Participation Period Sample Clauses

Participation Period. The Participation Period shall commence on the Effective Date and end on the earlier of (i) the first anniversary of the Effective Date (or such date to which the Participation Period is extended as referenced in a written extension agreement executed by the Participant and the Agent), or (ii) the date that the Agent refinances the Participation Interest and pays the Participant the Buyback Price (as such term is defined in Section 10). The Participant shall be entitled to its pro rata share of any interest accrued on the Notes during the Participation Period, but Participant shall not be entitled to any interest accrued on the Notes during any period other than the Participation Period.

Participation Period. The Participation Period shall commence on the Effective Date and shall terminate on the earliest of (i) August 21, 2010, which is the maturity date of the Loan (or, if maturity date of the Loan is extended, to such date to which the Participation Period is extended as referenced in a written extension agreement executed by the Participant and the Agent), (ii) the date of an Agent Foreclosure Event (as hereinafter defined), or (iii) the date of a Buyback Event (as hereinafter defined). The Participant shall be entitled to 100% of any interest accrued on the Note during the Participation Period, but the Participant shall not be entitled to any interest accrued on the Note during any period other than the Participation Period, except for component of the Purchase Price (as hereinafter defined) attributable to accrued interest.

Participation Period. The maximum period for participation in the DROP is five (5) years (the “Participation Period”). There is no minimum time period for participation. Upon termination of employment, the retiree shall receive the monthly retirement benefit previously credited to their DROP Account unless an Optional form of benefit is elected pursuant to subsection E. Failure to terminate employment at the expiration of the DROP Participation Period shall result in forfeiture of the Participant’s monthly pension benefit otherwise payable to their DROP Account until termination of employment. Interest on the DROP Account however, will continue to accrue during such a forfeiture period.

Participation Period. 2 2.18 Plan.................................................2 2.19

Participation Period. The maximum period for participation in the EROP is five (5) years (the “Participation Period”). There is no minimum time period for participation. An Employee must cease employment with the City of Sterling Heights Fire Department within five (5) years from the date of entering the EROP. The election to participate in the EROP is voluntary; however, an employee’s application and election to participate in the EROP shall constitute an irrevocable election to terminate employment and retire no later than five

Participation Period. The participation period under this AGREEMENT shall commence on the execution date of this AGREEMENT and shall conclude on the 60 (sixty) days after completion of Tranche 2 (“Term”). 5.1. Party B shall complete Tranche 1 by no later than [TBD]. The Parties will agree to firm timelines within 30 (thirty) days of this AGREEMENT], and 5.2. Tranche 2 not later than 18 (eighteen) months from the completion of Tranche 1. The Term can be extended only by written agreement of all Parties. 5.3. Any obligations to be provided as set out in this AGREEMENT shall be bound by the Term unless otherwise mutually agreed upon by both Parties in writing.

Participation Period. Participation in the Platform is for one (1) year (“Participation Period”). Upon approval of your Registration Form, you will receive the start and end date for your Participation Period. At the end of the Participation Period, you and HFW may agree to renew your participation in the Platform under the same or new terms.

Participation Period. The maximum period for participation in the DROP is three (3) years (the “Participation Period”) but in no event shall the Participation Period extend beyond the date of the Participant’s attainment of 25 years of actual service. There is no minimum time period for participation. A DROP Participant must cease employment with the City of Sterling Heights Fire Department either within three (3) years from the date of entering the DROP or upon attaining 25 years of actual service, whichever is earlier. The election to participate in the DROP is voluntary; however, an employee’s application and election to participate in the DROP shall constitute an irrevocable election to terminate employment and retire no later than three (3) years after the effective DROP date or upon attaining 25 years of actual service, whichever is earlier. Upon termination of employment, the retiree shall commence receipt of the monthly retirement benefit previously credited to their DROP Account, unless an Optional form of benefit is elected pursuant to Subsection E.

Participation Period. An employee shall indicate on the application for the DROP the number of years that the employee wants to participate in the DROP, up to a maximum of six years. As a condition for participation, the employee agrees to retire at the conclusion of his or her participation in the DROP.