Expiry of Rights. A faculty member who is laid off under this section and is rehired by the University-College subsequent to the expiry of a retraining leave and/or the recall period shall be treated as a new employee for all purposes.
Expiry of Rights. Any rights arising out of or in connection with this Agreement shall expire twenty-four (24) months after the commencement of the statutory limitation period. The statutory limitation rules for intentional and grossly negligent acts, claims arising from intentional or negligent injury to life, body, or health, fraudulent misrepresentation, and claims under the Product Liability Act as well as Section 548 of the German Civil Code shall remain unaffected.
Expiry of Rights. A Non-Resident Holder will not be subject to tax under the Tax Act in respect of the expiry or termination of an unexercised Right.
Expiry of Rights. The Demand Registration rights and Piggy-Back Registration rights granted to Shaw pursuant to this Article 4 shall terminate and be of no further force or effect at such time as Shaw no longer beneficially owns Class B Shares representing at least 5% of the outstanding Corus Shares.
Expiry of Rights. The expiry or termination of an unexercised Right will result in a capital loss to a Resident Holder equal to the adjusted cost base, if any, of the Right immediately before its expiry or termination. Any such capital loss will be subject to the treatment described below under the heading “Treatment of Capital Gains and Capital Losses”. Dividends received or deemed to be received on Common Shares by a Resident Holder that is an individual (other than certain trusts) will be included in computing the individual’s income and will be subject to the gross-up and dividend tax credit rules normally applicable to taxable dividends received by an individual from a taxable Canadian corporation. Taxable dividends received or deemed to be received by such individual which are designated by the Corporation as “eligible dividends” in accordance with the Tax Act will be subject to enhanced gross-up and dividend tax credit rules under the Tax Act. Taxable dividends received by an individual (including certain trusts) may give rise to a liability for alternative minimum tax as calculated under the detailed rules set out in the Tax Act. Dividends received or deemed to be received on Common Shares by a Resident Holder that is a corporation will be included in computing the corporation’s income and generally will be deductible in computing the taxable income of the corporation. A Resident Holder that is a “private corporation” or a “subject corporation” for purposes of the Tax Act may be liable to pay a refundable tax of 33 1/3%% on dividends received or deemed to be received to the extent such dividends are deductible in computing such Resident Holder’s taxable income.
Expiry of Rights. The provisions of this Section 7 shall expire and shall have no further force or effect if the Valuation Notice is not delivered by the Class C Shareholders within the time period set out in Section 7.2.
Expiry of Rights. Unless otherwise agreed to in writing by the Company pursuant to section 1.20 of the U.S.A., after 4:00 p.m. (Toronto time) on December 31, 1999 (the "Expiry Date") all rights under this Warrant shall wholly cease and determine and this Warrant shall be wholly void and of no value or effect.
