Termination On or After Sample Clauses

The 'Termination On or After' clause defines the conditions under which a contract may be ended at or following a specified date or event. Typically, this clause allows either party to terminate the agreement once a certain milestone is reached, such as the completion of a minimum contract term or the occurrence of a triggering event. By establishing a clear point after which termination is permitted, this clause provides flexibility for parties to exit the contract without breaching its terms, thereby managing risk and ensuring both parties have a predictable path to end their obligations.
Termination On or After a Change of Control. ------------------------------------------- a) If, within a two-year period after a Change of Control, (i) the Company (or any successor) terminates Executive's employment for any reason other than Permanent Total Disability or Cause (as defined in paragraphs 7(e) and 7(b)(1)&(2), respectively, below), or (ii) Executive voluntarily terminates his employment under circumstances involving a Constructive Termination, Executive will be entitled to the following compensation, provided that Executive executes a Release and Non-Competition Agreement satisfactory to the Company: 1) Base salary earned and as yet unpaid through the effective date of termination; and 2) Two years' Base Pay; and 3) Two times Executive's Separation Incentive Payment; and 4) Incentive Pay as yet unpaid from the prior fiscal year and Target Level Incentive Pay (as defined in paragraph 7(h) below) for the fiscal year of termination, prorated for the period of Executive's actual employment prior to termination; and 5) Executive's vested Cash Balance Pension benefit plus an amount equal to the present value of the additional vested pension benefits payable to Executive in accordance with the Company's Supplemental Executive Retirement Plan (the "SERP"), as approved by the Compensation Committee of the Board of Directors on December 11, 1997 and referenced in the March 24, 1999 letter from Glen Hiner, a copy of which is appended to this Agreement. ▇▇▇▇▇▇▇ve's regular, vested pension earnings will not be increased by compensation paid under the SERP. b) If, within a two-year period after a Change of Control, the Company (or any successor) terminates Executive's employment for Cause (as defined in paragraph 7(b)(3), below), Executive will only be entitled to base salary earned and as yet unpaid through the effective date of termination and Executive's vested Cash Balance Pension Benefit or vested Final Average Plan Pension Benefit, whichever is greater, UNLESS, (i) the Company exercises its discretion to award Executive (in addition to the aforementioned base salary and vested pension amounts) some portion of the following compensation, based on effort expended and results obtained to date and (ii) Executive executes a Release and Non-Competition Agreement satisfactory to the Company: 1) Up to but no more than Twelve months' Base Pay (as defined in paragraph 7(a) below); and 2) Up to but no more than one times Executive's Separation Incentive Payment (as defined in paragra...
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Termination On or After. Attaining Age 71. If the Participant incurs a Termination of Employment on or after attaining age 71, the amount of the single life annuity to which he shall be entitled shall be determined as the actuarial equivalent (determined in accordance with the provisions of the Retirement Plan) of a single life annuity in the amount of $86,900 commencing as of the Participant's attainment of age 55.
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Termination On or After the Fifth Anniversary of the Effective Date. If the Executive's employment with the Company ends on or after the fifth anniversary of the Effective Date, the provisions of Section 3(i)(I) above shall not apply and no benefits will be payable thereunder. In lieu of Section 3(i)(I) above, the amount of the Pension payable in the form of a straight life annuity commencing with the month following the month in which Executive attains age 65 and shall be fifty percent of Executive's Final Average Salary (as hereinafter defined) reduced by the Reduction Amounts. For purposes hereof. "Final Average Salary" means the highest aggregate amount of Salary paid to Executive for any thirty-six consecutive-month period during the Term divided by three.
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Termination On or After a Change in Control.
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Related to Termination On or After

  • Termination on Notice The Province may terminate the Agreement at any time without liability, penalty, or costs upon giving at least 30 days’ Notice to the Recipient.

  • Termination on Change of Control 26.12.1 The Supplier shall notify the Authority immediately in writing if the Supplier undergoes a change of control within the meaning of Section 450 of the Corporation Tax Act 2010 ("Change of Control") and provided this does not contravene any Law shall notify the Authority immediately in writing of any circumstances suggesting that a Change of Control is planned or in contemplation. The Authority may terminate this Framework Agreement by giving notice in writing to the Supplier with immediate effect within six (6) Months of: (a) being notified in writing that a Change of Control has occurred; or (b) where no notification has been made, the date that the Authority becomes aware of the Change of Control, if it believes, acting reasonably, that such change is likely to have an adverse effect on the provision of the Services, but it shall not be permitted to terminate this Framework Agreement where an Approval was granted prior to the Change of Control

  • Termination on Death This Occupation Right Agreement shall terminate upon the death of the Resident, or, where two Residents have jointly signed this Occupation Right Agreement, upon the death of the surviving Resident. No notice of termination is required if the reason for termination is because the last surviving Resident has died.

  • Termination or Abandonment Notwithstanding anything in this Agreement to the contrary, this Agreement may be terminated and abandoned at any time prior to the Effective Time: (a) by the mutual written consent of the Partnership and Parent; (b) by either the Partnership or Parent, if the LP Merger shall not have been consummated on or prior to April 25, 2022 or such later date as may be agreed in writing by Parent and the Partnership (following approval by the Conflicts Committee) (the “End Date”); provided, however, that if all of the conditions to Closing, other than any of the conditions set forth in Section 6.1(b) or Section 6.1(c), shall have been satisfied or shall be capable of being satisfied at such time, the End Date shall automatically be extended to October 25, 2022, which date shall thereafter be deemed to be the End Date; provided, further, that the right to terminate this Agreement pursuant to this Section 7.1(b) shall not be available to a party if the failure of the Closing to occur by such date shall be primarily due to the material breach by such party of any representation, warranty, covenant or other agreement of such party set forth in this Agreement; (c) by either the Partnership or Parent, if an injunction or other Law shall have been entered, enacted or become effective permanently restraining, enjoining or otherwise prohibiting the consummation of the Mergers and such injunction or other Law has become final and nonappealable; provided, however, that the right to terminate this Agreement under this Section 7.1(c) shall not be available to a party if such injunction or Law was due to the material breach by such party of any representation, warranty, covenant or other agreement of such party set forth in this Agreement; (d) by the Partnership, if Parent, Merger Sub or GP Merger Sub shall have breached or failed to perform any of its representations, warranties, covenants or other agreements contained in this Agreement, which breach or failure to perform (i) if it occurred or was continuing to occur on the Closing Date, would result in a failure of a condition set forth in Section 6.2(a) or Section 6.2(b) and (ii) by its nature, cannot be cured prior to the End Date or, if such breach or failure is capable of being cured by the End Date, Parent does not cure such breach or failure within thirty (30) days after receiving written notice from the Partnership describing such breach or failure in reasonable detail (provided that the Partnership may not exercise the termination right pursuant to this Section 7.1(d) if it is then in material breach of any representation, warranty, covenant or other agreement contained herein); (e) by Parent, if the Partnership or the General Partner shall have breached or failed to perform any of its representations, warranties, covenants or other agreements contained in this Agreement, which breach or failure to perform (i) if it occurred or was continuing to occur on the Closing Date, would result in a failure of a condition set forth in Section 6.3(a) or Section 6.3(b) and (ii) by its nature, cannot be cured prior to the End Date or, if such breach or failure is capable of being cured by the End Date, the Partnership or the General Partner, as applicable, does not cure such breach or failure within thirty (30) days after receiving written notice from Parent describing such breach or failure in reasonable detail (provided that Parent may not exercise the termination right pursuant to this Section 7.1(e) if it is then in material breach of any representation, warranty, covenant or other agreement contained herein); and (f) by either the Partnership or Parent, if the Support Agreement is terminated in accordance with Section 2.1 thereof.

  • Termination of the Plan Any other provi- sion of this plan to the contrary notwith- standing, no benefit will be paid for charges incurred by a participant or former par- ticipant after the termination of this plan.