Performance is critical this year, its third, since Edison makes the review of its five-year charter depend chiefly on a school's performance in its third year.

Grades would then be added during the life of the five-year charter.

Sematech's initial five-year charter expires next year.

In 1946 numerous of the British-built Empire ships, as well as ex-German prize ships were offered for sale or for three- or five-year charter.

The New York State Education Department approved a five-year provisional charter for the school, which will expire on January 14, 2013.

She is under a five-year charter with the line, and was transferred in 2009 after previous operator, Transocean Tours filed for bankruptcy.

She was available for sale at £20,000 or charter at £750 per month on a three-year charter or £500 a month on a five-year charter.

But last November, with the commission's current five-year charter set to expire on Dec. 31, the Legislature did an about-face.

Formed in 1987, Sematech has only two years left on its original five-year charter and the time has come to decide whether the project will continue beyond 1992.

The three schools were the first to open under the state's 1998 charter school law and their five-year charters are up for renewal this month.