Contract Termination, Except at Plan Termination Sample Clauses

Contract Termination, Except at Plan Termination. The provisions of this Section will apply to Contract Termination for any reason excluding termination of the Plan. Contract Termination will automatically occur upon Plan termination. (See Section 13.3 for procedures applicable to Plan Termination.) Either party to the Group Annuity Contract may, upon 30 days advance written notice to the other party, declare a Contract Termination Date, which shall be any date on or after the expiration of the 30-day notification period. If the parties fail to determine a mutually agreeable Contract Termination Date, the Contract Termination Date will be 30 days from the date written notice of Contract Termination is received by the Company at its Administrative Office, or 30 days after the Company mails notice of Contract Termination to the last known address of the Plan sponsor. However, the Company may provide notice of Contract Termination only if: (A) The Group Contractholder adopts an amendment to the Plan or operates the Plan in a manner which is unacceptable to the Company; or (B) The Group Contractholder fails to comply with any provision contained in this Group Annuity Contract; or (C) The Plan fails to qualify or becomes disqualified under Code section 401(a); or (D) The total amount of Contributions received by the Company in the preceding 12 months is less than $25,000; or (E) The sum of all Participant Annuity Account Values falls below $25,000; or (F) The Group Contractholder fails to make Contributions which have been deducted from Participants' paychecks within 30 days following the end of the month in which such deduction was made; or (G) Transfers to investment vehicles outside the Group Annuity Contract exceed [10%] of the accounts at the beginning of the calendar year; or (H) The Company may terminate this Group Annuity Contract if the Group Contractholder ceases doing business; or (I) This Group Annuity Contract shall terminate if there are no remaining Participant Annuity Accounts. The Company will notify the Group Contractholder of the payment date and valuation of the Participant Annuity Accounts will be determined as of the payment date.
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Related to Contract Termination, Except at Plan Termination

  • Contract Termination debarment. A breach of the contract clauses in 29 CFR 5.5 may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • Benefits Upon Plan Termination In the event this Long-Term Disability Plan is terminated, the benefit payments shall continue to be paid in accordance with the provisions of this Plan to disabled employees who became disabled while covered by this Plan prior to its termination.

  • Early Contract Termination The State may terminate this contract in whole or in part by giving fifteen (15) days written notice to the Purchaser when it is in the best interests of the State. If this contract is so terminated, the State shall be liable only for the return of that portion of the initial deposit that is not required for payment, and the return of unapplied payments. The State shall not be liable for damages, whether direct or consequential.

  • Effective Date of Benefit Termination Medical, dental and life coverage termination will take effect on the first of the month following the loss of eligible employee or dependent status. Disability benefit coverage terminations will take effect on the day following loss of eligible employee status.

  • Vacation Pay Upon Termination When an employee in the bargaining unit is terminated for any reason, he/she shall be entitled to all vacation pay earned and accumulated up to and including the effective date of the termination.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be eff ected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity an d up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of t he ESC Region 8 and TIPS. Does vendor agree? Yes

  • Contract Termination; Debarment A breach of the contract clauses in paragraph 1 through 10 of this section may be grounds for termination of the contract, and for debarment as a contractor and a subcontractor as provided in 29 CFR 5.12.

  • CFR PART 200 Termination Termination for cause and for convenience by the grantee or subgrantee including the manner by which it will be effected and the basis for settlement. (All contracts in excess of $10,000) Pursuant to the above, when federal funds are expended by ESC Region 8 and TIPS Members, ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for cause after giving the vendor an appropriate opportunity and up to 30 days, to cure the causal breach of terms and conditions. ESC Region 8 and TIPS Members reserves the right to terminate any agreement in excess of $10,000 resulting from this procurement process for convenience with 30 days notice in writing to the awarded vendor. The vendor would be compensated for work performed and goods procured as of the termination date if for convenience of the ESC Region 8 and TIPS Members. Any award under this procurement process is not exclusive and the ESC Region 8 and TIPS reserves the right to purchase goods and services from other vendors when it is in the best interest of the ESC Region 8 and TIPS. Does vendor agree? Yes

  • Company Termination The Company may at any time in its sole discretion terminate (a “Company Termination”) this Agreement and its right to initiate future Tranches by providing 30 days advanced written notice (“Termination Notice”) to Investor.

  • On Termination In the event this Agreement is terminated for any reason prior to the expiration of its original term or any renewal term, Owner shall indemnify, protect, defend, save and hold Manager and all of the other Indemnified Parties harmless from and against any and all claims, causes of action, demands, suits, proceedings, loss, judgments, damage, awards, liens, fines, costs, attorney's fees and expenses, of every kind and nature whatsoever (collectively, "Losses"), that may be imposed on or incurred by Manager by reason of the willful misconduct, gross negligence and/or unlawful acts (such unlawfulness having been adjudicated by a court of proper jurisdiction) of Owner.

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