Voluntary Exit Sample Clauses

Voluntary Exit. After early retirement offers and before any lay-off notices are issued to employees in classifications where downsizing is occurring, the Hospital on a voluntary basis may offer exit packages of two (2) weeks to a maximum of 52 weeks pay to affected employees.

Voluntary Exit. Program (VEP) - In the event that a permanent/indefinite staff reduction does occur (for any reason whatsoever), any employee(s) removed from the active payroll who has a minimum of five (5) years seniority shall receive a Voluntary Exit Allowance in accordance with the following: 1. Any and all employees so affected shall be given an opportunity to accept a voluntary exit package or retain their rights to recall in accordance with the terms defined by the Collective Agreement. An employee will only be entitled to choose one of these options. 2. Any employee who accepts a Voluntary Exit package will receive (following the completion of their last day of work) an allowance equivalent to two (2) weeks normal gross weekly earnings for each year of service plus a prorated amount of any additional year of employment to a maximum of twenty six (26) weeks normal gross weekly earnings. 3. As part of their retraining program, any employee accepting a Voluntary Exit package will, on production of receipts from an approved educational program, also be entitled to reimbursement for tuition fees (in accordance with the Company's tuition refund program) - for a period of twelve (12) months following the effective date of their layoff. 4. Upon acceptance of the allowances defined herein, the employment relationship between the employee and the Employer shall terminate.

Voluntary Exit. 20.2.1. One or more Party(ies) may, subject to compliance with the conditions set forth in this Article 20, Exit (hereinafter, the “Exiting Party”) at any time, whatever the reasons for its Exit, without any court intervention and without any compensation being due for the Exit, without prejudice to any outstanding payment obligations under the Agreement and committed payment obligations towards third parties, until the first next termination possibility towards such third party, which shall remain due unless agreed otherwise in the Exit Plan. 20.2.2. The Exiting Party shall notify the MCSC of its intention to Exit. The MCSC shall meet within two (2) weeks after the notification from the Exiting Party in order to launch the preparation of the Exit Plan of the Exiting Party according to Article 20.5.2. In particular, the MCSC shall assess the timescales within which the Exit shall occur. Except if decided otherwise by the MCSC, with the consent of the Exiting Party, or except if provided otherwise by (a) Legal Provision(s) or regulatory order, the following timescales for the effectiveness of the termination shall apply by default: i) in the event of Force Majeure, subject to Article 23.6; ii) in the event of Hardship, in case of failure to reach an agreement with regard to the modification of the Agreement according to Article 24.3, subject to three (3) months as from the notification of the Exiting Party; iii) in the event of change due to regulatory reasons, in case of failure to reach an agreement with regard to the modification of the Agreement according to Article 24.2, subject to three (3) months as from the notification of the Exiting Party; iv) in the event of a Dispute as set forth in Article 25.3 and 25.4. of the Agreement (where such Dispute is not related to Article 24.2 or Article 24.3), subject to three (3) months as from the notification of the Exiting Party; v) to the extent compatible with applicable law, in the event of bankruptcy or any other insolvency proceeding, dissolution or liquidation of such Exiting Party upon one (1) month as from the notification of the Exiting Party; vi) in the event of an order of competent regulatory, administrative or judicial authorities to end the participation of a Party to the SIDC, upon one (1) month from the notification of the Exiting Party; or vii) in all other cases, upon six (6) months as from the notification of the Exiting Party.

Voluntary Exit. 17.2.1. One or more Party(ies) may exit from this Agreement (hereinafter, the “Exiting Party”) at any time, whatever the reasons for its exit, whether legal, regulatory or any others without any court intervention and without any compensation being due for the exit, without prejudice to any outstanding payment obligations under this Agreement. 17.2.2. The Exiting Party shall notify the MCSC of its wish to exit the cooperation. The MCSC cannot refuse the Exit of the Exiting Party. The MCSC shall meet within two weeks after the notification from the Exiting Party in order to assess the Exit Plan of the Exiting Party according to Article 17.5.2. The consent of the Exiting Party shall be required with respect to the approval of the Exit Plan. In particular, the MCSC shall assess the timescales within which the Exit shall occur. Except if decided otherwise by the MCSC, with the consent of the Exiting Party, the following timescales shall apply by default: i) in the event of Force Majeure, subject to Article 24.6; ii) in the event of Hardship, in case of failure to reach an agreement with regard to the modification of the Agreement according to Article 25.3, subject to three (3) months as from the notification of the Exiting Party; iii) in the event of change due to regulatory reasons, in case of failure to reach an agreement with regard to the modification of the Agreement according to Article 25.2, subject to three iv) in the event of a Dispute as set forth in Article 26.3 & 26.4. of this Agreement, where such Dispute is not related to Article 25.2 or Article 25.3, subject to three (3) months as from the notification of the Exiting Party;

