Common use of Term; Termination; Amendment Clause in Contracts

Term; Termination; Amendment. (a) Unless sooner terminated, this Agreement will continue for one year following the date of its adoption as provided in Section 15, and thereafter will continue automatically for successive annual periods provided such continuance is specifically approved at least annually by the Fund in the manner described in Section 15 hereof. This Agreement is terminable, without penalty, at any time by the Fund with respect to any Index Series (which termination may be by a vote of a majority of the Disinterested Directors as defined in Section 15 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 Xxx) xx such Index Series) or by you upon 60 days' notice in writing to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 Xxx) xx upon the termination of the Distribution Agreement or Rule 12b-1 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties hereto. (b) In the event that the Board of Directors of the Fund establishes any series of WEBS listed and traded on the AMEX or any other national securities exchange in addition to the Index Series then subject to this Agreement, adopts a 12b-1 Plan with respect to such additional series and approves this Agreement with respect to such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional Series" hereunder effective immediately upon such adoption and approval.

Appears in 2 contracts

Samples: Sales and Investor Services Agreement (Webs Index Fund Inc), Sales and Investor Services Agreement (Webs Index Fund Inc)

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Term; Termination; Amendment. (a) Unless sooner terminatedthis Agreement is terminated in accordance with Section 5.1(b) below, this Agreement will continue extend for a term (the “Term”) commencing on the Effective Date and ending on December 31, 2019 (the “Initial Expiration Date”). If this Agreement is not previously terminated, the Term shall automatically renew for one (1) additional year beginning on the day following the date Initial Expiration Date and on each subsequent anniversary thereof (each, a “Renewal Date”), unless the Company elects not to extend the Term by providing Individual with written notice (a “Non-Renewal Notice”) of its adoption as provided such election not less than thirty (30) days prior to the last day of the then-current Term (each of the Initial Expiration Date and the last day of any then-current extended Term, the “Expiration Date”). If the Company provides a Non-Renewal Notice to Individual in Section 15accordance with the preceding sentence, and thereafter will continue automatically in no event shall Individual be terminated for successive annual periods provided such continuance is specifically approved at least annually a reason other than Cause by the Fund in Company during the manner described in Section 15 hereof. This Agreement is terminable, without penalty, at any time by the Fund with respect to any Index Series ninety (which termination may be by a vote of a majority 90) day period that commences as of the Disinterested Directors as defined in Section 15 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 Xxx) xx such Index Series) or by you upon 60 days' notice in writing to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 Xxx) xx upon the termination of the Distribution Agreement or Rule 12b-1 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties heretoExpiration Date. (b) In If this Agreement is not previously terminated, this Agreement shall terminate upon the event that the Board termination of Directors Individual’s employment; provided that, all obligations and liabilities of the Fund establishes any series parties hereto arising in connection with such termination of WEBS listed employment or otherwise accruing under this Agreement shall survive such termination. (c) The Company shall have the right to amend this Agreement without Individual’s consent, which amendment shall be evidenced in writing and traded on be effective as of the AMEX or any other national securities exchange in addition relevant Renewal Date; provided that, (i) Individual is provided with written notice of the Company’s election to amend the Index Series then subject to this Agreement, adopts a 12b-1 Plan with respect Agreement at least thirty (30) days prior to such additional series Renewal Date, and approves this Agreement with respect to (ii) no such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional Series" hereunder effective immediately upon such adoption and approvalamendment adversely affects Individual.

Appears in 2 contracts

Samples: Severance Agreement (EnLink Midstream Partners, LP), Severance Agreement (EnLink Midstream, LLC)

Term; Termination; Amendment. (a) Unless sooner terminated, this Agreement will continue for one year following the date of its adoption as provided in Section 1516, and thereafter will continue automatically for successive annual periods provided such continuance is specifically approved at least annually by the Fund in the manner described in Section 15 16 hereof. This Agreement is terminable, without penalty, at any time by the Fund with respect to any Index Series (which termination may be by a vote of a majority of the Disinterested Directors as defined in Section 15 16 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 0000 Xxx) xx of such Index Series) or by you upon 60 days' notice in writing to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 0000 Xxx) xx or upon the termination of the Distribution Agreement or Rule 12b-1 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties hereto. (b) In the event that the Board of Directors of the Fund establishes any series of WEBS listed and traded on the AMEX or any other national securities exchange in addition to the Index Series then subject to this Agreement, adopts a 12b-1 Plan with respect to such additional series and approves this Agreement with respect to such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional Series" hereunder effective immediately upon such adoption and approval.

Appears in 2 contracts

Samples: Sales and Investor Services Agreement (Foreign Fund Inc), Sales and Investor Services Agreement (Foreign Fund Inc)

Term; Termination; Amendment. (a) Unless sooner terminated, this Agreement will continue for one year following the date of its adoption as provided in Section 15, and thereafter will continue automatically for successive annual periods provided such continuance is specifically approved at least annually by the Fund in the manner described in Section 15 hereof. This Agreement is terminable, without penalty, at any time by the Fund with respect to any WEBS Index Series (which termination may be by a vote of a majority of the Disinterested Directors as defined in Section 15 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 Xxx) xx such WEBS Index Series) or by you upon 60 days' notice in writing to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 Xxx) xx upon the termination of the Distribution Agreement or Rule 12b-1 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties hereto. (b) In the event that the Board of Directors of the Fund establishes any series of WEBS listed and traded on the AMEX or any other national securities exchange in addition to the WEBS Index Series then subject to this Agreement, adopts a 12b-1 Plan with respect to such additional series and approves this Agreement with respect to such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional Series" hereunder effective immediately upon such adoption and approval.

