Cancellation of the Execution Agreement Sample Clauses

Cancellation of the Execution Agreement. The commencement date of the Execution Agreement can be found in your signed statement of agreement. The Execution Agreement is for an indefinite period and can be terminated each year as of 1 January of the following year. It will then terminate as of the preceding 31 December. We will notify one another in advance. A notice period applies. You must cancel before 16 December. Written cancellation must always be by registered mail. You can also cancel by e-mail. The authorised signatory should then sent an e-mail to xxxxxxxx@xxxxx.xx. We will confirm receipt of your cancellation. If we cancel, we will do so before 1 November. We will cancel in writing by registered mail. We will then make the current insurance policies for pension entitlements non-contributory. The insurance policies that have no paid-up value or commutated value will lapse. Insurance policies that we are paying out at that time will continue to be paid out in accordance with the provisions of this Execution Agreement. For the paid-up insurance policies, we guarantee the level of pension benefit that has been paid for. We also guarantee the administrative execution of these insurance policies. In doing so, we adhere to the provisions of this Execution Agreement. For example, we remain entitled to make adjustments to the execution (see Section 5.2). You can request us to transfer the value of insurances to a different pension provider. In the event of a group transfer of accrued benefits to a different pension provider: - we transfer our obligations as pension provider for the pension scheme to the other pension provider; how we do that is explained below; - the costs of the transfer are for your account. If you wish to transfer the value of the insurances to another pension provider on the cancellation date (1 January), then the following provisions apply. The transfer value at the end date of the Execution Agreement is equal to the present value of the pension obligations calculated at the net rate principles on which the premium was paid, including a disbursements provision and with an interest rate adjustment. The interest rate adjustment applied will be the lowest of: - the interest rate adjustment applicable for the month of December of the year in which this Execution Agreement is terminated, and - the average of the two interest rate adjustments that applied to you during the previous 24 months. These are the interest rate adjustments that applied on 1 January of the year of termina...
Sample 1
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Cancellation of the Execution Agreement. The effective date of the Execution Agreement can be found in your signed statement of agreement. The agreement is an open-ended contract. You must observe a notice period of two months. For us, the notice period is six months. Cancellation is only possible by registered mail or digitally. The person authorised to sign can send an e-mail to xxx@xxxxx.xx. When you terminate this Execution Agreement, you have the following three options. You conclude a new Execution Agreement with us. The rates and conditions are agreed at that point. We create paid-up policies for the current insurance policies and the pension entitlements that have been accrued. For the paid-up insurance policies of the guaranteed pensions, Aegon Leven guarantees the level of pension benefit that has been paid for. The investments for the Investment pension are unaffected. The insurance policies that have no paid-up value or commutation value will lapse. Insurance policies that Aegon Leven is paying out at that time will continue to be paid out in accordance with the provisions of this Execution Agreement. Aegon Leven guarantees the administrative execution of the paid-up insurance policies. In doing so, Aegon Leven adheres to the provisions of this Execution Agreement. For example, we remain entitled to make adjustments to the administration (see Section 5.2). In the event of a group transfer of accrued benefits to a different pension provider: - the insurance policies that have no paid-up value or commutation value will lapse; - we transfer our obligations as pension provider for the pension scheme to the other pension provider; - the transfer value is determined and transferred;
Sample 1

Related to Cancellation of the Execution Agreement

  • Execution of the Agreement The Company, the party executing this Agreement on behalf of the Company, and the Consultant, have the requisite corporate power and authority to enter into and carry out the terms and conditions of this Agreement, as well as all transactions contemplated hereunder. All corporate proceedings have been taken and all corporate authorizations and approvals have been secured which are necessary to authorize the execution, delivery and performance by the Company and the Consultant of this Agreement. This Agreement has been duly and validly executed and delivered by the Company and the Consultant and constitutes a valid and binding obligation, enforceable in accordance with the respective terms herein. Upon delivery of this Agreement, this Agreement, and the other agreements and exhibits referred to herein, will constitute the valid and binding obligations of Company, and will be enforceable in accordance with their respective terms. Delivery may take place via facsimile transmission.