Voluntary Exit. 15.1.1. Any Party (hereinafter, the “Voluntary Exit Party”) may at any time, without cause and without any court intervention, exit the Agreement by means of a Voluntary Exit. A Voluntary Exit shall not trigger the payment of any compensation, but shall be without prejudice to: i) any pre- existing payment obligations towards or between the other Parties under the Agreement up to and including the effective date of exit by the Voluntary Exit Party; and/or ii) such already committed payment obligations towards third parties up to and including the earliest possible termination date applicable to such third party agreement, which in each case shall remain due unless agreed otherwise in the relevant Exit Plan. 15.1.2. Unless Article 13.6 applies (voluntary termination for Force Majeure), the Voluntary Exit Party shall notify the NEMO DA SC of its intention to exit the Agreement. The NEMO DA SC shall meet within two (2) weeks after any such notification to commence the preparation of the Voluntary Exit Party’s Exit Plan. In particular, the NEMO DA SC shall assess the timescales within which such exit shall occur. Except if decided otherwise by the NEMO DA SC, with the consent of the Voluntary Exit Party, or except if provided otherwise by Applicable Law or regulatory decision, the following timescales for the effectiveness of such exit shall apply by default: i) in the event of change due to regulatory reasons, in case of failure to reach an agreement with regards to the modification of the Agreement according to 18.8.3 (Amendment), subject to three (3) months as from the notification of the Voluntary Exit Party; ii) in the event of a Dispute which, pursuant to Article 17.7, is either referred to arbitration or subject to determination by arbitral proceedings, subject to three (3) months as from the notification of the Voluntary Exit Party; iii) to the extent compatible with Applicable Law, in the event of bankruptcy or any other insolvency proceeding, dissolution or liquidation of such Voluntary Exit Party, upon one (1) month as from the notification of the Voluntary Exit Party; iv) in the event of an order of a Competent Authority to end the participation of a Party to the SDAC, upon one (1) month as from the notification of the Voluntary Exit Party; or v) in all other cases, upon six (6) months as from the notification of the Voluntary Exit Party.

Voluntary Exit. 20.3.1. One or more Party(ies) may, subject to compliance with the conditions set forth in this Article 20, Exit (hereinafter, the “Exiting Party”) at any time, whatever the reasons for its Exit, without any court intervention and without any compensation being due for the Exit, without prejudice to any outstanding payment obligations under the Agreement and committed payment obligations towards third parties, until the first next termination possibility towards such third party, which shall remain due unless agreed otherwise in the Exit Plan. 20.3.2. The Exiting Party shall notify the MCSC of its intention to Exit. The MCSC shall meet within two (2) weeks after the notification from the Exiting Party in order to launch the preparation of the Exit Plan of the Exiting Party according to Article 20.6.

Voluntary Exit. 17.1 Pursuant to the Uniform Network Code, if a Customer wishes to cease to be a UNC Party, the Customer must comply with the DSC Voluntary Exit Requirements before it may do so. 17.2 The DSC Voluntary Exit Requirements are that the Customer: (a) pays in cleared funds all outstanding sums payable to the CDSP pursuant to the DSC; and (b) complies with the Withdrawal Requirements. 17.3 [To be completed.] [18] 18.1 If, and on the date that, a Customer ceases to be a UNC Party (for whatever reason), the Customer shall automatically cease to be a Party.

Voluntary Exit. If after making offers of early retirement, individual layoff notices are still required, prior to issuing those notices the Hospital will offer a voluntary early exit option in accordance with the following conditions: The Hospital will first make offers in the classifications within where layoffs would otherwise occur. If more employees than are required are interested, the Hospital will make its decision based on seniority. If insufficient employees in the department affected accept the offer, the Hospital will then extend the offer to employees in the same classification in other departments. If more employees than are required are interested, the Hospital will make its decision based on seniority. In no case will the Hospital approve an employee’s request under and above for a voluntary exit option, if the employees remaining are not qualified to perform the available work. The number of voluntary exit options the Hospital approves will not exceed the number of employees in that classification who would otherwise be laid off. The last day of employment for an employee who accepts a voluntary early exit option will be at the Hospital’s discretion and will be no earlier than thirty (30) calendar days immediately following the employee’s written acceptance of the offer. An employee who elects a voluntary early exit option shall receive, following completion of the last day of work, a separation allowance of two (2) weeks’ salary for each year of service, to a maximum of fifty-two (52) weeks’ pay.

Voluntary Exit. A party to this Agreement can give notice to leave on its own accord, so long as it informs the other parties with at lWest 2 calendar months’ notice. Any Party who is a Current Party to this Agreement and whose voluntary exit from has been approved accordingly, shall cease to be a Party to this Agreement accordingly.

Voluntary Exit. If Party B terminates the investment and development of the Project due to any reason attributable to itself and submits an application to the grantor of the Land Use Right for the termination of the Land Use Right Grant Contract and the return of the Land Plot, the grantor of the Land Use Right shall, upon the approval of the people’s government that has originally approved the plan for the grant of the Land Plot, return a part of the gxxxx xxxxx of the Land Use Right (without interest) in accordance with the following provisions, the government shall take back the Land Use Right, and compensation for any buildings and structures on the Land Plot shall be as specified in the Land Use Right Grant Contract: 1. If the application is submitted to the grantor after the construction commencement date agreed under the Land Use Right Grant Contract, but within one year of such date, the gxxxx xxxxx of the Land Use Right paid for the remaining Land Grant Period shall be refunded to the holder of the Land Use Right (Party B); 2. If the application is submitted to the grantor after one year of the construction commencement date agreed under the Land Use Right Grant Contract, but within two years of such date, the gxxxx xxxxx of the Land Use Right paid for the remaining Land Grant Period shall be refunded to the holder the Land Use Right (Party B) after an idle land fee is levied from the holder as required. If the people’s government that has originally approved the plan for the grant of the Land Plot disapproves the application, Party B shall continue with the performance of the Land Use Right Grant Contract. If Party B refuses to do so, the Land Use Right and any buildings, structures and their ancillary facilities on the Land Plot shall be taken back by the government without consideration.