Less Than Two Years Clause Samples

The "Less Than Two Years" clause sets a specific time frame, typically limiting the duration of certain rights, obligations, or actions to a period of less than two years. In practice, this might restrict how long a party can make a claim, enforce a warranty, or exercise an option under the agreement. By clearly defining this time limit, the clause helps manage expectations and reduces uncertainty, ensuring that both parties are aware of the window during which specific contractual provisions are valid or enforceable.
Less Than Two Years. If an employee terminates employment prior to two (2) years of contributory service, the employee may elect a cash-out of Employer and Employee contributions plus earned interest.
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Less Than Two Years. If an employee terminates employment prior to two
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Less Than Two Years. Employees, other than probationary employees, with less than two (2) years’ service - two (2) weeks.
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Related to Less Than Two Years

  • months The provisions of the Contract will apply (subject to any Variation or adjustment to the Contract Price pursuant to clause C4 (Price adjustment on extension of the Initial Contract Period)) throughout any such extended period.

  • Years If the employee has ten (10) years but less than sixteen (16) years of continuous service with the Employer, the employee shall be entitled to a lump sum payment equal to seven (7) months pay at the rate of pay the employee was earning at the time the position became redundant or surplus.

  • Anniversary Date A regular employee’s initial date of current employment with the Employer as a regular employee shall be her anniversary date for the purpose of determining benefits and for the purpose of determining increment anniversary date. (Reference Article 6.05 - Superior Benefits and Article 12.03 - Increments).

  • Date Whenever any payment due hereunder shall fall due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall be included in the computation of interest or fees, as the case may be.

  • percent This is not a contract specific goal but an overall goal for annual DBE participation. PTN grantees should undertake efforts to include DBE businesses in purchasing and contracting opportunities, and are encouraged to utilize DBE business whenever practicable. The full definition of DBE program requirements is found in Article 23 of the Master Grant Agreement.