Terms of Termination. Essentrics has the right to terminate this Agreement at any time, with or without cause. In the event that the Facility has not abided by the terms described herein, Essentrics reserves the right to terminate this Agreement and require that the Facility cease offering Essentrics live virtual classes. Any amendment to this Agreement will be made in writing and will be communicated to the Facility. The Facility must agree to the terms herein and abide by them if they wish to continue offering Essentrics live virtual classes. If the Facility does not agree to these terms, the Essentrics Instructor must immediately cease teaching Essentrics live virtual classes at the Facility
Terms of Termination. 4.1. Seller and Telegate mutually agree to extinguish the Prior Agreements referred to above. Agreements in accordance with paragraph 1.5 and other terms of the Supply Agreement.
Terms of Termination. OF THE AGREEMENT
Terms of Termination. The Agreement may be terminated as follows: Either party can terminate the agreement by giving ‘9 Weeks’ written notice. If the client terminates the agreement then the same shall be liable to pay 9 Weeks billing at the time of termination. In case where Minimum Billing Period is applicable: Firm can’t terminate agreement before minimum billing period. In case if a firm opts to terminate the agreement before the minimum billing period then firm shall be liable to pay compensation for 9 Weeks of notice period or “Balance Billing Period” (i.e remaining part of minimum billing period which is unpaid. i.e Balance Billing Period = (Minimum Billing Period – Billing period paid))whichever is ending later. For the purpose of this agreement, the billing period for the respective Hiring Options shall start from the day of assignment of the Remote Staff.
Terms of Termination. This Agreement shall be in force for a period of two years from the date herein above mentioned and may be extended for similar period upon such terms and conditions agreed by both the parties.
10.1 If the “TDB” continues to receive the facility provided by _ Bank for forty-five (45) days after the expiry of term of this agreement, then this agreement shall be deemed to be renewed on same terms and conditions for a similar tenure.
10.2 TDB may terminate the agreement by giving 30 days’ notice in writing to the bank.
10.3 The charges as specified in Annexure-II may be reviewed every year or at any time to comply with any RBI mandate /mutual consent from time to time.
Terms of Termination a. The Employers shall promptly pay to the Executive all unpaid Base Salary, as defined in Section 3 of the Executive Employment Agreement, and provide the Executive with all benefits and expense reimbursements to which the Executive is entitled, through and including the date of termination.
b. The Employers shall pay to the Executive the sum of $40,833.33 every one-half month for a term from the date of termination until the first to occur of (i) the receipt by the Executive of twenty-four (24) such payments or (ii) until such time as the Executive commences employment on a full time or substantially full time basis with another employer; provided, however, that in no event shall the Executive receive fewer than twelve (12) such payments. The Employers may cause these payments to be made to the Executive through the normal SFC payroll system.
c. The Employers shall continue health and life insurance benefits for the Executive and his family for a period of 12 months after the date of termination, provided, however, that such benefits may be terminated on 30 days written notice to the Executive once the Executive and his family are eligible to receive generally comparable benefits from another source.
d. With respect to the subordinated debentures and common stock of SFAC purchased by the Executive while he was employed by the Employers, the Parties agree as follows:
(i) that certain Limited Recourse Secured Promissory Note dated as of June 15, 1995 in the principal amount of $290,681.28 (the "Note") is deemed to be in default;
(ii) pursuant to the Note and the related Pledge Agreement, the Executive is delivering to SFAC certain pledged security which consists of (x) Discount Debentures in the principal amount of $280,734.65 with a current accreted value of $172,034.04, and (y) 163,268 shares of common stock with a value of $118,647.24 if valued at Founder's Cost of .726703211 per share; (iii)the Note shall be marked "CANCELED" and returned to the Executive; and
(iv) the remaining 331,574 shares of common stock of SFAC outstanding in the name of the Executive shall be deemed to be fully vested and shall be returned to the possession of the Executive.
e. The Employers and the Executive acknowledge that that certain Non-Qualified Stock Option Agreement dated February 1, 1994, that certain Non-Qualified Stock Option Agreement dated as of February 1, 1995, that certain Performance Stock Option Agreement dated February 1, 1994 and that certain Performance Sto...
Terms of Termination a. Upon the Resignation Date, the Employers shall promptly pay to the Executive all unpaid Base Salary, as defined in Section 3 of the Executive Employment Agreement, and provide the Executive with all benefits and expense reimbursements to which the Executive is entitled, through and including the Resignation Date.
b. Commencing on the Resignation Date, the Employers shall pay to the Executive the sum of $30,260.42 every one-half month for a term from the date of termination until the first to occur of (i) the receipt by the Executive of twenty-four (24) such payments or (ii) until such time as the Executive commences employment on a full time or substantially full time basis with another employer; provided, however, that in no event shall the Executive receive fewer than eight (8) such payments. The Employers may cause these payments to be made to the Executive through the normal SFC payroll system.
c. The Employers shall continue health and life insurance benefits for the Executive and his family for a period of 12 months after the Resignation Date, provided, however, that such benefits may be terminated on 30 days written notice to the Executive once the Executive and his family are eligible to receive generally comparable benefits from another source.
