Subsequent Contract Years. Subsequent Contract Years shall be ------------------------- each successive twelve month period beginning January 1 and ending December 31 during the Term of the Agreement.
Subsequent Contract Years. Subject to Section 3.2 below, for each of the first ten (10) Contract Years during the Term, the GMPR shall be Ten Million United States Dollars ($10,000,000 USD) payable pursuant to Section 3.5 below. For the remainder of the Term (i.e., after the first 10 Contract Years), there shall not be GMPRs and, subject to the terms and conditions contained herein, Company shall be entitled to the actual earned Participation Rights for such Contract Year(s) except for any GMPR Shortfall (as hereinafter defined) that may be carried from prior Contract Years pursuant to Section 3.3.
Subsequent Contract Years. The Annual Base Salary and Bonus Compensation for each calendar year after calendar year 2006 shall be set by the Company’s Executive Compensation Committee but shall not be less than an Annual Base Salary of $210,000.00.
Subsequent Contract Years. Following the tenth Contract Year Seller will deliver to Buyer hereunder whatever quality of Concentrates Seller produces from its then existing mining and concentration facilities, subject to the condition that Seller will not ship to Buyer any worse quality Concentrates (with normal, reasonable variations permitted) than it ships to Seller's other significant customers (i.
Subsequent Contract Years a) For the second through to the fifth contract year, Buyer agrees to purchase a minimum quantity equal to 107.5% of the total minimum quantities in effect for the preceding Contract Year.
b) In order for the Buyer to maintain exclusivity of the Products in the Territory, the Buyer agrees to purchase the minimum annual quantities for the US and for the Country Groups and countries set forth on Schedule E as set forth in Sections 3.1 and 3.2, respectively, and under the terms set forth in this Agreement. If the Buyer fails to meet the minimum annual quantities as set forth in Sections 3.1 and 3.2, the Buyer's exclusivity right in the US and/or the Country Groups and countries set forth on Schedule E, respectively, will automatically revert to Vivier.
4. PRICE; PAYMENT, MARKETING RESPONSIBILITY;
Subsequent Contract Years. 4.1.a. The number and value of the journal titles included in the Database may materially change in subsequent Contract Years.
4.1.x. Xxxxx will submit to the Customer by September 1 of the current Contract Year a list of the online editions of all journals in the Database that will be made available on Wiley Online Library (or any successor platform) in the following Contract Year including all confirmed new and transfer journal titles. For journal titles that are transferred out of the Database, Wiley will use all reasonable efforts to comply with the Transfer Code of Practice or to the then-prevailing industry standard.
4.1.c. In the event of a material change on the number and value of the journal titles included in the Database that could affect the Database Fee, the parties shall negotiate in good faith an appropriate amount as a fair compensation for such material change.
Subsequent Contract Years. The Guaranteed Benefit Base for the tenth contract year, and thereafter, is equal to the greater of (1) and (2), as follows:
Subsequent Contract Years. The Guaranteed Remaining Benefit Amount for all contract years thereafter is equal to:
Subsequent Contract Years. The Fee for the second Contract Year and subsequent Contract Years during the Contract Term will be determined by: The cost of any Changes to the Specification of the Services as a result of the Annual Review Meeting as set out in Clause 12 (Performance Management) of the Agreement; and Any other additional cost or reduction in cost agreed between the Parties to reflect the funding requirements of the Mutual to provide the Services and the resources available to the Council to meet those funding requirements. Notwithstanding paragraph 1 of Part 2 of this Schedule 3, the Fee agreed between the Parties for each Contract Year will not be below an amount 5% lower than the Fee for the previous Contract Year unless otherwise agreed between the Parties in writing. In calculating the percentage reduction in the Fee the Parties will take into account any increases in the cost to the Mutual of delivering the Services. In determining the Fee for the second Contract Year and subsequent Contract Years during the Contract Term the Parties will agree in writing a Payment Schedule for the payment of the Fee for the relevant Contract Year. The Council will agree a timetable with the Mutual each year to consider the impact of their respective financial plans, the government funding available to the Council and the Services being provided by the Mutual. This may include other matters that may impact on the cost and funding of the Services in accordance with the Agreement in order to ensure that the Mutual can prepare a detailed budget for the next financial year which will enable agreement by the Parties as to the amount of the Fee for the next Contract Year by no later than 3 calendar months prior to the commencement of the next Contract Year, or by such other deadline as may be agreed by the Parties in writing.
Subsequent Contract Years. Beginning with the Contract Year following the First Contract Year and continuing each Contract Year thereafter, including any Holdover period, the MAG will equal the greater of the initial MAG or eighty-five percent (85%) of the total Privilege Fees payable in the prior Contract Year. The MAG applicable to the last Contract Year of this Contract will be pro-rated if such Contract Year is less than twelve (12) months.
