Sunset Provisions a.) These guidelines and criteria are effective upon the date of their adoption and will remain in force for two years, at which time all reinvestment zones and tax abatement contracts created pursuant to its provisions will be reviewed by the County to determine whether the goals have been achieved. Based on that review, the guidelines and criteria will be modified, renewed or eliminated.
b.) This policy applies only to the tax abatement under the provisions of Chapter 312. Property Redevelopment and Tax Abatement Act, Texas Tax Code.
Sunset Provisions. (a) On the date on which Lonstein ceases to hold at least 50% oF the shares of Common Stock (calculated assuming the exercise of all vested in-the-money stock options) held by Lonstein on the date hereof, then the number of persons whom Lonstein shall have the right to designate to serve as directors of the Company under Section 3.1(a)(i) shall be reduced to one. On the date on which Lonstein ceases to hold at least 25% of the shares of Common Stock (calculated assuming the exercise of all vested in-the-money stock options) held by Lonstein on the date hereof, Lonstein's right to designate Persons to serve as directors of the Company under Section 3.1(a)(i) and 3.1(a)(iv) shall terminate as of such date.
(b) Upon the date on which DB Capital ceases to hold at least 25% of the shares of Common Stock (calculated assuming the conversion of the Series A Preferred Stock and the exercise of the Warrants) held by DB Capital on the date hereof, then DB Capital's right to designate Persons to serve as directors of the Company under Section 3.1(a)(ii) and 3.1(a)(iv) and DB Capital's right to approve the actions specified under Section 4.1 shall terminate as of such date.
(c) Upon the date on which the Sandler Entities ceases to hold at least 25% of the shares of Common Stock (calculated assuming the conversion of the Series A Preferred Stock and the exercise of the Warrants) held by the Sandler Entities on the date hereof, then the Sandler Entities' right to designate Persons to serve as directors of the Company under Section 3.1(a)(iii) and 3.1(a)(iv) and the Sandler Entities' right to approve the actions under Section 4.1 shall terminate as of such date.
Sunset Provisions. Promptly after any Lender or any Issuing Bank has determined that it will make a request for increased compensation pursuant to Sections 12.5, such Lender or Issuing Bank shall notify the Administrative Borrower and the Agent thereof. Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Borrowers shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such Lender or Issuing Bank, as applicable, notifies the Administrative Borrower and the Agent of the change giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided, further, that, if the change giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof.
Sunset Provisions. Plan amendments made to comply with the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”), including, without limitation, amendments made to the contribution limits and rollover rules, are subject to the sunset provisions of EGTRRA Section 901. Under the sunset provision, the provisions of EGTRRA shall not apply to taxable or Plan Years beginning after December 31, 2010, pursuant to Section 901 of EGTRRA. With respect to taxable and Plan Years beginning after December 31, 2010, the Code shall be applied and administered as if EGTRRA had never been enacted. In such cases, the terms and conditions of the Plan shall revert to those terms and conditions that would have been in effect had the Plan not been amended as of January 1, 2002.
Sunset Provisions. 11 SECTION 5.11 Publicity...............................................12 SECTION 5.12
Sunset Provisions. The parties agree that no employee shall be disadvantaged by the introduction of the new Competency base classification structure. As such, employees with historically enhanced pay rates outside of the new classification structure shall continue to receive the current rate of pay and additional enterprise wage increments as they become due until such time as they cease employment with the Company.
Sunset Provisions. The Parties acknowledge that the utility and roles of the Committees may evolve over the course of the term of this Agreement and that it is appropriate that such evolution be addressed by modifications to the role and operation of the Committees contemplated by Sections 4.1 through 4.5. For such purpose, either Party may, at * Confidential treatment requested; certain information omitted and filed separately with the SEC. any time, propose by notice to the other Party that some or all of the operations of any Committee be terminated or modified or the frequency of its meetings be curtailed. Upon the giving of any such notice, the Parties shall discuss and act upon it in good faith and shall, in respect thereof, make such amendment to this Article 4, in accordance with the provisions of Section 14.9, as may be necessary to reflect their agreement.
Sunset Provisions. If elected here [ ], this form of benefit will only apply to account balances on or before __________________ (insert effective date).
Sunset Provisions. If elected here [ ], this form of benefit will only apply to account balances on or before ____________ (insert effective date). [ ] D. Any form of payment satisfying the distribution requirements of Code Section 401(a)(9) and the regulations thereunder. [ ] E. Other:________________________________________________________________ ______________________________________________________________________ (This election may be used to select a date or objective criteria necessary to preserve an optional form of benefit under Code Section 411(d)(6). Select a form of benefit payment that precludes the Plan Administrator's or Employer's exercise of discretion as prohibited under ss. 1.411(d)-4 of the Income Tax Regulations.)
Sunset Provisions. Section two (2) through nine (9) sunsets upon completion of the Centralized Payment System or by January 1, 2014 at which point Article 7 shall apply.
