Standby period shall be from termination of normal work period on Friday to commencement of work period on the following Friday.
Standby Period. The Parties agree that there shall be a “Stand By Period whereby certain objectives or conditions need to be met as indicated below, They are;
9.1.1 BUYER shall intends within 12 months of the execution of this Agreement petition to have its common shares up-listed to a national recognized exchange such as the NASDAQ or NYSE/AMEX Exchange(s) who’s minimum requirement for listing includes, among other things, a requirement of a minimum $4.00 stock price quotation (“UP-LIST”); and
9.1.2 BUYER shall invest at least $50,000 into Target within 60 days of the closing of this transaction to facilitate moving the TARGET production facility to the Salt Lake City, Utah area and the costs for the reinstatement of the TARGET subsidiaries.; and,
9.1.3 BUYER shall invest a further minimum of $150,000 in Target during the first 12 months after closing ; and,
9.1.4 BUYER may invest a further $200,000 in TARGET in the 13 to 24 month period following closing if TARGET meets certain financial requirements in the first 12 month period per 9.1.5 herein below;
9.1.5 Financial objectives: Subsequent to Closing SELLER shall submit to BUYER and BUYER will approve the operating Budget for each of the two periods below. And upon approval and subject to funding by BUYER, SELLER represents that TARGET will meet or exceed the following financial milestones.
9.1.5.1 Subject to the investment by BUYER of $150,000 in capital pursuant to 9.1.3 TARGET shall have 12 month revenue of $1.4 million dollars and an EBITDA of $300,000.
9.1.5.2 Subject to the investment by BUYER of an additional $200,000 in capital pursuant to 9.1.4 TARGET shall in the 13 to 24 month period have revenue of at least $3 million dollars and earn an EBITDA of $750,000.
Standby Period. The standby list commitment term shall be seven (7) consecutive days.
Standby Period. The Parties agree that there shall be a “STANDBY PERIOD” lasting from the date of the execution of this Agreement until the Closing of this Transaction whereby certain objectives or conditions need to be met as indicated below or the transaction may be VOID AND rescinded upon the option of SELLER following written notice and a failure to cure by BUYER during a 30 day Cure period, They are;
Standby Period. All those hours spent on call during a twenty-four (24) hour period established by the department/section.
Standby Period. The standby period shall be from 4:30 pm Friday to 8:30 am the following Friday.
Standby Period. The normal standby period begins at 3:30 p.m. on any given day and ends the following day at 7:00 a.m. The schedule will be determined by the Operations Manager as described above and may include daily, consecutive days, or groups of consecutive days.
Standby Period. Overtime ........................................................................................................................................... .. ..... ..... .....
Standby Period. The Parties agree that there shall be a “Stand By Period” lasting from the date of the execution of this Agreement until the Closing of this Transaction whereby certain objectives or conditions need to be met as indicated below or the transaction may be VOID AND rescinded upon the option of SELLERS following written notice and a failure to cure by BUYER during a 30 day Cure period, They are; re: RED WIRE GROUP, LLC Between: 12 ReTech, & the Members of RED WIRE GROUP, LLC January 12, 2019
