Withdrawal of Grant Sample Clauses

Withdrawal of Grant. If the grant authorizing the ZONE SITE to GRANTEE shall be revoked or canceled without fault of GRANTEE, this Agreement shall terminate and OPERATOR shall have no claim against GRANTEE by reason of such revocation or cancellations, and OPERATOR shall have no further interest in the subject matter of this Agreement.
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Withdrawal of Grant. If the grant of authority for FTZ No. 94 shall be revoked or cancelled and as a result thereof GRANTEE permanently is without authority to maintain FTZ No. 94, this Agreement shall terminate and COMPANY shall have no claim against the GRANTEE by reason of such revocation or cancellation, and COMPANY shall have no further interest in the subject matter of this Agreement. Should GRANTEE be prevented from continuing the maintenance of FTZ No. 94 by statute, legal regulation or order of any court, GRANTEE may terminate this Agreement by written notice to COMPANY. COMPANY shall have standing to institute appropriate legal or administrative proceedings to contest the validity or applicability of said statue, legal regulation, or court order, or to file an appeal from said court order, and should said legal or administrative proceedings or appeal result in a decision by a court or administrative body of competent jurisdiction that GRANTEE is not prevented from continuing the operation of FTZ No. 94 by virtue of said statute, legal regulation, or court order, then this Agreement shall be reinstated in full force and effect and GRANTEE and COMPANY shall be restored to their former positions hereunder as if said termination had never taken place.
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Withdrawal of Grant. If the grant of authority for the Butte - Silver Bow Foreign-Trade Zone, FTZ # 190 shall be revoked or canceled and as a result thereof the Port is without permanent authority to maintain the Zone Facility, the Port agrees to notify the Zone Operator of its loss or proposed loss of such authority in a timely fashion after it becomes known to the Port, in order that the Zone Operator may have an opportunity to transfer the grant of authority for the Zone Facility to another grantee organization. Upon such transfer, or if there is no transfer, upon the revocation or cancellation of the Butte - Silver Bow Foreign- Trade Zone, FTZ # 190, this Agreement shall terminate and the Zone Operator shall have no claim against the Port by reason of such revocation or cancellation, and the Zone Operator shall have no further interest in the subject matter of this Agreement. Should the Port be prevented from continuing the maintenance of the Zone Facility by statute, legal regulation or order of any court, the Port may terminate this Agreement by written notice to the Zone Operator. The Zone Operator shall have standing to institute appropriate legal or administrative proceedings to contest the validity or applicability of said statute, legal regulation or court order, or to file an appeal from said court order, and should said legal or administrative proceedings or appeal result in a decision by a court or administrative body of competent jurisdiction that the Port is not prevented from continuing the operation of a foreign-trade zone at the Zone Facility by virtue of said statute, legal regulation or court order, then this Agreement shall be reinstated in full force and effect and Port and Zone Operator shall be restored to their former positions hereunder as if said termination had never taken place. It is understood that the Port may sponsor other foreign-trade zone or sub-zone operations in the State of Montana now or in the future.
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Related to Withdrawal of Grant

  • NOTICE OF GRANT Polycom, Inc. (the “Company”) hereby grants you, [Name] (the “Employee”), an award of Performance Shares under the Company’s 2004 Equity Incentive Plan (the “Plan”). The date of this Performance Share Agreement (the “Agreement”) is [DATE] (the “Grant Date”). Subject to the provisions of Appendix A (attached), Appendix B (attached) and of the Plan, the principal features of this award are as follows: Target Number of Performance Shares: [ ] Performance Period: [INSERT PERFORMANCE PERIOD] Performance Matrix: The number of Performance Shares in which you may vest in accordance with the Vesting Schedule will depend upon achievement of [INSERT DESCRIPTION OF PERFORMANCE GOALS] and will be determined in accordance with the Performance Matrix, attached hereto as Appendix B. Vesting Schedule: [INSERT DESCRIPTION OF VESTING SCHEDULE]* IMPORTANT: * Except as otherwise provided in Appendix A, Employee will not vest in the Performance Shares unless he or she is employed by the Company or one of its Subsidiaries through the applicable vesting date. Your signature below indicates your agreement and understanding that this award is subject to all of the terms and conditions contained in Appendix A, Appendix B and the Plan. For example, important additional information on vesting and forfeiture of the Performance Shares is contained in paragraphs 3 through 5 and paragraph 7 of Appendix A. PLEASE BE SURE TO READ ALL OF APPENDIX A, WHICH CONTAINS THE SPECIFIC TERMS AND CONDITIONS OF THIS AGREEMENT. POLYCOM, INC. EMPLOYEE [NAME] [NAME] [TITLE] Date: , 200 Date: , 000 XXXXXXXX A

  • Confirmation of Grant The Company hereby evidences and confirms, effective as of the date hereof, its grant to the Associate of Options to purchase the number of shares of Company Common Stock specified on the signature page hereof. The Options are not intended to be Incentive Stock Options. This Agreement is entered into pursuant to, and the terms of the Options are subject to, the terms of the Plan. If there is any inconsistency between this Agreement and the terms of the Plan, the terms of the Plan shall govern.

  • GRANT NOTICE “Grant Notice” shall mean the Grant Notice referred to in Section 1.1 of this Agreement, which Grant Notice is for all purposes a part of the Agreement.

  • Nature of Grant In accepting the grant, the Participant acknowledges, understands and agrees that:

  • Award Agreement Each Option shall be evidenced by an Award Agreement that shall specify the Exercise Price, the expiration date of the Option, the number of Shares to which the Option pertains, any conditions to exercise of the Option, and such other terms and conditions as the Committee, in its discretion, shall determine. The Award Agreement shall specify whether the Option is intended to be an Incentive Stock Option or a Non-qualified Stock Option.

  • Exercise Schedule This Option shall vest and become exercisable as to the number of Shares and on the dates specified in the exercise schedule at the beginning of this Agreement. The exercise schedule shall be cumulative; thus, to the extent this Option has not already been exercised and has not expired, terminated or been cancelled, the Optionee or the person otherwise entitled to exercise this Option as provided herein may at any time, and from time to time, purchase all or any portion of the Shares then purchasable under the exercise schedule. This Option may also be exercised in full (notwithstanding the exercise schedule) under the circumstances described in Section 8 of this Agreement if it has not expired prior thereto.

  • Option Grant You have been granted a Non-Statutory Stock Option (referred to in this Agreement as your “Option”). Your Option is not intended to qualify as an “incentive stock option” under Section 422 of the Internal Revenue Code of 1986, as amended.

  • Date of Grant The date that the Option is granted (the “Date of Grant”) is set forth above.

  • Allocation of Award The total Award made with respect to the Leased Property or for loss of rent, or for Lessor’s loss of business beyond the Term, shall be solely the property of and payable to Lessor. Any Award made for loss of Lessee’s business during the remaining Term, if any, for the taking of Lessee’s Personal Property, or for removal and relocation expenses of Lessee in any such proceedings shall be the sole property of and payable to Lessee. In any Condemnation proceedings Lessor and Lessee shall each seek its Award in conformity herewith, at its respective expense; provided, however, Lessee shall not initiate, prosecute or acquiesce in any proceedings that may result in a diminution of any Award payable to Lessor.

  • Execution of Award Agreement Please acknowledge your acceptance of the terms of this Agreement by electronically signing this Agreement.

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