d. With respect to the subordinated debentures and common stock of SFAC purchased by the Executive while he was employed by the Employers, the Parties agree as follows:
(i) as of the date of this Agreement, that certain Limited Recourse Secured Promissory Note dated as of June 15, 1995 in the principal amount of $290,681.28 (the "Note") is deemed to be in default;
(ii) pursuant to the Note and the related Pledge Agreement, the Executive is delivering to SFAC as of the date of this Agreement certain pledged security which consists of (x) Discount Debentures in the principal amount of $245,635.97 with a current accreted value of $151,711.96, and (y) 191,233 shares of common stock with a value of $138,969.32 if valued at Founder's Cost of .726703211 per share; (iii)the Note shall be marked "CANCELLED" and returned to the Executive; and
(iv) the remaining 298,157 shares of common stock of SFAC outstanding in the name of the Executive shall be deemed to be fully vested and shall be returned to the possession of the Executive.
e. The Employers and the Executive acknowledge that, effective as of the Resignation Date, that certain Non-Qualified Stock Option Agreement dated as of February 1, 1995 and that certain...
Terms of Termination. Each of the Merger Parties shall bear its own expenses with respect to the Merger Agreement, the transactions contemplated thereby and this Agreement. The foregoing notwithstanding and subject to Section 5(b) of Article B of this Agreement, First Union shall indemnify and hold harmless each of the Gotham Merger Parties and the Gotham Funds and any of their respective affiliates in connection with any and all claims, causes of action, litigation, judgments, fines, application for plaintiffs' fees, expenses (including attorneys' fees incurred from and after the date hereof), penalties, liability or damages of every kind and description, whether known or unknown, incurred by such Gotham Merger Party, Gotham Fund or any of their respective affiliates in connection with a Proceeding; PROVIDED, HOWEVER, that such indemnification shall not apply to any fees or expenses (including attorneys' fees) incurred by any Gotham Merger Party or Gotham Fund prior to the date hereof. The term "Proceeding" shall include any known or unknown, future, threatened, pending or completed action, suit, arbitration, alternate dispute resolution mechanism, investigation, inquiry, administrative hearing or any other actual, future, threatened, pending or completed proceeding, whether brought in the right of First Union or otherwise and whether of a civil (including intentional or unintentional tort claims), criminal, administrative or investigative nature, brought by any holder of First Union securities (including Company Common Shares, Company Preferred Shares or Company Debt) in connection with the Merger Agreement and the transactions contemplated thereby and this Agreement and the transactions contemplated hereby, and shall include, but shall not be limited to: (i) KIMELDORF V. FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS et al. (Supreme Court of New York, County of New York) (Index No. 107176/02) (hereinafter referred to as KIMELDORF); (ii) FINK V. FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS et al. (Supreme Court of New York, County of New York) (Index No. 03600265); (iii) K-A & COMPANY, LTD. V. FIRST UNION REAL ESTATE EQUITY AND MORTGAGE INVESTMENTS et al. (United States District Court, Northern District of Ohio, Eastern Division) (Case No.
Terms of Termination. The Agreement may be terminated as follows: Either party can terminate the agreement by giving ‘60 days’ written notice. If the client terminates the agreement then the same shall be liable to pay 60 days billing at the time of termination (Client’s last weekly billing shall be considered for this 60 days billing at the time of termination). If the client wants, work will continue during this 60-day notice period. Either party can terminate the agreement in case of violation of terms of agreement. Parties have to give written notice of the said violation, and if the same violation is not corrected within 30 days of receipt of the notice either party may choose to terminate the agreement. In consideration for the Services we perform, Fees shall be charged based on Hiring Option and number of hours/week or number of hours used (in case of On- Demand option) as you have chosen, multiplied by the Hourly Rate as agreed in this agreement and mentioned on the Sign-up Form submitted by you online and updated from time to time and agreed in writing. If remote staff is assigned in the middle of a week or a month, then first billing shall be done on pro-rata basis. You shall pay minimum fees weekly for the number of hours/week for which remote staff is assigned as agreed in this agreement and mentioned on the sign-up form filled by you online and updated from time to time and agreed in writing. Payment shall be made even if you are not able to allocate the work fully or partially or for any other reason. However, fees shall be adjusted proportionately if remote staff is not available, absent, on leave, or unable to work during the week. Non availability/absence of remote staff on a particular day/days for any reason shall not be considered a violation of this agreement. We shall always try and inform you in advance about non availability or absence unless it’s an emergency or medical situation. Along with the fees set forth above, we will be entitled to reimbursement of our reasonable expenses incurred in connection with the Statement of Work for travel-related expenses and such other items as the parties may agree upon in writing. We will document expenses with receipts or other reasonable written evidence. If you object to any portion of the xxxx, you shall notify us in writing within seven days of receiving the xxxx. You shall identify in writing the specific cause of the disagreement and the amount in dispute and shall pay that portion of the invoice not in dispu...
Terms of Termination. 1. Either Party may terminate this Agreement before its expiration by giving to the other Party six (6) months prior written notice of its decision to terminate.
2. The Agreement shall remain in force after termination for a period not exceeding twelve (12) months to permit the orderly conclusion of activities, the termination and withdrawal of personnel, the return of unused funds and property, the settlement of any contractual liabilities and of accounts between the Parties. No less than eighteen (18) months before the expiry date of this Agreement, the Parties shall conduct a joint evaluation of the arrangement set forth herein for the purpose of determining the desirability of extending the Agreement beyond its duration. The Parties shall endeavor to make such determination at least one year before the expiry of the Agreement.
