Commencing on the Effective Date Sample Clauses
The "Commencing on the Effective Date" clause establishes the specific point in time when the rights and obligations outlined in an agreement begin to apply. In practice, this means that all terms, duties, and benefits described in the contract become enforceable starting from the date identified as the "Effective Date," regardless of when the contract was actually signed. This clause ensures clarity for both parties by providing a definitive starting point for the agreement, thereby preventing disputes about when contractual responsibilities and protections take effect.
POPULAR SAMPLE Copied 2 times
Commencing on the Effective Date the Companies will pay Employee a minimum base annual salary during the term of this Agreement for his services as an officer of $121,000.00, which shall be payable in accordance with the Companies' standard payroll practice, but not less than monthly. Such base salary shall not include any benefits made available to Employee or any contributions or payments made on his behalf pursuant to any employee benefit plan or program of the Companies, including any health, disability or life insurance plan or program, 401-K plan, cash bonus plan, stock incentive plan, retirement plan or similar plan or program of any nature. The Companies shall review Employee's salary on a semi-annual basis, and shall increase the annual salary of Employee from time to time as may be warranted in accordance with the Companies' compensation policies. ANS shall have no separate salary obligation to Employee.
Commencing on the Effective Date the Company shall pay a basic salary to Employee at the rate of Ninety-Six Thousand Dollars ($96,000) per year, payable in equal monthly installments (the “Basic Salary”) in accordance with the Company’s standard payroll practices. The Employee agrees that such salary shall not be increased during the term of this Agreement.
Commencing on the Effective Date. Tenant shall have a thirty (30) day period (the “Inspection Period”) to inspect and investigate the mutually agreeable relocation premises and perform soil, groundwater, and other tests thereon, if applicable, and review and evaluate title, surveys, and other matters related to the use and occupancy of the proposed relocation premises. Landlord shall provide Tenant with true, correct, and complete copies of all studies, tests, reports, plans, drawings, surveys, agreements, and documents requested by Tenant, to the extent available to Landlord, with respect to the relocation premises. Tenant may, at its option without penalty, terminate all sections of this Lease with respect to the Riverside City College Premises only, for any reason, by sending written notice of termination to Landlord on or before 5:00 p.m. on the last day of the Inspection Period, in which event the parties have no further rights or liabilities hereunder with respect to the Riverside City College Premises (all sections of this Lease will still remain in effect for the other two locations). Commencing on the Effective Date, Tenant shall have a one hundred twenty (120) day period (the “Permit Period”) to obtain, at Tenant’s sole expense, all signage, construction, utility, and operating permits, approvals, and consents required from the applicable governmental authorities (collectively, “Permits) to install the ATM facility in the relocation premises. Landlord shall cooperate with Tenant in obtaining such Permits. If Tenant is unable to obtain the Permits necessary to install the ATM facility in the relocation premises at Riverside City College by the expiration of the Permit Period, then Tenant may, at its option without penalty, terminate all sections of this Lease with respect to the Riverside City College Premises only by sending written notice of termination to Landlord on or before the expiration of the Permit Period, in which event the parties have no further rights or liabilities hereunder with respect to the Riverside City College Premises (all sections of this Lease will still remain in effect for the other two locations).