Work Commitment definition

Work Commitment includes all direct or indirect expenses [net of government incentives and net of payments to the Optionor pursuant to paragraph 4 hereof] of or incidental to Mining Operations. The certificate of the Controller or other financial officer of the Optionor, together with a statement of expenditures in reasonable detail shall be prima facie evidence of such expenditures. In the event the commitment is not met on any year, the balance will be due in cash and or free trading stock paid to the Optionor. Any and all excess amounts expended in one year may offset commitments to future commitments;

Work Commitment means the Work Programs during the second *** Contract Years, as set forth in Sub-section 4.2 of this CONTRACT.

Work Commitment means the commitment of WG to fund Exploration and Mining Expenditures as set forth in Section 5.2.

Examples of Work Commitment in a sentence

• Federal and County Mining Claim Maintenance Fees and staking and filing fees are not expenses that Lessee may expense towards the Work Commitment.

• Each day of Personal Holiday used will count as a Working Day towards the Work Commitment total in the Year in which it is used.

• Where the Company grants the Musician a Reduced Contract, the Company shall be under no obligation to restore the Musician’s Work Commitment to a full time contract if requested to do so at a later date by the Musician.

• The minimum Work Commitment under this arrangement will be: Tutti 184; Sub Principal 180; Principal 175; Section Leader 165 The Musician may apply to the Company for a Reduced Contract in order to work fewer days in their ‘Work Commitment’ than the minimum stated in point 7 above.

• If a Participant requires a consecutive leave of absence for one month or more during the Work Commitment, the Work Commitment period shall be extended by the amount of leave taken.

More Definitions of Work Commitment

Work Commitment means all costs and expenses incurred by Juneau for the benefit of the Subject Property for the exploration, evaluation or development of the Minerals, including, without limitation, all salaries and wages and burdens thereon for employees of Juneau and its contractors, travel costs, costs of machinery, equipment, plant, facilities, fixtures and supplies, costs of sampling, assays, analyses, metallurgical testing and pilot plant operation, costs of government permits and approvals, costs of preparing reports, studies and analyses of the potential for development of the Minerals, and an administrative charge of ten percent (10%) of all of the foregoing to compensate Juneau for its home office overhead and administrative costs.

Work Commitment shall be defined herein as the sum of all monies spent in prospecting, exploring, conducting geological, geophysical and geochemical surveying, sampling, examining, diamond and other types of drilling, developing, dewatering, assaying, testing, constructing, maintaining and operating roads, trails and bridges upon or across the Property, buildings, equipment, plant and supplies, salaries and wages of employees and contractors directly engaged therein, insurance premiums, and all other expenses ordinarily incurred in prospecting, exploring and developing mining lands and also includes monies spent in acquiring additional claims or concessions within the Area of Mutual Interest (as defined in Section 10 below), which shall form part of the Property. Work Commitment shall also include all tax payments as well as legal costs and fees related to the registration of titles and agreements with the appropriate government agencies. The Company shall have the sole discretion to manage the Work Commitment.

Work Commitment has the meaning specified in Section 2.4. None reported. None reported. None.

Work Commitment means the amount the Operator has successfully bid and committed to spend on exploration of the lands and on research and development in accordance with the terms and conditions of an EL.

Work Commitment. Means, the $500,000 work commitment for the first two years ($250,000 per year) of the five year term of Special Exploratory Permit, Block EP-56 (the “Work Commitment”).

Work Commitment has the meaning set forth in §4.3.

Work Commitment means those work and/or expenditure obligations of Farmees and Syntroleum specified in Article 4.2.