Contract Buy-out definition
Examples of Contract Buy-out in a sentence
APPENDIX A This Appendix A is intended to form a part of that certain Contract Buyout and Separation Agreement (the "Agreement") by and between S▇▇▇▇▇▇ ▇.
By execution below, Employee acknowledges that this option satisfies and extinguishes, in full, the Company's obligations to Employee set forth in paragraph D of Appendix A to that certain Contract Buyout and Separation Agreement by and among Employee, the Company and Hibernia National Bank dated as of January __, 2001.
Failure to do so may result in additional charges as outlined in the Summary of Potential Mid-Year Contract Buyout Fees/Late Check-Out Charges below.
Any work performed, prior to the date of the Contract Buyout Fee payment is received, shall be billed to Partner as normal.
PERFORMANCE STATEMENT 1-1 to the Contract, Buyout Program, is deleted in its entirety and replaced with the Revised Buyout Program, attached hereto and incorporated herein in its entirety for all purposes as PERFORMANCE STATEMENT 1-2.
A Contract Buyout Fee should equal to 2 month's honor of ICC Utilities and House charges minus ICC Membership Shares 500 Members who chew out average pay.
If Employee does not execute Appendix B, Mutual Release, to that certain Contract Buyout and Separation Agreement dated January __, 2001, by and among the Company, Hibernia National Bank and Employee, such Mutual Release to be dated and executed as of January 31, 2001, this option shall automatically expire and be deemed forfeited as of such date, without the requirement of further notice or the payment of compensation.
Residents who seek a contract buyout shall be charged a “Contract Buyout Fee” as follows: • Prior to start of the Fall Semester (August 1- First Day of Fall/Academic Year Contract): o 75% of the Spring Semester room rate plus 75% Spring Semester board rate • If the amount previously paid by Resident under this contract exceeds the Contract Buyout, the University will refund the excess to Resident.
The parties hereto further acknowledge and agree that that certain Contract Buyout Proposal executed on December 17, 2000 has been cancelled and terminated and that such buyout proposal is of no further force and effect.
Contract Buy-out requests may be made by a student after August 21 (for Fall/Spring) or January 7 (for Spring only) but before March 1st.