Contract Termination or Modification Sample Clauses

The Contract Termination or Modification clause defines the conditions under which a contract can be ended or altered by the parties involved. Typically, this clause outlines the procedures for providing notice, any required approvals, and the circumstances that justify termination or modification, such as breach of contract, mutual agreement, or changes in law. Its core function is to provide a clear framework for changing or ending the contractual relationship, thereby reducing uncertainty and potential disputes if circumstances change during the contract's duration.
Contract Termination or Modification. A In the event of extraordinary changes affecting the University, institutional financial exigency, or significant program reduction or program closure, the University reserves the right to revise or revoke existing Core Faculty contracts. The University's determinations about extraordinary changes, institutional financial exigency, significant program reduction, or program closure are not grievable.
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Contract Termination or Modification. In the event of extraordinary changes affecting the University, institutional financial exigency, or significant program reduction or program closure, the University reserves the right to revise or revoke existing Unit Core Faculty contracts. The University’s determinations about extraordinary changes, institutional financial exigency, significant program reduction, or program closure are not grievable. In any such instances, the University is committed to making every effort to appropriately reassign affected Unit Core Faculty. In such cases, consideration will first be given to possibilities for contract revision or Unit Core Faculty reassignment. To discuss such options, the ▇▇▇▇▇▇▇ will meet with the Unit Core Faculty member and with a Union representative and review all other options within the University. Contract revocation will be the last resort. In cases of contract revocation, the University will provide affected Unit Core Faculty who hold contracts of five years or longer at least one year of continued employment or payment in lieu thereof. The University will provide relevant information as to the reasons for the planned contract revision or revocation, and will engage in effects bargaining over such decision.
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Contract Termination or Modification. As a result of events and circumstances such as a pandemic, that materially and adversely affect, or may materially and adversely affect, the University’s operations and business needs, as determined by the University, the Institution reserves the right to modify or terminate one or more existing faculty contracts. In any such instances, the University is committed to making an effort to appropriately reassign affected faculty. In such cases, consideration will first be given to possibilities for contract revision or faculty reassignment, the terms of which will not be negotiable. In cases of contract termination for reasons beyond the faculty member’s control, as determined by the University, the University will provide affected faculty who hold three-year contracts at least one year of continued employment beyond the year in which the termination notice is given or payment in lieu thereof. In such instances, the University shall have the discretion, at its option, and at any time, to pay the faculty member all the remaining compensation he or she would have earned through the end of the additional year in a lump sum, less applicable deductions and withholdings, and to end the faculty member’s employment with the University on a date determined by it. The University reserves the right to end the appointment immediately if the person engages in any malfeasance or misfeasance, or any improper or illegal conduct as defined by law and/or the Bay Path University Faculty Handbook or Operations Manual (▇▇▇▇▇://▇▇▇.▇▇▇▇▇▇▇.▇▇▇/pages/operations-manual/), Faculty Contracts 1 with the person being paid through their last day of providing services to Bay Path, all as determined by the University.
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Related to Contract Termination or Modification

  • TERMINATION OR MODIFICATION This Agreement may be terminated by either party upon fifteen (15) days written notice. No modification to the Agreement can be made without written approval of City and IC. Any and all sums advanced to IC under Section 2 must be refunded in full upon submission of the written notice to terminate

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Term, Termination and Modification This Agreement is effective for the time period indicated on Appendix A, unless sooner terminated as provided below in this Paragraph. This Agreement may be terminated by mutual agreement of the parties at any time or by the Registrant on behalf of any one or more of the Funds upon thirty (30) days’ written notice to the Adviser. In addition, this Agreement shall terminate with respect to a Fund upon termination of the Advisory Agreement with respect to such Fund.

  • TERMINATION AND MODIFICATION 271 - This Agreement shall continue in full force and effect from the date hereof until 11:59 p.m., June 30, 2002, and from year to year thereafter unless notice of termination or modification is given as provided in Paragraphs 273, 274, and 275 below. 272 - If either party desires to terminate this Agreement, it shall, sixty (60) days prior to the termination date, give written notice of termination. If neither party shall give notice of termination of this Agreement as provided in this paragraph or notice of amendment, as hereinafter provided, or if each party giving a notice of termination withdraws the same prior to termination date, this Agreement shall continue in effect from year to year thereafter subject to notice of termination by either party on sixty (60) days written notice prior to the current year's termination date. 273 - If either party desires to modify or change this Agreement, it shall sixty (60) days prior to the termination date or any subsequent termination date, give written notice of amendment in which event the notice of amendment shall set forth the nature of the amendment or amendments desired. If notice of amendment of this Agreement has been given in accordance with this paragraph, this Agreement may be terminated by either party on ten (10) days written notice of termination but not before the effective termination date of this Agreement. Any amendments that may be agreed upon shall become and be a part of this Agreement without modifying or changing any of the other terms of this Agreement. 274 - Notice of Termination Modification. Notice shall be in writing and shall be sufficient if sent by certified mail addressed to the Union, and if to the Employer, addressed to Director, Employee Relations, or to any such address as the Union or the Employer may make available to each other. 275 - This Agreement shall be effective from and after July 1, 1999, until and including June 30, 2002, with respect to all provisions of this Agreement.

  • Contract Renegotiation, Suspension, or Termination Due to Change in Funding If the funds DSHS relied upon to establish this Contract or Program Agreement are withdrawn, reduced or limited, or if additional or modified conditions are placed on such funding, after the effective date of this contract but prior to the normal completion of this Contract or Program Agreement: a. At DSHS’s discretion, the Contract or Program Agreement may be renegotiated under the revised funding conditions. b. At DSHS’s discretion, DSHS may give notice to Contractor to suspend performance when DSHS determines that there is reasonable likelihood that the funding insufficiency may be resolved in a timeframe that would allow Contractor’s performance to be resumed prior to the normal completion date of this contract. (1) During the period of suspension of performance, each party will inform the other of any conditions that may reasonably affect the potential for resumption of performance. (2) When DSHS determines that the funding insufficiency is resolved, it will give Contractor written notice to resume performance. Upon the receipt of this notice, Contractor will provide written notice to DSHS informing DSHS whether it can resume performance and, if so, the date of resumption. For purposes of this subsubsection, “written notice” may include email. (3) If the Contractor’s proposed resumption date is not acceptable to DSHS and an acceptable date cannot be negotiated, DSHS may terminate the contract by giving written notice to Contractor. The parties agree that the Contract will be terminated retroactive to the date of the notice of suspension. DSHS shall be liable only for payment in accordance with the terms of this Contract for services rendered prior to the retroactive date of termination. c. DSHS may immediately terminate this Contract by providing written notice to the Contractor. The termination shall be effective on the date specified in the termination notice. DSHS shall be liable only for payment in accordance with the terms of this Contract for services rendered prior to the effective date of termination. No penalty shall accrue to DSHS in the event the termination option in this section is exercised.