Termination During the Initial Term Sample Clauses

The 'Termination During the Initial Term' clause defines the conditions under which a contract may be ended before the initial agreed-upon period has expired. Typically, this clause outlines specific events or breaches that would justify early termination, such as non-payment, insolvency, or material breach of contract, and may require written notice or a cure period before termination is effective. Its core function is to provide both parties with a clear framework for ending the agreement early if significant issues arise, thereby managing risk and ensuring that neither party is unfairly bound to an unworkable contract.
Termination During the Initial Term. During the Initial Term, either party may terminate this Agreement for Cause (as defined below) at any time by written notice to the other party, effective immediately, or on such later date as may be specified in the notice.
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Termination During the Initial Term. Drone USA and Employee agree that during the Initial Term Employee’s employment may only be terminated as hereinafter set forth;
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Termination During the Initial Term. In the event that either party terminates this Agreement during the Initial Term, the parties shall not enter into a new agreement that contains substantially the same terms (or covers substantially the same services on different terms) as those set forth in this Agreement for a period of at least one (1) year from the Effective Date.
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Termination During the Initial Term. (1) In the event of Executive’s Involuntary Termination of Employment during the Initial Term, then, upon the Executive’s execution of the General Release described below, the Company shall pay to Executive as additional pay (“Additional Pay”), in a lump sum the product of two (2) and Executive’s annual base salary in effect immediately prior to his Termination Date. (2) Pursuant to the “General Release” Executive shall agree to release and waive any claims that he may have against the Company for (A) unlawful discrimination (including, without limitation, age discrimination) and (B) termination pay under any severance pay plan or program maintained by the Company that covers Executive; provided, however, such release shall not release any claims by Executive for payments due under this Agreement, without Executive’s express written consent.
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Termination During the Initial Term. Either Party may terminate this Agreement for convenience at any time during the Initial Term by giving the other Party written notice of its intent to cancel at least thirty (30) days prior to the expiration of the Initial Term. In the event, China Motion terminates this Agreement pursuant to this Section 11.2 at any time during the Initial Term, China Motion shall pay StarHub the following termination fee: SGD$300,000. Notwithstanding termination under this Section 11.2, each Party shall for one (1) year after the effective date of termination honour the terms of this Agreement as to any services for which that Party or the counter-Party has already received compensation from a subscriber or a reseller. For the avoidance of doubt, if China Motion has sold any SIM card to a distributor or reseller that is pre-loaded with a prescribed number of minutes, megabytes, or other usage rights for a subscriber to roam on StarHub’s network, whether or not the SIM card has been activated as of the notice or effectiveness of termination, StarHub will continue to honour the subscriber’s usage and China Motion will pay StarHub the Service Charges associated with such activation and usage. The same treatment applies to a SIM card that has been activated but its pre-loaded usage has not been exhausted prior to the effective date of termination. As of the effective date of termination, neither Party shall market the services offered through the counter-Party pursuant to this Agreement, including additional sale of SIM cards in inventory but not delivered to a distributor, reseller or subscriber, or by allowing a subscriber to recharge or top up minutes, megabytes or other usage rights on a previously activated SIM card.
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Termination During the Initial Term. It is the intent of the parties that Employee receives the entire amount of her Annual Compensation during the Initial Term of this Agreement, unless Employee voluntarily resigns during this Initial Term. Accordingly, If Employer terminates Employee (with or without cause) during the Initial Term of this Agreement, then Employer shall pay Employee the entire unpaid balance of Employee’s Annual Compensation, including but not limited to the Semi-Annual Vested Guaranteed Bonus, irrespective of whether this amount has accrued or been earned, payable in accordance with Employer’s standard payroll practices with respect to senior management employees. By way of example, but not limitation, if Employee is terminated on May 30, 2007 (6 months into the Initial Term), at which time, Employee has already received half of her Annual Compensation, then Employer must continue paying Employee during the remaining six (6) months of the Initial Term in accordance with Employer’s standard payroll practices.
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Related to Termination During the Initial Term

  • Allocations During the Early Amortization Period During the Early Amortization Period, an amount equal to the product of (A) the Principal Allocation Percentage and (B) the Series 1997-1 Allocation Percentage and (C) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 1997-1 Certificateholders and retained in the Collection Account until applied as provided herein; provided, however, that after the date on which an amount of such Collections equal to the Adjusted Invested Amount has been deposited into the Collection Account and allocated to the Series 1997-1 Certificateholders, such amount shall be first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates only if the Transferor Amount on such date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.

  • Termination Period This Option shall be exercisable for three (3) months after Participant ceases to be a Service Provider, unless such termination is due to Participant’s death or Disability, in which case this Option shall be exercisable for twelve (12) months after Participant ceases to be a Service Provider. Notwithstanding the foregoing sentence, in no event may this Option be exercised after the Term/Expiration Date as provided above and this Option may be subject to earlier termination as provided in Section 13 of the Plan.

  • Time Off During Notice Period During the period of notice of termination given by the employer, an employee shall be allowed up to one day's time off without loss of pay for the purpose of seeking other employment. This time off shall be taken at times that are convenient to the employee after consultation with the employer.

  • During the Term As compensation for services hereunder rendered during the Term hereof, Executive shall receive a base salary (“Base Salary”) of Five Hundred Thousand Dollars ($500,000) per year payable in equal installments in accordance with the Company’s payroll procedure for its salaried executives. Salary payments and other payments under this Agreement shall be subject to withholding of taxes and other appropriate and customary amounts. Executive may receive increases in his Base Salary from time to time, based upon his performance, subject to approval of the Company.

  • Allocations During the Revolving Period During the Revolving Period (A) an amount equal to the product of (I) the sum of the Class B Principal Percentage and the Collateral Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2025-3 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date, shall be allocated to the Series 2025-3 Certificateholders and retained in the Collection Account until applied as provided herein and (B) an amount equal to the product of (I) the Class A Principal Percentage and (II) the Principal Allocation Percentage and (III) the Series 2025-3 Allocation Percentage and (IV) the aggregate amount of Collections of Principal Receivables deposited in the Collection Account on such Deposit Date shall be allocated to the Series 2025-3 Certificateholders and first, if any other Principal Sharing Series is outstanding and in its amortization period or accumulation period, retained in the Collection Account for application, to the extent necessary, as Shared Principal Collections on the related Distribution Date, and second paid to the Holders of the Transferor Certificates; provided, however, that such amount to be paid to the Holders of the Transferor Certificates on any Deposit Date shall be paid to such Holders only if the Transferor Amount on such Deposit Date is greater than the Required Transferor Amount (after giving effect to all Principal Receivables transferred to the Trust on such day) and otherwise shall be deposited in the Special Funding Account.