Termination Due to Suspension Sample Clauses

Termination Due to Suspension. If a suspension by the Owner of all or a material portion of the Work exceeds sixty (60) days the General Contractor may terminate this Agreement in the manner set forth in Section 15.4 hereof.
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Termination Due to Suspension. If the General Contractor elects to suspend performance of all or a material part of the Work and the duration of such suspension exceeds sixty (60) days, the Contractor may terminate this Agreement, provided it gives the General Contractor written notice of its intent to terminate not less than thirty (30) days prior to the end of such sixty (60) day period and General Contractor fails to order a resumption of suspended Work before the sixty (60) day period expires. In such event, the Contractor shall be compensated for all Work satisfactorily performed through the date of termination, plus its reasonable costs associated with suspension of the Work and a fee equal to ten percent (10%) of such suspension costs. In the event of such termination, the General Contractor may elect to assume any or all of the obligations, commitments and unsettled claims that the Contractor has previously undertaken or incurred in good faith in connection with performance of the Contractor's obligations hereunder. The Contractor shall to the extent reasonably possible, as a condition to receiving the termination payments referred to in this Section, execute and deliver such papers and take all such steps, including the legal assignment of its contractual rights, as the General Contractor may require for the purpose of fully vesting in the General Contractor the rights and benefits of the Contractor under such obligations, commitments or claims.
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Termination Due to Suspension. 36 15.5. TERMINATION DUE TO EVENT OF FORCE MAJEURE............................................................36
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Termination Due to Suspension. If the Owner elects to suspend performance of all or a material part of the Work and the duration of such suspension exceeds sixty (60) days, the General Contractor may terminate this Agreement, at any time after it gives the Owner not less than thirty (30) days prior written notice of its intent to terminate and the Owner fails to order a resumption of suspended Work before the later of the expiration of the sixty (60) day suspension period or such thirty (30) day notice period. In such event, the General Contractor shall be compensated for all Work satisfactorily performed through the date of termination, plus its reasonable costs associated with suspension of the Work. In the event of such termination, the Owner may elect to assume any or all of the obligations, commitments and unsettled claims that the General Contractor has previously undertaken or incurred in good faith in connection with performance of the General Contractor's obligations hereunder. The General Contractor shall to the extent reasonably possible, as a condition to receiving the termination payments referred to in this Section, execute and deliver such papers and take all such steps, including the legal assignment of its contractual rights, as the Owner may require for the purpose of fully vesting in the Owner the rights and benefits of the General Contractor under such obligations, commitments or claims.
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Termination Due to Suspension. Boabee may terminate the Services if any of the causes of suspension set out in Sect. 8 is not cured within 10 (ten) days after Boabee’s initial notice thereof.
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Related to Termination Due to Suspension

  • Termination Due to a Change of Control If (A) Employer (either Northrim BanCorp, Inc. or Northrim Bank) is subjected to a Change of Control (as defined in Section 5.f.(i)), and (B) either Employer or its assigns terminates Executive’s employment without Cause (either during the annual term of this Agreement or by refusing to extend this Agreement when the annual termination occurs every December 31) or Executive terminates his employment for Good Reason within 730 days of such Change of Control, then Employer shall pay Executive (i) all Base Salary earned and all reimbursable expenses incurred under this Agreement through such termination date; (ii) an amount equal to one (1) times Executive’s highest Base Salary over the prior three (3) years; and (iii) benefits described in Sections 5.b.(I) and (II) below. The amounts described in Section 5.a.(i) and (ii) herein shall be paid no later than forty-five (45) days after the day on which employment is terminated. No payment will be made pursuant to Section 5.a.(ii) unless the Executive has signed an agreement, in a form acceptable to Employer, that releases and holds Employer harmless from all known and unknown claims and liabilities arising out of Executive’s employment with Employer or the performance of this Agreement (“Release Agreement”) and the Release Agreement has become irrevocable prior to the payment date.

  • Termination Due to Change of Control A “Termination Due to Change of Control” shall occur if within the 24 month period beginning with the date a Change of Control occurs (i) the Executive’s employment with the Corporation is involuntarily terminated (other than by reason of death, disability or Cause) or (ii) the Executive’s employment with the Corporation is voluntarily terminated by the Executive subsequent to (A) any reduction in the total of the Executive’s annual base salary (exclusive of fringe benefits) and the Executive’s target bonus in comparison with the Executive’s annual base salary and target bonus immediately prior to the date the Change of Control occurs, (B) a significant diminution in the responsibilities or authority of the Executive in comparison with the Executive’s responsibility and authority immediately prior to the date the Change of Control occurs or (C) the imposition of a requirement by the Corporation that the Executive relocate to a principal work location more than 50 miles from the Executive’s principal work location immediately prior to the date the Change of Control occurs.

  • Termination Due to Death In the event that the Executive’s employment is terminated due to his death, his estate or his beneficiaries, as the case may be, shall be entitled to the following benefits:

  • Termination Due to Retirement Subject to Section 7 below, in the event of Termination due to Retirement, then (regardless of any subsequent death of the Employee) the Option will continue to vest pursuant to Section 3, and the last date on which the Option may be exercised is the day prior to the Expiration Date.

  • Termination Due to Change in Control If the Company terminates Executive's employment without Cause (and for reasons other than death or Disability) in conjunction with a Change in Control (as defined below), Executive shall be entitled to receive all accrued but unpaid salary and benefits through the date of termination plus the Change in Control Benefit (as defined below).

  • Termination Due to Death or Disability Executive’s employment shall terminate automatically upon Executive’s death. The Company may terminate Executive’s employment immediately upon the occurrence of a Disability, such termination to be effective upon Executive’s receipt of written notice of such termination. Upon Executive’s death or in the event that Executive’s employment is terminated due to Executive’s Disability, Executive or Executive’s estate or Executive’s beneficiaries, as the case may be, shall be entitled to:

  • Termination Due to Disability If the Optionee’s employment terminates by reason of the Optionee’s disability (as determined by the Administrator), any portion of this Stock Option outstanding on such date shall become fully exercisable and may thereafter be exercised by the Optionee for a period of 12 months from the date of termination or until the Expiration Date, if earlier.

  • Termination Due to Disability or Death This Agreement shall terminate automatically upon the appointee’s death. If the appointee is unable to perform his/her essential job functions with or without reasonable accommodation, the University or appointee may terminate this Agreement.

  • Termination Without Just Cause In the case of a termination of Executive’s employment hereunder Without Just Cause in accordance with Section 1.6.6, Executive shall be entitled to the following in lieu of any other compensation or benefits (under Section 1.4 of this Agreement or otherwise) from Employer:

  • Termination Due to Death or Permanent Disability If the Employment Period shall be terminated due to death or Permanent Disability of the Executive, the Executive (or his estate or legal representative) shall be entitled solely to the following: (a) Base Salary through the Date of Termination (paid on the Companies’ normal payroll date), and (b) medical benefits as provided in Section 5.05 below. The Executive’s entitlements under any other benefit plan or program shall be as determined thereunder. In addition, promptly following any such termination, the Executive (or his estate or legal representative) shall be reimbursed for all Reimbursable Expenses incurred by the Executive prior to such termination in accordance with Section 4.04 and Section 13.14 herein.

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