Utilization Requirement Sample Clauses

Utilization Requirement. Supplier must use commercially reasonable efforts to meet a minimum Utilization Requirement of [*****] annually over the term of this Exhibit H. Supplier will satisfy the Utilization Requirement through the use of Certified Diverse Suppliers and may include its subcontractors who do not provide services or deliverables under this Exhibit H in calculating its aggregate Certified Diverse Supplier procurement spend for this Exhibit H.
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Utilization Requirement. Each year the employee must utilize at least half (1/2) of the PLT earned that calendar year. Employees will not lose their PLT (excess of three hundred and fifty (350) hours) if they make a timely request for PLT but the Hospital is unable to accommodate the request. Employee will be permitted to take at least two (2) consecutive weeks of PLT each year with Department Manager approval. PLT requests must be approved in advance by the employee’s Department Manager or appropriate management staff member. PLT may be used to compensate for a reduction in hours, but is not required. PLT may not be used to increase hours of pay beyond the employee’s FTE, excluding overtime. PLT will be used to supplement an employee’s hours up to the employee’s FTE or for any missed shifts. If an employee works any part of their shift, they are not required to use any PLT for that shift. Employees may elect not to use PLT for Low Census days. Shifts given to another employee: It is not mandatory to use PLT for shifts given to another employee so long as the shift covered does not cost the hospital additional money and is approved by management. To be eligible for payment, PLT hours must be recorded on the employee’s timesheet; this is the employee’s responsibility. PLT will be paid at the employee’s regular straight-time rate of pay. Regular rate of pay excludes premium pay and differential pay, etc. While an employee will accrue PLT during the first six (6) months of employment, the employee has not earned the PLT until after the first six (6) months of employment and may not take PLT during this time. The maximum amount of PLT which can be earned is based on a 1.0 FTE, (2080 hours). When the maximum is reached in any one (1) calendar year, no further PLT is earned. The maximum amount of PLT that can be banked is three hundred and fifty (350) hours. PLT in excess of this amount may be paid out at eighty percent (80%). This will paid at biannual dates designated by the Hospital. An employee who has over two hundred (200) PLT hours earned may volunteer to transfer the PLT hours in excess of two hundred (200) hours to another regular full time or part time employee who has depleted their PLT and Major Medical. PLT may be transferred in multiples of eight (8) hours. All transferred hours (for only medical or personal tragedy) shall be paid at the receiving employee’s current hourly rate of pay.
Utilization Requirement. Amdocs must make Commercially Reasonable Efforts to meet the targeted diversity vendor spend of [**] annually or over the term of the Agreement of Amdocs’ revenues from this Agreement, via the use of First, Second and Third Tier vendor arrangements. The above target will be gradually increased from the above [**] percent ([**]%) to [**] percent ([**]%) by no later than the year [**]. Amdocs will satisfy the Utilization Requirement through the use of Certified Diverse Suppliers and may include all or part of its subcontractors who do not provide services or deliverables under this Agreement in calculating its aggregate Certified Diverse Supplier procurement spend for this Agreement. The Utilization Requirement calculation is based on GAAP revenue and expense. In this Schedule J: • “Commercially Reasonable Efforts” are defined as those business activities that allow Amdocs to successfully meet its commitments to Sprint under this Schedule in the most timely, efficient, and cost effective manner possible, while still actively promoting the use of Certified Diverse Suppliers.
Utilization Requirement. Supplier must use good faith efforts to meet a minimum Utilization Requirement of [*]% for those Orders received by Sprint exceeding $[*] in value in any calendar year during the Term. Supplier will satisfy the Utilization Requirement through the use of Diverse Suppliers and may include its subcontractors who do not provide Services or Deliverables under this Agreement in meeting its Utilization Requirement. If Supplier does not meet the Utilization Requirement under this Agreement, Supplier will either (a) donate [*]% (not to exceed $[*]) of the entire annual amount (exceeding $[*]) earned from Sprint to a diverse non-profit organization as directed by Sprint, or (b) facilitate satisfaction of the [*]% Utilization SPRINT CONFIDENTIAL INFORMATION - RESTRICTED [*] Indicates confidential portions omitted pursuant to a request for confidential treatment filed separately with the Commission. 2011JULO1ACCE - MSA Requirement through Value Added Reseller (VAR) relationships with Diverse Suppliers.

