Early Exit Sample Clauses
The Early Exit clause allows one or both parties to terminate an agreement before its originally agreed-upon end date under specified conditions. Typically, this clause outlines the process for providing notice, any required fees or penalties, and the circumstances that justify early termination, such as breach of contract or changes in business needs. Its core practical function is to provide flexibility and reduce risk by enabling parties to end their obligations if continuing the contract becomes impractical or undesirable.
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Early Exit. 25.1 During the life of this Agreement, the Recipient retains the right at its sole discretion, to request a full release from this Grant Agreement, subject to the following:
(a) The Recipient shall inform the Department in writing of its desire to be relieved of its obligations under this Grant Agreement.
(b) The Recipient shall pay back to the Department the entirety of the amount paid by the Department to the Recipient by virtue of the Grant Agreement (herein call the “Exit Payment”). The Exit Payment shall constitute compensation for foregone Benefits to Canada, that is, those economic and social benefits that will not be realized due to the early termination of this Grant Agreement; and
(c) At the sole discretion of the Department, and under exceptional circumstances when these are deemed by the Department to be in the best interests of Canada, the Department may consider accepting a reduced refund of the Grant known as an “Exit Payment” but this acceptance would be subject to the negotiation and signature of a “Termination and Settlement Agreement” setting out the Exit Payment and its method of payment.
25.2 The Recipient shall not be released from any of its obligations under the Grant Agreement until it complies with the requirements and conditions issued according to section 24.1.
Early Exit. Anything to the contrary in this Lease notwithstanding, Landlord shall have the right in Landlord’s sole election, upon thirty (30) days prior written notice to Tenant, or sooner on the effective date of any applicable court order, to terminate this Lease in the event of any of the following causes (each, an “Early Exit Cause” and collectively, the “Early Exit Causes”:
a. The seizure by any governmental authority seeking forfeiture of the building(s) housing the Premises, unless such seizure is being diligently challenged by Tenant.
b. The entry of a final, unappealable judgment (after exhaustion of all applicable appeals) having the effect (whether by restraining order, injunction, declaration or otherwise) of establishing that Tenant’s use of the Premises constitutes a private or public nuisance.
Early Exit. Anything to the contrary in this Lease notwithstanding, Landlord shall have the right in Landlord's sole election, upon thirty (30) days prior written notice to Tenant, or sooner on the effective date of any applicable court order, to terminate this Lease in the event of any of the following causes:
(a) The seizure by any governmental authority seeking forfeiture of any portion of the Premises, unless such seizure is being diligently challenged by Tenant.
(b) The entry of a final, unappealable judgment (after exhaustion of all applicable appeals) having the effect (whether by restraining order, injunction, declaration or otherwise) of establishing that Tenant's use of the Premises constitutes a private or public nuisance.
(c) The termination or expiration of the License.
Early Exit. If a Party desires to cease its involvement with the development of any particular Collaboration Work Product after a period of ***** has elapsed since the date upon which the relevant Collaboration Compounds and Collaboration Target was designated as such by the Research Committee, but not the Collaboration as a whole, then the Parties will dispose of that particular Collaboration Work Product in accordance with the procedures set forth in Section 9.5.
Early Exit. W▇▇▇▇▇▇▇▇ shall retain full discretion through the Effective Resignation Date to terminate his employment prior to the Effective Resignation Date, upon two (2) weeks written notice (“Early Exit”). In the event of an Early Exit, his employment shall end two (2) weeks after the date W▇▇▇▇▇▇▇▇ tenders written notice of his Early Exit, unless another date is mutually agreed upon between the Company and W▇▇▇▇▇▇▇▇ (the “Early Exit Date”), and W▇▇▇▇▇▇▇▇ shall be relieved of any and all employment responsibility as of the Early Exit Date. The Company shall be relieved of any obligations to make payments or provide other compensation as set forth in the Employment Agreement or this Agreement except for the payment of salary and benefits and reimbursement of approved business expenses through the Early Exit Date.
Early Exit. In the case of Multi-year Agreements, a penalty may be accessed against the Customer for early exit. The termination penalty may not exceed the balance of the agreement, reflecting the fee normally assessed each year for the annual support of the Licenses as specified in Exhibit A.
Early Exit. Participant willingly decides to leave the program early for their own personal or professional reasons. It could be an early launch of the business or a decision to move their business in a new direction. The participant must provide a 30-day notice and continue their participation in the incubator space (including the 12-hour per week work requirement) until the end of the 30 days ending the lease and participant agreement with YTM on good terms.
Early Exit. Pursuant to Article R 442-17 of the Labour Code, cases of early exit are as follows:
a) marriage of the relevant party or the signing of a joint civil union by the relevant party,
b) the birth or arrival of a child intended to be adopted when the home already has at least two children in its care,
c) the divorce, separation or dissolution of a joint civil union when accompanied by a judgment allowing for the customary single or part-time residence for at least one child at the home of the relevant party.
d) the disability of the employee, his children, his spouse or the person who is united with him in a civil union. This disability is assessed according to the second and third paragraphs of Article L. 341-4 of the Social Security Code or must be acknowledged by decision of the technical orientation and professional reclassification commission provided for in Article L. 323-11 of the Labour Code or the departmental commission on special education if the level of disability reaches at least 80% and the relevant party does not carry out any professional activity.
e) the death of the employee, his spouse or the person united with the beneficiary by a joint civil union,
f) the end of the work contract,
g) the allocation of amounts saved by the employee, his children, his spouse or the person united with the beneficiary by a joint civil union with the objective of creating or taking over the management of an industrial commercial, trade or agricultural business, individually or as a company, so long as the control of such company meets the requirements of Article R. 351-43 of the Labour Code, with the intent of carrying out another non-salaried profession or in the acquisition of an interest in a cooperative production company,
h) allocation of the saved amounts to purchase or make improvements to the principal residence, thereby expanding the living area as defined in Article R. 111-2 of the French Construction and Habitation Code, subject to the existence of a construction permit or a prior work declaration, or to repair damages to the principal residence caused by a natural disaster acknowledged by ministerial decree,
i) over-indebtedness of the employee as defined by Article L. 331-2 of the Consumer Code, upon a request sent to the fund management company or the employer, either by the Chairman of the commission on consumer debt, or by the judge when the release of assets is deemed necessary for the discharge of the relevant party's liabilities. The same sh...
Early Exit. If CCB Intl exits early within the 2-year fixed investment period or after its choosing of an extension of the investment period, it must consult and reach agreement with VisionChina and Champ Elysee.
Early Exit. Either party may terminate this Agreement at any time during the Pilot by providing written notice. In such an event, EffiGov shall cease further deployment and provide Customer with all performance data collected up to the termination date. As this Pilot is provided at no cost to the Customer, no refunds shall be applicable in the event of early termination.