Split Contracts. In the case of a Player who signs a Major League Contract which sets forth a separate rate of pay for Minor League service, the rate of pay to be utilized in calculating termination pay under the preceding Sec- tions A, B and C shall be:
(1) the Minor League rate, if the termination occurs in the off- season;
(2) the Minor League rate, if the termination occurs during Spring Training, but on or before the 16th day prior to the start of the championship season;
(3) the Major League rate, if the termination occurs during Spring Training, but subsequent to the 16th day prior to the start of the championship season;
(4) the Minor League rate, if the termination occurs during the season and the Player is, at the time of termination, in the Minor Leagues; and the Major League rate, if the termination occurs dur- ing the season and the Player is, at the time of termination, in the Major Leagues. In the application of this subparagraph (4), a Player’s Contract may not be assigned to the Minor Leagues for the purpose of reducing the Player’s termination pay. Notwithstanding the above, a Player whose Contract is not assignable to the Minor Leagues without his consent, or a Player selected by a Major League Club in the immediately preceding Rule 5 draft, shall be entitled to receive termination pay at the Major League rate unless ter- minated during the championship season at a time when his Contract is under assignment to the Minor Leagues.
Split Contracts. The benefits of the Contracts which are apportioned to the Purchaser pursuant to the Framework Agreement;
Split Contracts. A Player signatory to a Split Contract shall be included in Actual Club Payroll at the total amount of his actual baseball earnings under that Contract from Major League Clubs (and from National Association clubs, if any) for that Contract Year, subject to subparagraph (g) below.
Split Contracts. From the date hereof until the Initial Closing, Seller and each Purchaser shall use, and shall cause their respective Affiliates to use, commercially reasonable efforts to cause the counterparty to each Split Contract to (i) enter into or grant a new Contract (including, if applicable, by granting a novation of such Split Contract) with (x) if any Seller Entity is party to the Split Contract, such Purchaser or any designee of such Purchaser or (y) if any member of the Acquired Group is party to the Split Contract, Seller or any designee of Seller, on terms substantially similar in all material respects to those contained in such Split Contract, in order for such Purchaser or its designee to receive the rights and benefits and bear the burdens and obligations of such Split Contract relating to the Business (such rights, benefits, burdens and obligations, the “Purchaser Portion”) and Seller or its designee to receive the rights and benefits and bear the burdens and obligations of such Split Contract relating to the Retained Businesses or otherwise not relating to the Business (such rights, benefits, burdens and obligations, the “Seller Portion”) (each such new Contract, a “New Contract”), it being understood that a New Contract will not necessarily contain the same terms as the Split Contract to which it relates, or (ii) if practicable, and (subject to any required notices or other Consents and any restrictions imposed by applicable Law), assign or novate to (x) if any Seller Entity is party to the Split Contract, such Purchaser or any designee of such Purchaser the Purchaser Portion of such Split Contract or (y) if any member of the Acquired Group is party to the Split Contract, Seller or any designee of Seller the Seller Portion of such Split Contract; provided that (A) no party to such Split Contract shall be required to assign or novate any such rights, benefits, burdens and obligations under any Split Contract if doing so would or would reasonably be expected to adversely affect its rights thereunder (other than those rights which are the subject of such assignment) and (B) no such New Contract or assignment or novation shall take effect prior to the Initial Closing. In connection with any entry into a New Contract, Seller and the applicable Purchaser shall use, and shall cause their respective Affiliates to use, commercially reasonable efforts to ensure that (x) Seller and each of its Affiliates (other than the Acquired Group) are released (or, if appl...
Split Contracts. In the case of a Player who signs a Major League Contract which sets forth a separate rate of pay for National Association service, the rate of pay to be utilized in calculating termination pay under the preceding Sections A, B and C shall be:
(1) The National Association rate, if the termination occurs in the off- season;
(2) The National Association rate, if the termination occurs during spring training, but on or before the 16th day prior to the start of the championship season;
(3) The Major League rate, if the termination occurs during spring training, but subsequent to the 16th day prior to the start of the championship season;
(4) The National Association rate, if the termination occurs during the season and the Player is, at the time of termination, in the National Association; and the Major League rate, if the termination occurs during the season and the Player is, at the time of termination, in the Major Leagues. In the application of this paragraph (4), a Player’s Contract may not be assigned to the National Association for the purpose of reducing the Player’s termination pay. Notwithstanding the above, a Player whose Contract is not assignable to the National Association without his consent, or a Player selected by a Major League Club in the immediately preceding Rule 5 draft, shall be entitled to receive termination pay at the Major League rate unless terminated during the championship season at a time when his Contract is under assignment to the National Association.
