EXPLORATION PERIOD AND RELINQUISHMENTS Clause Samples

EXPLORATION PERIOD AND RELINQUISHMENTS. 2.1. The Contractor is authorized under this Contract to conduct Hydrocarbons Exploration Operations within the Contract Area during an initial exploration period of ( ) Contract Years. 2.2. In the event the Contractor has fulfilled its exploration work obligations set forth in Article 3 with respect to the current term of the exploration period, the Contractor shall have the right to be granted two renewals of the exploration period for successive terms of ( ) Contract Years and ( ) Contract Years respectively. For each such renewal, the Contractor shall file through the Minister an application with the Council of Ministers, no later than two (2) months prior to the expiry of the current term of the exploration period. The renewal shall be granted in writing by the Council of Ministers. 2.3. If, upon expiry of the second renewal of the exploration period provided in Article 2.2, an appraisal work programme with respect to a Discovery, as set forth in Article 5, is actually under progress, the Contractor shall obtain, upon application with respect to the Appraisal Area related to said Discovery, the extension of the exploration period for the duration necessary to complete the appraisal work, which shall not, however, exceed six (6) months. In such a case, the Contractor shall file an application for the above-mentioned extension of the exploration period through the Minister with the Council of Ministers at least two (2) months prior to the expiry of the second renewal of the exploration period, and the Contractor shall have fulfilled all its exploration work obligations set forth in Article 3 with respect to that period. The extension shall be granted by the Council of Ministers. 2.4. The Contractor undertakes to relinquish to the Republic at least twenty-five percent (25%) of the initial area of the Contract Area upon each renewal of the exploration period so that it shall keep no more than seventy-five percent (75%) of the initial area of the Contract Area during the first renewal of the exploration period, and no more than fifty percent (50%) of the initial area of the Contract Area during the second renewal of the exploration period. 2.5. For purposes of Article 2.4. : (a) The area already relinquished under Article 2.6, the areas subject to Article 2.3 and the areas of natural gas discovery (Appraisal Areas) subject to Article 13.1(b), if any, and the Exploitation Areas shall be deducted from the areas to be relinquished; (b) The Contractor shall ha...
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EXPLORATION PERIOD AND RELINQUISHMENTS 
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Related to EXPLORATION PERIOD AND RELINQUISHMENTS

  • Contract Period and Renewal The Contract is effective on the signature date of the latter of the Parties to sign this agreement and terminates on June 30, 2023, unless renewed, extended, or terminated pursuant to the terms and conditions of the Contract. The Parties may extend this Contract subject to mutually agreeable terms and conditions.

  • MEAL PERIODS AND REST BREAKS 4.1 Except when required for urgent or emergency work and except as provided in 4.2 no employee shall be required to work for more than five hours continuously without being allowed a meal break of not less than half an hour. 4.2 An employee unable to be relieved from work for a meal break shall be allowed to have a meal on duty and this period shall be regarded as working time. 4.3 Except where provided for in 4.2 an employee unable to take a meal after five hours’ duty shall be paid at overtime rates from the expiry of five hours until the time when a meal can be taken. 4.4 During the meal break or rest breaks prescribed above, free tea, coffee, milk and sugar shall be supplied by the employer. Where it is impractical to supply tea, coffee, milk and sugar free of charge, an allowance of $1.48 per week in lieu shall be paid. This allowance shall continue during all periods of leave except leave without pay. 4.5 Rest breaks of 10 minutes each for morning tea, afternoon tea or supper, where these occur during duty, shall be allowed as time worked.

  • EMPLOYEE DEVELOPMENT AND TRAINING 1. The State agrees to provide advice and counseling to employees with respect to career advancement opportunities and agency developments which have an impact on their careers. 2. Regular review of its job-related and career development and training programs will be made by the State in order to provide suitable programs for employees covered by this Agreement. When undertaking any such review, the State shall notify employees of such review and take into account suggestions and proposals made by employees. 3. Employees shall be given a reasonable notice of applicable, development and training programs available. Such notice shall include an explanation of the procedure for applying for the program. Notices of development and training programs shall be posted for reasonable periods in advance on bulletin boards at applicable work locations within the agencies involved. An appointing authority shall make every effort to permit employees' participation in such career development and training programs. Participation in any training inside or outside of work hours which is required by the State as a condition of fulfilling the requirements of the employee's job, or any in-service State training which is conducted or undertaken during normally scheduled work hours will be considered as time worked. 4. The State shall pay tuition, course-related fees, other approved course required costs and for necessary travel and lodging pursuant to established policies and procedures.

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  • Scheduled RDOs on Designated Long Weekends It is recognised that there is merit in programming no work on the RDOs adjacent to public holiday weekends during the working year. This will allow Employees to have quality paid family leisure time.