Corrective Action Plan; Termination Sample Clauses

Corrective Action Plan; Termination. At [*] of the Term, if Intel is unsatisfied with the performance of the sponsorship, it may invoke a "Corrective Action Plan" ("CAP") in order to "make good" the value received by Intel from the sponsorship. The CAP shall identify deficiencies and remedies as agreed by the parties, and set forth the criteria which the parties agree will remedy such deficiencies. Should the criteria agreed by the parties not be met at the end of the CAP period of [*], then Intel may terminate the sponsorship. In the event of termination of the sponsorship pursuant to this Section 2.2.3.2, neither party shall have any further obligations to the other in connection with the sponsorship (e.g., Intel's payment obligations in connection with the sponsorship shall cease, but Intel shall not be entitled to any refund of prior payments in connection with the sponsorship).
Sample 1
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Corrective Action Plan; Termination. At [*], if Quokka is unsatisfied with the performance of the promotional efforts, it may invoke a "Corrective Action Plan" ("CAP") in order to "make good" the value received by Intel from the promotion commitment. The CAP shall identify deficiencies and remedies as agreed by the parties, and set forth the criteria which the parties agree will remedy such deficiencies. Should the criteria agreed by the parties not be met at the end of the CAP period of [*], then Intel may terminate the promotion commitment. In the event of termination of the promotion commitment pursuant to this Section 2.3.4., neither party shall have any further obligations to the other in connection with the promotion (e.g., Quokka's payment obligations in connection with the promotion shall cease, but Quokka shall not be entitled to any refund of prior payments in connection with the promotion).
Sample 1

Related to Corrective Action Plan; Termination

  • Plan Termination The Plan Sponsor reserves the right to terminate this Plan in accordance with one of the following, subject to the restrictions imposed by Section 409A and authoritative guidance:

  • Plan Terminations Promptly and in any event within two Business Days after receipt thereof by any Loan Party or any ERISA Affiliate, copies of each notice from the PBGC stating its intention to terminate any Plan or to have a trustee appointed to administer any Plan.

  • 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.

  • Termination After Change in Control Sections 9.2 and 9.3 set out provisions applicable to certain circumstances in which the Term may be terminated after Change in Control.

  • Plan Termination Generally This Agreement may be terminated only by a written agreement signed by the Bank and the Executive. The benefit shall be the Accrual Balance as of the date this Agreement is terminated. Except as provided in Section 8.3, the termination of this Agreement shall not cause a distribution of benefits under this Agreement. Rather, upon such termination benefit distributions will be made at the earliest distribution event permitted under Article 2 or Article 3.

  • Employee Termination A) Regular employees other than those serving a probationary period, shall give twenty-eight (28) calendar days written notice of termination to a representative designated by the Employer with the authority to accept such written notice. B) In addition to the twenty-eight (28) calendar day notice, regular employees in positions above the level of general staff nurse shall inform the Employer of their intention to terminate as soon in advance as possible. C) The period of notice as set forth in (A) above must be for time scheduled to be worked and must not include accrued vacation, unless such vacation has been previously scheduled and approved in accordance with Article 45.03 -

  • 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.

  • Termination of Employee Plans The Company shall have provided Parent with evidence, reasonably satisfactory to Parent, as to the termination of the benefit plans referred to in Section 5.12.

  • Termination After a Change in Control You will receive Severance Benefits under this Agreement if, during the Term of this Agreement and after a Change in Control has occurred, your employment is terminated by the Company without Cause (other than on account of your Disability or death) or you resign for Good Reason.

  • Change in Employment Status The District shall promptly notify the OEA Membership Specialist whenever an employee in the bargaining unit is placed on an unpaid leave of absence, retires, is laid off, resigns, or changes their name.

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