Transition Periods. Notwithstanding Article 30, Fiji shall implement its obligations with respect to the following provisions within eight years of the date of entry into force of this Agreement:
Transition Periods. (a) For a maximum of five business days after the Effective Date, both New FRP and Outgoing FRP will have the ability via the NYISO’s Market Information System to perform all actions under the NYISO Tariffs related to the Generating Unit, including, without limitation, the following actions: • schedule and bid in the NYISO-administered markets for Energy, Ancillary Services, and Installed Capacity; • schedule any Bilateral Transactions with the NYISO; • perform any certifications required in connection with the NYISO’s Installed Capacity market and Installed Capacity obligations; and • access any information related to the foregoing and otherwise communicate with the NYISO for all purposes related to the Generating Unit. After commencement of this Agreement, this dual access will cease upon the first to occur of the following: (a) the NYISO’s receipt of written notice from New FRP to terminate Outgoing FRP’s access, and (b) 5 p.m. New York time on the fifth business day after the Effective Date.
(b) For a maximum of five business days after termination of this Agreement absent an event of default, both New FRP and Generator will have the ability via the NYISO’s Market Information System to perform all actions under the NYISO Tariffs related to the Generating Unit, including, without limitation, the following actions: • schedule and bid in the NYISO-administered markets for Energy, Ancillary Services, and Installed Capacity; • schedule any Bilateral Transactions with the NYISO; • perform any certifications required in connection with the NYISO’s Installed Capacity market and Installed Capacity obligations; and • access any information related to the foregoing and otherwise communicate with the NYISO for all purposes related to the Generating Unit. After termination of this Agreement, this dual access will cease upon the first to occur of the following: (a) the NYISO’s receipt of written notice from Generator to terminate New FRP’s access, and (b) 5 p.m. New York time on the fifth business day after the termination date.
Transition Periods. Commencing as of the Effective Date, Executive shall provide services to the Company in the status of a consultant pursuant to the terms hereof for a period extending through the date of the Company’s calendar year 2009 annual stockholders meeting (the “Initial Transition Period”). Following the end of the Initial Transition Period, Executive may continue to provide consulting services to the Company for additional six month periods as shall be mutually agreed upon by Executive and the Chief Executive Officer of the Company (each a “Subsequent Transition Period,” and together with the Initial Transition Period (the “Transition Period”). The parties expressly acknowledge that the Chief Executive Officer may determine that there will be no Subsequent Transition Periods following the Initial or any prior Subsequent Transition Period under this Agreement. Ninety (90) days following Executive’s cessation of service as a member of the Board, Executive shall cease to be subject to the Company’s xxxxxxx xxxxxxx policy.
Transition Periods. During the Transition Period Executive shall be entitled to receive the following compensation and benefits from the Company:
(i) The Company shall pay Executive a lump sum payment of $30,000 as soon as practicable following the Effective Date;
(ii) The Company shall pay Executive a monthly consulting fee of $6,250 per month, payable monthly in accordance with the Company’s standard payroll practices; and
(iii) The Company shall pay applicable premiums under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”) for Executive and those of his dependents covered immediately prior to the Effective Date under the Company’s group healthcare plan, assuming the Executive timely elects COBRA continuation coverage, for eighteen months or the duration of Executive’s applicable COBRA continuation coverage period, if shorter. Executive agrees that during the term of this Agreement, except as provided in the immediately preceding sentence he shall not be eligible for participation in any of the Company’s welfare benefit plans, and without limitation he shall not be eligible for and shall waive any right to additional vacation accruals under the Company’s vacation policy.
