PRINCIPAL FOR TRANSITIONAL PERIOD Sample Clauses

PRINCIPAL FOR TRANSITIONAL PERIOD. For a period up to Ninety (90) days following the date hereof, ▇▇▇▇▇▇▇ ▇▇▇▇▇▇, the sole officer and director of CIG and the holder of the Series 24 and 27 licenses for CIG, agrees to assist the Buyer in obtaining all regulatory approvals in connection with the transactions contemplated in this Agreement necessary for Closing. The Buyer agrees to pay all reasonable out of pocket expenses of ▇▇. ▇▇▇▇▇▇ incurred in connection with his assistance in the transfer of ownership the Shares. Thereafter, should the Buyer desire the further assistance of ▇▇. ▇▇▇▇▇▇ on a consulting basis, the Buyer shall compensate ▇▇. ▇▇▇▇▇▇ $2,000 a month on a month to month basis terminable at any time at the sole discretion of ▇▇. ▇▇▇▇▇▇.
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Related to PRINCIPAL FOR TRANSITIONAL PERIOD

  • Transitional Period At the end of the transitional period as defined in Article 10(2) of the Directive, Jersey shall cease to apply the retention tax and revenue sharing provided for in this Agreement and shall apply in respect of the other contracting party the automatic exchange of information provisions in the same manner as is provided for in Chapter II of the Directive. If during the transitional period Jersey elects to apply the automatic exchange o information provisions in the same manner as is provided for in Chapter II of the Directive, it shall no longe apply the withholding/retention tax and the revenue sharing provided for in Article 9 of this Agreement.

  • Transfer to Avoid Termination Event If either an Illegality under Section 5(b)(i)(1) or a Tax Event occurs and there is only one Affected Party, or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party, the Affected Party will, as a condition to its right to designate an Early Termination Date under Section 6(b)(iv), use all reasonable efforts (which will not require such party to incur a loss, excluding immaterial, incidental expenses) to transfer within 20 days after it gives notice under Section 6(b)(i) all its rights and obligations under this Agreement in respect of the Affected Transactions to another of its Offices or Affiliates so that such Termination Event ceases to exist. If the Affected Party is not able to make such a transfer it will give notice to the other party to that effect within such 20 day period, whereupon the other party may effect such a transfer within 30 days after the notice is given under Section 6(b)(i). Any such transfer by a party under this Section 6(b)(ii) will be subject to and conditional upon the prior written consent of the other party, which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed.

  • Additional Termination Event If any "Additional Termination Event" is specified in the Schedule or any Confirmation as applying, the occurrence of such event (and, in such event, the Affected Party or Affected Parties shall be as specified for such Additional Termination Event in the Schedule or such Confirmation).

  • 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.

  • Scheduled RDOs on Designated Long Weekends It is recognised that there is merit in programming no work on the RDOs adjacent to public holiday weekends during the working year. This will allow Employees to have quality paid family leisure time.