During the Initial Period Sample Clauses
The "During the Initial Period" clause defines the specific terms, rights, and obligations that apply to the parties during the initial phase of an agreement, often referred to as the initial term or starting period. This clause typically outlines what actions are permitted or required, such as payment schedules, service levels, or restrictions, that are unique to this early stage of the contract. Its core function is to clearly delineate the rules and expectations that govern the relationship at the outset, ensuring both parties understand their commitments and reducing the risk of misunderstandings during the crucial initial period.
During the Initial Period. Subject to clause 5.5 during the initial four [4] week period or if the Placement is a Temporary Short Term Placement, the Commissioner [or CFT], the Provider or the Person (or the Person’s Representative), may end the Placement by giving written notice to the other Parties. Such notice will take effect upon the expiry of seven [7] calendar days or on such date as is agreed between all the Parties. During the notice period the Commissioner [or CFT] and if relevant the Person and Third Party shall continue to be liable for their financial contribution. The Provider agrees that the departure of the Person from the Care Home will be conditional on the Commissioner [or CFT] securing suitable arrangements for the future care of the Person unless clauses 5.9 or clause 5.10 applies.
During the Initial Period the Trustee shall hold the Trust Property on deposit in separate Bank Account(s) with Bank(s) selected by the Management Company, having such investment grade rating as stated in the Offering Document. No investment of the subscription money shall be made until conclusion of the first issue of Units at the Initial Offer Price. After the Initial Period, the Trust Property, except in so far as such amount may, in the opinion of the Management Company, be required for transfer to the Distribution Account, shall be invested by the Trustee from time to time in such Authorized Investment, subject to the Deed, the Offering Document, the Rules and Regulation, as may be directed by the Management Company.
During the Initial Period. BISYS agrees to grant Client a non-cumulativ▇ ▇▇▇ual credit in the amount of $1,000.00 to be applied against the charges associated with Client's attendance at BISYS University training courses.
During the Initial Period the Company may terminate this Agreement upon the employment of a Replacement CEO, by giving six (6) months' advance written notice of termination or payment in lieu of notice; provided that the Executive's insurance and benefits shall continue for not less than such six (6) month period in which case the Company shall have no further obligation to the Executive under the terms of this Agreement (including, without limitation, payment of any additional salary beyond the six (6) month notice period). Subsequent to the Initial Period, the Company may terminate this Agreement by giving three (3) months' advance written notice of termination or payment in lieu of notice; provided that the Executive's insurance and benefits shall continue for not less than such three (3) month period in which case the Company shall have no further obligation to the Executive under the terms of this Agreement (including, without limitation, payment of any additional salary beyond the three (3) month notice period).
During the Initial Period. If, during the Initial Period, the Executive’s employment shall terminate for any reason other than by the Company for Cause:
(i) the Company shall pay to the Executive in a lump sum in cash within 30 days after the Date of Termination (or on the first business day that is 6 months after the Date of Termination to the extent required pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”)) the aggregate of the following amounts:
A. the sum of (1) the Executive’s Annual Base Salary through the Date of Termination to the extent not theretofore paid, and (2) the product of (x) the target Annual Bonus for the year in which the Date of Termination occurs (and if no target Annual Bonus has been set for such year, the target Annual Bonus for the immediately preceding year) and (y) a fraction, the numerator of which is the number of days in the fiscal year in which the Date of Termination occurs through the Date of Termination (reduced, if the Date of Termination occurs during the same fiscal year as the Effective Date, by the number of days during such fiscal year that elapsed through the Effective Date), and the denominator of which is 365 (the sum of the amounts described in clauses (1) and (2), shall be hereinafter referred to as the “Accrued Obligations”); and
B. an amount equal to the amount the Executive would have been entitled to receive under any plan, agreement or program of AT&T (other than the annual pension provided in the AT&T SERP, as defined below) had his employment been terminated without Cause immediately after the Effective Date (subject to the execution by the Executive of any release required under such plan, agreement or program); and
(ii) all AT&T equity based or other incentive awards shall vest in full and any stock options or stock appreciation rights shall remain exercisable for the remainder of their terms as provided by their terms had Executive been terminated without Cause by the Company immediately after the Effective Date; and
(iii) commencing six months after the Date of Termination, the Executive shall be paid, in lieu of any other non-qualified retirement benefits other than those benefits in which the Executive was or becomes vested at the Effective Date, the annuity specified in the letter agreement dated July 29, 2003 (such annuity, the “AT&T SERP”) provided that (1) in lieu of the percentage specified in table (a) of the AT&T SERP the percentage shall be 60, (2) Final 3-year Average Total Cas...
During the Initial Period