DAY NOTICE PERIOD Clause Samples
The "Day Notice Period" clause defines the specific number of days' advance written notice that one party must provide to the other before taking a particular action, such as terminating a contract or making a significant change. For example, a contract might require a party to give 30 days' notice before ending the agreement or modifying key terms. This clause ensures both parties have adequate time to prepare for the impending change, promoting fairness and reducing the risk of sudden disruptions.
DAY NOTICE PERIOD. Upon receipt of a notice of resignation, the Company (a) may accelerate the effective date of ▇▇. ▇▇▇▇▇▇▇'▇ resignation to any date within the 90-Day Notice Period; and/or (b) may deem his notice of resignation a resignation by him of (x) any one or more of the offices then held by him in the Company; and (y) any one or more of the directorships and offices then held by him in the Company's affiliates, in each case to be effective on any date or dates within the 90-Day Notice Period.
DAY NOTICE PERIOD. I have been provided with the General Release Agreement (“Agreement”) between Chemical Financial Corporation (collectively with Chemical Bank and all of their affiliates, “Chemical”) and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇ (“Executive”).
DAY NOTICE PERIOD. I have been provided with the General Release Agreement (“Agreement”) between TCF Financial Corporation (collectively with all of its affiliates, “TCF”) and [] (“Executive”).
DAY NOTICE PERIOD. Upon receipt of a notice of resignation, the Company —
DAY NOTICE PERIOD. Upon receipt of a notice of resignation, the Company may accelerate the effective date of his resignation to any date within the 90-Day Notice Period and/or may deem his notice of resignation a resignation as a director of the Company and a resignation by him of any one or more of the offices then held by him in the Company, and any one or more of the directorships and offices then held by him in the Company's affiliates, in each case to be effective on any date or dates within the 90-Day Notice Period as determined by the Company, but the Company will nevertheless pay ▇▇. ▇▇▇▇▇▇▇ his then current salary for the ninety-day period.
DAY NOTICE PERIOD. After January 1, 2006, you will be required to provide the Fund with written notice of a redemption request at least 91 days prior to the applicable valuation date, which is the day immediately preceding the applicable redemption date, rather than the 61 day notice period previously required. Over the last several years, we have noticed a growing trend among certain investment funds to require longer notice periods. We believe that in order to meet our investors' redemption requests and to avoid causing imbalances in our portfolio holdings, it is prudent to match to a significant extent the investors' notice periods with the notice periods of the underlying investment funds. As a result, certain of the underlying sector funds (each, a "Sector Fund") in which the Fund invests, and consequently the Fund, will soon require a 91 day notice period for redemptions. Once a redemption request is made, it cannot be voluntarily rescinded. Accordingly, you will bear the risk that the Fund's net asset value ("NAV") may fluctuate significantly in the period between the date by which redemption requests must be submitted and the date as of which such Units are valued for purposes of such redemption. Lengthening the notice period potentially increases the risk of variation in the Fund's NAV between the date of the redemption request and the applicable valuation date and further increases your burden of having to make a decision based on valuation information that is not proximate to the date on which Units are valued by the Fund for purposes of effecting such redemptions. THE FUND IS ADOPTING A 25% "GATE," WHICH MAY LIMIT THE AMOUNT OF INTERESTS THAT MAY BE REDEEMED ON ANY SINGLE REDEMPTION DATE. In order to permit the Fund to avoid disproportionately high redemptions on any particular redemption date, which could have an adverse effect on the Fund's portfolio mix and therefore on those investors not redeeming all of their interests in the Fund, the Fund is instituting a limit on the amount of outstanding interests in the Fund that may be redeemed on any particular redemption date, also known as a "gate." Pursuant to the gate, if outstanding redemption requests for any redemption date total in the aggregate more than 25% of the net asset value of the Fund, Goldman Sachs Hedge Fund Strategies LLC (the "Managing Member") ▇▇▇, ▇▇ i▇▇ ▇▇le discretion, refuse to redeem Units in excess of the 25% threshold. If this occurs, the requests for redemption on such date will be reduc...
DAY NOTICE PERIOD. I have been provided with the General Release Agreement (“Agreement”) between Chemical Financial Corporation and Chemical Bank (collectively with all its affiliates, the “Corporation”), on the one hand, and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (“Executive”), on the other hand. I understand that I have twenty-one (21) days from the date the Agreement was presented to me to consider whether or not to sign the Agreement. I further understand that I have the right to seek counsel prior to signing the Agreement. I am knowingly and voluntarily signing and returning the Agreement prior to the expiration of the twenty-one (21)-day consideration period. I understand that I have seven (7) days from signing the Agreement to revoke the Agreement, by delivering a written notice of revocation to the Chairman of the Board, Chemical Financial Corporation, ▇▇▇▇ ▇. ▇▇▇ ▇▇▇▇▇▇ ▇▇., ▇▇▇▇, ▇▇ ▇▇▇▇▇. Dated: August 9, 2017 /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ Executive This is the First Amendment (“Amendment”) to the General Release Agreement entered into between Chemical Financial Corporation and Chemical Bank (collectively with all of their affiliates, the “Corporation”), on the one hand, and ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇ (“Executive”), on the other hand.