ANNUAL REVIEW AND TERMINATION Sample Clauses

The "Annual Review and Termination" clause establishes a process for regularly evaluating the agreement, typically on a yearly basis, and provides a mechanism for ending the contract if necessary. In practice, this clause may require the parties to meet or exchange communications at set intervals to assess performance, compliance, or ongoing suitability of the arrangement, and it often outlines the steps or notice required to terminate the agreement following such a review. Its core function is to ensure that the contract remains relevant and effective over time, while also giving both parties a structured opportunity to exit the agreement if it no longer meets their needs.
ANNUAL REVIEW AND TERMINATION. 8.1 This Scheme shall operate from the Effective Date in respect of the named Academy. 8.2 This Scheme may be terminated by the Trustees at any time by giving notice in writing to the LGB. The termination will be immediate unless a future date is specified by the Trustees. 8.3 The Trustees will have the absolute discretion to review this Scheme at least on an annual basis and to alter any provisions of it. 8.4 In considering any material changes to this Scheme or any framework on which it is based, the Trustees will have regard to and give due consideration of any views of the LGB.
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ANNUAL REVIEW AND TERMINATION. 8.1 This Scheme shall operate from the Effective Date in respect of the named Academy. 8.2 This Scheme may be terminated by the Directors at any time by giving notice in writing to the LGB. 8.3 Notwithstanding this being the first Scheme to apply in respect of the Academy, the Directors will have the absolute discretion to review this Scheme at least on an annual basis and to alter any provisions of it. 8.4 In considering any material changes to this Scheme or any framework on which it is based, the Directors will have regard to and give due consideration of any views of the LGB. This Scheme of Delegation was issued on 1st September 2024. Signed on behalf of the Company by: ............................................
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ANNUAL REVIEW AND TERMINATION. 8.1. This Scheme shall operate from the Effective Date in respect of the Academy. 8.2. This Scheme may be terminated by the Directors at any time by giving notice in writing to the LGB where intervention is either threatened or is carried out by the Secretary of State at the Academy. 8.3. Notwithstanding this being the first Scheme to apply in respect of the Academy, the Directors will have the right to review this Scheme at least on an annual basis and, where intervention is either threatened or is carried out by the Secretary of State at the Academy, to alter any provisions of it. 8.4. In considering any material changes to this Scheme or any framework on which it is based, the Directors will have regard to and give due consideration of any views of the LGB. This Scheme of Delegation was executed as a Deed on [date] Executed on behalf of the Company acting by: ............................................ in the presence of: Witness.............................. Address............................. Occupation........................ Executed on behalf of the LGB by: ............................................ In the presence of: Witness.............................. Address............................. Occupation........................
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ANNUAL REVIEW AND TERMINATION. 9.1 This Scheme shall operate from the Effective Date in respect of the Academy. 9.2 This Scheme may be terminated by the Trustees at any time by giving notice in writing to the LGB where intervention is either threatened or is carried out by the Secretary of State at the Academy. 9.3 The Trustees will have the right to review this Scheme at least on an annual basis and, where intervention is either threatened or is carried out by the Secretary of State at the Academy, to alter any provisions of it. 9.4 In considering any material changes to this Scheme or any framework on which it is based, the Trustees will have regard to and give due consideration of any views of the LGB.
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ANNUAL REVIEW AND TERMINATION. 8.1 This Scheme shall operate from the Effective Date in respect of the named Academy.
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ANNUAL REVIEW AND TERMINATION. 7.1 This Scheme shall operate from the Effective Date in respect of the named Academy. 7.2 This Scheme may be terminated by the Trustees at any time by giving notice in writing to the LGB. 7.3 The Trustees will have the absolute discretion to review this Scheme at least on an annual basis and to alter any provisions of it. 7.4 In considering any material changes to this Scheme or any framework on which it is based, the Trustees will have regard to and give due consideration of any views of the LGB. ............................................ Date: ………………………………………… In the presence of: Witness.............................. Address............................. Occupation ] ............................................ Date: ………………………………………… In the presence of: Witness.............................. Address............................. Occupation........................
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ANNUAL REVIEW AND TERMINATION. 9.1 This Scheme shall operate from the Effective Date in respect of the Academy. 9.2 This Scheme may be terminated by the Trustees at any time by giving notice in writing to the LGB where intervention is either threatened or is carried out by the Secretary of State at the Academy. 9.3 The Trustees will have the right to review this Scheme at least on an annual basis and, where intervention is either threatened or is carried out by the Secretary of State at the Academy, to alter any provisions of it. 9.4 In considering any material changes to this Scheme or any framework on which it is based, the Trustees will have regard to and give due consideration of any views of the LGB. Trustee: ................................................................................................................................... in the presence of: Witness: ................................................................................................................................... Address: ................................................................................................................................... Occupation: ................................................................................................................................... in the presence of: Witness: ................................................................................................................................... Address: ................................................................................................................................... Occupation: ................................................................................................................................... 1. CHAIR, VICE-
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ANNUAL REVIEW AND TERMINATION. 8.1 This Scheme shall operate from the Effective Date in respect of the named Academy. 8.2 This Scheme may be terminated by the Trustees at any time by giving notice in writing to the LGB. 8.3 Notwithstanding this being the first Scheme to apply in respect of the Academy, the Trustees will have the absolute discretion to review this Scheme at least on an annual basis and to alter any provisions of it. 8.4 In considering any material changes to this Scheme or any framework on which it is based, the Trustees will have regard to and give due consideration of any views of the LGB. This Scheme of Delegation was executed as a Deed on 01/02/2015 Executed on behalf of the Company by: ▇▇▇▇▇ ▇▇▇▇▇▇ In the presence of: Witness: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Occupation CEO / Executive Headteahcer Executed on behalf of the LGB by: ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ In the presence of: Witness ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ Occupation CEO / Executive Headteahcer 1. CHAIR, VICE-
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ANNUAL REVIEW AND TERMINATION. The Parties acknowledge and agree that they shall annually report on the progress achieved through this Agreement.
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Related to ANNUAL REVIEW AND TERMINATION

