Effect of Termination of SPA Sample Clauses

Effect of Termination of SPA. Except as otherwise set forth herein, upon termination of an SPA by either the Player or MLS, all obligations of MLS to the Player, including without limitation any obligation to pay any amounts to the Player shall cease on the effective date of termination, except that MLS and the Player shall remain responsible for all and any obligations incurred prior to the date of termination. Upon such termination, and except as otherwise provided in this CBA, MLS shall comply with FIFA regulations regarding the player’s international registration and playing rights.
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Effect of Termination of SPA. Except as otherwise set forth herein, upon 669 termination of an SPA by either a Player or his Club, all obligations of the Club to the 670 Player and the Player to the Club, including without limitation any obligation to pay any 671 amounts to the Player, shall cease on the effective date of termination, except that the 672 Club and the Player shall remain responsible for any and all obligations incurred (a) prior 673 to the effective date of termination or (b) arising out of such termination (including in 674 connection with any associated grievance or arbitration process and any outcome 675 produced therefrom). Upon such termination, and except as otherwise provided in this 676 CBA, the League and Club shall comply with FIFA’s regulations regarding the Player’s 677 registration and playing rights. 678 M. Terminations Resulting from Contraction.
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Effect of Termination of SPA. Except as otherwise set forth herein, upon 691 termination of an SPA by either a Player or his Club, all obligations of the Club to the 692 Player and the Player to the Club, including without limitation any obligation to pay any 693 amounts to the Player, shall cease on the effective date of termination, except that the 694 Club and the Player shall remain responsible for any and all obligations incurred (a) prior 695 to the effective date of termination or (b) arising out of such termination (including in 696 connection with any associated grievance or arbitration process and any outcome 697 produced therefrom). Upon such termination, and except as otherwise provided in this 698 CBA, the League and Club shall comply with FIFA’s regulations regarding the Player’s 699 registration and playing rights. 700 M. Terminations Resulting from Contraction. 701 1. 702 703 704 2. 705 706 707 708 709 710 711 712 713 714 715 716 717 3. 718 719 720 721 722 723 724 725 726 727 728 729 730 731 732 733 734 Any Club that decides to cease fielding a team in the League shall provide its Players with notice of the decision at the earliest date practicable following the conclusion of the applicable Season.‌ Unless otherwise included in an SPA addendum and subject to paragraph 3 below, in the event that a Club ceases to field a team in the League, the SPAs of such Club shall automatically be amended such that their term expires as of November 30 following the last Season in which the Club fielded a team. For clarification, however, if a Player is traded or transferred to another USL Club prior to November 30, the Player’s SPA shall remain in effect with his new USL Club (in accordance with Article 14.A). Beginning in 2023, for any SPAs which were otherwise set to continue through the upcoming season (but for the amendment described in the first sentence of this subsection), the Club shall also pay to such Player an amount equal to three (3) months’ base Salary, which amount shall be payable by December 31 or within thirty days of notification to the Players, whichever is later.‌ Unless otherwise included in an SPA addendum, if a Club ceases to field a team in the League but nonetheless fields a team in another professional league operated by USL (or its affiliate) the following season, the following provisions shall apply with respect to any Player with Guaranteed Contract Years remaining on his SPA:‌
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Related to Effect of Termination of SPA

  • Effect of Termination Upon any expiration of the Term or termination of this Agreement, the obligations and rights of the parties hereto shall cease, provided that such expiration or termination of this Agreement shall not relieve the parties of any obligation or breach of this Agreement accruing prior to such expiration or termination, including, without limitation, all accrued payment obligations arising under Article 6. In addition, Article 5, Article 7, Section 2.12, Section 4.5, and this Section 4.6 shall survive the expiration or termination of this Agreement. For the avoidance of doubt, the rights of Registry Operator to operate the registry for the TLD shall immediately cease upon any expiration of the Term or termination of this Agreement.

  • Effect of Termination of Agreement Upon the Termination Date or the Expiration Date, as applicable, any amounts then owing by a Party to the other Party shall become immediately due and payable and the then future obligations of Customer and Provider under this Agreement shall be terminated (other than the indemnity obligations set forth in Section 13). Such termination shall not relieve either Party from obligations accrued prior to the effective date of termination or expiration.

  • Effect of Termination of Service Except as otherwise provided in accordance with Section 4(b) above, if you cease to be a Service Provider, you will forfeit all unvested Units.

  • Termination and Effect of Termination This Agreement shall terminate upon the date on which no Holder holds any Registrable Securities, except for the provisions of Sections 3.9 and 3.10, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability for breach or Registration Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification rights pursuant to Section 3.9 hereof shall retain such indemnification rights with respect to any matter that (i) may be an indemnified liability thereunder and (ii) occurred prior to such termination.

  • Effect of Termination for Cause In the event the Executive’s employment shall be terminated for Cause pursuant to Section 5.1 hereof, the Company shall pay the Executive his salary through the date of termination.

  • Termination Effect of Termination 40 8.1 Termination.........................................................40 8.2

  • Effect of Termination on Compensation In the event of the termination of this Agreement prior to the completion of the term of employment specified in Article 1, the Employee shall be entitled to the compensation earned by the Employee prior to the effective date of termination as provided for in this Agreement, computed pro rata up to and including that date. Except as otherwise provided in this Agreement, the Employee shall be entitled to no further compensation after the date of termination.

  • Effect of Termination and Abandonment In the event of termination of this Agreement and the abandonment of the Merger pursuant to this Article VIII, no party to this Agreement shall have any liability or further obligation to any other party hereunder except (i) as set forth in Section 9.01 and (ii) that termination will not relieve a breaching party from liability for any willful breach of this Agreement giving rise to such termination.

  • Effect of Termination Survival If the Service Agreement is terminated, the Provider shall destroy all of LEA’s Student Data pursuant to Article IV, section 6.

  • Effect of Termination of Employment (a) Upon the effective date of termination of the Employee's employment pursuant to Section 6, Section 7(a) or Section 7(c) hereof, neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive, within 30 days of the Termination Date: (i) the unpaid portion of the Base Salary provided for in Section 5(a), computed on a pro rata basis to the Termination Date; (ii) reimbursement for any expenses for which the Employee shall not have theretofore been reimbursed, as provided in Section 5(d); and (iii) the unpaid portion of any amounts earned by the Employee prior to the Termination Date pursuant to any Benefit Arrangement; provided, however, unless specifically provided otherwise in this Section 8, the Employee shall not be entitled to receive any benefits under a Benefit Arrangement that have accrued during a fiscal year if the terms of such Benefit Arrangement require that the beneficiary be employed by the Corporation as of the end of such fiscal year. (b) Upon the termination of the Employee's employment pursuant to Section 7(b), neither the Employee nor the Employee's beneficiaries or estate shall have any further rights under this Agreement or any claims against the Corporation arising out of this Agreement, except the right to receive: (i) the unpaid portion of the Base Salary, computed on a pro rata basis, for the period from the Commencement Date until the first anniversary of the Termination Date, payable in such installments as the Base Salary was paid prior to the Termination Date; and (ii) the payments, if any, referred to in Sections 8(a)(ii) and (iii). (c) The Employee's obligations under Sections 9, 10 and 11 of this Agreement, and the Corporation's obligations under this Section 8, shall survive the termination of this Agreement and the termination of the Employee's employment hereunder.

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