Continuing term Sample Clauses

Continuing term i A person who has completed the initial term shall be employed under a contract of thirty six months duration. This contract shall be renewed each year, replacing the prior, unexpired, agreement, unless notice of non-renewal is provided as required by this section. ii Non-renewal of a continuing term contract is subject to the procedure provided by MCL 380.1229. However, to be timely, notice of consideration of non-renewal must be provided not later than twenty four months prior to the expiration of the contract. The notice of non-renewal shall be accompanied by a detailed statement of the reasons for the non-renewal together with a copy of all information on which the employer relied. Unless discharged as permitted by contract, the person shall remain employed until the expiration of the existing contract.
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Continuing term. The expiration or determination of this Agreement howsoever arising shall not operate to affect such of the provisions hereof as in accordance with their terms are expressed to operate or have effect thereafter and shall be without prejudice to any right of action already accrued to either party in respect of any breach of this Agreement by the other party. This Agreement shall be governed by the laws of Kenya. Any notice to be given hereunder shall be in writing and be sufficiently served, in the case of the by being delivered either personally to him or sent by post addressed to him at his usual or last known address or, in the case of the Company, by being delivered at or sent by post addressed to its Registered Office and any such notice if so posted shall be deemed served twenty-four hours after it was posted and in proving such service it shall be sufficient to prove that the notice was properly addressed and dispatched.
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Continuing term. A. This Agreement evidences the continuing agreement of the parties hereto concerning the purchase and sale of Accounts. The terms of this Agreement shall begin on the execution date hereof and shall terminate upon receipt of written notice by either party of the intent of the other to terminate this Agreement, provided that such notice of termination shall not affect any Accounts then the property of Purchaser and this Agreement shall continue in full force and effect with respect to such Accounts until full payment is received by Purchaser and remittance by Purchaser to Seller of any amount payable to Seller under Section VI hereof. IX RESERVE ACCOUNT A. Purchaser agrees to maintain a Reserve Account as additional collateral for Purchaser to which Purchaser shall credit all payments made on the Accounts, less all amounts payable to Purchaser hereunder or deductible from Purchaser's purchase price, and subject to application for amounts due Purchaser as described herein. The Reserve Account shall be administered and controlled solely by Purchaser. B. The unpaid purchase price owed Seller shall be payable from the Reserve Account by Purchaser, governed by the applicable Schedule A. Such shall be paid only after: 1. Purchaser shall have collected all Accounts in the applicable Schedule A, in full; 2. Purchaser shall have been paid in full for all fees, discounts and Reimbursable Expenses associated with each Account in the applicable Schedule A; and 3. Seller shall be in full compliance with the terms of this Agreement and with regard to all Accounts purchased from Seller at any designated purchase date. C. Purchaser shall be entitled, in its sole discretion and without notice to Seller, to apply any balance in the Reserve Account to: 1. Any Account Purchased on any Schedule A. 2. Any Accounts purchased which shall not have been liquidated, under provisions of this Agreement; 3. The payment of any sums which shall have become owing to Purchaser by Seller under the provisions of this Agreement; and 4. The liquidation of any Accounts or the payment owing to Purchaser under this Agreement on any guaranty given in connection with this Agreement in the event of and at the time of filing or institution of a proceeding in receivership or insolvency by or against Seller or any guarantor of Seller's obligations under this Agreement. See Certification of Solvency, Exhibit C, attached hereto and made a part hereof. D. It is specifically agreed, notwithstanding anythin...
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Continuing term. The initial Term of the Agreement can be extended for up to two (2) additional one-year term periods with the voluntary and mutual consent of both parties.
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Continuing term. If this Interlocal Agreement is not terminated during the Initial Term and successive renewals, it shall continue to automatically renew annually on July 1 of each successive year for up to six (6) additional one year terms, unless sooner terminated in accordance with the termination provisions of this Agreement. This Interlocal Agreement shall automatically terminate upon termination of the Service Agreement.
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Related to Continuing term

  • Consulting Term Subject to the terms and conditions hereof, the Company agrees to retain the Consulting Director for a term of three (3) years commencing as of the date Consulting Director's retirement from the Board of Directors of the Company ("Effective Date"). The Company may not terminate the Consulting Director's service agreement prior to the end of the three-year term unless such termination is due to a Termination for Cause as defined herein.

  • Obligations Following Termination If a Non-Defaulting Party terminates this Agreement pursuant to this Section 13(b), then following such termination, Seller shall, at the sole cost and expense of the Defaulting Party, remove the equipment (except for mounting pads and support structures) constituting the System. The Non-Defaulting Party shall take all commercially reasonable efforts to mitigate its damages as the result of a Default Event.

