Tier 2 CPs Sample Clauses

Tier 2 CPs. The Tier 2 Seller’s CP shall be deemed satisfied upon delivery by Seller to Buyers of a written notice stating that Seller has achieved all Tier 2 Seller’s CPs (the “Seller’s Tier 2 CP Confirmation Notice”). If the Seller’s Tier 2 CP Confirmation Notice is not delivered by December 31, 2022, either Party deliver a termination notice to the other Party (a “Tier 2 CP Termination Notice”) with such termination effective on the date sixty (60) Days following such Tier 2 CP Termination Notice unless, before the expiration of such sixty (60) Day period, Seller delivers the Seller’s Tier 2 CP Confirmation Notice, in which case the Tier 2 CP Termination Notice shall be automatically rescinded and this Agreement shall continue in full force and effect. Seller may provide a Tier 2 CP Termination Notice with immediate effect at any time prior to March 1, 2023 if it reasonably determines that any Tier 2 Seller’s CPs will not be achieved by March 1, 2023.
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Related to Tier 2 CPs

  • Reallocation to a Class with a Higher Salary Range Maximum Upon appointment to the higher class, the employee’s base salary will be increased to a step of the range for the new class that is nearest to five percent (5.0%) higher than the amount of the pre-promotional step, or to the entry step of the new range, whichever is higher.

  • Reallocation to a Class with a Lower Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position and chooses to remain in the reallocated position, the employee retains existing appointment status and has the right to be placed on the Employer’s internal layoff list for the classification occupied prior to the reallocation.

  • Current Salary Level An employee who accepts another position with his or her current salary range will retain his or her current salary.

  • Lower Salary Level An employee who accepts another position with a lower salary range will be paid an amount equal to his or her current salary, provided it is within the salary range of the new position. In those cases where the employee’s current salary exceeds the maximum amount of the salary range for the new position, the employee will be compensated at the maximum salary of the new salary range.

  • Education Level Use the employee educational level codes listed below. Code Short Description Long Description (If Applicable) 1 No formal education or some elementary school--did not complete 2 Elementary school completed--no high school Elementary school means grades 1 through 8, or equivalent, not completed. Grade 8 or equivalent completed. 3 Some high school--did not graduate High school means grades 9 through 12, or equivalent.

  • Salary Schedule Progression Employees shall progress from step to step in salary grade on the basis of satisfactory job performance based upon established standards of performance. Seasonal employee's initial anniversary date shall be established after being in pay status for two thousand eighty (2,080) hours. Such date shall then be used for annual performance evaluation and step progression consideration. When an employee's anniversary date falls on any day from the first day of a pay week through Wednesday of the pay week, the employee's merit increase shall be effective as of the first day of the pay week within which the anniversary date falls. Otherwise, the merit increase shall be effective on the first day of the next pay week. Grievances arising from the denial of merit increases shall not be arbitrable under this Agreement but shall be processed as follows:

  • Reallocation to a Class with an Equal Salary Range Maximum 1. If the employee meets the skills and abilities requirements of the position, the employee remains in the position and retains existing appointment status.

  • Instructions for Certification - Lower Tier Participants (Applicable to all subcontracts, purchase orders and other lower tier transactions requiring prior FHWA approval or estimated to cost $25,000 or more - 2 CFR Parts 180 and 1200)

  • Salary Scale The salary scale applicable to Employees shall be set out hereinafter in the Wage Schedule.

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

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