Earned Credit Sample Clauses

The Earned Credit clause defines how and when a party accrues credit or compensation for work performed or milestones achieved under a contract. Typically, this clause specifies that credit is only granted for completed deliverables or measurable progress, rather than for work merely started or planned. For example, a contractor may receive payment only after reaching certain project stages or delivering specific results. The core function of this clause is to ensure that compensation or recognition is tied to actual, verifiable performance, thereby reducing the risk of overpayment or disputes about incomplete work.
Earned Credit. Any Quarterly Renewal Rate Credit earned by Integrator from August 1, 2005 until the effective date of this Exhibit, which shall be no later than July 31, 2006, shall be held by Cisco and credited to Integrator, based on Cisco’s fiscal year (Aug-July), after the effective date of this Exhibit. Earned credit shall only apply during the Cisco fiscal year in which the Exhibit was executed and shall not carryover to a future Cisco fiscal year.
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Earned Credit. A grade of “C” is the minimally acceptable grade for transfer of elective or specific course credit. In some instances, where noted, a higher grade may be required for specific course credit. A grade of “C” in those instances would be granted elective credit only. The application of pass/fail grading systems to transfer students shall be consistent with the application of those systems to students who entered the institution as freshmen in the same year as the transferring students. Transfer students should consult the catalog of the institution to which they are transferring regarding these policies.
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Earned Credit. Teachers may earn up to three (3) days of credit annually, that may be used if the district must schedule non-instructional weather make-up days at the end of the school year. (The credit days shall not be carried over to future fiscal years.) Two (2) days may be earned by attending and participating at: Open House, Parent Nights (i.e., any events at which parents are encouraged to attend and participate in the event, such as literacy nights, math nights, science nights, etc.), Academic Events, Secondary Graduation (the teacher must participate in the ceremony to earn credit) and School Fine Arts Performances. Also, one (1) day may be earned by participating in professional development previously identified by the district as approved for earning such credit. All eligible events are worth a half day credit, unless the event involves a full day (e.g. the Junior BotBall Challenge). If the teacher receives a stipend for the event, credit will not be received.
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Related to Earned Credit

  • Vacation Credit Any outstanding vacation entitlement for a person going on LTD will be paid in cash upon expiry of sick leave. The cash payment will be calculated on the base earnings at the expiration of sick leave for the prorated days of vacation entitlement, any outstanding lieu days, any outstanding floating statutory holidays, and banked time for 40-hour per week employees. No vacation entitlement, floating holidays, or banked time for 40-hour per week employees accrues while a member is in receipt of LTD benefits.

  • Retirement Credit Retirement credit for such periods of leave without pay shall be governed by the rules and regulations of the Division of Retirement and the provisions of Chapter 121, Florida Statutes.

  • Vacation Credits All employees shall participate in the County’s Terminal Pay Plan (Plan). However, only the terminal paychecks (including unused vacation) of those employees who have reached the age of fifty-five (55) shall be placed into the Plan. These terminal paychecks shall be placed into the Plan on a pre-tax basis in accordance with the Plan, all applicable laws and all rules and regulations applicable to the Plan.

  • Service Credit To the extent that any Transferred Employee’s acquired rights are not already protected by the Transfer Regulations or other applicable Law, Purchaser shall, and shall cause its Affiliates to, recognize the prior service of, or recognized with respect to, each Transferred Employee as if such service had been performed with Purchaser for all purposes, including eligibility, vesting, service-related level of benefits and benefit accrual (except for any benefit accruals for U.S. union and non-union hourly Transferred Employees under the defined benefit Rexam Pension Plan, provided that such service for benefit accruals purposes under the Rexam Pension Plan shall be recognized for purposes of early retirement subsidies in accordance with Schedule 5.1(h)) under the employee benefit plans and policies provided by Purchaser to such Transferred Employee following the Closing, to the same extent such service was recognized by Seller, Rexam or any of their respective Affiliates, as applicable, immediately prior to the Closing. Purchaser shall, or shall cause its Affiliates (including the Purchased Entities) to, (i) waive any preexisting condition limitations otherwise applicable to Transferred Employees and their eligible dependents under any plan of Purchaser or any Affiliate of Purchaser that provides health or life benefits in which the Transferred Employees may be eligible to participate following the Closing, other than any limitations that were in effect with respect to a Transferred Employee as of the Closing under the analogous Employee Benefit Plan, (ii) honor any deductible, co-payment and out-of-pocket maximums incurred by the Transferred Employees and their eligible dependents under the health plans in which they participated immediately prior to the Closing during the portion of the calendar year prior to the Closing in satisfying any deductibles, co-payments or out-of-pocket maximums under health plans of Purchaser or any of its Affiliates in which they are eligible to participate after the Closing in the same plan year in which such deductibles, co-payments or out-of-pocket maximums were incurred and (iii) waive any waiting period limitation or evidence of insurability requirement that would otherwise be applicable to a Transferred Employee and his or her eligible dependents on or after the Closing, in each case to the extent such Transferred Employee or eligible dependent had satisfied any similar limitation or requirement under an analogous Employee Benefit Plan prior to the Closing.

  • Bank Credit Decision Each Bank acknowledges and agrees that it has, independently and without reliance upon any of the Agents or any other Bank and based on the Current Financials and such other documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Bank also acknowledges and agrees that it will, independently and without reliance upon any of the Agents or any other Bank and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.