Key Man Clause Sample Clauses

Key Man Clause. Xxxx Xxxxx and/or Xxxxxxx Xxxxxx will continue their current employment with their current respective responsibilities throughout the term of this Agreement; provided that if both Xxxx Xxxxx and Xxxxxxx Xxxxxx are no longer so employed, replacement(s) acceptable to Buyer in its sole and absolute discretion shall be appointed within 30 days after their departure.
Sample 1
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Key Man Clause. Employee may terminate this Agreement at any time during the first two years of the Term hereunder upon ninety (90) days written notice if Rogex Xxxxxxx xxxses to occupy and discharge both of the offices of Chairman of the Board and Chief Executive Officer of Company, which notice by Employee may be given no later than ninety (90) days after such departure of Rogex Xxxxxxx. Xxon the effective date of such termination by Employee, Company shall be relieved of the obligation to pay or provide salary or other compensation and/or benefits to Employee for any period subsequent to such termination date, but upon such termination Company (i) shall pay to Employee a lump sum payment in an amount equal to nine (9) months salary; (ii) provide Employee any Warrants and/or stock options vested at that time; and (iii) shall pay up to but not in excess 7 of the first nine (9) months of so-called COBRA health benefits payments incurred by Employee in continuing his health benefits insurance.
Sample 1
Key Man Clause. Employee may terminate this Agreement at any time during the first two years of the Term hereunder upon ninety (90) days written notice if Rogex Xxxxxxx xxxses to occupy and discharge both of the offices of Chairman of the Board and Chief Executive Officer of Company, which notice by Employee may occur no later than ninety (90) days after such departure of Rogex Xxxxxxx. Xxon the effective date of such termination by Employee, Company shall be relieved of the obligation to pay or provide salary or other compensation and/or benefits to Employee for any period subsequent to such termination date, excepting only the obligation to pay to Employee a lump sum amount equal to nine (9) months salary and provide Employee any Warrants and/or stock options vested at that time.
Sample 1
Key Man Clause. In the event Xxxx Xxxxxx ("Xxxxxx") shall at any time during the Term cease to be employed as the [senior executive in charge of sales and distribution] for Agent, Agent shall immediately notify Producer in writing. Producer then may (but shall have no obligation, to) terminate this Agreement by providing written notice thereof to Agent. In the event of such termination, Agent shall continue to distribute any Picture with respect to which it has (i) received all materials set forth in the delivery schedule for such Picture; and (ii) commenced marketing and distribution efforts (such a Picture is referred to herein as a "Delivered Picture"), and all obligations of Agent to Producer hereunder shall continue with respect to all Delivered Pictures. Producer shall have no obligation to deliver (or to complete delivery) to Agent of any Picture which is not a Delivered Picture at the time Xxxxxx'x services are terminated. Agent shall immediately return to Producer all materials in its possession with respect to any Picture which is not a Delivered Picture. If the foregoing correctly reflects your understanding, please sign at the place provided below whereupon this letter will constitute a binding agreement between us as of the day and year first above written. AGREED TO AND ACCEPTED: FRANCHISE PICTURES, LLC ("Agent") By: S/X.X. Xxxxxx Xxxx X. Xxxxxx Its: Executive Vice President MAGELLAN FILM SAILS, INC. ("Producer") By: S/Xxxxxx Xxxxx Its: Agent 151
Sample 1
Key Man Clause. Any Employer working in the geographical area of the Union signatory to this Agreement shall be entitled to one (1) key man under the following conditions: 1. The man must be a member in good standing of the Union for a period of not less than one (1) year. 2. First and last man on the job will be a local man. 3. There shall be one (1) key man on a project unless it is otherwise agreed to by the local Business Agent. This rule shall be applied as follows: the first employee on a job, including supervision, may be selected by the employer, thereafter, the next two employees must be hired from the local union, thereafter, the employer then may select the next employee, with the local union and employer alternating selections thereafter.
Sample 1

Related to Key Man Clause

  • TERMINATION CLAUSE Whenever either of the parties hereto determines that termination of this Agreement is in such party’s best interest, then the Agreement may be terminated by giving written notification to the other party. A determination may include, but not be limited to: A. Failure of either party to comply with any or all items contained within Sections 1 through 15 of this Agreement, contract exhibits, and/or provisions of any subsequent contractual amendments executed relative to this Agreement; B. This Agreement may be terminated if project funds to WICHITA under the grant are suspended or terminated; C. Either party hereto may also, by giving thirty (30) days notice, terminate this Agreement for convenience; D. Upon receipt of notice of termination, DERBY shall: (1) discontinue further commitments of contract funds to the extent they relate to the terminated portion of the Agreement; (2) promptly cancel all Agreements and/or orders to subcontractors utilizing funds under this Agreement; (3) submit, within a reasonable period of time to be specified by WICHITA, a cancellation settlement proposal which shall include a final statement for the Agreement, or reimbursement of unearned funds previously distributed.

