Termination of Contract definition

Termination of Contract means the ending of the contractual relationship during the term of the contract; however, at the Board of Trustees discretion, the terms regarding compensation and benefits shall be paid out or may continue through the effective dates of the contract.
View Source
Termination of Contract means the ending of the contractual relationship during the term of the contract.
View Source
Termination of Contract. If you wish to cease being a resident of the Boarding House, it is expected that you will provide at least four weeks notice. • Any breach which contravenes the Mazenod College Code of Conduct or the Terms of Agreement in this contract will be discussed with yourself, the Head of Boarding and the Principal of the College. Such a process will determine whether this contract is immediately terminated resulting in the cessation of your tenure as a resident.
View Source

Examples of Termination of Contract in a sentence

  • SUBCLAUSE 36.1 MATERIALS, PLANT AND WORKMANSHIP Add at the end of Sub-Clause 36.1 the following: Failure by the Contractor to observe and control quality of the works shall be deemed to be a violation of the Contractor’s Obligations and shall be grounds for Suspension of works and/or Termination of Contract.

  • Termination of Contract — You may, on or before the Annuity Date, terminate this Contract for its withdrawal proceeds, while the Annuitant is living and the Contract is in force.

  • If Purchaser, despite its diligent efforts, does not comply with the provisions of this section, Seller may terminate this Contract of Sale and sign the “Release of ▇▇▇▇▇▇▇ Money and Termination of Contract of Sale” form.

  • Additionally, regardless of the nature of the Bid Proposal as an "Offer," any language in the Bid Proposal altering any portion of these General Conditions, particularly, but not limited to, the sections of these General Conditions titled "Infringements and Indemnifications," "Termination of Contract," "Equal Employment Opportunity," and "Disclosure," will be discarded and treated as if not part of the Bid Proposal and inclusion thereof may be grounds for rejecting the Bid.

  • Professional Employees whose employment is continued after the completion of a probationary period shall continue in employment during efficient and competent service, and shall not be demoted, terminated, or made subject to non-renewal except as provided in Section G of Article V, "Termination of Contract".

  • In order to request a partial refund of housing fees, the Student must complete and submit the official Petition for Termination of Contract (“Petition”).

  • Termination of this contract is only permitted under Section 15, Termination of Contract.

  • Refunds will be governed by the Terms and Conditions of the contract as specified under the Termination of Contract section.

  • Termination of Contract - You may, on or before the Annuity Date, terminate this Contract for its withdrawal proceeds, while the Annuitant is living and the Contract is in force.

  • Permanent Status Professional employees whose employment is continued after the completion of a probationary period shall continue in employment during efficient and competent service, and shall not be demoted, terminated, or made subject to non-renewal except as provided in Section G of Article V, "Termination of Contract".


More Definitions of Termination of Contract

Termination of Contract. This Contract will terminate when: (a) no further contributions may be paid under this Contract; and (b) no Participant's account remains uncancelled; and (c) no further annuity or transfer payments are payable from this Contract; or (d) as otherwise agreed upon by the Contractholder and Us. ANNUITY PROVISIONS ANNUITY DATE Annuity Date is the date on which annuity payments are to begin. Prior to the Annuity Date, there is no cash surrender value except as may be provided by the form of Annuity purchased or as may be agreed by Us when the Annuity is purchased. The Participant selects an Annuity Date at the time of application. The Participant may change the Annuity Date at any time, at least seven days prior to the Annuity Date, by written notice to the Company at its Annuity Service Center. If no Annuity Date is selected, the Annuity Date will be the latest Annuity Date, as set by the Company DEFERMENT OF PAYMENTS We may defer making payments from the Fixed Account Options for up to six (6) months. Interest, subject to state requirements, will be credited during the deferral period.
View Source

Related to Termination of Contract

  • Termination of Consultancy means: (a) that the Consultant is no longer acting as a consultant to the Company or an Affiliate; or (b) when an entity which is retaining a Participant as a Consultant ceases to be an Affiliate unless the Participant otherwise is, or thereupon becomes, a Consultant to the Company or another Affiliate at the time the entity ceases to be an Affiliate. In the event that a Consultant becomes an Eligible Employee or a Non-Employee Director upon the termination of such Consultant’s consultancy, unless otherwise determined by the Committee, in its sole discretion, no Termination of Consultancy shall be deemed to occur until such time as such Consultant is no longer a Consultant, an Eligible Employee or a Non-Employee Director. Notwithstanding the foregoing, the Committee may otherwise define Termination of Consultancy in the Award Agreement or, if no rights of a Participant are reduced, may otherwise define Termination of Consultancy thereafter, provided that any such change to the definition of the term “Termination of Consultancy” does not subject the applicable Award to Section 409A of the Code.

  • Early Termination Effective Date is defined in Section 4.2 of this Agreement.

  • Event of Servicer Termination With respect to the Servicing Agreement, a Servicing Default as defined in Section 6.01 of the Servicing Agreement.

  • Termination for Cause means termination because of: (1) Executive's personal dishonesty, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule, regulation (other than traffic violations or similar offenses), final cease and desist order or material breach of any provision of this Agreement which results in a material loss to the Institution or the Holding Company, or (2) Executive's conviction of a crime or act involving moral turpitude or a final judgement rendered against Executive based upon actions of Executive which involve moral turpitude. For the purposes of this Section, no act, or the failure to act, on Executive's part shall be "willful" unless done, or omitted to be done, not in good faith and without reasonable belief that the action or omission was in the best interests of the Institution or its affiliates. Notwithstanding the foregoing, Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause. During the period beginning on the date of the Notice of Termination for Cause pursuant to Section 8 hereof through the Date of Termination, stock options and related limited rights granted to Executive under any stock option plan shall not be exercisable nor shall any unvested awards granted to Executive under any stock benefit plan of the Institution, the Holding Company or any subsidiary or affiliate thereof, vest. At the Date of Termination, such stock options and related limited rights and any such unvested awards shall become null and void and shall not be exercisable by or delivered to Executive at any time subsequent to such Termination for Cause.

  • Termination Agreement has the meaning set forth in the Recitals.