BURF RIGHT TO REQUEST NEGOTIATION Sample Clauses

BURF RIGHT TO REQUEST NEGOTIATION. If BURF reasonably determines that the compensation terms of this Agreement would not reflect fair market value consideration for an exclusive license of the Additional Invention, BURF shall so notify Licensee within 20 days after receipt of the Option Exercise Notice that it requests negotiation of the terms of such license (a "Negotiation Request"). Promptly after Licensee receives the Negotiation Request, BURF and Licensee will enter into good faith negotiations with each other for 90 days (or such longer period as mutually agreed by BURF and Licensee) in an effort to reach agreement on mutually satisfactory terms for the licensing of such Additional Invention. If BURF and Licensee do not agree on such terms within such time period, BURF shall thereafter be free to license such Additional Invention to a Third Party or Third Parties, subject to Licensee's right to submit the matter to mediation, as provided below in clause (A) below, and Licensee's Right of First Refusal, as provided below in clause (B) below. (A) Licensee may at its option require the matter to be submitted to mediation pursuant to the terms of Section 9, with Licensee having the option to accept or reject the recommendation of the mediator(s). If Licensee rejects such proposed terms, BURF shall be free to license such Additional Invention to a Third Party or Third Parties at any time and the Right of First Refusal provided for in clause (B) below shall not apply to such Additional Invention. (B) If Licensee does not require the matter to be submitted to mediation pursuant to clause (A) above, Licensee shall have a right of first refusal with respect to the Additional Invention (the "Right of First Refusal") on the terms and conditions set forth in this clause (B). Prior to granting any license to the Additional Invention to any Third Party, BURF shall give written notice (the "Offer Notice") to Licensee of the name and address of the Third Party to whom the license is to be granted and the material terms and conditions of such proposed license and shall offer Licensee the opportunity to license the Additional Invention on the same terms and conditions; provided, however, that if BURF is not permitted, under the terms of an agreement with the Third Party, to disclose the Third Party's name and address, BURF shall not be required to do so but shall provide Licensee with a general description of the Third Party's organizational type (e.g., public or private entity, for-profit or non-profi...
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Related to BURF RIGHT TO REQUEST NEGOTIATION

  • Right to request 7.4.4(a) An employee entitled to parental leave pursuant to the provisions of 7.4.2 may request the employer to allow the employee:

  • Right to Request Registration Subject to the provisions hereof, at any time the Shelf Registration Statement covering all Registrable Securities is not effective, other than as permitted in accordance with Section 4 hereof, and until the Termination Date, a Holder may at any time request registration under the Securities Act for resale of all, but not less than all, of the Registrable Securities then-held by the applicable Holder(s) (a “Demand Registration” and each Holder who properly initiates such request shall be referred to individually as an “Initiating Holder” and collectively as the “Initiating Holders”). Subject to Section 2(f) and Sections 4 and 5 below, the Company shall (i) file a Registration Statement registering for resale such number of Registrable Securities as requested to be so registered pursuant to this Section 2(b) (a “Demand Registration Statement”) within forty-five (45) days after the Initiating Holders’ request therefor and (ii) use commercially reasonable efforts to cause such Demand Registration Statement to be declared effective by the SEC as soon as practical thereafter. To the extent requested by the Initiating Holders, the Demand Registration Statement shall allow the offer and sale of the Registrable Securities on a continuous basis pursuant to Rule 415 under the Securities Act, unless the Company is not eligible to use a form which allows such offer and sale in which case the Demand Registration Statement shall allow such offer and resale for so long a period as permitted by the Securities Act and the rules thereunder.

  • Right to Refuse to Cross Picket Lines (a) All employees covered by this Agreement shall have the right to refuse to cross a picket line arising out of a dispute as defined in the appropriate legislation. Any employees failing to report for duty shall be considered to be absent without pay. (b) Failure to cross a picket line encountered in carrying out the Employer's business shall not be considered a violation of this Agreement nor shall it be grounds for disciplinary action.

  • Right to Receive Documentation a. Periodic Statements. Transfers and withdrawals made through any ATM or POS terminal, debit card transactions, audio response transactions, preauthorized EFTs, online/PC transactions, mobile access device transactions or xxxx payments you make will be recorded on your periodic statement. You will receive a statement monthly unless there is no transaction in a particular month. In any case, you will receive a statement at least quarterly.

  • Right to Reject The Department reserves the right to accept or reject all proposals, or separable portions thereof, and to waive any minor irregularity, technicality, or omission if the Department determines that doing so shall serve the Department’s best interests. The Department may reject any proposal not submitted in the manner specified by the solicitation documents.

  • Reservation of Right to Revise Structure Buyer may at any time change the method of effecting the business combination contemplated by this Agreement if and to the extent that it deems such a change to be desirable; provided, however, that no such change shall (a) alter or change the amount of the consideration to be issued to holders of Company Common Stock as merger consideration as currently contemplated in this Agreement, (b) reasonably be expected to materially impede or delay consummation of the Merger, (c) adversely affect the federal income tax treatment of holders of Company Common Stock in connection with the Merger, or (d) require submission to or approval of the Company’s shareholders after the plan of merger set forth in this Agreement has been approved by the Company’s shareholders. In the event that Buyer elects to make such a change, the parties agree to execute appropriate documents to reflect the change.

  • Right to Refuse Unsafe Work Employees have the right to refuse to perform unsafe work pursuant to the Occupational Health and Safety Regulations of the Workers Compensation Act.

  • Right to Refuse Employees have the right to refuse to undergo drug and alcohol testing. If an employee refuses to undergo drug or alcohol testing requested or required by the Employer, no such test shall be given.

  • Right to Rescind You have the right to rescind this Agreement within three (3) business days of your receipt of this Agreement by contacting Starion at: 0-000-000-0000; xxxxxx@xxxxxxxxxxxxx.xxx; or P.O. Box 845, Middlebury, CT 06762.

  • HOW TO REQUEST SERVICE To request service for the Covered Product, contact the Administrator toll-free at 833.749.8726, or go online to xxx.xxxxxxxxx.xxx/xxxxxxxxxxx. All repairs must be authorized by the Administrator prior to service being completed. Claims for unauthorized repairs will be denied. Many oversights, which are not covered under this Agreement, can be due to simple circumstances such as the Covered Product not being switched on, being unplugged, or a fuse blown at the junction box. To avoid a non-covered claim, perform a hard reset as illustrated by the manufacturer in the owner’s manual of Your Covered Product. If You refuse service on a Covered Product after We have dispatched the authorized technician to Your location, You will be billed for that servicer’s applicable trip charge. If You refuse service on a Covered Product, We are no longer responsible for any costs associated with the repair or replacement of Your Covered Product and may choose to refund You the prorated cost of this Agreement. If the cost of this Agreement is refunded at full cost or at a prorated cost, this Agreement will be considered fulfilled and no further action to repair or replace Your Covered Product will be considered.

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