  • Following Termination 11.2.1 the Parties will agree the procedure for administering the Insurance Business current at the time of termination; 11.2.2 the Broker will make all reasonable efforts to provide the Company with contact details for any Insured or other party with whom the Company has contracted in the conduct of Insurance Business where:- 11.2.2.1 the Broker has acted as the agent of the Company; and 11.2.2.2 where such information is reasonably required in order for the Company to carry out its obligations in relation to Insurance Business concluded in accordance with this Agreement. 11.2.3 Where permissible the Parties will remain liable to perform their obligations in accordance with the terms of this Agreement in respect of all Insurance Business subject to this Agreement until all Insurance Business has expired or has otherwise been terminated.

  • Qualifying Termination If, prior to Executive’s attainment of age 65, Executive’s employment is involuntarily terminated by the Company without Cause (and other than due to his Disability) or is voluntarily terminated by Executive for Good Reason, in either case only during the period commencing on the occurrence of a Change in Control of the Company and ending on the second anniversary of date of the Change in Control (“Protection Period”), then the Company shall pay or provide Executive with: (i) Executive’s Accrued Obligations, payable in accordance with Section 8(a)(i); (ii) Any unpaid annual cash incentive award earned with respect to any fiscal year ending on or preceding the date of termination, payable when awards are paid generally to senior executives for such year; (iii) A pro-rated annual cash incentive for the fiscal year in which such termination occurs, the amount of which shall be based on target performance and a fraction, the numerator of which is the number of days elapsed during the performance year through the date of termination and the denominator of which is 365, which pro-rated annual cash incentive award shall be paid when awards are paid generally to senior executives for such year; (iv) A lump sum severance payment in the aggregate amount equal to the product of (A) the sum of (1) Executive’s highest Base Salary during the Protection Period plus (2) his annual target annual cash incentive award multiplied by (B) two (2); provided, unless the Change of Control occurring on or preceding such termination also meets the requirements of Section 409A(a)(2)(A)(v) and Treasury Regulation Section 1.409A-3(i)(5) (or any successor provision) thereunder (a “409A Change in Control”), the amount payable to Executive under this subparagraph (iv) shall be paid to Executive in equal semi-monthly payroll installments over a period of twenty-four (24) months, not in a lump sum, to the extent necessary to avoid the application of Section 409A(a)(1)(A) and (B); (v) Subject to Executive’s continued co-payment of premiums, continued participation for two (2) years in the Company’s medical benefits plan which covers Executive and his eligible dependents upon the same terms and conditions (except for the requirements of Executive’s continued employment) in effect for active employees of the Company. In the event Executive obtains other employment that offers substantially similar or more favorable medical benefits, such continuation of coverage by the Company under this subsection shall immediately cease. The continuation of health benefits under this subsection shall reduce the period of coverage and count against Executive’s right to healthcare continuation benefits under COBRA; and (vi) Payments falling under Section 10(b)iv shall, if to be paid in a lump sum pursuant to such section, be paid within ten (10) business days after the Executive’s termination of employment. Provided, to the extent applicable under Section 409A as a “deferral of compensation,” and not as a “short-term deferral” under Treasury Regulation Section 1.409A-1(b)(4), the payments and benefits payable to Executive under this Section 10(b) shall be subject to the Safe Harbor and Postponement provided at Section 8(c)(iv).

  • Surviving Terms The provisions set forth in the following sections, and any other rights or obligations of the parties in this Agreement that, by their nature, should survive termination or expiration of this Agreement, will survive any expiration or termination of this Agreement (including, without limitation, Section 9 (Confidentiality), Section 8 (Fees; Payment Terms), Section 10 (Term and Termination), Section 12 (Indemnification), Section 13 (Limitations of Liability) and Section 15 (Miscellaneous)).

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Right to Terminate Following Termination Event Sections 6(b)(ii)-(iv) are deleted in their entirety and replaced by the following:

  • Termination; Survival Following Termination (i) Either party may terminate this Agreement prior to the end of the Agency Period, by giving written notice as required by this Agreement, upon ten (10) Trading Days’ notice to the other party; provided that, (A) if the Company terminates this Agreement after the Agent confirms to the Company any sale of Shares, the Company shall remain obligated to comply with Section 3(b)(v) with respect to such Shares and (B) Section 2, Section 6, Section 7 and Section 8 shall survive termination of this Agreement. If termination shall occur prior to the Settlement Date for any sale of Shares, such sale shall nevertheless settle in accordance with the terms of this Agreement. (ii) In addition to the survival provision of Section 7(b)(i), the respective indemnities, agreements, representations, warranties and other statements of the Company, of its officers and of the Agent set forth in or made pursuant to this Agreement will remain in full force and effect, regardless of any investigation made by or on behalf of the Agent or the Company or any of its or their partners, officers or directors or any controlling person, as the case may be, and, anything herein to the contrary notwithstanding, will survive delivery of and payment for the Shares sold hereunder and any termination of this Agreement.

  • PROVISIONS SURVIVING TERMINATION The provisions of Sections 10, 14, 16, 21 and 29 of this Agreement shall survive termination of this Agreement for any reason.

  • Coverage Period The Section A (Retrospective) Coverage Period will be the period from and including January 1, 2002 to but not including the Effective Time.

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