CONVENTIONAL PENALTY Sample Clauses

CONVENTIONAL PENALTY. In the event of any type of damage (be it material or reputational) to the VENUE, to other EXHIBITORS, THE EVENT owner and THE ORGANIZER, THE EXHIBITOR may be charged a conventional penalty equivalent to the sum of his/her contract fee, as specified in the Exhibitor’s Manual. This penalty will be applied by THE ORGANIZER when bad behavior is not corrected or when called-for measures are not taken. Furthermore, the Contract may be rescinded and THE EXHIBITOR asked to leave THE EVENT. SEVENTEENTH. INTERNAL CONTROVERSIES. Any complaint or disagreement on the part of THE EXHIBITOR in relation to the terms specified in this instrument or the service provided by THE ORGANIZER or any of THE ORGANIZER’s suppliers should be reported in writing to THE ORGANIZER within 15 (fifteen) days of being billed. Once that period of time has passed, it will be assumed that THE EXHIBITOR is happy with the terms contained in the contract and/or the service provided and for that reason has renounced the right to make any claim subsequently. Any complaint or disagreement raised by THE EXHIBITOR with THE ORGANIZER does not excuse the former from making any outstanding payments owed to the latter.
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CONVENTIONAL PENALTY. 14.1 Both Parties acknowledge that the performance of the Service Levels agreed in this Agreement and in the EXHIBIT "G" is a very important factor and any default of said Service Levels could cause damages and losses to the affected Party, whose quantification is not viable to do in this moment. Therefore, in case any of the Parties breaches the agreed Service Levels shall pay to the affected Party for a conventional penalty the amount specified in the EXHIBIT "G". The payment of such amounts does not discharge the Party in breach from its obligation of complying its obligations.
Sample 1
CONVENTIONAL PENALTY. (1) A contractual partner, which breaches the obligations according to § 3, § 4 or § 5 (debtor), has to pay a conventional penalty to the other contractual partner (creditor) for each breach of an obligation by waiving the plea of the continuation context. The conventional penalty for breaches of § 3, § 4 § 5 Par. 1 is between EUR 50,000.00 and EUR 500,000.00. It has to cor- respond with reasonable discretion within this framework. Decisive for this are the significance of the breached obligation, the disadvantage of the creditor (also the intangible disadvantage) and the degree of the breach of obligation and the fault of the debtor. If the contractual part- ners cannot reach an agreement in this respect then a judge of the Higher Regional Court Frankfurt am Main, who is appointed by the President of the said Higher Regional Court, shall make a binding decision in this respect as an arbitrator after hearing the contractual partners (also only in writing).
Sample 1

Related to CONVENTIONAL PENALTY

  • Benefit Programs The Executive shall be eligible to participate in any plans, programs or forms of compensation or benefits that the Company or the Company’s subsidiaries provide to the class of employees that includes the Executive, on a basis not less favorable than that provided to such class of employees, including, without limitation, group medical, disability and life insurance, paid time-off, and retirement plan, subject to the terms and conditions of such plans, programs or forms of compensation or benefits.

  • Patient Referrals Professional Business Manager and the Practice agree that the benefits to the Practice hereunder do not require, are not payment for, and are not in any way contingent upon the referral, admission, or any other arrangement for the provision of any item or service offered by Professional Business Manager to patients of the Practice in any facility, laboratory, center, or health care operation controlled, managed, or operated by Professional Business Manager.

  • Six-Month Delay Notwithstanding anything to the contrary in this Agreement, no compensation or benefits, including without limitation any severance payments or benefits payable under this Section 4, shall be paid to the Executive during the six-month period following the Executive’s Separation from Service if the Company determines that paying such amounts at the time or times indicated in this Agreement would be a prohibited distribution under Section 409A(a)(2)(B)(i) of the Code. If the payment of any such amounts is delayed as a result of the previous sentence, then on the first day of the seventh month following the date of Separation from Service (or such earlier date upon which such amount can be paid under Section 409A without resulting in a prohibited distribution, including as a result of the Executive’s death), the Company shall pay the Executive a lump-sum amount equal to the cumulative amount that would have otherwise been payable to the Executive during such period.

  • Nondiscrimination The Contractor, with regard to the work performed by it during the Contract, will not discriminate on the grounds of race, color, or national origin in the selection and retention of subcontractors, including procurements of materials and leases of equipment. The Contractor will not participate directly or indirectly in the discrimination prohibited by the Acts and the Regulations, including employment practices when the Contract covers any activity, project, or program set forth in Appendix B of 49 CFR Part 21.

  • Health Insurance Benefits To the extent provided by the federal COBRA law or, if applicable, state insurance laws, and by the Company’s current group health insurance policies, Executive will be eligible to continue Executive’s group health insurance benefits at Executive’s own expense. If Executive timely elects continued coverage under COBRA, the Company shall pay Executive’s COBRA premiums, and any applicable Company COBRA premiums, necessary to continue Executive’s then-current coverage for a period of 18 months after the date of Executive’s termination of employment; provided, however, that any such payments will cease if Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such premiums. Executive agrees to immediately notify the Company in writing of any such enrollment. Notwithstanding the foregoing, if the Company determines, in its sole discretion, that it cannot provide the foregoing benefit without potentially incurring financial costs or penalties under applicable law (including, without limitation, Section 2716 of the Public Health Service Act), the Company shall in lieu thereof provide to Executive a taxable monthly amount to continue his group health insurance coverage in effect on the date of separation from service (which amount shall be based on the premium for the first month of COBRA coverage), which payments shall be made regardless of whether Executive elects COBRA continuation coverage and shall commence in the month following the month in which Executive incurs a separation from service and shall end on the earlier of (x) the date on which Executive voluntarily enrolls in a health insurance plan offered by another employer or entity during the period in which the Company is paying such amounts and (y) 18 months after the date of Executive’s separation from service.

  • Six Month Delay for Specified Employees If any payment, compensation or other benefit provided to the Executive in connection with his employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and the Executive is a “specified employee” as defined in Section 409A, no part of such payments shall be paid before the day that is six months plus one day after the Executive’s date of termination or, if earlier, the Executive’s death (the “New Payment Date”). The aggregate of any payments that otherwise would have been paid to the Executive during the period between the date of termination and the New Payment Date shall be paid to the Executive in a lump sum on such New Payment Date. Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms of this Agreement.

  • Servicing and Maintenance Standards The Servicer shall, on behalf of the Issuer:

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