Early Termination and Notice. The MSV Parties will have the right to terminate the Phase 2 Annual Payments at their election, provided that (inclusive of the notice and payments made during such period) the MSV Parties will have provided to Inmarsat five (5) years or more of Phase 2 Annual Payments (“Five Years Payment Amount”). In order to effect an early termination, the MSV Parties shall provide the following prior notice to Inmarsat: (i) at least one year prior notice to terminate the Phase 2 Spectrum Plan early, effective as of the payment of the Five Years Payment Amount; and (ii) two years or more prior notice for termination of the Phase 2 Spectrum Plan, effective on or after the seventh year of Phase 2 Annual Payments. In the event that such notice and payment obligations are satisfied, early termination of the Phase 2 Spectrum Plan in accordance with this Section 4.5(b) shall entitle the MSV Parties to continued operation in accordance with the Phase 1 Spectrum Plan (in the event a Phase 1 Election was made) or the Phase 1A Spectrum Plan (in the event a Phase 1A Election was made).
Early Termination and Notice. 1. The sub-district court may terminate the apprenticeship contract early at the employer’s request if:
