Common use of Termination for Lack of Funds Clause in Contracts

Termination for Lack of Funds. As required by Colorado law (C.R.S. §24- 19- 104(1.5) (a) (II)), this Agreement may be terminated by the University if sufficient funds are not appropriated by the State legislature. In such instance, Xxxxxxx shall be entitled to payment for only those amounts earned as of the date of such termination.

Appears in 2 contracts

Samples: Employment Agreement First Amendment, Employment Agreement

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Termination for Lack of Funds. As required by Colorado law (C.R.S. §24- 24-19- 104(1.5) (a) (II)), this Agreement may be terminated by the University if sufficient funds are not appropriated by the State legislature. In such instance, Xxxxxxx shall be entitled to payment for only those amounts earned as of the date of such termination.

Appears in 1 contract

Samples: Employment Agreement

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Termination for Lack of Funds. As required by Colorado law (C.R.S. §24- 19- 104(1.5) (a) (II)), this Agreement may be terminated by the University if sufficient funds are not appropriated by the State legislature. In such instance, Xxxxxxx Sandler shall be entitled to payment for only those amounts earned as of the date of such termination.

Appears in 1 contract

Samples: Employment Agreement

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