Control Period Clause Samples

The Control Period clause defines a specific timeframe during which a party has the authority to direct or manage certain activities or assets under the contract. Typically, this period is set out in the agreement and may relate to project management, operational oversight, or decision-making rights, such as a contractor having exclusive control over a construction site for a set number of months. By clearly establishing when and for how long control is exercised, this clause helps prevent disputes over authority and ensures all parties understand their roles and responsibilities during the designated period.
Control Period. Notwithstanding the provisions of Subsection 3.1 above, during the Control Period, the rights and obligations described in the following sections shall continue beyond the duration of the Agreement:
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Control Period. “Pre-Control Period” shall have the meaning set forth in Section 5.1(a).
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Control Period. (a) The Contract Period will commence on the date hereof and will continue until the earlier of the first anniversary of the date the Banks Home Page is launched or March 31, 1999 (the "Termination Date") and thereafter will be extended pursuant to Section 8(b) hereof.
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Control Period. (i) The Initial Board Terms (as defined in the Timeshare Documents) for the Resorts located in Virginia are through (A) March 1, 2050 for Ocean Beach Club and Oceanaire, (B) January 1, 2050 for Boardwalk, (C) January 1, 2050 for Turtle Cay, and (D) January 1, 2025 for Beach Quarters and Sellers have done nothing to cause an earlier termination of such Initial Board Terms; ii. For each of the Resorts located in Virginia, the Developer (as defined in the Timeshare Documents) (A) as of the date of this Agreement owns at least ten percent (10%) of the Timeshare Interests at the Resort or is the beneficiary on deeds of trust secured on at least twenty percent (20%) of the Timeshare Interests at the Resort, (B) has not affirmatively taken any action to relinquish or transfer Developer Control (as defined in the Timeshare Documents) at any of such Resorts, and (C) has not received written, or to the knowledge of the Sellers, oral notice from any Person claiming that the Developer is not entitled to Developer Control of any of such Resorts. iii. For the Resort located in North Carolina, the Declarant (as defined in the Timeshare Documents) (A) has not conveyed seventy-five percent (75%) of the units to unit owners other than the Declarant, (B) has not failed to offer units for sale in the ordinary course of business for a period of two (2) years, and (C) has not failed to exercise a development right to add new units within two (2) years after the right last was exercised.
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Control Period. Notwithstanding the provisions of Subsection 3.1 above, during the Control Period, the rights and obligations described in the following sections shall continue beyond the duration of the Agreement: Section 0 - Overpayment or non-entitlement Section 8 - Reporting, Monitoring, ▇▇▇▇▇ and Evaluation Section 10 - Indemnification and Limitation of Liability Section 12 - Representations Section 14 - Default and Remedies Section 15 - Project Assets and Intellectual Property Section 166 - General
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Control Period. The Control Period under these Regulations shall be of three (3) financial years; the first application under these Regulations shall be made for the control period of three financial years from April 01, 2016 to March 31, 2019.
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Related to Control Period

  • Change of Control Period “Change of Control Period” means the period beginning on the date three (3) months prior to, and ending on the date that is twelve (12) months following, a Change of Control.

  • Change in Control Period “Change in Control Period” means the period of time beginning three (3) months prior to and ending twelve (12) months following a Change in Control.

  • Protection Period The term “Protection Period” for purposes of this Agreement shall (subject to § 1.11(f)) mean the two (2) year period which begins on a Change in Control Date.

  • Change of Control Termination If, during a Protected Period following a Change of Control, the Company terminates Executive’s employment during the Term without Cause, Executive resigns his employment upon the expiration of the Term following the Company’s election not to extend the Term, or Executive resigns his employment during the Term for Good Reason, then Executive shall be entitled to receive (i) payment of the Accrued Obligation and any unreimbursed business expenses and (ii) subject to the satisfaction of any applicable performance targets, as described in Section 3.3, any of Executive’s unpaid Bonuses with respect to a previous calendar year completed prior to the Date of Termination (without regard to any requirement that Executive remain employed through the date of determination of such Bonuses). In addition, subject to Executive’s (x) delivery to the Company by the Release Expiration Date (and non-revocation in any time provided to do so) of an executed Release and (y) compliance with Articles V, VI, and VII, Executive shall also be entitled to receive: (1) a payment of the Annual Bonus for the calendar year during which Executive’s employment is terminated at the target level; (2) any and all long-term equity compensation awards granted to Executive under any plan not previously vested shall become fully vested, with any unexercised options as of the Date of Termination remaining exercisable for the full term thereof; provided, however, that, with respect to any award that is intended to be performance-based compensation under Section 162(m) of the Code, such award shall be paid at the target level without regard to any performance goal otherwise applicable thereto; (3) a lump sum payment of an amount equal to three (3) times the sum of (A) the annualized rate of Executive’s Base Salary as in effect on the Date of Termination and (B) Executive’s target Annual Bonus for the calendar year in which the Date of Termination occurs; and (4) a lump sum payment of an amount equal to all COBRA premiums that would be payable during the period beginning on the Date of Termination and ending on the date that is three (3) years after the Date of Termination, assuming Executive and his dependents who were enrolled in the Company’s group health plans as of the Date of Termination elected continuation coverage under the Company’s group health plans as in effect, and at the applicable COBRA rates, as of the Date of Termination, without regard to whether Executive and his dependents actually elected such coverage or whether actual COBRA coverage is applicable for the above-referenced time period.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.