Flex Period Clause Samples

A Flex Period clause allows for a designated timeframe during which certain terms of an agreement, such as deadlines or deliverables, can be adjusted without breaching the contract. Typically, this clause specifies the length of the flex period and the conditions under which it can be invoked, such as unforeseen delays or changes in project scope. Its core practical function is to provide flexibility and accommodate unexpected circumstances, thereby reducing the risk of default and promoting smoother contract performance.
Flex Period. Subject to the requirements of the duties of an employee’s position and directives of their supervisor, employees can elect, in agreement with their supervisor, their hours of duty and times of attendance during the Flex Periods 6.00 am to 9.30 am, 12 noon to 2.00 pm and 4.00 pm to 6.00 pm. vi Notification of Absence
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Flex Period. The period beginning on the date five (5) Business Days after the date on which the Borrower notifies the Agent that the Borrower has acquired, directly or through one (1) or more Subsidiaries, Real Estate after the Closing Date with an aggregate Appraised Value of at least $200,000,000, which notice shall include such details about such Real Estate as the Agent shall request, and ending on the date on which the ratio of Consolidated Total Indebtedness to the Consolidated Total Asset Value is greater than sixty-five percent (65%); provided, however, that the Borrower must commence the Flex Period on or before the first anniversary of the Closing Date.
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Related to Flex Period

  • ▇▇▇▇▇ Period After payment of the first Dues, the Subscriber is entitled to a grace period of 30 days for the payment of any Dues due. During this grace period, the Agreement will remain in force. However, the Subscriber will be liable for payment of Dues accruing during the period the Agreement continues in force.

  • week period During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • Flex Time Agencies shall, where practicable, establish flex time work schedules for their employees. Such flex time work schedules shall guarantee the Employer's ability to provide services, to meet all workload demands as defined by the Employer, and to the extent practicable, meet employees' personal scheduling preferences. Approval of such requests shall not be unreasonably denied.

  • Tolling Period If it becomes necessary or desirable for the Corporation to seek compliance with the provisions of Section 14.2 by legal proceedings, the period during which Grantee shall comply with said provisions will extend for a period of twelve (12) months from the date the Corporation institutes legal proceedings for injunctive or other relief.