Appears in 1 contract

Samples: Sales and Investor Services Agreement (Webs Index Fund Inc)

Term; Termination; Amendment. (a) Unless sooner terminated, this Agreement will continue for one year following the date of its adoption as provided in Section 15, and thereafter will continue automatically for successive annual periods provided such continuance is specifically approved at least annually by the Fund in the manner described in Section 15 hereof. This Agreement is terminable, without penalty, at any time by the Fund with respect to any WEBS Index Series (which termination may be by a vote of a majority of the Disinterested Directors as defined in Section 15 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 XxxAct) xx of such WEBS Index Series) or by you upon 60 days' notice in writing ix xxxxxxg to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 XxxAct) xx or upon the termination of the Distribution Agreement or Rule 12b-1 Ruxx 00x-0 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties hereto. (b) In the event that the Board of Directors of the Fund establishes any series of WEBS listed and traded on the AMEX or any other national securities exchange in addition to the WEBS Index Series then subject to this Agreement, adopts a 12b-1 Plan with respect to such additional series and approves this Agreement with respect to such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional Series" hereunder effective immediately upon such adoption and approval.

Appears in 1 contract

Samples: Sales and Investor Services Agreement (Webs Index Fund Inc)

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Term; Termination; Amendment. (a) Unless sooner terminated, this Agreement will continue for one year following the date of its adoption as provided in Section 15adoption, and thereafter will continue automatically for successive annual periods provided such continuance is specifically approved at least annually by the Fund in the manner described in Section 15 hereofperiods. This Agreement is terminable, without penalty, at any time by the Distributor or the Fund with respect to any iShares MSCI Index Series (which termination may be by a vote of a majority of the Disinterested Directors as defined in Section 15 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 Xxx) xx such Index Series) Fund or by you upon 60 days' notice in writing to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 0000 Xxx) xx or upon the termination of the Distribution Agreement or Rule 12b-1 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement Agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties hereto. (b) In the event that the Board of Directors of the Fund establishes any series of WEBS iShares of the Fund listed and traded on the AMEX or any other national securities exchange in addition to the iShares MSCI Index Series Fund then subject to this Agreement, adopts a 12b-1 Plan with respect to such additional series and approves this Agreement with respect to such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional SeriesFund" hereunder effective immediately upon such adoption and approval.

Appears in 1 contract

Samples: Sales and Investor Services Agreement (Ishares Inc)

Term; Termination; Amendment. (a) Unless sooner terminatedthis Agreement is terminated in accordance with Section 5.1(b) below, this Agreement will continue extend for a term (the “Term”) commencing on the Effective Date and ending on December 31, 20__ (the “Initial Expiration Date”). If this Agreement is not previously terminated, the Term shall automatically renew for one (1) additional year beginning on the day following the date Initial Expiration Date and on each subsequent anniversary thereof (each, a “Renewal Date”), unless the Company elects not to extend the Term by providing Individual with written notice (a “Non-Renewal Notice”) of its adoption as provided such election not less than thirty (30) days prior to the last day of the then-current Term (each of the Initial Expiration Date and the last day of any then-current extended Term, the “Expiration Date”). If the Company provides a Non-Renewal Notice to Individual in Section 15accordance with the preceding sentence, and thereafter will continue automatically in no event shall Individual be terminated for successive annual periods provided such continuance is specifically approved at least annually a reason other than Cause by the Fund in Company during the manner described in Section 15 hereof. This Agreement is terminable, without penalty, at any time by the Fund with respect to any Index Series ninety (which termination may be by a vote of a majority 90) day period that commences as of the Disinterested Directors as defined in Section 15 hereof or by vote of the holders of a majority of the voting securities (as such term is defined in the 1940 Xxx) xx such Index Series) or by you upon 60 days' notice in writing to the other party hereto. This Agreement will also terminate automatically in the event of its assignment (within the meaning of the 1940 Xxx) xx upon the termination of the Distribution Agreement or Rule 12b-1 Plan between the Fund and us. The Distributor, with the prior written consent of the Fund, may amend this agreement by mailing a copy of the amendment to the Soliciting Dealer, which amendment will become part of this Agreement if the Soliciting Dealer does not object in writing within 10 business days after its receipt. This Agreement may also be amended in writing by the parties heretoExpiration Date. (b) In If this Agreement is not previously terminated, this Agreement shall terminate upon the event that the Board termination of Directors Individual’s employment; provided that, all obligations and liabilities of the Fund establishes any series parties hereto arising in connection with such termination of WEBS listed employment or otherwise accruing under this Agreement shall survive such termination. (c) The Company shall have the right to amend this Agreement without Individual’s consent, which amendment shall be evidenced in writing and traded on be effective as of the AMEX or any other national securities exchange in addition relevant Renewal Date; provided that, (i) Individual is provided with written notice of the Company’s election to amend the Index Series then subject to this Agreement, adopts a 12b-1 Plan with respect Agreement at least thirty (30) days prior to such additional series Renewal Date, and approves this Agreement with respect to (ii) no such additional series in accordance with Rule 12b-1, such additional series shall be made subject to this Agreement and shall become an "Additional Series" hereunder effective immediately upon such adoption and approvalamendment adversely affects Individual.

Appears in 1 contract

Samples: Severance Agreement (EnLink Midstream, LLC)

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