Common use of Modification and Cancellation Clause in Contracts

Modification and Cancellation. This Agreement is contingent upon sufficient School enrollment and the School’s financial condition. If the enrollment or the School’s financial condition does not justify the staffing, the Principal has discretionary power to make decisions regarding personnel reduction, including but not limited to, modification or cancellation of this Agreement. If the School closes for any reason, the term of this Agreement will expire on the date of the closure. If this Agreement is cancelled due to lack of enrollment or the School’s financial condition or is terminated because of School closure, you will be paid through the date of cancellation or closure; no further payments will be due to you. All modifications and cancellations are valid only if in writing, executed by you and the Principal, with the approval of the Pastor.

Modification and Cancellation. This Agreement is contingent upon sufficient School enrollment and the School’s financial condition. If the enrollment or the School’s financial condition does not justify the staffing, the Principal has discretionary power to make decisions regarding personnel reduction, including but not limited to, modification or cancellation of this Agreement. If the School closes for any reason, the term of this Agreement will expire on the date of the closure. If this Agreement is cancelled due to lack of enrollment or the School’s financial condition or is terminated because of School closure, you will be paid through the date thedate of cancellation or closure; no further payments will be due to you. All modifications and cancellations are valid only if in writing, executed by you and the Principal, with the approval of the Pastor.