Related to Utilization Requirement

  • Notification Requirement Through and up to the conclusion of the Non-Competition Period, Executive shall give notice to the Company of each new business activity he plans to undertake, at least seven (7) days prior to beginning any such activity. Such notice shall state the name and address of the Person for whom such activity is undertaken and the nature of Executive’s business relationship(s) and position(s) with such Person.

  • Construction Requirements a) All Life and Safety and applicable Building Codes will be strictly enforced (i.e., tempered glass, fire dampers, exit signs, smoke detectors, alarms, etc.). Prior coordination with the Building Manager is required.

  • Notification Requirements 1. If the Family Leave is foreseeable, the employee must provide the agency/department with thirty (30) calendar days notice of his or her intent to take Family Leave.

  • Distribution Requirements Arts 3 A course in history, philosophy, theory, or practice of the creative and interpretive arts.

  • Information Requirements (a) The Company covenants that, if at any time before the end of the Effectiveness Period the Company is not subject to the reporting requirements of the Exchange Act, it will cooperate with any Holder of Registrable Securities and take such further reasonable action as any Holder of Registrable Securities may reasonably request in writing (including, without limitation, making such reasonable representations as any such Holder may reasonably request), all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by Rule 144 and Rule 144A under the Securities Act and customarily taken in connection with sales pursuant to such exemptions. Upon the written request of any Holder of Registrable Securities, the Company shall deliver to such Holder a written statement as to whether it has complied with such filing requirements, unless such a statement has been included in the Company's most recent report filed pursuant to Section 13 or Section 15(d) of Exchange Act. Notwithstanding the foregoing, nothing in this Section 7 shall be deemed to require the Company to register any of its securities (other than the Common Stock) under any section of the Exchange Act.

  • Assumption Requirements Any Assumption permitted under this Agreement shall be performed in accordance with Prudent Servicing Practices. In connection with an Assumption of an assumable Mortgage Loan, the Servicer shall process such Assumption as provided for in the Mortgage Note or the Mortgage Note Assumption Rider and shall verify that:

  • Encryption Requirements Transfer Agent will not locally store Fund Data on any laptops or mobile devices (e.g., Blackberries, PDAs) managed by Transfer Agent.

  • Satisfaction Requirement If any agreement, certificate or other writing, or any action taken or to be taken, is by the terms of this Agreement required to be satisfactory to any Purchaser, to any holder of Notes or to the Required Holder(s), the determination of such satisfaction shall be made by such Purchaser, such holder or the Required Holder(s), as the case may be, in the sole and exclusive judgment (exercised in good faith) of the Person or Persons making such determination.

  • Registration Requirement Notwithstanding anything else in this Section 6, no Warrants (including any Private Warrants) may be exercised unless at the time of exercise (i) a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is effective under the Act and (ii) a prospectus thereunder relating to the Warrant Shares (other than Warrant Shares to be issued upon exercise of any Private Warrant) is current. The Company shall use its best efforts to have a registration statement in effect covering Warrant Shares issuable upon exercise of the Warrants (other than Warrant Shares to be issued upon exercise of any Private Warrant) from the date the Warrants become exercisable and to maintain a current prospectus relating to those Warrant Shares until the Warrants expire or are redeemed. In the event that, at the end of the Warrant Exercise Period, a registration statement covering the Warrant Shares to be issued upon exercise (other than Warrant Shares to be issued upon exercise of any Private Warrant) is not effective under the Act, all the rights of holders hereunder shall terminate and all of the Warrants shall expire unexercised and worthless, and as a result purchasers of the Units will have paid the full Unit price solely for the share of Common Stock included in each Unit. In no event shall the Warrants be settled on a net cash basis nor shall the Company be required to issue unregistered shares upon the exercise of any Warrant that is not a Private Warrant.

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