EFFECTIVE DATE OF THE GRANT Sample Clauses

The "Effective Date of the Grant" clause establishes the specific date on which a grant, such as a stock option or other equity award, becomes legally valid and enforceable. This date determines when the recipient's rights under the grant begin, which can affect vesting schedules, eligibility for certain benefits, and tax implications. By clearly defining the starting point of the grant, this clause ensures clarity for both parties and helps prevent disputes regarding the timing and validity of the granted rights.
EFFECTIVE DATE OF THE GRANT. A. This Grant Agreement will be in effect from Start Date, or upon signature of the Director of ODJFS, whichever is later, through End Date, unless this Agreement is suspended or terminated pursuant to ARTICLE IV prior to the above termination date. This Agreement may be renewed through [DATE], upon satisfactory completion of activities hereunder, appropriation of funds by the Ohio General Assembly, and at the sole discretion of ODJFS. ODJFS will issue a notice to GRANTEE if ODJFS decides to renew this Agreement. GRANTEE will not obligate resources in anticipation of a renewal until notice is provided. B. In addition to Section A above, it is expressly understood by both ODJFS and GRANTEE that this Agreement will not be valid and enforceable until the Director of the Office of Budget and Management, State of Ohio, first certifies, pursuant to ORC 126.07, that there is a balance in the appropriation not already allocated to pay existing obligations. The ODJFS Agreement Manager will notify GRANTEE when this certification is given.
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EFFECTIVE DATE OF THE GRANT. A. This Grant Agreement will be in effect from , 200_ through June 30, 200_, unless this Grant Agreement is suspended or terminated pursuant to ARTICLE IV prior to the above termination date. This Grant Agreement may be renewed through , 200_ upon satisfactory completion of Grant activities, appropriation of funds by the Ohio General Assembly, and at GOFBCI’s sole discretion. If GOFBCI decides to renew this Grant Agreement, it will issue a notice to GRANTEE. GRANTEE will not obligate resources in anticipation of a renewal until such notice is provided. B. In addition to the above paragraph it is expressly understood by both GOFBCI and GRANTEE that this Grant Agreement will not be valid and enforceable until the Director of the Office of Budget and Management, State of Ohio, first certifies, pursuant to section 126.07 of the Ohio Revised Code (ORC), that there is a balance in the appropriation not already allocated to pay existing obligations. The GOFBCI Grant Manager will notify GRANTEE when this certification is given.
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EFFECTIVE DATE OF THE GRANT. This Grant Agreement will be in effect from January 1, 2020 through December 31, 2021; unless this Grant Agreement is suspended, terminated or extended in writing by the parties.
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EFFECTIVE DATE OF THE GRANT. A. This Agreement will be in effect from October 7, 2019, or upon signature of the Director of ODM, whichever is later, through June 30, 2021, unless this Agreement is suspended or terminated prior to the expiration date. B. It is expressly understood by both ODM and GRANTEE that this Agreement will not be valid and enforceable until the Director of the Office of Budget and Management, State of Ohio, first certifies, pursuant to Section 126.07 of the Ohio Revised Code (ORC), that there is a balance in the appropriation not already allocated to pay existing obligations.
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Related to EFFECTIVE DATE OF THE GRANT

  • Effective Date of Amendment This Amendment shall be deemed effective as of the date first written above, as if executed on such date.

  • EFFECTIVE DATE OF CONTRACT The contract shall come into effect on the date of signatures of both the parties on the contract and shall remain valid until the completion of the obligation of the parties under the contract. The deliveries and supplies and performance of the services shall commence from the effective date of the contract.

  • Effective Date of the Agreement The date indicated in the Agreement on which it becomes effective, but if no such date is indicated, it means the date on which the Agreement is signed and delivered by the last of the two parties to sign and deliver.

  • Effective Date This agreement shall be effective upon its execution, and unless terminated as provided, shall continue in force until May 31, 2006 and thereafter from year to year, provided continuance is approved annually by the vote of a majority of the Board members of the Issuer, and by the vote of those Board members of the Issuer who are not "interested persons" of the Issuer and, if a plan under Rule 12b-1 under the Investment Company Act of 1940 is in effect, by the vote of those Board members of the Issuer who are not "interested persons" of the Issuer and who are not parties to the Distribution and Service Plan or this Agreement and have no financial interest in the operation of the Distribution and Service Plan or in any agreements related to the Distribution and Service Plan, cast in person at a meeting called for the purpose of voting on the approval. This Agreement shall automatically terminate in the event of its assignment. As used in this paragraph, the terms "assignment" and "interested persons" shall have the respective meanings specified in the Investment Company Act of 1940 as now in effect or as hereafter amended. In addition to termination by failure to approve continuance or by assignment, this Agreement may at any time be terminated by either party upon not less than sixty days' prior written notice to the other party.

  • Effective Date; Duration This Agreement shall become effective when signed by both parties and approved by the City’s legal counsel. Unless sooner terminated, this Agreement shall expire on June 30, 2019. Termination or expiration shall not extinguish or prejudice the City’s right to enforce this Agreement with respect to any default or defect in performance that has not been cured.