Transition Periods. City and Lessee jointly read the meters of all customers in the Service Area within fifteen
Transition Periods. 1. Upon any termination under Paragraph VII.C., VII.D. or VII.E. of this Agreement in its entirety or with respect to LICENSEE, any PERMITTED SUBLICENSEE or any AUTHORIZED DISTRIBUTOR (or, subject to Paragraphs VII.D. and IX.E., any successor of LICENSEE, any PERMITTED SUBLICENSEE or any AUTHORIZED DISTRIBUTOR by way of merger, consolidation, purchase of all or substantially all of the assets thereof, or change of control), LICENSEE, any such terminated PERMITTED SUBLICENSEE and any such terminated AUTHORIZED DISTRIBUTOR (or any such successor), as the case may be, shall be permitted to continue its then-current use of the LICENSED MARKS to the extent required to comply with applicable Laws for a TRANSITION PERIOD (as hereinafter defined) if LICENSEE obtains LICENSOR’S written consent (which consent shall not be unreasonably withheld) prior to the start of any proposed TRANSITION PERIOD.
2. Upon any sale, divestiture or transfer by LICENSEE or any PERMITTED SUBLICENSEE of any of its business entities, business units, or blocks of business, such business entity, business unit or block of business shall be permitted to continue its then-current use of the LICENSED MARKS to the extent required to comply with applicable Laws for a TRANSITION PERIOD if LICENSEE obtains LICENSOR’S written consent (which consent shall not be unreasonably withheld) prior to the start of any proposed TRANSITION PERIOD.
Transition Periods. 1. In the case of an exchange of information as required under Article 10(1) which effects the mutual recognition procedures in Appendices A, B and C, a Party may indicate its desire to enter into a transition period within 90 days of such exchange. If there is no such request for a transition period, the mutual recognition procedures in Appendices A, B and C shall apply 90 days after the exchange of information. If a request for a transition period is submitted, the mutual recognition procedures shall apply at the end of the period mutually decided upon by the Parties.
2. The Parties may mutually decide to conduct familiarization activities. For example, a Party may give the importing Party the opportunity to participate in evaluations of Designated Conformity Assessment Bodies and to review the Designated Conformity Assessment Body evaluation reports during the transition period for the benefit of the Designating Authorities and Designated Conformity Assessment Bodies. The transition period shall normally last a maximum of twelve months from the date of the mutual decision to begin these activities.
Transition Periods. Until the quarter ending June 30, 1997, the incentive/penalty fee adjustment for assets of the International Portfolio will be calculated according to the following transition rules:
(1). June 1, 1994 through March 31, 1995. For the quarters ending on or prior to March 31, 1995, the incentive/penalty fee adjustment will not be operable. The advisory fee payable by the Fund will be the Basic Fee, calculated as described above.
Transition Periods. For a maximum of five business days after the Effective Date, and a maximum of five business days after termination of this Agreement absent an event of default, both New Principal and LSE will have the ability via the NYISO’s Market Information System to perform all actions related to the service of load associated with the PTID, including, without limitation, the following actions: • schedule and bid in the NYISO-administered markets for Energy and Installed Capacity; • schedule any Bilateral Transactions with the NYISO; • perform any certifications required in connection with the NYISO’s Installed Capacity market and Installed Capacity obligations; and • access any information related to the foregoing and otherwise communicate with the NYISO for all purposes related to the PTID. After commencement of this Agreement, this dual access will cease upon the first to occur of the following: (a) the NYISO’s receipt of written notice from New Principal to terminate LSE’s access, and (b) 5 p.m. New York time on the fifth business day after the Effective Date. After termination of this Agreement, this dual access will cease upon the first to occur of the following: (a) the NYISO’s receipt of written notice from LSE to terminate New Principal’s access, and (b) 5 p.m. New York time on the fifth business day after the termination date.
Transition Periods. 4.1 The satisfactory completion of the steps set forth in the Phase I Procedures is not necessarily a prerequisite to initiating the steps set forth in Phase II Procedures.
4.2 After a Party has notified other Parties of its intention to initiate participation in these Phase II Procedures as specified in paragraph 9 of the Agreement, the notifying Party may indicate its desire to enter into a transition period with one or more of the other Parties or any of the other Parties may indicate their desire to enter into a transition period with the notifying Party, within ninety days of the exchange of information pursuant to paragraph 9 of the Agreement. Otherwise, these procedures will apply at the end of the ninety-day period, or other time as mutually decided by the Parties.