  • Consummation of Agreement Seller shall use its best efforts to fulfill and perform all conditions and obligations on its part to be fulfilled and performed under this Agreement, and cause the transactions contemplated by this Agreement to be fully consummated.

  • Termination Agreement 8.01 Notwithstanding any other provision of this Agreement, WESTERN, at its sole option, may terminate either a Purchase Order or this Agreement at any time by giving fourteen (14) days written notice to CONSULTANT, whether or not a Purchase Order has been issued to CONSULTANT. 8.02 In the event of termination of either a Purchase Order or this Agreement, the payment of monies due CONSULTANT for work performed prior to the effective date of such termination shall be paid within thirty (30) days after receipt of an invoice as provided in this Agreement. Upon payment for such work, CONSULTANT agrees to promptly provide to WESTERN all documents, reports, purchased supplies and the like which are in the possession or control of CONSULTANT and pertain to WESTERN.

  • Execution of Agreement The HSP represents and warrants that: (a) it has the full power and authority to enter into this Agreement; and (b) it has taken all necessary actions to authorize the execution of this Agreement.

  • Execution of Agreement; Notes On or prior to the Initial Borrowing Date, (i) the Effective Date shall have occurred and (ii) there shall have been delivered to the Administrative Agent for the account of each of the Lenders (subject to Section 1.06(o)) the appropriate Notes executed by the appropriate Borrower, in each case in the amount, maturity and as otherwise provided herein.

  • Acquisition Agreements If the Equipment is subject to any Acquisition Agreement, Lessee, as part of this lease, transfers and assigns to Lessor all of its rights, but none of its obligations (except for Lessee's obligation to pay for the Equipment conditioned upon Lessee's acceptance in accordance with Paragraph 6), in and to the Acquisition Agreement, including but not limited to the right to take title to the Equipment. Lessee shall indemnify and hold Lessor harmless in accordance with Paragraph 19 from any liability resulting from any Acquisition Agreement as well as liabilities resulting from any Acquisition Agreement Lessor is required to enter into on behalf of Lessee or with Lessee for purposes of this lease.

  • Voluntary Execution of Agreement This Agreement is executed voluntarily and without any duress or undue influence on the part or behalf of the Parties hereto, with the full intent of releasing all claims. The Parties acknowledge that: (a) They have read this Agreement; (b) They have been represented in the preparation, negotiation, and execution of this Agreement by legal counsel of their own choice or that they have voluntarily declined to seek such counsel; (c) They understand the terms and consequences of this Agreement and of the releases it contains; and (d) They are fully aware of the legal and binding effect of this Agreement.

  • Execution of Purchase Agreement The successful bidder has earned the right to make an offer to the Seller; no sale has been completed. The bidder will be required to execute an Irrevocable Real Estate Purchase Agreement immediately following the close of the auction and provide the required Xxxxxxx Money within 24 hours to the Seller in a check payable to Ness Bros. Xxxxx’s offer expires 11:59 P.M. (local time) 7 days after the online auction date, unless Seller timely accepts it; the Xxxxxxx Money will be returned if Seller does not accept the successful bid as a primary or secondary offer, subject to any required approvals. --- TAXES: The real estate taxes shall be prorated. Seller shall pay real estate taxes which are payable during the year in which Closing occurs, and taxes payable during the succeeding year, prorated to the date of Closing. Buyer shall assume and pay all subsequent taxes. If at the time of Closing the tax bill for the Real Estate for the succeeding year has not been issued, taxes payable shall be computed based on the last tax bill available to the closing agent. The succeeding year’s tax bill, because of recently constructed improvements, annexation, reassessment, or similar items may greatly exceed the last tax bill available to the closing agent. --- POSSESSION: The possession of the Property shall be Upon Closing of Property, subject to tenant’s rights, by 5:00 P.M.

  • Execution of Agreements The Purchasers shall have executed this Agreement and delivered this Agreement to the Company.

  • Execution of Papers Except as the Trustees generally or in particular cases may authorize the execution thereof in some other manner, all deeds, leases, contracts, notes and other obligations made by the Trustees shall be signed by the President, any Vice President, or by the Treasurer and need not bear the seal of the Trust.

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