  • Duration and Termination This Agreement shall become effective with respect to each Fund as of the corresponding effective date indicated in Appendix A and, unless sooner terminated with respect to a Fund as provided herein, shall continue in effect for a period of two years as to such Fund. Thereafter, if not terminated, this Agreement shall continue in effect with respect to the Fund for successive periods of 12 months, provided such continuance is specifically approved at least annually by both (a) the vote of a majority of the Trust’s Board of Trustees or the vote of a majority of the outstanding voting securities of the Fund at the time outstanding and entitled to vote, and (b) the vote of a majority of the Trustees who are not parties to this Agreement or interested persons of any party to this Agreement, cast in person at a meeting called for the purpose of voting on such approval. Notwithstanding the foregoing, this Agreement may be terminated by the Trust at any time as to a Fund, without the payment of any penalty, upon giving the Advisor 60 days’ notice (which notice may be waived by the Advisor), provided that such termination by the Trust shall be directed or approved (x) by the vote of a majority of the Trustees of the Trust in office at the time or by the vote of the holders of a majority of the voting securities of the Fund at the time outstanding and entitled to vote, or (y) by the Advisor on 60 days’ written notice (which notice may be waived by the Trust). This Agreement will also immediately terminate in the event of its assignment. (As used in this Agreement, the terms “majority of the outstanding voting securities,” “interested person” and “assignment” shall have the same meanings of such terms in the 1940 Act.)

  • Terms and Termination This Agreement shall be effective from the date hereof and unless earlier terminated in accordance with this Section 30.4.5, shall continue in effect until the Class Year Deliverability Study for Requestor’s External ▇▇▇▇ Rights is completed and approved by the NYISO Operating Committee. Requestor or NYISO may terminate this Agreement upon the withdrawal of Requestor’s External ▇▇▇▇ Rights Request under Section 25.7.11 of Attachment S to the ISO OATT or upon Developer’s withdrawal from the Class Year Study pursuant to Section 25.7.7.1

  • Renewal and Termination A. This Agreement shall become effective on the date written below and shall continue in effect for one (1) year thereafter, unless sooner terminated as hereinafter provided and shall continue in effect thereafter for periods not exceeding one (1) year so long as such continuation is approved at least annually (i) by a vote of a majority of the outstanding voting securities of the Fund or by a vote of the Board of Trustees of the Trust, and (ii) by a vote of a majority of the Trustees of the Trust who are not parties to the Agreement (other than as Trustees of the Trust) or “interested persons” of any such party, cast in person at a meeting called for the purpose of voting on the Agreement. B. This Agreement: (i) may at any time be terminated without the payment of any penalty either by vote of the Board of Trustees of the Trust or by vote of a majority of the outstanding voting securities of the Fund on sixty (60) days’ written notice to the Adviser; (ii) shall immediately terminate with respect to the Fund in the event of its assignment; and (iii) may be terminated by the Adviser on sixty (60) days’ written notice to the Fund. C. As used in this Paragraph the terms “assignment,” “interested person” and “vote of a majority of the outstanding voting securities” shall have the meanings set forth for such terms in the 1940 Act. D. Any notice under this Agreement shall be given in writing addressed and delivered, or mailed post-paid, to the other party at any office of such party.

