Ceasing of operations Clause Samples
The 'Ceasing of operations' clause defines the rights and obligations of the parties if one party stops conducting its business activities. Typically, this clause outlines what happens to ongoing contracts, outstanding payments, or the use of intellectual property if a party discontinues its operations, whether due to insolvency, voluntary closure, or other reasons. Its core function is to provide clarity and predictability in the event a party can no longer fulfill its contractual commitments, thereby protecting the interests of the remaining party and minimizing disruption.
Ceasing of operations. 23.1 The Councils shall be advised two months in advance of any decision to cease operations by the Operator.
23.2 In any circumstance where operations are to cease, the Operator will be responsible for the retrieval of all of its E-Scooters and any associated property stored on land owned by the Councils, public or private landholders.
23.3 A plan detailing this approach must be submitted to the Councils two weeks prior to the operation ceasing.
23.4 Any E-Scooters which are not collected within 30 days of notice to cease operation will be retrieved by the relevant Council, an impound fee will apply and the Council has the right to recycle the E-Scooters.
23.5 The Operator shall provide a surety of $50,000 total to the Councils for the duration of the trial. This amount will be held by the Melbourne City Council and may be drawn upon in the event that costs are incurred by the Councils or any other public agency or authority related to:
(a) parks, waterways and public land clean-up fees
(b) overdue unpaid impound fees at the conclusion of the duration of the ▇▇▇▇.
23.6 The Councils must provide appropriate evidence of costs incurred, including photographic imagery, to the Operator prior to drawing down on any of the surety for costs incurred retrieving e-scooters from parks, waterways or public land where the Operator has not fulfilled its duty in a timely manner.
23.7 The remaining balance of the surety will be refunded 3 months after the conclusion of the Trial to ensure that any clean-up costs are accurately accounted for.
23.8 The surety should only be accessed as a means of last resort and such costs should normally be addressed through the regular monitoring and maintenance activities of the Operator.
Ceasing of operations. The Councils shall be advised two months in advance of any decision to cease operations by the Operator. In any circumstance where operations are to cease, the Operator will be responsible for the retrieval of all bicycles and any associated property stored on land owned by the Councils, public or private landholders. A plan detailing this approach must be submitted to the council two weeks prior to the operation ceasing. Any bicycles which are not collected will be retrieved by council, an impound fee will apply and the bicycles will be recycled. The Operator shall provide a surety of $50,000 total to the Councils for the duration of the trial. This amount will be held by the Melbourne City Council and may be drawn upon by public agencies in the event that costs are incurred related to: (a) parks, waterways and public land clean-up fees or, (b) overdue unpaid impound fees at the conclusion of the duration of the MOU. The Councils must provide appropriate evidence of costs incurred, including photographic imagery, to the Operator prior to drawing down on any of the surety for costs incurred retrieving bicycles from parks, waterways or public land. The surety will be refunded 3 months after the conclusion of the trial to ensure that any clean-up costs are accurately accounted for. The surety should only be accessed as a means of last resort and such costs should normally be addressed through the regular monitoring and maintenance activities of the Operator.
Ceasing of operations. The Grantee must make provision in its accounts and Budget, to a level satisfactory to the Commonwealth, to use funding for expenses or liabilities accrued during the term related to the ceasing of operations that are expected to be incurred at the end of or after the Activity. This includes ensuring that in the event of ceasing of operations, there is sufficient funding for the payment of any employee entitlements accrued over the term available for the payment of employee entitlements.
Ceasing of operations. In the event that the employer ceases operations entirely, a permanent employee shall be given notice in accordance with the Employment Standards Act R.S.O 1980, as amended. In addition, the day-care will provide each permanent employee with one
(1) week's pay, excluding all government grants, for every year of service up to a maximum of eight weeks. The ▇▇▇▇ position will be calculated at the full time level for the duration of the job sharing arrangement with the school.
Ceasing of operations. In the event that LICENSEE ceases operations, all rights acquired by the LICENSEE hereunder shall terminate.
Ceasing of operations. 28.01 In the event that the Employer permanently shuts down any restaurant covered by this Agreement, the Union shall receive as much advance notice as possible but in any case shall be notified of the closure no less than ninety (90) days in advance of the proposed closure. This shall not apply where the closure is outside of the control of the Employer. Employees laid off as a result of the above situation shall reserve the right to exercise their seniority and bump any Server with less seniority from any other property covered under this collective agreement in order to maintain employment with the employer. The bumping Employee will bring his/her restaurant seniority to the new property.
28.02 Severance for permanent property closure shall be in accordance with the requirements of the Employment Standards Act.