Initial Transition Period definition

Initial Transition Period for each Transition Service means the period beginning on the date on which the Spin-Off occurs (the “Closing Date”) and ending on the Initial Termination Date, and (b) the terms Initial Transition Period and Subsequent Transition Period are collectively referred to herein as the “Transition Period.”

Initial Transition Period has the meaning set forth in Section 6.15.

Initial Transition Period means the three (3) month period immediately following the Closing Date.

Examples of Initial Transition Period in a sentence

• During the Initial Transition Period, the Board of Directors and the Executive Committee shall cause the Initial Transition Period Chairman to be appointed as the Chairman of the Executive Committee and the Initial Transition Period Vice Chairman as the Vice Chairman of the Executive Committee.

• Notwithstanding anything to the contrary contained herein or in the Corporation’s Certificate of Incorporation, during the Initial Transition Period, the Vice Chairman of the Board of Directors may only be removed from office if such removal is approved by both (i) a majority the entire Board of Directors and (ii) a majority of the CBOT Directors then in office.

• During the Initial Transition Period, any vacancy in the position of Vice Chairman of the Board of Directors (whether as a result of the removal, disqualification, resignation, retirement, death or incapacity of the Vice Chairman) shall be filled by a majority vote of CBOT Directors then in office.

• Notwithstanding anything to the contrary contained herein or in the Corporation’s Certificate of Incorporation, during the Initial Transition Period, the Chairman of the Board of Directors may only be removed from office if such removal is approved by both (i) a majority the entire Board of Directors and (ii) a majority of the CME Directors then in office.

• The individual serving as the Vice Chairman of the Board of Directors at any time during the Initial Transition Period pursuant to this Section 10.5 is referred to as the “Initial Transition Period Vice Chairman”.

More Definitions of Initial Transition Period

Initial Transition Period means the period beginning on the Third Amendment Date and ending on the date that is one hundred fifty (150) days after the Third Amendment Date.

Initial Transition Period shall have the meaning set forth in Section 9.11.

Initial Transition Period has the meaning set forth in Section 21.3(b).

Initial Transition Period has the meaning set forth in Section 3.1(d).

Initial Transition Period means the period starting the day following the consummation of the SBC-AT&T Merger and, subject to Licensee’s compliance with the following covenant, ending the earliest to occur of (x) eighteen (18) months after the consummation of the SBC-AT&T Merger, (y) the termination of this Agreement in accordance with Article 12 hereof, or (z) the occurrence of an insolvency event under Section 10.02 of the Joint Venture Agreement. Licensee covenants that during the Initial Transition Period Licensee shall either develop new marks or obtain a license from a third party to use new marks for use in connection with the Service Offerings (the “New Marks”), and within such Initial transition Period shall make a public announcement of such New Marks. If Licensee is in compliance with this covenant, then the Initial Transition Period shall be extended to a date that is the earliest to occur of (x) thirty-six (36) months from the date of the consummation of the SBC-AT&T Merger, (y) the termination of this Agreement in accordance with Article 12 hereof, or (z) the occurrence of an insolvency event under Section 10.02 of the Joint Venture Agreement (the “Extended Transition Period”), otherwise, the Initial Transition Period shall end on the date that is eighteen (18) months following the date of the consummation of the SBC-AT&T Merger. If Licensee qualifies for the Extended Transition Period and there is an Extended Transition Period, then during the period from the end of the sixth (6th) month following the Initial Transition Period to the end of the Extended Transition Period, Licensee may only use the Marks (x) in conjunction with the use of any New Marks developed or licensed by Licensee, (y) in a manner in which the Marks are not used as the primary indicia of origin and are used solely in a referential manner, and (z) with the prior review and consent of AT&T, which consent shall not be unreasonably withheld. By way of example, Licensee may use the AT&T name in a significantly smaller type face following the use of any New Xxxx, and also use accompanying language such as “formerly AT&T” as a tag line.”

Initial Transition Period has the meaning set forth in Section 3.1(d). “Initial Trial Budget” has the meaning set forth in Section 3.8. “Insolvency Event” means, with respect to a Party,

Initial Transition Period shall have the meaning set forth in Section 2.2.1 of this Agreement.