Cancellation Payment. When a course/section has been allocated to a sessional Employee as per Article 4.7 or Article 4.8, and the course/section is subsequently cancelled or reassigned within nine Days of first day of classes, as listed in the University Calendar, of the semester in which it is scheduled to be taught, the Employee shall be paid a cancellation payment of 10% of the value of the cancelled course/section, unless the Employee has been offered another course/section in its place.
Cancellation Payment. In the event and to the extent of any cancellation by Seller under this clause, Buyer's total liability shall be to pay Seller for the terminated Services that have then been performed and for which Seller has not been previously compensated. Seller shall have no claim against Buyer for Services not performed, loss of anticipated profits, or consequential damages suffered by reason of any such termination. Any claims by Seller for compensation under the paragraph entitled "Cancellation" of this clause must be delivered to Buyer within thirty (30) days after Seller’s receipt of Buyer’s notice of termination. Seller hereby waives, releases, and renounces any claim for compensation not made within this period. In addition, Seller shall promptly remit to Buyer a pro rata refund of Fees pre-paid under any terminated Purchase Order for the remaining balance of the term of such Purchase Order from and after the date of such termination.
Cancellation Payment. In the event and to the extent of any cancellation by Seller under this clause, Buyer's total liability shall be to pay Seller for the Maintenance performed on or before the effective date of cancellation, but not paid for under the Contract. Seller shall give Buyer written notice of its intent to submit any claims for compensation under this clause within ten (10) days after the effective date of cancellation and shall submit all such claims within thirty (30) days after the effective date of cancellation. Seller hereby waives, releases, and renounces any claim for compensation not made within this period.
Cancellation Payment. In the event that any person or entity other than South Alabama or any affiliate of South Alabama (as such term is defined in Rule 13e-3 promulgated under the 1934 Act) (a) consummates x xxxxxr offer, as determined by the precedent construing Sections 14(c) and 14(d) of the B-3 1934 Act, for more than 20% and not more than 25% of the outstanding shares of BancTrust, (b) commences a tender offer for 25% or more of the outstanding shares of BancTrust, or (c) enters into any agreement with BancTrust to engage in an Acquisition Transaction in which the Common Stock would be convertible into or exchangeable for securities or assets of another entity or cash, South Alabama, at its election and subject to any required regulatory approvals, shall be entitled to receive, in consideration for the cancellation of the Stock Option, an amount in cash (the "Cancellation Payment") equal to (i) the excess, if any of (A) the highest price or consideration paid by such third party for any shares so acquired less (B) the Exercise Price, multiplied by (ii) 1,024,479 shares, less the number of shares (if any) that have previously been purchased upon exercise of the Stock Option, or, at the option of South Alabama, such lesser amount, if any, as may be paid by BancTrust without being required to obtain any prior regulatory approval from or to make any filing with the regulatory agency with respect to BancTrust's purchase of its equity securities. The Cancellation Payment shall be made within three (3) business days of South Alabama's election to receive the Cancellation Payment by certified or official bank check or wire transfer of same day funds to such account as South Alabama shall designate.
Cancellation Payment. If a fall or spring semester class is cancelled less than 2 weeks prior to the class start date (or a summer session class is cancelled less than 1 week prior to the class start date), and no re-assignment to a comparable class is possible, the Instructor II or Continuing-Status Employee shall receive a payment of 10% of what would have been the salary for that class had it not been cancelled. This payment for the canceled class shall be made in full before the fifth pay period of a fall or spring semester or before the final pay period of a summer session.
Cancellation Payment. The Executive will be paid the Payout Amount in equal installments of one-fourth of the Payout Amount over a nine-month period, with the first payment commencing on or as soon as administratively practicable after the Effective Date and with an additional payment every three (3) months thereafter until the entire Payout Amount is paid. The payment due for each three-month period shall be made on or as soon as administratively practicable after the last day of each such three-month period.
Cancellation Payment. In the event and to the extent of any cancellation by Seller under this clause, Xxxxx's total liability shall be to pay Seller for the Goods delivered and accepted, but not paid for under the Contract, on or prior to the effective date of cancellation. Buyer may return, and Seller shall have no claim against Xxxxx for, Goods not accepted by Xxxxx or for rejected Goods. In addition, Seller shall promptly provide to Buyer a pro rata refund of prepaid fees. Seller shall give Buyer written notice of its intent to submit any claims for compensation under this clause within thirty (30) days after the effective date of cancellation, and shall submit all such claims within sixty (60) days after the effective date of cancellation. Seller hereby waives, releases, and renounces any claim for compensation not made within this period.
Cancellation Payment. When a sessional contract for a course/section has been issued and the course/section is subsequently cancelled or reassigned, the employee shall be paid a cancellation payment of 10% of the value of the cancelled course/section, unless s/he has been offered another course/section in its place.
Cancellation Payment. Customer shall be obligated to pay the full amount that would have been due upon completion of any Service scheduled to be performed at Customer’s site, if Customer: (i) cancels with less than one week’s prior written notice, (ii) fails to show, or (iii) is otherwise unprepared to receive such Service. Customer shall be obligated to pay the full amount that would have been due upon completion of any Service scheduled to be performed at ChemWare’s site, if Customer: (iv) cancels with less than one week’s prior written notice, and (v) ChemWare is unable, through commercially reasonable efforts, to rebook the engagement to provide services of substantially the same type with the same or greater fees with another customer or, for training, rebook the Customer’s reservation with another customer for substantially the same or greater fees. Notwithstanding the foregoing, if more than one (1) week prior to the scheduled date of performance of a Service, Customer delivers to ChemWare prior written notice of its intent to cancel such Service, Customer shall be under no obligation to pay for such Service. In the event a Service is cancelled by ChemWare and not rescheduled, Customer shall be under no obligation to pay ChemWare for such cancelled Service or portion of such Service.
Cancellation Payment. In the event and to the extent of any cancellation by Supplier under this clause, Boeing's total liability shall be to pay Supplier for the Goods delivered and accepted, but not paid for under the Purchase Contract, on or prior to the effective date of cancellation. Boeing may return, and Supplier shall have no claim against Boeing for, Goods not accepted by Boeing or for rejected Goods. Supplier shall give Boeing written notice of its intent to submit any claims for compensation under this clause within thirty (30) days after the effective date of cancellation, and shall submit all such claims within sixty (60) days after the effective date of cancellation. Supplier hereby waives, releases, and renounces any claim for compensation not made within this period. d.
