Mutually Dependent Clause Samples

The "Mutually Dependent" clause establishes that certain obligations or provisions within a contract are interlinked, meaning the performance of one party is contingent upon the performance of the other. In practice, this means that if one party fails to fulfill their responsibilities, the corresponding obligations of the other party may also be suspended or excused. For example, payment may only be required if services are rendered as agreed. This clause ensures fairness and balance by preventing one party from being held to their commitments if the other party does not uphold theirs, thereby reducing the risk of unilateral non-performance.
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Mutually Dependent. The provisions of Section 4 above regarding ▇▇▇▇▇▇▇▇▇’ continued employment related to operational, technical and engineering matters and DRI’s continuing obligations to ▇▇▇▇▇▇▇▇▇ which are related thereto, and the covenants and agreements of ▇▇▇▇▇▇▇▇▇ set forth in Section 6 above, are mutually dependent, and ▇▇▇▇▇▇▇▇▇ understands and agrees that a violation of any of the provisions of Section 6 above will be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, ▇▇▇▇▇▇▇▇▇ will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) ▇▇▇▇▇▇▇▇▇ violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between ▇▇▇▇▇▇▇▇▇ and DRI, and on such date any continuing obligations of the Company to ▇▇▇▇▇▇▇▇▇ tied to his continued employment shall be extinguished.
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Mutually Dependent. The provisions of Section 4 above regarding Rykhoek’s continued employment and DRI’s continuing obligations to Rykhoek which are related thereto, and the covenants and agreements of Rykhoek set forth in Section 6 above, are mutually dependent, and Rykhoek understands and agrees that a violation of any of the provisions of Section 6 above may be considered a material breach of this Agreement, and further acknowledges and agrees that irreparable harm to the Company would result from a breach by him of any such provisions. Accordingly, notwithstanding any provision of this Agreement to the contrary, Rykhoek will permanently forfeit any rights to continued employment by the Company as set out under the provisions of Section 4 above, and the Company may immediately terminate such employment, beginning on the date that either (i) Rykhoek violates any provision of Section 6 above, or (ii) all or any part of, or the application of, Section 6 above is held or found invalid or unenforceable for any reason whatsoever by a court of competent jurisdiction in an action between Rykhoek and DRI, and on such date any continuing obligations of the Company to Rykhoek tied to his continued employment shall be extinguished.
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Related to Mutually Dependent

  • Dependent Care The College will make available to employees, at their option, an Internal Revenue Service Code Section 129 Dependent Care plan. The plan will be established, administered, and communicated to employees by the State without cost to the employees.

  • Dependent for the purpose of this Agreement, dependent means a spouse, whether of the same or opposite gender, and children under eighteen (18) years of age, or twenty-four (24) years of age if the child is in full time attendance at a school or post-secondary institution or any child that remains in the direct care of the parent in the same household because the dependent is medically verified as disabled and under twenty-four (24) years of age.

  • Non-dependent Dependent

  • Medical Plan ‌ Eligible employees and dependants shall be covered by the British Columbia Medical Services Plan or carrier approved by the British Columbia Medical Services Commission. The Employer shall pay one hundred percent (100%) of the premium. An eligible employee who wishes to have coverage for other than dependants may do so provided the Medical Plan is agreeable and the extra premium is paid by the employee through payroll deduction. Membership shall be a condition of employment for eligible employees who shall be enrolled for coverage following the completion of three (3) months’ employment or upon the initial date of employment for those employees with portable service as outlined in Article 14.12.

  • Extended Health Care Benefits The City will provide for all employees by contract through an insurer selected by the City an Extended Health Care Plan which will provide extended health care benefits. The City shall pay one hundred per cent (100%) of the premiums, which will include any premiums payable under The Health Insurance Act, R.S.O. 1990, as amended.