  • DURATION CLAUSE 1. This Agreement shall be in full force and effect from May 1st, 2022 to and including April 30th, 2027 and shall continue from year to year thereafter unless written notice of desire to cancel or terminate the Agreement is served by wither party upon the other not less than sixty (60) and not more than ninety (90) days prior to April 30th, 2022 or April 30th of any subsequent year. 2. Where no such cancellation or termination notice is served and the parties desire to continue said Agreement, but also desire to negotiate changes or revisions in this Agreement, either party may serve upon the other a written notice not less than sixty (60) and not more than ninety (90) days prior to April 30th, 2022, or April 30th of any subsequent contract year, advising that such party desires to revise or change terms or conditions of such Agreement. The respective parties shall be permitted all legal or economic recourse to support their requests for revisions if the parties fail to agree thereon. Nothing herein shall preclude the parties from making revisions or changes in this Agreement, by mutual consent, at any time during its term.

  • CERTIFICATION CLAUSES The CONTRACTOR CERTIFICATION CLAUSES contained in the document CCC 04/2017 are hereby incorporated by reference and made a part of this Agreement by this reference as if attached hereto.

  • Arbitration Clause All disputes arising under this agreement shall be governed by and interpreted in accordance with the laws of New York, without regard to principles of conflict of laws. The parties to this agreement will submit all disputes arising under this agreement to arbitration in New York City, New York before a single arbitrator of the American Arbitration Association (“AAA”). The arbitrator shall be selected by application of the rules of the AAA, or by mutual agreement of the parties, except that such arbitrator shall be an attorney admitted to practice law New York. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. No party to this agreement will challenge the jurisdiction or venue provisions as provided in this section. Nothing contained herein shall prevent the party from obtaining an injunction.

  • WAIVER CLAUSE The parties acknowledge that during the negotiations which resulted in this Agreement, each had the unlimited right and opportunity to make demands and proposals with respect to any subject matter not removed by law from the area of collective bargaining, and that the understandings and agreements arrived at by the parties after the exercise of that right and opportunity are set forth in the Agreement. Therefore, the Employer and the Association, for the life of this Agreement, each voluntarily and unqualifiedly waives the right and each agrees that the other shall not be obligated to bargain collectively with respect to any subject or matter not specifically referred to or covered in this Agreement, even though such subjects or matters may not have been within the knowledge or contemplation of either or both of the parties at the time that they negotiated or signed this Agreement.

  • Savings Clause If any provision of this Agreement, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this Agreement, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.

  • Integration Clause Except for documents and instruments specifically referenced herein, this Agreement constitutes the entire agreement between Bank and Borrower regarding the Loan and all prior communications verbal or written between Borrower and Bank shall be of no further effect or evidentiary value.

  • Arbitration Clauses Except for certain circumstances, TIPS forbids a mandatory arbitration clause in any contract or agreement entered into between the awarded vendor with TIPS or a TIPS member entity. Does the vendor agree to exclude any arbitration requirement in any contracts or agreement entered into between TIPS or a TIPS member entity through an awarded contract with TIPS?

  • NON-COMPETITION CLAUSE The parties agree that during the term of employment and for a period of up to 12 months after the expiry of the agreed notice period (such 12-month period referred to as the "Restricted Period"), the Executive shall not be entitled to be employed by, directly or indirectly offer services to, start up, lead, be a board member in, have an ownership interest in, participate in or otherwise in any way engage in any business that directly or indirectly competes with the Company or the Group (the "Non-Competition Clause"). In case of summary dismissal, the Restricted Period commences on the date of the summary dismissal. The Company may at the request of the Executive, or at any other time, decide if and to what extent the Non-Competition Clause shall be invoked. The procedure in connection with such a decision shall comply with the mandatory provisions of Chapter 14 A in the WEA including the Company's obligation to provide the Executive with a written statement in this regards. If the Restricted Period is invoked for a shorter period of time, the Compensation to the Executive (see below) is reduced correspondingly. Should the Employer decide not to invoke the Non-Competition Clause, the Executive will not be entitled to such Compensation. If the Non-Competition Clause is invoked, the Executive shall receive compensation during the Restrictive Period equivalent to 100% of the Executive's annual remuneration up to 8 G ("G" means the Basic Amount in the National Insurance Scheme), and then, if applicable, 70% of the annual remuneration exceeding 8G ("Compensation"). The term "remuneration" is to be understood in line with Chapter 14 A in the WEA. The total amount of Compensation will not exceed 12 G. The Compensation is based on the Executive's remuneration the last 12 months preceding the time of the notice and is paid monthly on the Company's payroll date. The Compensation is not included in the basis for holiday pay or pension, and the Executive is not entitled to any bonus or other supplementary benefits from the Company during the period for payment of the Compensation. The Employer will carry out tax deduction and any other mandatory deductions in accordance with applicable law. The Compensation is paid monthly on the Company's payroll date. Deductions shall be made in the Compensation for any income or other remuneration (or similar) that the Executive receives from the Company or accrues from others in the Restricted Period limited to 50% of the Compensation. The Executive shall provide adequate information about the salary from any new employer during the application of the obligations set out herein. If the Executive does not comply with this requirement, the Company may withhold the Compensation until such information is received.

  • RECOGNITION CLAUSE The Employer agrees to recognize the Union as the exclusive bargaining agent for all employees in the bargaining units as so certified by the Public Employment Relations Commission (PERC) for the purpose of establishing wages, hours and conditions of employment. If PERC certifies the Union as the exclusive representative during the term of this Agreement for a bargaining unit in general government, the terms of this Agreement apply.

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