Split Contracts Sample Clauses

Split Contracts. After the point in the regular season at which a player with four or more Accrued Seasons who signed his Player Contract when he was a Restricted Free Agent has been placed on the Active List of his Club , he must for the balance of that regular season be paid his Active List salary if he is thereafter placed on the Inactive List, whether or not his Player Contract calls for a lower salary if he is placed on the Inactive List.

Split Contracts. A charter flight being object of a split contract or a split contract can only be cancelled with legal effect, if all Clients within the split contract agree in writing to the withdrawal or cancellation of parts of the split contract. Provided that the Clients do not notify of the withdrawal or cancellation of the split contract in a common declaration of intent, the withdrawal or cancellation shall only get legal effect after receiving the last declaration of intent of a Client. The Carrier shall only comply with the split contract in so far as all other Clients comply with their obligations arising from the split contract. Provided that one or more Clients do not properly comply with their obligations of the split contract and if the Carrier does not provide their services for this reason, the other Clients shall not be entitled to assert their claim for damages to the Carrier. The Clients shall collectively be liable for all claims which the Carrier asserts to one or more Clients from the split contract.

Split Contracts. In the case of a Player who signs a Major League Contract which sets forth a separate rate of pay for Minor League service, the rate of pay to be utilized in calculating termination pay under the preceding Sec- tions A, B and C shall be: (1) the Minor League rate, if the termination occurs in the off- season; (2) the Minor League rate, if the termination occurs during Spring Training, but on or before the 16th day prior to the start of the championship season; (3) the Major League rate, if the termination occurs during Spring Training, but subsequent to the 16th day prior to the start of the championship season; (4) the Minor League rate, if the termination occurs during the season and the Player is, at the time of termination, in the Minor Leagues; and the Major League rate, if the termination occurs dur- ing the season and the Player is, at the time of termination, in the Major Leagues. In the application of this subparagraph (4), a Player’s Contract may not be assigned to the Minor Leagues for the purpose of reducing the Player’s termination pay. Notwithstanding the above, a Player whose Contract is not assignable to the Minor Leagues without his consent, or a Player selected by a Major League Club in the immediately preceding Rule 5 draft, shall be entitled to receive termination pay at the Major League rate unless ter- minated during the championship season at a time when his Contract is under assignment to the Minor Leagues.

Split Contracts. The benefits of the Contracts which are apportioned to the Purchaser pursuant to the Framework Agreement;

Split Contracts. A Player signatory to a Split Contract shall be included in Actual Club Payroll at the total amount of his actual baseball earnings under that Contract from Major League Clubs (and from National Association clubs, if any) for that Contract Year, subject to subparagraph (g) below.

Split Contracts. (a) From the date hereof until the Closing, upon the Buyers’ written request, with respect to any Split Contract, the Sellers and the Buyers shall use, and shall cause their respective Affiliates (including, after the Closing Date with respect to the Buyers, the Transferred Entities) to use, commercially reasonable efforts to cause the counterparty to such Split Contract to (i) enter into a new contract with the applicable Transferred Entity on terms substantially similar in all material respects to those contained in such Split Contract, in order for the Transferred Entity to receive the applicable benefits and bear the applicable burdens and obligations under such Split Contract (each such new contract, a “New Contract”), it being understood that a New Contract will not necessarily contain the same terms as the Split Contract to which it relates, or (ii) if practicable, and (subject to any required third-party consents or notices and any restrictions imposed by applicable Law), assign to the applicable Transferred Entity the benefits and obligations under such Split Contract to the extent relating to the Business; provided that no party to such Split Contract shall be required to assign any such benefits and obligations under any Split Contract if doing so would be reasonably expected to adversely affect its rights thereunder. In connection with the entering into of New Contracts, the Sellers and the Buyers shall use, and shall cause their respective Affiliates to use, reasonable best efforts to ensure that each member of the Seller Group and its Affiliates are released by such counterparty with respect to all liabilities and obligations relating to the Business. (b) If, prior to the Closing, the parties, with respect to any such Split Contract, are not able to obtain a New Contract in respect of such Split Contract or to assign to, as applicable, the applicable Transferred Entity the benefits and obligations of such Split Contract to the extent relating to the Business (which failure shall not constitute a breach of this Agreement or give rise to the failure of any condition to Closing), then until the earlier of (x) the first renewal date of such Split Contract and (y) the expiration of the applicable service set forth in the Transition Services Agreement: (i) the Sellers and the Buyers shall continue to use commercially reasonable efforts to cause the counterparty to enter into such a New Contract or so assign such benefits and obligations under such ...

Split Contracts. 25 E. Injury ........................................................ 26 F. Non-Duplication ............................................... 26 ARTICLE X-World Series, League Championship Series and Division Series Players' Pool............................ 26 A. Creation of Pool............................................... 26

Split Contracts. In the case of a Player who signs a Major League Contract which sets forth a separate rate of pay for National Association service, the rate of pay to be utilized in calculating termination pay under the preceding Sections A, B and C shall be: (1) The National Association rate, if the termination occurs in the off- season; (2) The National Association rate, if the termination occurs during spring training, but on or before the 16th day prior to the start of the championship season; (3) The Major League rate, if the termination occurs during spring training, but subsequent to the 16th day prior to the start of the championship season; (4) The National Association rate, if the termination occurs during the season and the Player is, at the time of termination, in the National Association; and the Major League rate, if the termination occurs during the season and the Player is, at the time of termination, in the Major Leagues. In the application of this paragraph (4), a Player’s Contract may not be assigned to the National Association for the purpose of reducing the Player’s termination pay. Notwithstanding the above, a Player whose Contract is not assignable to the National Association without his consent, or a Player selected by a Major League Club in the immediately preceding Rule 5 draft, shall be entitled to receive termination pay at the Major League rate unless terminated during the championship season at a time when his Contract is under assignment to the National Association.

Split Contracts. (a) The parties agree to use their reasonable endeavours to procure that each counterparty to a Split Contract will consent to: (i) the novation to the Purchaser (or the relevant member of the Purchaser's Group) of those parts of the Split Contract which relate to the Worldwide Business and to ICI (or the relevant member of the ICI Group) remaining as a party to those parts of the Split Contract which relate to the Excluded Business; or (ii) enter into a new contract with effect from the Transfer Time with the Purchaser (or the relevant member of the Purchaser’s Group) in relation to that part of the Split Contract which relates to the Worldwide Business and to enter into a new contract with effect from the Transfer Time with ICI (or the relevant member of the ICI Group) in relation to that part of the Split Contract which relates to the Excluded Business. (b) The parties shall each use their reasonable endeavours to procure such agreement from each counterparty and the Purchaser (or the relevant member of the Purchaser’s Group) agrees to provide any information or guarantee reasonably requested by a counterparty (including, if necessary, information or a guarantee from the parent company of the Purchaser’s Group) and where Back to Contents such agreement is not obtained, the parties agree that the relevant Split Contract shall be treated as a Shared Contract in accordance with Clauses 11.2 (Shared Contracts held by the Companies) and 11.3 (Shared Contracts held by the ICI Group (other than the Companies)).