Initial Stability Period Clause Samples
The Initial Stability Period clause defines a set timeframe at the beginning of an agreement during which certain terms, such as pricing, service levels, or contract conditions, remain unchanged. Typically, this period prevents either party from making modifications to key aspects of the contract, such as increasing fees or altering service commitments, for a specified duration—often to provide predictability and security for both sides. Its core practical function is to ensure stability and consistency in the contractual relationship, giving both parties confidence that the agreed-upon terms will not be altered unexpectedly during the initial phase.
Initial Stability Period. The Initial Stability Period means the period of time, as elected in Section 3.05, that follows, and is associated with, the Initial Measurement Period of a New Employee (who is either a Part-Time Employee, a Variable Hour Employee, or a Seasonal Employee).
Initial Stability Period. The Plan Sponsor must make the following election to determine the applicable Initial Stability Period for New Employees under the Plan. The Initial Stability Period shall last for the length of time selected below: (Choose one of the following)