Operative Event Sample Clauses
The Operative Event clause defines the specific occurrence or condition that triggers the rights, obligations, or actions outlined in a contract. Typically, this clause identifies a particular event—such as a breach, default, or the achievement of a milestone—that activates certain provisions, like payment obligations or the commencement of a notice period. By clearly specifying what constitutes the operative event, the clause ensures all parties understand when contractual duties or remedies become effective, thereby reducing ambiguity and potential disputes.
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Operative Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable hereunder unless and until there is a Change in Control at a time when the Executive is employed by the Company.
Operative Event. No amounts shall be payable hereunder unless and until there is a Change in Control.
Operative Event. Notwithstanding any provision herein to the --------------- contrary, no amounts shall be payable hereunder unless and until a Change in Control has become known to the Board or occurred at a time when the Employee is employed by ServiceMaster.
Operative Event. Notwithstanding any provision herein to the contrary, except as set forth in Section 3(c), no amounts shall be payable hereunder unless and until the Merger is consummated at a time when the Executive is employed by the Company.
Operative Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable hereunder unless the Executive’s employment with the Company is terminated in a Qualifying Termination.
Operative Event. Notwithstanding any provision herein to the contrary, except as set forth in Section 3(c), no amounts shall be payable hereunder unless and until a Change in Control is consummated at a time when the Executive is employed by the Company.
Operative Event. Notwithstanding any provision herein to the contrary, no amounts shall be payable or benefits provided hereunder unless and until (i) there is a Change in Control at a time when the Executive is employed by the Company or (ii) the Executive is terminated by the Company before, but in connection with, a Change in Control.
Operative Event. The term "OPERATIVE EVENT" shall mean, with respect to any Shareholder, any of the following events:
Operative Event. 2 ARTICLE II Restrictions on Transfer. . . . . . . . . . . . . . . . . . . . . 3 Section 2.1 Restrictions on Transfer. . . . . . . . . . . . . . . . . . . . . 3 Section 2.2 Effect of Purported Transfer. . . . . . . . . . . . . . . . . . . 4 Section 2.3 Beneficial Ownership. . . . . . . . . . . . . . . . . . . . . . . 4
Operative Event. The term as defined in the respective Assignment and Subrogation Agreements, as amended pursuant to Section 2.1(g) hereof.