Release from Duties Clause Samples

The 'Release from Duties' clause defines the circumstances under which a party is formally excused from fulfilling certain contractual obligations. Typically, this clause outlines specific events—such as force majeure, mutual agreement, or completion of key milestones—that trigger the release, and may specify which duties are affected. Its core practical function is to provide a clear mechanism for parties to be relieved from performance requirements when continuing would be impractical or unfair, thereby reducing uncertainty and potential disputes.
Release from Duties. Any negotiations held during the school day on behalf of the Association and the District, the employees on the negotiation team shall be released from regular duties without loss of salary or benefits.
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Release from Duties. All community officers are subject to release from duties by UCF Alumni for non-compliance with the office’s policies and procedures. Community officers who engage in behavior and/or activities that do not represent the University in a positive and professional manner are also subject to release from duties at the discretion of UCF Alumni. Community officers who have not met the duties and requirements for their role are subject to release from duties at the discretion of UCF Alumni.
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Release from Duties. In consideration of the assumption by --------------------- Energizer, from and after the Effective Date, the Bank confirms that ▇▇▇▇▇▇▇ shall be discharged from all of its duties and obligations as Borrower under the Bridge Agreement and the other documents, instruments and agreements entered into in connection therewith and that from and after the Effective Date, ▇▇▇▇▇▇▇ shall have no further obligations or liabilities thereunder to the Bank.
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Release from Duties. The time gained when professional employees are released from duties is expected to be used for student related needs.
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Release from Duties. If the Board deems it necessary to involve employees during the school day in negotiating on behalf of the Association, such employees may be released from regular duties without loss of salary. The number of employees so released will not exceed two (2).
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Release from Duties. Upon recommendation of the Department Chair and approval by the Administration, a faculty member shall be released from regular duties without loss of salary for the purpose of participating in area, regional or national meetings.
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Release from Duties. In consideration of the assumption by Energizer, from -------------------- and after the Effective Date, Bank One, NA on behalf of itself, the Agents and the other Lenders confirms that ▇▇▇▇▇▇▇ shall be discharged from all of its duties and obligations as Borrower under the Credit Agreements and the other documents, instruments and agreements entered into in connection therewith and that from and after the Effective Date, ▇▇▇▇▇▇▇ shall have no further obligations or liabilities thereunder to the Lenders or the Agents.
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Release from Duties. The Employee and the Company expressly agree that nothing in this Agreement shall prohibit the Company from relieving the Employee of his duties as President and Chief Executive officer for any reason, and that any such action ("Action") will not constitute a breach of this Agreement. If the Company takes such Action for any reason other than as set forth in Section 5.1 or 5.2 hereof, the Company will pay to the Employee the greater of the remaining salary payments due the Employee for the remainder of the Employment Period, or an amount equal to one year's salary payments at Employee's base rate of pay upon date of such Action, plus the portion of the Operating Income Bonus payable pursuant to Section 3.2 hereof through the date of such Action. The Employee shall be paid the foregoing salary bimonthly. In addition, the Company will provide Employee life and health insurance and such other similar benefits as Employee is receiving upon the date of discharge for the remaining term of the Employment Period or one year, whichever is longer. Employee shall be deemed to have "Continuing Status as an Employee" for all purposes under the Stock Option Plan for the duration of the period in which Employee is entitled to receive salary payments under this Section 5.3. As a consequence, Options unvested as of the date of such Action will continue to vest during said period.
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Release from Duties. If this Agreement expires or is terminated, both Parties shall be released from all obligations and duties imposed or assumed hereunder to the extent so terminated, except as expressly provided to the contrary in this Agreement.
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Related to Release from Duties

  • Release from Escrow (1) The Shareholder irrevocably directs the Escrow Agent to retain the Shares until the Shares are released from escrow pursuant to subsection (2) or surrendered for cancellation pursuant to section 8. (2) The Escrow Agent shall not release the Shares from escrow unless the Escrow Agent has received a letter from the Superintendent or the Exchange consenting to the release. (3) The approval of the Superintendent or the Exchange to a release from escrow of any of the Shares shall terminate this agreement only in respect of the Shares so released.

  • Release from Contract An employee under contract shall be released from the obligations of the contract upon request under the following conditions:

  • Release; Termination (a) Upon any sale, lease, transfer or other disposition of any item of Collateral of any Grantor in accordance with the terms of the Loan Documents or otherwise as specified in Section 9.10 of the Credit Agreement, the Collateral Agent will, at such Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor or the applicable transferee shall reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted hereby; provided, however, that (i) at the time of such request and such release no Event of Default shall have occurred and be continuing, (ii) such Grantor shall have delivered to the Collateral Agent, at least five days prior to the date of the proposed release (or such later date as may be reasonably acceptable to the Collateral Agent), a written request for release in reasonable detail describing the item of Collateral, together with a form of release for execution by the Collateral Agent and a certificate of such Grantor to the effect that the transaction is in compliance with the Loan Documents, (iii) the proceeds of any such sale, lease, transfer or other disposition required to be applied, or any payment to be made in connection therewith, in accordance with Section 2.05 of the Credit Agreement shall, to the extent so required, be paid or made to, or in accordance with the instructions of, the Collateral Agent when and as required under Section 2.05 of the Credit Agreement, and (iv) with respect to sales, leases, transfers or the dispositions of Equipment and Inventory in the ordinary course of business and other sales, leases, transfers or other dispositions and dispositions that are not prohibited by the Credit Agreement, the Liens granted herein shall, to the extent contemplated by Section 9.10 of the Credit Agreement, be deemed to be released with no further action on the part of any Person. (b) Upon the latest of (i) the payment in full in cash of the Secured Obligations (other than contingent indemnification obligations as to which (x) no claim has been made or (y) if a claim has been made such claim is in a determinable amount and has been Cash Collateralized) and (ii) the expiration or termination or Cash Collateralization in accordance with Section 2.03(g) of the Credit Agreement of all Letters of Credit, the pledge and security interest granted hereby shall terminate and all rights to the Collateral shall revert to the applicable Grantor. Upon any such termination, the Collateral Agent will, at the applicable Grantor’s expense, execute and deliver to such Grantor such documents as such Grantor shall reasonably request to evidence such termination.

  • Prevention of and release from arrest Each Borrower shall promptly discharge: (a) all liabilities which give or may give rise to maritime or possessory liens on or claims enforceable against the Ship owned by it, the Earnings or the Insurances; (b) all taxes, dues and other amounts charged in respect of the Ship owned by it, the Earnings or the Insurances; and (c) all other outgoings whatsoever in respect of the Ship owned by it, the Earnings or the Insurances, and, forthwith upon receiving notice of the arrest of the Ship owned by it, or of its detention in exercise or purported exercise of any lien or claim, that Borrower shall procure its release by providing bail or otherwise as the circumstances may require.

  • Release from Liability Contractor generally releases from liability and waives all claims against any party providing information about the Contractor at the request of System Agency.