Year Requirement Sample Clauses
The Year Requirement clause establishes a specific timeframe or calendar year during which certain obligations, rights, or conditions in the agreement are applicable. Typically, this clause clarifies whether terms such as payments, deliverables, or performance benchmarks are tied to a particular year, which can be a fiscal or calendar year depending on the context. By clearly defining the relevant year, the clause ensures that all parties have a mutual understanding of when responsibilities begin and end, thereby preventing confusion or disputes related to timing.
Year Requirement. The Contractor shall keep all records, accounts, and documents related to the operation and performance of this Contract or any modification hereto for five (5) years following the expiration or termination of this Contract. However, if any audit, claim, litigation, negotiation or other action involving this Contract or modification hereto has commenced before the expiration of the five (5) year period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the regular five (5) year period, whichever is later. The Contractor shall cooperate with the SFWIB to facilitate the duplication and transfer of any of said records or documents during the required retention period. The Contractor shall advise the SFWIB of the location of all records pertaining to this Contract upon the request of the SFWIB and shall notify the SFWIB by certified mail within ten (10) days of moving said records if and when the records are moved to a new location.
Year Requirement. All incoming first-year students are required to live on campus regardless of incoming credit hours and are guaranteed a space. Exemptions from this requirement may be granted to students who submit a Residency Exemption Request Form prior to June 1 and meet at least one of the following criteria: • are 21 years of age or older before the first day of class of a semester; • are married and/or have a dependent child(ren); • have an established residency with parents or legal guardians for at least six (6) months within McLennan County and have graduated from a McLennan County High School or McLennan County education equivalent. All first-year students who preference a Residential College and receive an assignment with a Residential College they preferenced will be held to the two-year housing contract. All first-year students who receive an assignment within a Residential College but did not preference that Residential College in their application will be held to a one-year housing contract. All first-year students who apply for housing in the Spring term and preference a Residential College and receive an assignment in a Residential College they preferenced will be required to live on campus the subsequent academic year. Such students will not be required to live on campus for the Fall term of the third academic year. The University will consider such students to have fulfilled their two-year housing contract after three semesters (Spring, Fall, and the following Spring). All students who fall under the two-year housing contract are required to participate in the Reapplication process. Failure to participate in Reapplication may result in the student losing their place within the Residential College and being assigned another space on-campus, or forfeiture of on-campus housing and financial liability for the broken housing contract, equivalent to the student’s on-campus housing room rate. All students who fall under the two-year housing contract but wish to live on-campus outside of the Residential College are required to be released from their Residential College by the Program Director. Any student who participates in Reapplication and preferences any Residential College and is placed within a Residential College will be held to a one-year housing contract.
Year Requirement. The Training Vendor shall keep all records, accounts, and documents related to the operation and performance of this Agreement or any modification hereto for five (5) years following the expiration or termination of this Agreement. However, if any audit, claim, litigation, negotiation or other action involving this Agreement or modification hereto has commenced before the expiration of the five (5) year period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the regular five (5) year period, whichever is later. The Training Vendor shall cooperate with the SFWIB to facilitate the duplication and transfer of any of said records or documents during the required retention period. The Training Vendor shall advise the SFWIB of the location of all records pertaining to this Agreement upon the request of the SFWIB and shall notify the SFWIB by certified mail within ten (10) days of moving said records if and when the records are moved to a new location.