DURATION – TERMINATION – AMENDMENT Sample Clauses
The 'Duration – Termination – Amendment' clause defines the period during which the agreement is in effect, the conditions under which it can be ended, and the process for making changes to its terms. Typically, this clause specifies the start and end dates of the contract, outlines how either party may terminate the agreement (such as for breach or with notice), and sets out the requirements for valid amendments, often requiring written consent from both parties. Its core function is to provide clear guidelines for the contract's lifespan, the procedures for ending the relationship, and the method for updating terms, thereby reducing uncertainty and potential disputes.
DURATION – TERMINATION – AMENDMENT. This Agreement shall become effective on July 1, 2015 for the Association, its members and for all independent Employers and shall continue in full force to and including June 30, 2018, and shall be automatically continued year to year thereafter unless written notice of intent to terminate this agreement or to negotiate a new agreement, in whole or part, is given in writing by either party not less than sixty (60) days nor more than ninety (90) days prior to the expiration date or any anniversary date thereafter. The Union and the Association may at any time mutually agree to change or amend any part of this Agreement and such changes or modifications shall not affect the continuing nature of this Agreement. During all the time of negotiation for changes and until the completion and signing of a new agreement, this Agreement shall remain in full force and effect. All employers that are not members of the Association hereby agree to be bound by any such amendments or any new agreement entered into by the Association and the Union. It is mutually agreed that any amendments to this agreement by the Association and the Union shall be binding on every employer bound by this agreement and on the Union. This Agreement may only be amended or modified by a written document signed by both the Association and the Union. Any past, current or future practice which is inconsistent with the terms of this Agreement shall be void and of no effect. The parties agree to discuss issues related to apprenticeship contributions and the establishment of the PCC Labor Management Cooperative Committee during this Agreement if either party requests. Any agreement reached shall be made part of this Agreement.
DURATION – TERMINATION – AMENDMENT a. This Agreement shall become effective as of the date first above written and shall remain in force until the first anniversary of its effective date and thereafter continue from year to year in respect of each Fund, but only so long as such continuance is specifically approved at least annually by a vote of the board of directors of the applicable Fund, including a majority of the directors who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the applicable Fund and who have no direct or indirect financial interest in the operation of any Distribution and Service Plan (the "Plan") adopted by a Fund or in any agreements entered into in connection with the Plan (including this Agreement), pursuant to a vote cast in person at a meeting called for the purpose of voting on such continuance.
b. In addition to the automatic termination of this Agreement specified in Section 1.b. of this Agreement, each party to this Agreement may unilaterally cancel its participation in this Agreement by giving ninety (90) days prior written notice to the other party. In addition, each party to this Agreement may, in the event of a material breach of this Agreement by the other party, terminate this Agreement immediately by giving written notice to the other party, which notice sets forth in reasonable detail the nature of the breach. Such notice shall be deemed to have been given and to be effective on the date on which it was either delivered personally to the other party or any officer or member thereof, or was sent in accordance with Section 18.
c. This Agreement may also be terminated with respect to a Fund at any time without penalty by (i) a vote of a majority of a Fund's directors who are not "interested persons" (as defined in the ▇▇▇▇ ▇▇▇) of the Fund and who have no direct or indirect financial interest in the operation of any Plan adopted by the Fund or in any agreements entered into in connection with the Plan (including this Agreement), or (ii) a vote of a majority of a Fund's outstanding Units (as defined in the 1940 Act), on sixty days' written notice to Dealer.
d. This Agreement shall terminate immediately upon the appointment of a trustee under the Securities Investor Protection Act or any other act of insolvency by the Distributor or the Dealer.
e. This Agreement is not assignable or transferable and will terminate automatically in the event of its "assignment," as defined in the 1940 Act, and the rules, regulations and interpretations thereunder...
DURATION – TERMINATION – AMENDMENT. This Agreement shall become effective on the Effective Date and will continue indefinitely. This Agreement may be terminated by mutual consent of WBC and Vanguard without payment of any penalty.
DURATION – TERMINATION – AMENDMENT. Section 1. This AGREEMENT shall be in full force and effect commencing June 1, 2010 and shall continue in full force to and including May 31, 2012.
Section 2. This AGREEMENT will automatically be renewed yearly thereafter unless written notice is given by the EMPLOYER or the UNION of the intention to modify the terms of the AGREEMENT in whole or in specific parts or to terminate, providing the written notice is received by the other party not later than sixty (60) days, nor more than ninety (90) days prior to the expiration or anniversary date.
Section 3. The parties may at any time mutually agree to change or amend any part of this AGREEMENT upon thirty (30) days written notice and these changes or modifications shall not affect the continuing nature of this AGREEMENT.
DURATION – TERMINATION – AMENDMENT. SECTION 4.1: This Agreement shall be effective commencing June 1, 2012, shall continue in full force to and including May 31, 2015, and shall be automatically continued yearly thereafter unless written notice of decision to negotiate a new Agreement, in whole or in part, is given in writing by either party to the other not later than sixty (60) days nor more than ninety (90) days prior to the expiration date or any anniversary date thereafter. The parties may at any time mutually agree to change or amend any part of this Agreement and such changes or modifications shall not affect the continuing nature of this Agreement.
SECTION 4.2: Individual Employers signatory hereto who are not members of the said Association agree to be bound by any amendments, extensions or changes in this Agreement agreed to between the Union and