Pending Termination Clause Samples

The Pending Termination clause defines the period and conditions under which a contract or agreement remains in effect after a party has given notice of termination but before the termination becomes effective. Typically, this clause outlines the obligations and rights of both parties during this interim phase, such as the continuation of services, payment responsibilities, or restrictions on new commitments. Its core practical function is to ensure a smooth transition and minimize disruption by clarifying expectations and duties while the termination process is pending.
Pending Termination. MassMutual may defer making withdrawals and transfers for up to [ten] days during which MassMutual is considering terminating the Agreement under Section 3.01A(2) and (3).