Voluntary Relinquishment. THE CONTRACTOR may at any time effect partial relinquishments of the Contract Area provided that it has performed the obligations contracted by virtue of this Contract. If these voluntary relinquishments are effected during the Exploration Period they will be counted for the purposes of the mandatory relinquishment of areas.
Voluntary Relinquishment. The Executive hereby voluntarily hands over and otherwise relinquishes, and the Company accepts his relinquishment of, his position as Executive Chairman of the Company and all positions as an employee and officer of the Company and its subsidiaries (the “Company Group”), and his position as a Director on the Board and a director of any of the Company’s subsidiaries, including all committees thereof effective as of the Effective Date and without the need for any other action. The Employment Arrangement will be terminated and have no further effect on the Effective Date, except as set forth in this Agreement. The Effective Date will be the Executive’s final day of employment with the Company Group for benefit plan and all other purposes. The parties agree that the Executive’s relinquishment of his employment is not a termination of the Executive by the Company for purposes of any of the Executive’s arrangements or otherwise.
Voluntary Relinquishment. 11.2.1 Except for that provided for in 0of this Agreement, at any time during contractual performance, the Contractor can make partial relinquishment of the Allocated Area, provided that the fulfillment of the obligations, commitments and services of its responsibility is NOT affected.
Voluntary Relinquishment. THE EVALUATOR may at any time make partial relinquishments of the Technical Evaluation Area without reducing the obligations derived from this contract. Such voluntary relinquishments shall not be smaller than the 20% of the Technical Evaluation Area and shall not be made within period shorter than six (6) months, except what is provided in Clause 4 (paragraph 4.1).
Voluntary Relinquishment. At any time THE EVALUATOR may make partial relinquishment of the Technical Evaluation Area, and this shall not reduce the obligations assumed under this contract according to the Technical Evaluation Program. Such voluntary relinquishment shall not be of less than twenty percent (20%) of the Evaluation Area and cannot be done with a frequency of less than six
Voluntary Relinquishment. Contractor, on giving to Competent Body not less than ninety (90) days notice in writing may, at any time during the Exploration Licence term, voluntarily:
Voluntary Relinquishment. 3.2. The Concessionaire may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Concession Area.
Voluntary Relinquishment. Contractor may relinquish part or all of the Contract Area by giving prior written notice to CNPA if the conditions of this Agreement and the Petroleum Regulations have been met to the satisfaction of the CNPA (including the Minimum Work Obligations). Any area so relinquished will then be credited against the part of the Contract Area. if any, which Contractor is next required to relinquish under Article 5.1.
Voluntary Relinquishment. The Concessionaire may, at any time during the Exploration Phase, voluntarily relinquish areas forming part of the Concession Area. Voluntary relinquishments shall be communicated in writing. Voluntary relinquishments shall not exempt the Concessionaire from the obligation to comply with the Minimum Exploration Program. Once the Exploration Phase is completed, the Concessionaire may only keep as Concession Area the Development Area(s).
