Extension of Term of Agreement. The Company and the Employee agree that the Company's Board of Directors shall, based upon recommendations of the Company's President/CEO, review the Employee's performance with the intent that, if the Employee's performance so warrants, the Board may extend the term of this Agreement for additional three-year periods. By the day preceding the first anniversary date of the Effective Date, the Board shall notify the Employee of its decision whether to grant an extension of this Agreement for an additional three-year period. To the extent that the Board fails to notify the Employee, on or before the date described in the preceding sentence, of the extension of the term of this Agreement, the term of this Agreement shall be automatically extended for an additional three-year period. By way of illustration of this Paragraph 5, if, by December 31, 1996, the Board notifies the Employee that it intends to grant an extension of the term of this Agreement (or, if by such date, the Board fails to notify the Employee that it does not intend to grant such an extension), the term of this Agreement shall be extended for an additional three-year period beginning on January 1, 1997 and ending on December 31, 2000. This Agreement shall be subject to extension in the manner set forth in this paragraph for additional three-year periods on the first anniversary date of the Effective Date of the immediately preceding extension.
Extension of Term of Agreement. 3.01 The Agreement will be valid till the Term of the Agreement as stipulated in Article 2 and may be extended further by mutual consent subject to availability of gas and Seller’s ability to supply. The Agreement will be reviewed by the Parties 06 (six) months prior to the expiry of the Term which is specified in Article 2 above, and may be extended further subject to gas availability on mutually agreed terms and conditions, including but not limited to the duration of such extension.
Extension of Term of Agreement. Section 5(b) of the Agreement is amended to state as follows:
Extension of Term of Agreement. If negotiations extend beyond the anniversary date of the Agreement, both parties shall adhere fully to the provisions of this Agreement during the period of bona fide collective bargaining.
Extension of Term of Agreement. Sections 6.02 and 6.02.01 of the Agreement, as previously amended, are hereby replaced as follows: This Agreement shall have a term extending one fiscal year beyond the date of termination of MRP 3.0; such termination date shall, however, be deemed to include any administrative extension of MRP 3.0 which occurs or arises pursuant to the NPDES regulations or any modification of the MRP 3.0 termination date that arises from an NPDES permitting action undertaken by the RWQCB SFBR or California State Water Resources Control Board.
Extension of Term of Agreement. In the sole discretion of the Agency, and in accordance with the RFP Specifications, this Agreement may be extended for an additional twelve (12) months for the period from January 1, 2023 through and including December 31, 2023. The Agency will, in writing, notify the Food Preparer of its intent to extend the Agreement for an additional twelve (12) month period no later than October 1, 2022. If the Food Preparer does not demonstrate satisfactory performance during the Initial Term of this Agreement, this Agreement will not be extended. If not extended, this Agreement will terminate by its own terms on December 31, 2022.
Extension of Term of Agreement. Section 1 of the Original Agreement shall be amended so that the term of the Agreement will continue until December 31, 2009.
Extension of Term of Agreement. (a) If a Change in Control of the Bank or the Company shall occur prior to the Insured's termination of employment or retirement, then the death benefit coverage set forth in Section 5 shall remain in effect for thirty-six (36) months following Insured's termination of employment following the Change in Control or age 65, unless this Agreement is otherwise terminated pursuant to its terms prior to such time. For these purposes, "Change in Control" shall mean: a change in control of a nature that: (i) would be required to be reported in response to Item 5.01 of the current report on Form 8-K, as in effect on the date hereof, pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 (the "Exchange Act"); or (ii) results in a Change in Control of xxx Xxxx xx xxx Xxxxxxx within the meaning of the Home Owners' Loan Act, as amended, and applicable rules and regulations promulgated thereunder (collectively, the "HOLA") as in effect at the time of the Change in Control; or (iii) without limitation such a Change in Control shall be deemed to have occurred at such time as (a) any "person" (as the term is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the "beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 25% or more of the combined voting power of Company's outstanding securities, except for any securities purchased by the Bank's employee stock ownership plan or trust; or (b) individuals who constitute the Board on the date hereof (the "Incumbent Board") cease for any reason to constitute at least a majority thereof, provided that any person becoming a director subsequent to the date hereof whose election was approved by a vote of at least three-quarters of the directors comprising the Incumbent Board, or whose nomination for election by the Company's stockholders was approved by the same Nominating Committee serving under an Incumbent Board, shall be, for purposes of this clause (b), considered as though he were a member of the Incumbent Board; or (c) a plan of reorganization, merger, consolidation, sale of all or substantially all the assets of the Bank or the Company or similar transaction in which the Bank or Company is not the surviving institution occurs or is effected; or (d) a proxy statement soliciting proxies from stockholders of the Company, by someone other than the current management of the Company is distributed, seeking stockholder ap...
Extension of Term of Agreement. (a) The date defined as the “Expiration Date” in the Agreement (and any subsequent amendments thereof executed prior to the Amendment Effective Date) is hereby deleted and replaced with a reference to the earlier of: (a) March 1, 2014; or (b) the date that is eighteen months (18) months after the date on which Company begins hosting the United States Microsoft Store website under the terms of the HSA (as defined below), rather than the terms of the Hosted Platform Addendum to the Agreement (i.e., with Microsoft handling the payment processing rather than Company). Unless the Agreement is terminated earlier, or the Expiration Date is again extended, the Agreement will expire on the new Expiration Date set forth in the preceding sentence. Microsoft may extend the Expiration Date (without, for the avoidance of doubt, any obligation to renegotiate the terms of the Agreement) for up to three separate six (6) month renewal terms by providing written notice to Company at least 90 days prior to the then-current Expiration Date. Subject to Section 1(b) below, such written notice may include Microsoft’s and its Affiliates’ election not to extend the Expiration Date with respect to one or more Regional HSA SOWs. Unless otherwise specified in the applicable SOW and unless a SOW is terminated in accordance with the terms of the Agreement, the previous sentence of this Section, or the applicable SOW, all SOWs entered into by Company and Microsoft on or after the Amendment Effective Date referencing the Agreement and the HSA shall be co-terminus with the Agreement.
(b) [*]
Extension of Term of Agreement. In the event the damages are paid by the defaulting party as per provisions of clause 4.2 and 4.3 and the Agreement has not been terminated as per the provisions of Clause 4.4, the term of the Agreement shall be deemed to have been extended corresponding to the period of delay in fulfilment of conditions precedent. For eg – If there is a delay of 15 days in the fulfilment of conditions precedent and the defaulting party has paid the applicable damages, the Appointed date shall start after 15 days from the originally stipulated Appointed Date.
