General Term. The term of the Option and this Option Agreement shall commence on the date hereof. The right of the Optionee to exercise the Option with respect to any Option Shares, to purchase any such Option Shares and all other rights of the Optionee with respect to any such Option Shares shall terminate on the tenth anniversary of the Grant Date, unless the Option has been earlier terminated as provided either in paragraphs (b) through (h) below or under the Plan.
General Term. 1.1 The Broker and TUL will mutually conduct their regulated activities in accordance with the rules and requirements of the relevant regulator.
1.2 For the purpose of the Agreement the Broker is, at all times, acting as the agent of its clients and not TUL. The Broker has no authority to act on behalf of TUL, unless otherwise expressly stated. For the avoidance of doubt the Broker is solely responsible for the advice which it gives to its clients. The Broker shall be acting as the agent of its clients, not TUL in relation to the preparation of all proposal forms, statements of fact, e-trading submissions, cover notes and other documentation relating to any insurance underwritten or placed by TUL. The Broker must make the client aware of their requirement to disclose all material facts.
1.3 TUL undertakes not directly or knowingly to solicit the clients of the Broker away from the Broker during the currency of the Agreement or for two years following the termination of this Agreement but we may contact orphaned clients in the event that the Broker is no longer able to service them because of their permissions being revoked, subject to clause 8.5 below.
1.4 The Broker shall not appoint any sub-agent to deal with the insurance business of TUL, unless expressly agreed in writing and strictly subject to any terms imposed by TUL.
1.5 The Broker and TUL may, by mutual written consent, agree to vary the terms and conditions of this Agreement at any time.
1.6 The Broker shall immediately advise TUL in writing of any significant changes in the regulatory status, structure, location or domicile of the Broker.
1.7 Each party will fully and effectively indemnify the other party against any costs, loss, liability or any expense whatsoever which may be suffered by the other party directly or indirectly as a result of any service performed or action taken or omitted to be taken by the first party, save to the extent that the same is due to the other party’s negligence, wilful default or fraud.
1.8 The Broker expressly agrees that nothing in this Agreement obligates TUL to accept any proposal for insurance or renewal of any existing policy or to maintain cover of any existing policy in line with policy terms and conditions. Cover is not effective until the Broker is in receipt of written confirmation from TUL.
1.9 Nothing in this Agreement shall grant the Broker authority to accept, amend or vary Insurance Business, settle, negotiate or compromise claims, alter any docume...
General Term. Employer hereby employs Employee, and Employee agrees to serve Employer as Employer's Officer, upon the terms and conditions hereinafter set forth for a period of sixty (60) months (“Initial Term”), commencing on the January 1, 2020 unless extended or terminated as provided herein. The Initial Term shall automatically be extended for successive additional periods of thirty-six (36) months each (each such extension is referred to as an “Extension Term” of the Employment Term) in the event that written notice of termination hereof is not given by one party hereof to the other at least twenty-four (24) months prior to the end of the Employment Term or the then applicable Extension Term, as the case may be; provided that the Employment Term shall terminate prior to such date: (1) upon Employee’s death or permanent disability or incapacity (as determined by the Board in its good faith judgment) or (2) upon the mutual agreement of the Employer and Employee.
General Term. (a) This Agreement may not be amended or modified except by a writing signed by the Borrower and the Agent, nor may the Borrower assign any of its rights hereunder. This Agreement and the terms, covenants and conditions hereof shall be construed in accordance with, and governed by, the laws of the State of New York (without giving effect to any conflicts of law provisions contained therein). In the event that any Collateral stands in the name of the Borrower and another or others jointly, as between the Agent and the Borrower, the Agent may deal with the same for all purposes as if it belonged to or stood in the name of the Borrower alone.
(b) This Agreement and the security interests granted herein shall terminate on the date on which all payments under the Notes (as defined in the Purchase Agreement) have been indefeasibly paid or satisfied in full (including as a result of the conversion in full of the Notes) and all other obligations have been paid or discharged (other than contingent indemnification obligations).
General Term. This Agreement shall commence on the Start Date and terminate on December 31, 2011 (“Initial Term”) unless extended or sooner terminated as provided herein. The Initial Term shall automatically be extended for successive additional one-year periods (each, a “Renewal Period”), unless either party to this Agreement provides the other party with notice of termination of this Agreement at least 60 days prior to the expiration of the Initial Term or any Renewal Period thereafter (“Notice Period”).
General Term. On the basis of monthly subscription report, the broadcaster shall issue monthly invoice to the DPO for broadcaster’s share of maximum retail price' payable by such distributor to the broadcaster and such invoice shall clearly specify the current payment dues and arrears, if any, along with the due date for payment: Provided that the broadcaster shall allow a time period of at least fifteen days to the distributor of television channels for making payment from the date of receipt of invoice by the distributor: Provided further that in case the distributor fails to provide the monthly subscription report within the period of seven days from the end of the calendar month, the broadcaster shall have the right to raise a provisional invoice, for an amount increased by ten percent of the 'broadcaster’s share of maximum retail price' payable by the distributor to the broadcaster for the immediate preceding month, and the distributor shall be under obligation to make the payment on the basis of such provisional invoice: Provided, also that it shall be mandatory for the broadcaster and the distributor to carry out reconciliation, between the provisional invoice and the final invoice raised by the broadcaster on the basis of the monthly subscription report sent by the distributor, within three months from the date of issue of such provisional invoice.
General Term. This Agreement shall commence on the Start Date and terminate on the second anniversary of the Start Date (“Initial Term”) unless extended or sooner terminated as provided herein. The Initial Term shall automatically be extended for successive additional one-year periods (each, a “Renewal Period”), unless either party to this Agreement provides the other party with notice of termination of this Agreement at least 30 days prior to the expiration of the Initial Term or any Renewal Period thereafter. Notwithstanding the foregoing, in the event of a Change in Control of the Company, the term of this agreement shall be deemed extended for a Renewal Period that begins on the effective date of such Change in Control and ends on the third anniversary of such effective date.
General Term. Subject to earlier termination of the Option upon your death, permanent disability or termination of employment with the Company (voluntarily or involuntarily and with or without cause), which are governed by Paragraph 13 of the 1996 Plan, the Option will expire (to the extent not previously exercised) on the tenth anniversary of the date of this Stock Option Agreement.
General Term. This Agreement shall be in effect commencing immediately following the “Rights Closing Effective Time” specified in the Separation Agreement and continuing until 5:00 p.m. (Central Time) on the last day of the sixty-sixth month following the Rights Closing Effective Time, subject to earlier termination in accordance with Section 6.1.
General Term. This Agreement shall commence on January 1, 2006 and terminate on the date of the 2008 Annual General Meeting, as determined by the Board in it discretion (“Term”). The Term may be extended by the parties by written agreement for successive additional one-year periods.
