MODIFICATION ACTIONS Clause Samples

The MODIFICATION ACTIONS clause defines the procedures and conditions under which changes can be made to the terms of an agreement. Typically, this clause outlines who has the authority to propose or approve modifications, the required form such changes must take (such as written amendments), and any necessary notifications or consents. For example, it may require both parties to sign a written document for any alteration to be valid. Its core practical function is to ensure that all parties are aware of and agree to any changes, thereby preventing unauthorized or informal modifications and maintaining contractual clarity.
MODIFICATION ACTIONS. Upon commencement of the Modification Period: (i) Executive shall immediately resign as an officer and/or director of ABM and of any ABM subsidiaries, as applicable, (ii) Executive shall promptly return all Company property in Executive’s possession to Company, including but not limited to any motor vehicles, equipment, supplies and documents set forth in Paragraph 11 of this Agreement, and (iii) ABM shall pay Executive when due any and all previously earned, but as yet unpaid, salary, Bonus pursuant to Paragraph 7B(iii), or other contingent compensation, reimbursement of business expenses and fringe benefits.
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MODIFICATION ACTIONS. 1. The Tribal Court may modify a Foreign Child Support Order which has properly been recognized by the Tribal Court under the provisions of Article V of this Agreement, and which either the Tribe, DCS, the non-custodial parent or the custodian properly seeks to modify in Tribal Court (“Modification action”), so long as, all of the following are satisfied: (a) The Tribal Court has personal jurisdiction over the non-custodial parent, the Custodian and the Child; and (b) The Tribal Court has subject matter jurisdiction over the provision(s) of the Child Support Order which are sought to be modified; and (c) The other Tribal court or State that issued the Foreign Child Support Order no longer has continuing exclusive jurisdiction; or that other Tribal court or State still has continuing exclusive jurisdiction, but the non-custodial parent, custodial parent and DCS consent to transfer of jurisdiction to the Tribal Court; and (d) The non-custodial parent, custodian and DCS are provided with reasonable notice and an opportunity to be heard in Tribal Court on the Modification action. 2. In any Modification action properly brought under the preceding paragraph, the Tribal Court shall have the authority to modify the Child Support Order only prospectively, and not retroactively, from the date that the Modification action was initiated by petition, motion or other similar pleading properly filed in Tribal Court, according to the laws of the Tribe.
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MODIFICATION ACTIONS. Upon commencement of the Modification Period: (i) Executive shall immediately resign as an officer and/or director of Company, ABM and/or of any ABM subsidiaries, as applicable, (ii) Executive shall promptly return all Company property in Executive’s possession to Company, including but not limited to any motor vehicles, equipment, supplies and documents set forth in Paragraph 11 of this Agreement, and (iii) Company shall pay Executive when due any and all previously earned, but as yet unpaid, salary, Bonus pursuant to Paragraph 7B(iii), or other contingent compensation, reimbursement of business expenses and perquisites.
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Related to MODIFICATION ACTIONS

  • Modifications to Documents reference to any agreement (including this Agreement and any other Loan Document together with the schedules and exhibits hereto or thereto), document or instrument means such agreement, document or instrument as amended, modified, replaced, substituted for, superseded or restated;

  • Other Modifications With respect to the Securities of this series, the Indenture shall be modified as follows: (a) The eighth paragraph of Section 305 of the Indenture shall be modified by inserting ", and a successor Depositary is not appointed by the Company within 90 days" at the end of clause (i) in such paragraph; and (b) Section 401 of the Indenture shall be modified by adding to the end of such Section the following paragraph: "For the purpose of this Section 401, trust funds may consist of (A) money in an amount, or (B) U.S. Government Obligations (as defined in Section 1304) which through the scheduled payment of principal and interest in respect thereof in accordance with their terms will provide, not later than one day before the due date of any payment, money in an amount, or (C) a combination thereof, sufficient, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, to pay and discharge, the principal of, premium, if any, and each installment of interest on the Securities of this series on the Stated Maturity of such principal or installment of interest on the day on which such payments are due and payable in accordance with the terms of this Indenture and of such Securities of this series."

  • Cost Modifications The parties may agree to a reduction in the cost of the Contract at any time during which the Contract is in effect. Without intending to impose a limitation on the nature of the reduction, the reduction may be to hourly, staffing or unit costs, the total cost of the Contract or the reduction may take such other form as the State deems to be necessary or appropriate.

  • Waiver; Modification Failure to insist upon strict compliance with any of the terms, covenants, or conditions hereof shall not be deemed a waiver of such term, covenant, or condition, nor shall any waiver or relinquishment of, or failure to insist upon strict compliance with, any right or power hereunder at any one or more times be deemed a waiver or relinquishment of such right or power at any other time or times. This Agreement shall not be modified in any respect except by a writing executed by each party hereto.

  • Amendments; Modifications This Agreement may not be amended or modified except in a writing duly executed by authorized representatives of both Parties.