Tenure Mix Sample Clauses

Tenure Mix. Upon the completion of residential development, both market rate and affordable, it is estimated that approximately 27% of all housing units will be rental and approximately 73% of all housing units will be for sale. The privately-developed, market-rate housing program will feature a mix of rental and ownership units with approximately 15% rental and approximately 85% for-sale upon the completion of the final phase of vertical residential development. TICD will have flexibility to respond to market conditions by adjusting the tenure mix for the market rate units in the early phases so long as (i) the percentage of market rate rental units never falls below 10%, (ii) at all times there are sufficient rental units to accommodate the existing tenant households of the Islands, and (iii) the Project achieves the 15% market rate rental requirement for the entire Project by the end of the final vertical residential phase for market rate units, unless TICD can demonstrate to the Authority's reasonable satisfaction that it is not financially feasible to develop such market rate rental units based on a minimum residual land value target price to be established in the DDA. Notwithstanding the foregoing, so long as TICD delivers the applicable Developable Pads to TIHDI or the Authority and is otherwise in compliance with its obligations regarding affordable housing set forth in the DDA, if the tenure mix for the entire Project falls below the minimum requirements set forth in the DDA at any time due to TIHDI's or the Authority's failure to construct affordable units, TICD shall not be prevented from proceeding with further market-rate residential development.
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Related to Tenure Mix

  • Tenure The President, Treasurer and Secretary shall hold office in each case until he or she sooner dies, resigns, is removed or becomes disqualified. Each other officer shall hold office and each agent shall retain authority at the pleasure of the Trustees.

  • Employment Categories (a) Employees under this Agreement will be employed in one of the following categories: (i) full-time; (ii) part time; or (iii) casual. (b) At the time of engagement an employer will inform each employee whether they are employed on a full-time, part time or casual basis. An employer may direct an employee to carry out such duties that are within the limits of the employee’s skill, competence and training, consistent with the respective classification.

  • Number of Employees The Union and the Employer agree that no more than one (1) position in each program shall be covered by a Job Sharing Agreement at any one time. No more than two (2) employees may share one (1) full-time position. The position being shared shall remain a regular full-time position within the bargaining unit.

  • Longevity Any full-time employee who has completed ten years of continuous service shall be paid, in addition to his/her normal salary, the sum of $300.00 annually and an additional $300.00 for each additional five years of continuous service. An employee shall be eligible to receive this payment if his/her anniversary date is on or before December 1. The longevity payment shall be paid in the employee's first paycheck received in December. An employee who retires or terminates prior to December 1, but after his/her anniversary date, which is on or after December 2, will be entitled to the appropriate longevity payment upon retirement or termination.

  • Membership Benefits (1) Seat on the Buy California Board (2) Licensed use of the CA Grown logo by all commodity entities (3) Commodity products featured in BCMA campaigns

  • Longevity Pay If an employee leaves State Classified employment and later is rehired, he/she shall receive no longevity pay. However, once such a rehired employee has been in pay status for five (5) years, all previous service time shall be credited for longevity pay. The only exception shall be for employees rehired who repay severance pay received. (See Article 22, Section Q.)

  • EMPLOYEE CATEGORIES All employees fall into one or the other of four principal categories as outlined below.

  • Service Pay ‌ All regular employees shall be granted service pay in the amount of ten cents (10c/ ) per calendar day for each five (5) years of continuous service completed. After the first five (5) years of service, ten cents (10c/ ); after five (5) further years of service, an additional ten cents (10c/ ); and a like increase for each additional five (5) years of service completed.

  • Separation Compensation In exchange for your agreement to the general release and waiver of claims and covenant not to sue set forth below and your other promises herein, the Company agrees to provide you with the following:

  • General Scope of Services Contractor promises and agrees to furnish all labor, materials, tools, equipment, services, and incidental and customary work necessary to fully and adequately supply professional services, as more particularly described in Exhibit B (Statement of Work and Misc. Documents) attached hereto and incorporated herein by reference (collectively “Services”). All Services shall be subject to, and performed in accordance with, this Contract, the exhibits attached hereto and incorporated herein by reference, and all applicable local, state and federal laws, rules and regulations.

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