Expiration of the Contract term Sample Clauses

The "Expiration of the Contract term" clause defines when and how a contract naturally comes to an end based on the passage of a specified period or the fulfillment of agreed-upon conditions. Typically, this clause will state the exact date or event that marks the contract's conclusion, and may outline any procedures for winding down obligations, such as final payments or the return of property. Its core function is to provide certainty to both parties about when their contractual relationship ends, thereby preventing misunderstandings or disputes regarding ongoing responsibilities.
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Expiration of the Contract term a) The Contract shall be terminated upon the deadline established in Clause 3 or any extended deadline granted in accordance with any extension or in case of suspension of the Contract term. In such case, no compensation shall be owed to the CONCESSIONAIRE, nor any indemnity amount whatsoever, for possible damages that may be caused to either of the Parties by the termination of the Contract. b) Once the Contract term has expired, the ownership of the Concession Assets shall be transferred to the GRANTOR, or the party designated thereby, in accordance with Clause 13.1.13.
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Expiration of the Contract term. At the expiration of the Contract Term, Group shall pay to HDS no additional amounts beyond the monthly amounts calculated for the entirety of the Contract Term.
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Expiration of the Contract term. If the Company does not offer the Executive a new employment agreement on terms and conditions substantially similar to the terms and conditions of this Agreement (and is willing to execute same in a timely manner) no later than 90 days’ prior to the expiration of the Contract Term, assuming the Executive was ready and willing to continue to provide services, the Executive’s employment shall automatically terminate on the last day of the Contract Term and such termination shall be treated as a termination without Cause under Section 8(a) of this Agreement and a termination without Cause for the purposes of any other agreement, plan or policy of the Company and/or the Partnership, provided that upon termination of the Executive’s employment pursuant to this Section 24 the cash severance under Section 8(a) of this Agreement shall be 100% (instead of 300%) times the sum of (A) the Executive’s Annual Base Salary and (B) his Deemed Annual Bonus for the Contract Year in which the termination occurs. For the avoidance of doubt, the Executive shall also be entitled to any earned Annual Bonus for the last full Contract Year of the Contract Term in accordance with the applicable Annual Bonus plan, with any personal performance goals deemed to be earned at 100%, payable in accordance with Section 6(d).
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Expiration of the Contract term x Any one of the conditions has been met. x All have been met. (The two parties shall jointly select one of the two options above, and ▇▇▇▇ the selected item with a “ü” in the ¨) Where one of the conditions is present, Party A shall not be required to return the security:
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Related to Expiration of the Contract term

  • Termination of the Contract 1. The Contractor may terminate the contract if the Partner has inadequately discharged or failed to discharge any of the contractual obligations, insofar as this is not due to force majeure, after notification of the Partner by registered letter has remained without effect for one month. 2. The Partner shall immediately notify the Contractor, supplying all relevant information, of any event likely to prejudice the performance of this contract.

  • Expiration of the Term This Agreement shall terminate automatically at the expiration of the Period of Employment unless the parties enter into a written agreement extending Employee's employment, except for the continuing obligations of the parties as specified hereunder.

  • Termination and Suspension of the Contract The Competent Body shall suspend the Contract in a binding order if: o The License is suspended; o There is a direct threat to life or health of the people working or residing in a zone influenced by the operations under the Contract;

  • TERM OF THE CONTRACT This Contract begins on 07/01/2015 and ends on 06/30/2016. DSHS has the option, in its sole discretion, to renew the Contract. DSHS is not responsible for payment under this Contract before both parties have signed the Contract or before the start date of the Contract, whichever is later.

  • Expiration of Term During the Initial Term or Renewal Term, whichever currently is in effect, should either party exercise its right to terminate, all out-of-pocket expenses or costs associated with the movement of records and material will be borne by the Fund. Additionally, the Transfer Agent reserves the right to charge for any other reasonable expenses associated with such termination.