Term and Operation Sample Clauses

The 'Term and Operation' clause defines the duration and the conditions under which an agreement remains in effect. It typically specifies the start date, the length of the contract, and any provisions for renewal or extension. For example, it may state that the agreement is valid for one year and will automatically renew unless either party provides notice of termination. This clause ensures both parties are clear on when their obligations begin and end, thereby preventing misunderstandings about the contract's validity period.
Term and Operation. 3.1 This Agreement will commence on 1 January 2017 or 7 days after it is approved by the Fair Work Commission, whichever is later (‘the commencement date’) and remains in force until 31 December 2019. 3.2 As soon as practicable after the commencement date of this Agreement the Employer will pay each Teacher the difference (if any) between the rates of pay provided in this Agreement, and the amount actually received by the Teacher for the relevant period.
Term and Operation. This Agreement will commence on the Effective Date and will continue until the first anniversary thereof unless, prior to such first anniversary, (i) Consultant dies, (ii) Consultant provides to the Company written notice that Consultant is terminating this Agreement, (iii) the Company terminates this Agreement pursuant to Section 5, or (iv) the Company terminates this Agreement for Cause. If the Company terminates this 1 NTD: The Effective Date will be the date that Consultant incurs a “separation from service” within the meaning of 409A. Agreement for any reason other than pursuant to clause (iii) or (iv) of the foregoing sentence, the Company shall continue to pay the consulting fee to Consultant as provided under this Agreement. Except as otherwise set forth in herein, following termination of this Agreement, neither party hereto will have any liability to the other hereunder, except for the Company’s obligation to pay Consultant any fees accrued through the date of termination.
Term and Operation. 3.1 This Agreement commences seven days after the Fair Work Commission approves the Agreement and remains in force until 31 December 2016. 3.2 As soon as practicable after the date of commencement, the Employer will pay each Employee the difference (if any) between the rates of pay provided in this Agreement, and the amount actually received by the Employee for the relevant period. Note: This Agreement provides rates of pay for Employees from the first full pay period on or after 29 January 2015.
Term and Operation. This Agreement will commence on the Effective Date and shall continue until, and shall end on, May 16, 2019. This Agreement will terminate automatically on the death of Consultant.
Term and Operation. The consulting services will commence on the Commencement Date and shall continue until, and shall end upon, December 31, 2013 (the “Consulting Period”). This Agreement may be terminated by Consultant during the Consulting Period in writing upon ninety (90) days written notice to the Company. This Agreement will terminate automatically at the end of the Consulting Period, but subject to the continuing survival of certain terms as set forth in Section 9 below. Company may terminate this Agreement during the Consulting Period upon a material breach of this Agreement by Consultant which is not cured within fifteen (15) days following written notice of such breach from Company. Notwithstanding anything else in this Agreement to the contrary, in the event this Agreement is terminated during the Consulting Period in accordance with this Section 2(b), all fees and other consideration as set forth in Section 2 shall cease as of the effective date of the termination of the Agreement.
Term and Operation. The consulting services will commence on the Commencement Date and shall continue until, and shall end upon, May 30, 2009 (the “Consulting Period”). This Agreement may be terminated by Consultant in writing upon ninety (90) days written notice to the Company. This Agreement will terminate automatically at the end of the Consulting Period, but subject to the continuing survival of certain terms as set forth in Section 11 below. Company may terminate this Agreement upon a material breach of this Agreement by Consultant which is not cured within fifteen (15) days following written notice of such breach from Company.
Term and Operation. 1.4.1 This Agreement will operate from the first full pay period on or after 01 July 2006 and shall remain in operation until its nominal expiry date on 30 June 2008. 1.4.2 This Agreement operates to the exclusion of all relevant or designated Awards, Industrial Agreements or instruments and any variations thereto that govern all Employees employed by the Employer.
Term and Operation. The terms of the consulting Services under this Agreement will commence on the Employment Termination Date and will continue until, and will end upon the Consultant’s Last Service Date. Consultant’s “Last Service Date” shall be June 23, 2020, subject to any earlier termination of this Agreement. The period between the Employment Termination Date and the Last Service Date, is hereinafter referred to as the “Consulting Period”.
Term and Operation. 5.1 The Agreement will commence operation on and from the 7th day after the Fair Work Commission has approved the Agreement and will have a nominal expiry date of 3 years from the date of commencement of operation. 5.2 Notwithstanding the nominal expiry date of this Agreement, it will continue to operate and apply beyond the nominal expiry date until the Agreement is terminated, or ceases to have effect, in accordance with the Act. 5.3 The Company and the Employees agree that the terms and conditions of employment contained in this Agreement are all inclusive and that all aspects of the employment relationship have been considered in arriving at this Agreement. 5.4 The Company agrees to start negotiations for renewal of this Agreement 2 months prior to its nominal expiry date.
Term and Operation. The term of the Contract is of 60 calendar days, previous subscription of the contract, budget registration of the contract and approval of the Sole Warranty. The legal effect of the contract is equal to the term of the same plus 2 months. FIFTH CLAUSE: WAY OF PAYMENT. The SOCIAL WELFARE will pay to the CONTRACTOR in the following way: 40% of the amount of the present contract within the 15 calendar days following the subscription of the Initiation Act between the Telematic Coordinator and the CONTRACTOR. 30% of the amount of the contract within the 15 following days, previous verification that the object of the contract is developed in half. The remaining 30% of the amount of the contract once received the object of the contract and put in operation, within the 30 working days following to the date of presentation of the commercial invoice.