Annual Periods definition

Annual Periods. (as such term is hereinafter defined) from and after the date hereof, in the respective amount set forth below with respect to each such Annual Period;
View Source
Annual Periods means the period commencing on the Effective Date and continuing until April 30, 1999 and thereafter means the periods beginning on May 1st of each year and ending on April 30th of the following year.
View Source
Annual Periods means any one of a succession of consecutive twelve-Month periods during the Term of the PPA, the first of which will begin on the first Day of the Month following the COD; provided, however, if Commercial Operation is achieved on the first Day of a Month, the first Day of the first Annual Period is the COD.
View Source

Examples of Annual Periods in a sentence

  • The Weighted Cumulative Realized Percentages shall then be added together to determine the “Sum Cumulative Realized Percentage.” If the Sum Realized Percentage equals or exceeds 100% for such years, then the Annual Performance Equity Award Installment of such Unvested Annual Period(s) shall vest on the Measurement Date of the Measurement Year the Sum Cumulative Realized Percentage is determined (the “Cumulative Measurement Date”).

  • If the third Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the second most recent Unvested Annual Period shall vest on the Cumulative Measurement Date and, if necessary, a fourth Sum Cumulative Realized Percentage shall be determined by using measurements only from the applicable Vested Annual Period(s) and the three most recent Unvested Annual Periods.

  • If the second Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the most recent Unvested Annual Period shall vest on the Cumulative Measurement Date and a third Sum Cumulative Realized Percentage shall be determined by using measurements only from the applicable Vested Annual Period(s) and the two most recent Unvested Annual Periods.

  • Sub is acquiring the Shares tendered pursuant to the Offer for investment purposes only and not with a view to the distribution (as such term is used in Section 2(11) of the Securities Act) thereof.

  • At the end of each Term, this Agreement will renew for an additional Term of two Annual Periods, unless either party gives notice in writing at least 30 days prior to the end of the then-current Term that it does not wish to renew, or unless this Agreement terminated earlier as provided below.

  • If the fourth Sum Cumulative Realized Percentage equals or exceeds 100% then such Annual Performance Equity Award Installment for the third most recent Unvested Annual Period shall vest on the Cumulative Measurement Date and, if necessary, a fifth Sum Cumulative Realized Percentage shall be determined by using measurements only from the applicable Vested Annual Period(s) and the four most recent Unvested Annual Periods.

  • Executive’s employment shall commence on the Effective Date and shall be for an initial term of two consecutive Annual Periods (the “Employment Term”), unless sooner terminated as provided in this Agreement.

  • This Agreement will begin on the Effective Date and will remain in effect for two consecutive Annual Periods (“Term”), subject to earlier termination as stated below.

  • In the case of an agreement with an Initial Term consisting of more than one Annual Period, University may terminate this Agreement during the Initial Term as to any upcoming Annual Periods in the event the student head for District increases by more than 25% from the reported student head count as of the Effective Date.

  • Fees for subsequent Annual Periods will be invoiced at the beginning of each Annual Period.


More Definitions of Annual Periods

Annual Periods shall refer collectively to all three such periods.
View Source
Annual Periods. - means any one of a succession of consecutive twelve-Month periods, the first of which shall begin on the later of the Commercial Operation Date or January
View Source
Annual Periods means the First Annual Period and each consecutive twelve month period thereafter, provided that the last Annual Period shall be the Annual Period during which the Revenue Milestone Termination Date occurs. For purposes of example only, if Gross Sales of Catheter Heart Valve Systems exceeds twenty million dollars ($20,000,000) for any Annual Period, the Milestone Consideration for the Growth Milestone shall be limited to seven million dollars ($7,000,000) (or such lesser amount as provided pursuant to Section 2.07(f)) and if the Sales Milestone is not met or if Gross Sales of Catheter Heart Valve Systems is less than ten million dollars ($10,000,000) for all Annual Periods, the Growth Milestone will not be achieved and in such event no Milestone Payment will be made with respect to the Growth Milestone.
View Source

Related to Annual Periods

  • Annual Period has the meaning stated in Section 4.3(e).

  • Semi-Annual Period means each period of six-months, commencing on the first day of a Fiscal Year; provided that the first such period shall begin on July 1, 2013 and end on December 31, 2013.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Contract Year means each period of twelve (12) consecutive months during the Initial Term of this Agreement, with the first Contract Year commencing on the Effective Date, and with each subsequent Contract Year commencing on the anniversary of the Effective Date.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.