MINIMUM BID PERIOD GUARANTEE Sample Clauses

MINIMUM BID PERIOD GUARANTEE. 1. Each Line Holder, Reserve and Standby Pilot shall be guaranteed a minimum of sixty (60) Bid Period Hours (Minimum Bid Period Guarantee = MBPG), at the hourly pay rate applicable to the Pilot’s status and/or equipment in the bid period, pro-rated for any changes in status and/or equipment within the bid period. 2. Each Regular Line-holder shall be guaranteed a Minimum Bid Line Guarantee (Bid Line Guarantee = BLG) equal to the Pilot’s awarded bid line value for that bid period or the Minimum Bid Period Guarantee (MBPG), whichever is greater. BLG will be calculated based on the Pilot’s awarded block hours of flying in a bid period, plus any scheduled deadhead hours. 3. For each bid period, a Pilot shall receive the greater of his BLG or MBPG, or his total accrued pay and credit hours, as provided in this Agreement. All hours will be paid at the Pilot’s hourly rate as specified in Article 3.
MINIMUM BID PERIOD GUARANTEE. 1. A pilot shall have the following minimum bid period guarantee, except as provided in Section 4.A.2. through A.5.: a. 68 CH in a 4-week bid period.
MINIMUM BID PERIOD GUARANTEE. A. 1. Pilots shall be credited flight time at the applicable rates with a minimum guarantee of seventy (70) hours per bid period.

Related to MINIMUM BID PERIOD GUARANTEE

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

  • Meal Breaks and Rest Periods For each seven and one-half (7 ½) hour shift, subject to the provisions of Article 14.09, the Employer shall provide an unpaid meal break of one-half (½) hour and paid rest periods totalling one-half (½) hour, not to be taken in less than two (2) breaks. The Employer shall schedule meal breaks in such a way that an Employee be permitted to leave their work area. Operational requirements may be such that these breaks may not be able to be taken off the premises. These breaks shall be prorated for shift duration.

  • Guarantee Period The guarantee period is from the effective date of this Contract and ends two years from the expiration of the debt performance term under the Main Contract. In case Party A agrees to extent the debt performance term, the guarantee period ends two years from the expiration of the extended debt performance term under the Main Contract. If Party B announces advanced maturity of debts according to the Main Contract, the guarantee period ends two years from the advanced maturity date of debts announced by Party B. In case the debts under the Main Contract are paid in installments, the guarantee period of each installment is two years from the expiration date of the debt performance term of the last installment.

  • Lockup Period Limitation Participant agrees that in the event the Company advises Participant that it plans an underwritten public offering of its Common Stock in compliance with the Securities Act of 1933, as amended, and that the underwriter(s) seek to impose restrictions under which certain shareholders may not sell or contract to sell or grant any option to buy or otherwise dispose of part or all of their stock purchase rights of the underlying Common Stock, Participant hereby agrees that for a period not to exceed 180 days from the prospectus, Participant will not sell or contract to sell or grant an option to buy or otherwise dispose of this option or any of the underlying shares of Common Stock without the prior written consent of the underwriter(s) or its representative(s).

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.