Minimum Service Requirement definition
Examples of Minimum Service Requirement in a sentence
Based on the results of the Vendor's internal audits as specified in Minimum Service Requirement #44, the Vendor shall provide a report detailing the audit, its findings and financial impact on the Plan and Participants.
Subject to the Minimum Service Requirement, the Initial Wi-Fi Home Assessment will consist of a Wi-Fi check where during the Appointment Time Slot we will analyse your Home Data Network and following such analysis provide guidance on any improvements that may be made to the coverage of your Home Data Network (“Wi-Fi Check”).
For each hour of service in excess of the Minimum Service Requirement, the Company shall pay Consultant One Hundred Fifty ($150) per hour; provided, however, Consultant shall not perform any services in excess of the Minimum Service Requirement without the prior written instruction of the Company's Chief Executive Officer.
During the Consulting Period, within reason, Consultant shall make himself available to the Company no less than twelve (12) hours each thirty (30) day period (the "Minimum Service Requirement") to render such advice and assistance regarding financial and business matters as may be reasonably requested of Consultant by the Company.
Any time that Consultant spends attending Board meetings or meetings of committees of the Board shall be in addition to Consultant's Minimum Service Requirement.
In the event Executive retires from employment with the Bank after achieving the Minimum Service Requirement but prior to reaching Retirement Age, she shall be entitled to receive annual payments during the Payment Period as follows: 13 years of service: $ 81,264 14 $ 89,775 15 and thereafter $ 100,000 Notwithstanding the date of early retirement, the Payment Period shall begin no later than March 15 of the year immediately following the year in which Executive reaches Retirement Age.
Provided that the Purchaser continues to meet the Minimum Service Requirement until four (4) years after the Vesting Commencement Date, all of the Stock purchased hereunder shall be vested.
Subject to the Minimum Service Requirement, 9,375 shares of the Stock shall vest at the end of each month after August 1, 1997 (the "Vesting Commencement Date").
Consultant will provide approximately 50 days of consulting services per year (the "Minimum Service Requirement").
In the event Purchaser shall cease to serve the Company as a consultant, employee, or as a member or Chairman of the Board of Directors for at least an average of two (2) days per week until August 1, 1998 and an average of one (1) day per week thereafter (the "Minimum Service Requirement") for any reason, or no reason, with or without cause, including involuntary termination, death or temporary or permanent disability (the "Termination"), the Purchase Option shall come into effect.