Tail Period and ROFR Sample Clauses

Tail Period and ROFR. Notwithstanding anything contained in the Agreement to the contrary, unless the Agreement is terminated pursuant to Section 8(a)(i)(A) because of a breach by Service Provider: (a) Sterling Select shall be entitled to all Revenue Share Payments pursuant to, and in accordance with, this Section 2 if any sale, license or other transaction that is covered in this Section 2 occurs between the termination of this Agreement and twelve (12) months thereafter (“Tail Period”). Additionally, unless the Agreement is terminated pursuant to Section 8(a)(i)(A) because of a breach by Service Provider, Sterling Select is hereby granted, during the term and for the Tail Period, a right of first refusal in the event Clearday offers any exclusive license or other exclusive or exclusionary market or similar marketing rights to any bona fide third person that is a wholesaler, master licensor, master franchisor or similar person covering any part or all of the Clearday Core Business in the Priority Areas. For the purposes of this Exhibit, the term “indirect” shall mean where it is reasonably foreseeable at the time of the Introduction by Sterling Select of the Introduced Relationship that such Person(s) are the cause of such transaction, sale, arrangement or agreement that generated the revenue described above. For example, for the purposes of this Exhibit, any direct Introduction with respect to a hospital system or medical practice includes the other medical practices that are associated with such hospital system or medical practice even if not an Affiliate. Either Party may require upon reasonable notice that the other Party list any such indirect relationship and any dispute will be resolved through mediation and arbitration.
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Related to Tail Period and ROFR

  • Contract Period and Renewal The Contract is effective on the signature date of the latter of the Parties to sign this agreement and terminates on June 30, 2023, unless renewed, extended, or terminated pursuant to the terms and conditions of the Contract. The Parties may extend this Contract subject to mutually agreeable terms and conditions.

  • 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.

  • Restriction Period and Vesting (a) The restrictions on the Award shall lapse on the earliest of the following: (i) with respect to one-fifth of the aggregate number of shares of Stock subject to the Award on February 19, 1998 and as to an additional one-fifth of such aggregate number of shares on each anniversary thereof during the years 1999 through 2002, inclusive, or (ii) in accordance with Section 6.8 of the Plan (the "Restriction Period"). (b) If the Holder's employment with the Company is terminated by the Company during the Restriction Period or by reason of the Holder's "Permanent and Total Disability" (as such term is defined in the Plan), or by reason of the Holder's voluntary resignation or retirement or his death, then any shares of Stock as to which restrictions have not lapsed shall be forfeited.

  • Listing Period Extension The Commission shall be due if the Property is sold, conveyed, exchanged, optioned, or otherwise transferred within _ _ days (“Extension Period”) after the expiration of the Listing Period to anyone with whom the Broker or Agency has negotiated unless the Property is listed, in good faith, with another real estate agency. The term “negotiation” shall include providing information about the Property, showing the Property, or presenting an offer on the Property. All rights under this Section shall terminate upon the expiration of the Extension Period.

  • Renewal Periods Renewal of registered names may be made in one (1) year increments for up to a maximum of ten (10) years. For the avoidance of doubt, renewal of registered names may not extend their registration period beyond ten (10) years from the time of the renewal.