Changes of Status Sample Clauses
A Changes of Status clause defines the procedures and obligations that arise when a party's legal, financial, or operational status changes during the term of an agreement. This may include events such as mergers, acquisitions, insolvency, or changes in ownership or control. The clause typically requires the affected party to notify the other party of the change and may grant rights such as termination, renegotiation, or consent requirements. Its core function is to manage risks and maintain transparency by ensuring that significant changes affecting a party's ability to perform under the contract are promptly addressed.
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Changes of Status. The terms of this Section 2 describe how various events affect your Restricted Units during the Period of Restriction. For purposes of this Section 2, your transfer between the Company and an Affiliate, or among Affiliates, will not be a termination of employment. If a Change of Control occurs prior to any of the events described in this Section 2, any applicable terms of Section 3 will supersede the terms of this Section 2.
Changes of Status. For purposes of this Section 3, your transfer between an Affiliate and any other Affiliate or the Company will not be a termination of employment.
Changes of Status. It is the responsibility of the employees in the bargaining unit to notify the Corporation in writing of changes of address, marital status, dependants or any other information relative to the employment of the employee.
Changes of Status. There shall be no double-identity of parties to this Agreement. An Association Employer may not change to a non-Association Employer or from a non-Association Employer to an Association Employer, or from an Employer to a worker or from a worker to Employer, unless the Employer presents evidence satisfactory to the JLMC that there are no outstanding obligations or liabilities involving any such parties arising out of this Agreement.
Changes of Status. The Board will make available to the treasurer of the local Union the names and addresses of each employee separated from the payroll, hired, laid off, recalled, or placed on approved leave of absence, or a change of address within fifteen (15) days of such change occurs.
Changes of Status. For purposes of this Section 2, your transfer between the Company and an Affiliate, or among Affiliates, will not be a termination of employment. In the event of a Change of Control, any applicable terms of Section 3 (Change of Control) will supersede the terms of this Section 2.
Changes of Status. Guarantor hereby acknowledges and agrees that this Guaranty and the obligations of Guarantor hereunder shall not be affected and shall not be discharged by reason of any change in the status of Borrower, including, without limitation, changes in name or structure of Borrower; merger or consolidation of Borrower with any other entity or entities, or the transfer of all or any part of Borrower's assets to another entity; termination or dissolution of Borrower; the filing of a petition by or against Borrower under the bankruptcy laws of the United States, or the voluntary or involuntary takeover of Borrower by Borrower's creditors; additions or losses of partners of Borrower by death, succession or otherwise; any change in the status of Guarantor with respect to Borrower, including, without limitation, termination, transfer or conveyance of Guarantor's ownership interest in Borrower or in any partners of Borrower, whether general or limited, or termination or resignation of Guarantor as the sole general partner of Borrower; or changes in operating procedures, management or in the nature or location of Borrower's business.
Changes of Status. Employees shall immediately report to their supervisor any change in status, expiration, or loss of any required license or certificate, including but not limited to Medical Examiner’s Certificates.
Changes of Status. Notwithstanding anything to the contrary in this Agreement, if an entity ceases to be an Affiliate of Nokia or Nokia Siemens Networks B.V., such entity automatically thereafter shall cease to be a Grantee. In the event of a Change of Control of Nokia or NSN, then Licensed Products of Nokia and its Affiliates, or NSN (as applicable), automatically thereafter shall be limited solely (a) to those Licensed Products of Nokia and its Affiliates, or NSN (as applicable), in commercial production or sale immediately prior to giving effect to such Change of Control, and (b) to products of Nokia and its Affiliates, or NSN (as applicable), that are designated in good faith as follow-on versions or models of the Licensed Products described in clause (a) and in the same product lines of Nokia and its Affiliates, or NSN (as applicable), provided that such follow-on versions or models do not alter or add in any material respect any new or different form, function or feature. In no event shall a Licensed Product directly or indirectly include any product that is not specifically described in clause (a) or (b) above.
Changes of Status. The terms of this Section 2 describe how various events affect a Unit Tranche during its Period of Restriction. Each Unit Tranche is, during its Period of Restriction, an “Outstanding Unit Tranche.” For purposes of this Section 2, your transfer between the Company and an Affiliate, or among Affiliates, will not be a termination of employment. If a Change of Control occurs prior to any of the events described in this Section 2, any applicable terms of Section 3 will supersede the terms of this Section 2.