  • Term and Termination The term of this Agreement shall commence as of the Effective Date and shall stay in effect until the last to expire issued Valid Claim covering Licensed Products included in the Patent Rights, unless otherwise terminated earlier as provided below in this Article 4 (collectively, the “Term”). a. If LIMR believes in good faith that NewLink has materially breached its obligations under Section 9(a), then LIMR shall, in accordance with the terms of this paragraph 4, have the right and option to reduce NewLink’s exclusive License to a nonexclusive license or revoke the License in its entirety (by terminating the Agreement), provided that prior to taking this action: (1) LIMR shall provide NewLink written notice of the perceived breach, describing in detail the basis for LIMR’s belief that such perceived breach has occurred, describing the preferred method of cure and the proposed action to be taken by LIMR in the event of non-cure; and (2) NewLink shall have ninety (90) days to establish that it has met or will, within such ninety (90) day period, meet the applicable obligations; if the parties are still in dispute as to whether NewLink has met such obligations or cured such breach within ninety (90) days after receipt of notice from LIMR, the dispute will be submitted to binding arbitration in accordance with Section 23(b) of this Agreement, and if such arbitration determines that NewLink materially breached its obligations under Section 9(a) and did not cure such breach, then LIMR shall have the option to terminate this Agreement or to convert the License granted to NewLink in Section 2(a) to a non-exclusive license, in each case, upon prior written notice to NewLink. b. LIMR may terminate this Agreement immediately by providing NewLink written notice of termination, if: (1) NewLink ceases to function as a going concern; (2) a bankruptcy petition or action is filed or taken by or against NewLink under any United States bankruptcy law; (3) a receiver, assignee or other liquidating officer is appointed with control for all or substantially all of the assets of NewLink; or (4) NewLink makes an assignment for the benefit of creditors of all or substantially all its assets; provided, that, in the case of subclauses (b)(2), (3) or (4) above, such aforementioned circumstance is not remedied, dismissed or stayed within the earlier of sixty (60) days of (x) occurrence of (b)(2), (3) or (4) or (y) LIMR’s notice of its intent to terminate this Agreement; Notwithstanding anything in Sections 4(a) or (b) or 23 to the contrary, at any time that LIMR or NewLink believes that the other party has defaulted under this Agreement and that such default will irreparably harm such party, in addition to its rights under this Agreement and at law, such party shall have the right to seek all applicable equitable remedies. c. If NewLink fails to make any payment whatsoever due and payable to LIMR hereunder, LIMR shall have the right to terminate this Agreement effective on ninety (90) days written notice, unless NewLink shall make all such payments to LIMR within said ninety (90) day period, and provided that the payments demanded by LIMR are not disputed by NewLink. In the event of a dispute of such payments by NewLink, the parties shall use good faith efforts to resolve the dispute, which if not resolved by the end of four (4) months either party may submit the dispute to binding arbitration pursuant to Section 23(b). Any disputed payments submitted to arbitration hereunder be paid into escrow the arbitrator or other independent escrow agent acceptable to both parties in their reasonable discretion unless and until determined due by the arbitrator under Section 23(b), provided, however that if the arbitrator determines that amounts are payable by NewLink to LIMR, then such outstanding amounts will bear interest back to the date that they originally accrued at the default rate of Prime plus 4%. Prime shall be the prime rate published by the Wall Street Journal or if the Wall Street Journal publishes more than one prime rate, then the average of the prime rates published by the Wall Street Journal, and if the Wall Street Journal does not publish a prime rate, then the prime rate of the largest bank in Philadelphia, Pennsylvania. d. NewLink shall have the right to terminate this Agreement at any time on ninety (90) days prior written notice to LIMR, provided that NewLink shall remain obligated to complete payment of all amounts that have accrued and are owed to LIMR through the effective date of the termination. In the event NewLink terminates the Agreement, the license granted hereunder shall be deemed terminated, and all rights with respect to the subject matter thereof revert to LIMR and all further obligations of NewLink to LIMR (except for obligations accrued prior to such termination) shall automatically be terminated. e. Upon expiration or termination of this Agreement for any reason, nothing herein shall be construed to release either party from any obligation that has accrued prior to the effective date of such termination. NewLink and any Sublicensee thereof may, however, after the effective date of such termination, sell all then existing Licensed Products, and complete Licensed Products in the process of manufacture at the time of such termination and sell the same, provided that NewLink shall make the payments to LIMR as required by Articles 8 & 9 of this Agreement and shall submit the reports as required by Article 11 hereof. f. Sections 4(e), 4(f), 7(b) (but solely with respect to sales made pursuant to Section 4(e)), 11, 12, 13 (solely for the period specified therein), 14, 18, 19, 20, 21 and 23 shall survive termination or expiration of this Agreement.

  • DURATION, MODIFICATION AND TERMINATION A. Effective Date: The effective date of this agreement is November 11, 2023, provided that SSA reported the proposal to re-establish this matching program to the Congressional committees of jurisdiction and OMB in accordance with 5 U.S.C. § 552a(o)(2)(A) and OMB Circular A-108 (December 23, 2016), and SSA published notice of the matching program in the Federal Register in accordance with 5 U.S.C. § 552a(e)(12). B. Duration: This agreement will be in effect for a period of 18 months. C. Renewal: The DIBs of VA and SSA may, within 3 months prior to the expiration of this agreement, renew this agreement for a period not to exceed 12 months if VA and SSA can certify to their DIBs that: 1. The matching program will be conducted without change; and 2. VA and SSA have conducted the matching program in compliance with the original agreement. If either party does not want to continue this program, it must notify the other agency of its intention not to continue at least 90 days before the end of the period of the agreement.