Contract Buyout. Residents who are not required by University policy to live in a residence hall may terminate their contracts for subsequent term without cause upon payment of a termination fee equal to 50% of their room rate multiplied by the number of terms remaining on their housing agreement and forfeiture of their $100.00 housing deposit.
Contract Buyout a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I *** percent (***%) of the total estimated remaining unpaid monthly processing fees. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
b. The contract buyout amount set forth above shall be paid prior to the deconversion of any affected accounts. The contract buyout amount shall be paid by Customer regardless of the form by which the termination occurs, including but not limited to, sale of assets or stocks assumption of liabilities, merger, consolidation, absorption, liquidation, or termination as a result of an Event of Default on the part of Customer (as described in Section 11 of this Agreement).
Contract Buyout a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I a percentage of the total estimated remaining unpaid monthly processing fees according to the schedule which follows this
Section. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement. If Termination Occurs Buyout During Months Percentage 1 - 36 60% 37 - 72 40% 73 - and thereafter 30%
b. The contract buyout amount set forth above shall be paid prior to the deconversion of any affected accounts. Except as specifically set forth in Section 13(e), the contract buyout amount shall be paid by Customer regardless of the form by which the termination occurs, including but not limited to, sale of assets or stock, assumption of liabilities, merger, consolidation, absorption, liquidation, or termination as a result of an Event of Default on the part of Customer (as described in Section 11 of this Agreement).
Contract Buyout. In consideration ofMoffett's acceptance ofthis Agreement, and paragraphs 1 and 2 above, the District will pay a cash lump sum in the amount of Ten Thousand Dollars and No Cents ($10,000.00) to buy-out the second year on Xxxxxxx'x Contract, to be paid SEPARATION AGREEMENT AND RELEASE OF CLAIMS - 1 upon Xxxxxxx'x completion of evaluations of certificated employees at Xxxxx Valley Middle School. Xxxxxxx will be responsible for any and all federal, state or other taxes on this amount. This severance pay will be in addition to Xxxxxxx'x earned salary and benefits, if any.
Contract Buyout. Notwithstanding anything herein to the contrary, this Schedule may be terminated as to all (but not less than all) of the Customers, without cause, upon not less than thirty (30) days prior written notice given to FT Interactive by the Agent; provided, however, in the event of such termination, the Customers and the Agent shall pay to FT Interactive a lump sum equal to the Base Fee due for the remainder of the Contract Year.
Contract Buyout. Partner agrees that should it, during the Restricted Period directly or indirectly, employs or otherwise retains a Restricted Clinician for the provision of any Services, Partner shall pay to eLuma as consideration for the introduction a fee equal to the greater of (i) $45,000, or (ii) 75% of the annualized, twelve-month fee for the Restricted Clinician's provision of Therapy and Instructional Services (the "Contract Buyout Fee"), regardless of whether the Restricted Clinician ultimately provided Therapy and Instructional Services to Partner through eLuma or not that Contractor actually performed work for Partner through eLuma. If a Restricted Clinician accepts employment or engagement for the performance of any Therapy and Instructional Services in any format with or for the benefit of Partner (other than pursuant the Agreement), the Contract Buyout Fee must be paid in full prior to the first day the Contractor performs services in the new position. Any work performed, prior to the date of the Contract Buyout Fee payment is received, shall be billed to Partner as normal. For purposes of the Agreement, the term "Restricted Clinician" shall mean a Clinician introduced to Partner by eLuma when the introduction is made in the form of a resume, curriculum vitae, presentation (including the Presentation) or any other means, for the purpose of enabling Partner to engage Clinician for Therapy and Instructional Services). For purposes of the Agreement, the "Restricted Period" shall mean the later of (i) eighteen (18) months after the first date of introduction to Partner, or (ii) if Restricted Clinician has furnished Therapy and Instructional Services for Partner, for a period of eighteen (18) months after the expiration of the Restricted Clinician's last Statement of Work with Partner under the Agreement. This Clause 21, subsection A shall survive termination of the Agreement. eLuma and Partner agree to meet the following requirements, as specified, to facilitate timely and efficient delivery of Services and Software in accordance with this Agreement. Parties agree to diligently meet requirements and will use best efforts to fulfill them with expedience and on a coordinated basis with the other Party. In the event that Partner fails to meet any of the requirements listed herewith, eLuma shall not be deemed responsible for failure to deliver Services dependent on the fulfillment of these requirements.
Contract Buyout. [Paragraph redacted]
Contract Buyout a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I forty percent (40%) of the total estimated remaining unpaid monthly processing fees. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
b. The contract buyout amount set forth above shall be paid prior to the deconversion of any affected accounts. The contract buyout amount shall be paid by Customer regardless of the form by which the termination occurs.
c. Customer may terminate this Agreement in accordance with the provisions of Section 13d by paying M&I thirty percent (30%) of the total estimated remaining unpaid monthly processing fees. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
Contract Buyout a. Customer may terminate this Agreement at any time by giving M&I at least one hundred eighty (180) days' prior written notice of termination and paying M&I ninety percent (90%) of the total estimated remaining unpaid monthly processing fees if termination occurs during months 1-24 of the Agreement, and forty percent (40%) if termination occurs thereafter. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
b. The contract buyout amount set forth above shall be paid prior to the deconversion of any affected accounts. The contract buyout amount shall be paid by Customer regardless of the form by which the termination occurs, including but not limited to, sale of assets or stock, assumption of liabilities, merger, consolidation, absorption, liquidation, or termination as a result of an Event of Default on the part of Customer (as described in Section 11 of this Agreement).
Contract Buyout a. Customer may terminate this Agreement in accordance with the provisions of Section 13(d) at any time by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I fifty percent (50%) of the total estimated remaining unpaid monthly processing fees, plus any unamortized conversion expenses. For the purpose of this computation, total estimated remaining unpaid monthly processing fees shall be equal to the mean average of the total monthly fees paid in the three (3) months preceding the termination notice, multiplied by the number of months remaining in the Agreement.
b. Customer may terminate this Agreement in accordance with the special provisions of Section 13(e) by giving M&I at least one hundred eighty (180) days' prior written notice and paying M&I a percentage of the total estimated remaining unpaid monthly processing fees [calculated as above in Section 21(a)] according to the Schedule which follows:
