General Provisions Privatization Plans of POB Sample Clauses

General Provisions Privatization Plans of POB. In case of a privatization of the POB during the Contract Period which leads to an early Contract termination, the Manager will be given a notice period of twelve (12) Months, coupled with an indemnity schedule as follows: • The Fixed Fee multiplied by a factor of (2.0x) in case at least eight (8) Years are remaining from the Contract Period as at the effective date of termination. • The Fixed Fee multiplied by a factor of (1.5x) in case five (5) to eight (8) Years are remaining to Contract expiration as at the effective date of termination. • The Fixed Fee multiplied by a factor of (0.5x) in case less than five (5) Years are remaining from the Contract Period as at the effective date of termination.
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