Termination Assumption Sample Clauses
The Termination Assumption clause defines the conditions under which parties to an agreement may presume that the contract has ended or will end. Typically, this clause outlines specific events, such as breach, insolvency, or mutual agreement, that trigger the assumption of termination, and may specify the procedures or notifications required. Its core practical function is to provide clarity and certainty for both parties regarding when contractual obligations cease, thereby reducing disputes and managing risk in the event of contract dissolution.
Termination Assumption. The Termination Assumption shall be calculated using the Sarinson T3 Actuarial Table agreed to on the Buyout summary sheet.
Termination Assumption. The termination assumption shall be calculated using a four percent (4%) turnover rate. Such four percent (4%) shall be adjusted to reflect a corresponding slope with the Sarinson T3 actuarial table.
Termination Assumption. The Termination Assumption shall be calculated at a two percent (2.0%) annual rate.
Termination Assumption. It is assumed that an employee terminates employment at the end of the school year in which the employee has accumulated a minimum of twenty (20) years creditable teaching experience and at least fifteen (15) years teaching service with ▇▇▇▇▇▇- ▇▇▇▇▇▇▇▇ Special Education Cooperative, and the employee is fifty-five (55) years of age during the calendar year of retirement The Termination Assumption shall be calculated using the Sarinson T3 Actuarial Table.
Termination Assumption. At Owner’s election, either (i) Manager shall terminate any terminable Project Contracts; or (ii) Owner shall assume any Project Contracts and indemnify Manager against any liability by reason of anything done or required to be done under any Project Contracts after the date of termination, in addition to any indemnification obligations of Owner hereunder that survive termination; and
Termination Assumption. A termination assumption has been calculated by incorporating data from a termination table and from ESC’s data input sheet. The table has been developed using historical data from school districts in the State of Indiana. The data primarily consists of the length of service for certified staff members at the time of termination.
Termination Assumption. The Company shall not enter into or be party to a Qualified Change of Control Transaction that is to be treated as an Assumption pursuant to Section 5(c)(i) unless any Successor Entity (1) assumes in writing all of the obligations of the Company under this Warrant, the Facility Agreement and the Registration Rights Agreement in accordance with the provisions of this Section (ii) pursuant to written agreements in form and substance satisfactory to the Holder and approved by the Holder prior to such Qualified Change of Control Transaction, including agreements to deliver to each holder of Warrants in exchange for such Warrants a security of the Successor Entity evidenced by a written instrument substantially similar in form and substance to the Warrants, including, without limitation, representing the appropriate number of shares of the Successor Entity, having similar exercise rights as the Warrants (including but not limited to a similar Exercise Price and similar Exercise Price adjustment provisions based on the price per share or conversion ratio to be received by the holders of Common Stock in the Major Transaction) and similar registration rights as provided by the Registration Rights Agreement , satisfactory to the Holder and (2) is a publicly traded corporation whose common stock is quoted on or listed for trading on an Eligible Market. Upon the occurrence of any assumption of the Warrant, any Successor Entity shall succeed to, and be substituted for (so that from and after the date of such Major Transaction, the provisions of this Warrant and the Registration Rights Agreement referring to the “Company” shall refer instead to the Successor Entity), and may exercise every right and power of the Company and shall assume all of the obligations of the Company under this Warrant with the same effect as if such Successor Entity had been named as the Company herein. Upon the assumption of this Warrant, the Successor Entity shall deliver to the Holder confirmation that there shall be issued upon exercise or redemption of this Warrant at any time after the consummation of the Qualified Change of Control Transaction, in lieu of the shares of Common Stock (or other securities, cash, assets or other property) issuable upon the exercise of the Warrants prior to such Qualified Change of Control Transaction, such shares of publicly traded common stock (or their equivalent) of the Successor Entity, as adjusted in accordance with the provisions of this Warrant. The p...
Termination Assumption. The termination assumption shall be cal- culated using a four percent (4%) turnover rate. Such four percent (4%) shall be adjusted to reflect a corresponding slope with the ▇▇- ▇▇▇▇▇▇ T3 actuarial table.