Threshold Qualifications Sample Clauses
The Threshold Qualifications clause sets minimum standards or criteria that must be met before certain rights, obligations, or actions under an agreement become effective. Typically, this clause applies to financial metrics, performance benchmarks, or other quantifiable measures that a party must achieve, such as a minimum revenue level or compliance with specific regulatory requirements. Its core practical function is to ensure that only parties who meet these predefined qualifications can benefit from or be subject to particular provisions, thereby managing risk and maintaining fairness in contractual relationships.
Threshold Qualifications. A retiring Teacher shall, pursuant to Minn. Stat. Section 122A.48, be eligible for a severance benefit, provided that the Teacher has accumulated sufficient sick leave under the Benefit Formula of Article X (J) and a. has reached the age of fifty-five (55) during the year (July 1 - June 30) after the completion of which the Teacher is eligible, and
Threshold Qualifications. A retiring Teacher shall be eligible for a severance benefit, provided that the Teacher has accumulated sufficient sick leave under the Benefit Formula of Article XV (A) (3) and
a. has reached the age of fifty-five (55) during the year (July 1 - June 30) after the completion of which the Teacher is eligible for severance, and
b. has twenty (20) or more years of full-time credited teaching service with ▇▇▇▇▇▇▇, or
c. has twenty (20) or more years of less-than-full-time credited teaching service with ▇▇▇▇▇▇▇, in which case, the Teacher shall receive a prorated, part-time, yearly severance incentive based on the mean of the top twenty (20) years of contracted service multiplied by the Base-Compensation (Appendix A) in the Teacher’s last year of teaching. (Note: Unpaid leaves of absence will not be credited towards meeting the twenty (20)-year, teaching-experience requirement.)
Threshold Qualifications. Every Seller, before entering a contract with the City, must demonstrate the following:
Threshold Qualifications. A retiring Teacher shall, pursuant to Minn. Stat. Section 122A.48, be eligible for a severance benefit, provided that the Teacher has accumulated sufficient sick leave under the Benefit Formula of Article XV (A) (3) and
a. has reached the age of fifty-five (55) during the year (July 1 - June 30) after the completion of which the Teacher is eligible, and
b. has fifteen (15) or more years of full-time teaching experience with the Employer, or
c. has fifteen (15) or more years of less-than-full-time teaching experience with the Employer, in which case, such Teacher shall receive a prorated, part-time, yearly severance incentive based on the mean average of the top fifteen (15) years of contracted service multiplied by the Base-Compensation-Chart placement in the Teacher’s last year of teaching. (Note: Unpaid leaves of absence will not be credited towards meeting the fifteen (15) - year, teaching-experience requirement.)
Threshold Qualifications. Must be licensed to practice law in the State of New Jersey (25 points)
Threshold Qualifications. Every Contractor, before entering a contract with the City, must demonstrate the following: