Minimums Sample Clauses
The "Minimums" clause establishes the lowest acceptable level or quantity of goods, services, or performance that one party must provide or purchase under the agreement. In practice, this might require a buyer to order a certain minimum volume of products each year, or obligate a supplier to maintain a baseline inventory level. By setting these thresholds, the clause ensures predictability and security for both parties, preventing underperformance and helping to allocate business risk.
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Minimums. The Board and the Association recognize the fact that an adequate number of competent specialists, such as art, music, physical education, technology and nurse are essential to the operation of an effective educational program.
Minimums. The Company will charge a monthly minimum according to the type of account. This minimum applies only to service revenue & not SaaS/setup revenue and comes in to effect after a ramp-up period of no more than 3 months following the Reseller’s “go-live” date (typically within 120 days of the date this agreement is signed; unless otherwise agreed to in writing), and will continue for the duration of this agreement.
Minimums. Effective July 1, 2023, and except as otherwise provided in this instant Interim Agreement, all minimum rates, including base salary, rates applicable to any remaining grandfathered “high budget” SVOD series still in production, schedule breaks (except where specifically modified below), network prime time ceilings, “floors” applicable to clip use in New Media, second and subsequent basic cable licenses and secondary digital channels are increased by 11%. In the event that this Interim Agreement remains active on July 1, 2024, the same rates should increase by an additional 4%. In the event that this Interim Agreement remains active on July 1, 2025, the same rates should increase by an additional 4%.
Minimums. As a minimum, Supplier shall provide and maintain the following insurance coverage and insurance coverage limits:
(1) Worker’s Compensation: Supplier shall provide and maintain worker’s compensation insurance as required by the laws of the applicable jurisdiction, as well as employer’s liability coverage with minimum limits of $1,000,000 (or an equivalent value in the local currency), covering all of Supplier’s employees who are engaged in any work under the Agreement; and if any work is subcontracted, Supplier shall require the subcontractor to provide the same coverage for any of its employees engaged in any work under the Agreement.
Minimums. The terms hereof are intended to cover only minimums in wages, hours, working conditions, and other employee benefits. The Employer may place superior wages, hours, working conditions and other employee benefits in effect and may reduce the same to the minimums herein prescribed, without the consent of the Union, provided however that for a period of (90) days after the execution of this agreement, the Employer agrees to refrain from reducing the hourly wages to above scale employees. This clause shall not be construed to changes contemplated or effected by the employer which may modify the traditional operation of the basic terms and conditions herein set forth.
Minimums. (WGA Proposal No. 1)
a. Subject to Item 3 below (Diversion to Pension Plan or Health Fund), the minimum rates listed in this subparagraph “a.” below shall be increased in each year of the 2023 MBA on a compounded basis, as follows:
i. Five percent (5%) effective September 25, 2023 by the memberships of WGA West, Inc. and WGA East, Inc.;
ii. Four percent (4%) effective May 2, 2024; and
iii. Three and one-half percent (3.5%) effective May 2, 2025.
Minimums. Member’s initial order must meet or exceed the minimum point value for the discount level selected on the enrollment form. If Member does not order sufficient Software within forty-five (45) days of enrollment, Adobe may terminate or suspend that Member. To reorder, Member or Affiliates must place an order of at least one point. Member and its Affiliates shall ensure that all purchases include Member’s or Self-enrolled Affiliate’s Agreement Number and any additional information in order for the Reseller to accept such order.
Minimums. Vacation periods are a minimum of one (1) full week or multiples of a full week. For the purposes of this Article, a week is considered to be the normal business week in operation at the Branch.
Minimums. The terms hereof are intended to cover only minimums in wages, hours, working conditions and other employee benefits. Effective Dates: This Agreement shall be effective as of the first day of July, 2022 and shall remain in full force and effect until the 30th day of June, 2024, with the following provisions:
Minimums. All of section 5 shall be deleted and replaced with the following: In order to retain the licenses granted in the Agreement and this Addendum, MedAmicus must sell, either alone or as part of a kit, not less than the number of units of the Product during each royalty year under this Agreement as set forth in Exhibit C attached to the Agreement. In the event MedAmicus does not sell the minimum quantities recited for each year in Exhibit C, MedAmicus may retain license rights granted herein per the following:
(a) MedAmicus may retain exclusive license rights to all licensed fields described herein by paying the royalty for that number of units which would be sufficient to meet the applicable minimum quantities. For purposes of making this additional royalty payment, MedAmicus shall calculate an average unit selling price of the Product actually sold during the royalty year, and shall multiply that average unit selling price times the number of units that would be sufficient to meet the applicable minimum quantities, and then multiply that total times the appropriate royalty rate. In the event less than twenty per cent of the minimum quantities recited for a year were actually sold for that year, then the average selling price for the above calculation shall be set at [CONFIDENTIAL TREATMENT REQUESTED]; or
(b) MedAmicus may retain exclusive license rights to the Venous Field described herein and non-exclusive license rights to the Arterial Fields and Related Fields described herein by paying the royalty for that number of units which would be sufficient to meet the applicable minimum quantities. For purposes of making this additional royalty payment, MedAmicus shall multiply the number of units that would be sufficient to meet the applicable minimum quantities times [CONFIDENTIAL TREATMENT REQUESTED].
(c) Even if MedAmicus makes no additional royalty payments beyond the royalty payments made in accordance with those units actually sold during the royalty year, MedAmicus shall retain exclusive license rights to the Venous Field. If MedAmicus does not sell the minimum quantities set forth in Exhibit C, and chooses not to pay the additional royalties described in sections (a) and (b) above to retain either exclusive or non-exclusive license rights to the Arterial Field and Related Field described herein, then Med-Design has the option, in its sole discretion, (a) to convert the exclusive license for only the Arterial Field and the Related Field to a non-exclusive...