Split Contracts. After the point in the regular season at which a player with four or more Accrued Seasons who signed his Player Contract when he was a Restricted Free Agent has been placed on the Active List of his Club , he must for the balance of that regular season be paid his Active List salary if he is thereafter placed on the Inactive List, whether or not his Player Contract calls for a lower salary if he is placed on the Inactive List.
Split Contracts. Sale and Purchase Agreement (which includes the tax covenant at Schedule 11) and subsequent Amendment Agreement relating to the acquisition of the Posthouse Hotels between Hospitality Holdings Limited, Forte (UK) Limited, Compass Group PLC, NAS Cobalt No. 1 Limited and NAS Cobalt No. 2 Limited dated 4 April 2001. Discount Energy Purchase Contract between Combined Power (North) Limited, Combined Power (Central) Limited, Combined Power (South) Limited, Combined Power (North West) Limited, Combined Power Limited and Posthouse Hotels Limited dated 9 March 2001. Master Agreement for the Supply, Installation and Maintenance of the Ascari Guest Information System between Granada Business Technology Limited and Posthouse Hotels Limited dated 20 March 2002. Settlement Agreement between SOS Industries Limited, InterContinental Hotels Group (UK) Limited and InterContinental Hotels Limited dated 10 October 2003.
Split Contracts. A charter flight being object of a split contract or a split contract can only be cancelled with legal effect, if all Clients within the split contract agree in writing to the withdrawal or cancellation of parts of the split contract. Provided that the Clients do not notify of the withdrawal or cancellation of the split contract in a common declaration of intent, the withdrawal or cancellation shall only get legal effect after receiving the last declaration of intent of a Client. The Carrier shall only comply with the split contract in so far as all other Clients comply with their obligations arising from the split contract. Provided that one or more Clients do not properly comply with their obligations of the split contract and if the Carrier does not provide their services for this reason, the other Clients shall not be entitled to assert their claim for damages to the Carrier. The Clients shall collectively be liable for all claims which the Carrier asserts to one or more Clients from the split contract.
Split Contracts. (a) The parties agree to use their reasonable endeavours to procure that each counterparty to a Split Contract will consent to:
(i) the novation to the Purchaser (or the relevant member of the Purchaser's Group) of those parts of the Split Contract which relate to the Worldwide Business and to ICI (or the relevant member of the ICI Group) remaining as a party to those parts of the Split Contract which relate to the Excluded Business; or
(ii) enter into a new contract with effect from the Transfer Time with the Purchaser (or the relevant member of the Purchaser’s Group) in relation to that part of the Split Contract which relates to the Worldwide Business and to enter into a new contract with effect from the Transfer Time with ICI (or the relevant member of the ICI Group) in relation to that part of the Split Contract which relates to the Excluded Business.
(b) The parties shall each use their reasonable endeavours to procure such agreement from each counterparty and the Purchaser (or the relevant member of the Purchaser’s Group) agrees to provide any information or guarantee reasonably requested by a counterparty (including, if necessary, information or a guarantee from the parent company of the Purchaser’s Group) and where Back to Contents such agreement is not obtained, the parties agree that the relevant Split Contract shall be treated as a Shared Contract in accordance with Clauses 11.2 (Shared Contracts held by the Companies) and 11.3 (Shared Contracts held by the ICI Group (other than the Companies)).
Split Contracts. The Parties acknowledge and agree that the Split Contracts do not relate exclusively to BZ WBK and that the assignment or novation of the whole of such Split Contracts from AIB to the Purchaser will not be possible. Accordingly, as soon as practicable from the date of this Agreement AIB and the Purchaser shall, in good faith, use reasonable endeavours to procure that the Split Contracts are divided without cost to BZ WBK resulting from such split such that the portion of the relevant Split Contract relating to BZ WBK can be transferred to BZ WBK.
