Modification of Term. In the event that an Announcement or a Change in Control occurs during the Term, the term of this Agreement shall automatically and irrevocably become a term ending on the later of the last day of the Term or the second anniversary of the date of Consummation of a Change in Control Transaction. This Agreement shall be assigned to, and shall be assumed by, any successor to the Company upon Consummation of a Change in Control Transaction. During the modified term pursuant to this section, this Agreement shall not be terminated or amended, altered or nullified by the Company or its successor without the Executive's written consent.
Modification of Term. In the event that an Announcement or a Change in Control occurs during the Term, the term of this Agreement shall automatically and irrevocably become a term ending on the later of the last day of the Term or the second anniversary of the date of Consummation of a Change in Control Transaction. This Agreement shall be assigned to, and shall be assumed by, any successor to the Company upon Consummation of a Change in Control Transaction. During the modified term pursuant to this section, this Agreement shall not be terminated by the Company or its successor.
Modification of Term. Section 1(a) of the Services Agreement is hereby amended and restated in its entirety to read as follows:
Modification of Term. WPCTSA and the City of Roseville agree to extend the Agreement on an annual basis for a period of up to three (3) fiscal years, commencing July 1, 2014 to June 30, 2017. This Agreement shall automatically renew each July 1, unless WPCTSA or the City of Roseville provides written notice to the other of its intent to terminate this Agreement not less than sixty (60) days before the end of the then current fiscal year.
Modification of Term. The term of this Agreement can be modified, with the written consent of the Company, which consent shall not be unreasonably withheld or delayed, to allow the Employee to allocate unspecified time managing his family’s business in the event of an untimely illness or death of his father or other family members critical to the maintenance of the Employee’s family business. The Employee shall be obligated to keep the Company apprised on a monthly basis as to the length of time and amount of time required to meet these family needs. This Section
4.1 shall end one (1) calendar year from the date of written notification requesting such relief from this Agreement.
Modification of Term. The term of the Lease is hereby amended to be for one (1) year beginning on October 1, 2019. The Lease shall automatically renew for additional terms of one (1) year each, unless either party provides written notice to the other of its intent to terminate the Lease not less than one hundred and eighty (180) days before the end of the then current term. The Lease shall continue annually under the same terms and conditions, except as specifically modified in this Amendment.
Modification of Term. You agree that, in order to effect an early succession plan, the Committee may reduce the term of your employment hereunder and, in connection therewith, have the discretion to vest all unvested Options granted pursuant to the Option Agreement, and pay 100% of the special retirement payment provided for in Paragraph 6 hereof.
Modification of Term. Section 1.1(b) of the Lease Agreement shall be modified such that Operation shall include Care and Maintenance. The last sentence of Section 1.1(b) of the Lease Agreement would be modified to clarify that the cessation of Commercial Production or Operations will not terminate the Lease Agreement either before or after the expiration of the initial 30-year term of the Lease Agreement so long as the Deferral Period remains in effect.
Modification of Term. Landlord and Tenant agree that the Term in Paragraph 3 of the Lease will be amended to include an additional 4 (4) successive five (5) year periods (“Additional Renewal Terms”) which shall extend the Lease automatically for each successive Additional Renewal Term on the same terms and conditions as set for in the Lease unless Tenant notifies Landlord of its intention not to renew prior to the commencement of the succeeding Additional Renewal Term.
Modification of Term. All references to the Term of Agreement shall be amended to provide that the Agreement has a New Initial Term of Five (5) years (“New Initial Term”), commencing on April 30th, 2020 and the Term will be automatically renewed for up to Five (5) additional Five (5) year terms (each a “Renewal Term”) without further action by Operator.
