Termination Due to Funding Clause Samples

The 'Termination Due to Funding' clause allows a party to end the agreement if sufficient funding is not secured or is withdrawn. In practice, this clause typically applies to contracts dependent on external grants, government appropriations, or other financial sources, and it enables a party to terminate the contract without penalty if the necessary funds are unavailable. Its core function is to protect parties from being obligated to perform or pay under the contract when the expected financial resources are not provided, thereby allocating risk related to funding shortfalls.
Termination Due to Funding. The Shire reserves all rights to terminate or amend the budget subject to the availability of funding and hence terminate this agreement by three months written notice to the Funding Recipient.
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Termination Due to Funding. In the event funding from any state, federal, or other source is withdrawn, reduced, or limited in any way after the date this Contract is signed and prior to the termination date, HCA may, in whole or in part, suspend or terminate this Contract upon fifteen (15) calendar days’ prior written notice to Contractor or upon the effective date of withdrawn or reduced funding, whichever occurs earlier. At HCA’s sole discretion the Contract may be renegotiated under the revised funding conditions. If this Contract is so terminated or suspended, HCA shall be liable only for payment in accordance with the terms of this Contract for services rendered prior to the effective date.
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Termination Due to Funding. In the event funding from state, federal, or other sources is withdrawn, reduced, or limited in any way after the effective date of this contract and prior to normal completion, the AGENCY may terminate the contract under the "Termination for Convenience" clause, without the ten-day notice requirement, subject to renegotiation at the AGENCY’S discretion under those new funding limitations and conditions.
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Termination Due to Funding. In the event that funds are not available in TUSD’s Budget for this program, TUSD agrees to provide a thirty (30) day written notice to BUMG of the termination. TUSD shall pay to BUMG the compensation earned under Section 2, Attachment A to the effective date of the termination.
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Termination Due to Funding. ‌ In the event funding from any state, federal, or other source is withdrawn, reduced, or limited in any way after the date this Contract is signed and prior to the termination date, GCBH may, in whole or in part, suspend or terminate this Contract upon the effective date of withdrawn or reduced funding, whichever occurs earlier. The Contractor is entitled to terminate the agreement as of the effective date. The contract may be renegotiated under the new/revised funding conditions. If this Contract is so terminated or suspended, GCBH shall be liable only for payment in accordance with the terms of this Contract for services rendered prior to the effective date.
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Related to Termination Due to Funding

  • Termination Due to Retirement Upon termination of the Executive based on Retirement, no amounts or benefits shall be due the Executive under this Agreement, and the Executive shall be entitled to all benefits under any retirement plan of the Company and other plans to which the Executive is a party. Termination of the Executive’s employment based on “Retirement” shall mean termination of the Executive’s employment in accordance with a retirement policy established by the Board with the Executive’s consent.

  • Termination Due to Death If the Optionee’s employment terminates by reason of the Optionee’s death, any portion of this Stock Option outstanding on such date, to the extent exercisable on the date of death, may thereafter be exercised by the Optionee’s legal representative or legatee for a period of 12 months from the date of death or until the Expiration Date, if earlier. Any portion of this Stock Option that is not exercisable on the date of death shall terminate immediately and be of no further force or effect.

  • Termination Due To Lack Of Funding Appropriation If, in the judgment of the Director of Accounts and Reports, Department of Administration, sufficient funds are not appropriated to continue the function performed in this agreement and for the payment of the charges hereunder, State may terminate this agreement at the end of its current fiscal year. State agrees to give written notice of termination to contractor at least 30 days prior to the end of its current fiscal year, and shall give such notice for a greater period prior to the end of such fiscal year as may be provided in this contract, except that such notice shall not be required prior to 90 days before the end of such fiscal year. Contractor shall have the right, at the end of such fiscal year, to take possession of any equipment provided State under the contract. State will pay to the contractor all regular contractual payments incurred through the end of such fiscal year, plus contractual charges incidental to the return of any such equipment. Upon termination of the agreement by State, title to any such equipment shall revert to contractor at the end of the State's current fiscal year. The termination of the contract pursuant to this paragraph shall not cause any penalty to be charged to the agency or the contractor.

  • Termination Due to Death or Disability The expiration of one (1) year from the date of the death of the Optionee or cessation of an Optionee’s employment or contractual relationship by reason of disability (as defined in Section 5.1(g) of the Plan). If an Optionee’s employment or contractual relationship is terminated by death, any Option held by the Optionee shall be exercisable only by the person or persons to whom such Optionee’s rights under such Option shall pass by the Optionee’s will or by the laws of descent and distribution.

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.