Commence Clause Samples

The 'Commence' clause defines the specific date or event upon which the obligations and rights under an agreement begin to take effect. Typically, this clause will state whether the contract starts on the date of signing, a future date, or upon the occurrence of a particular event, such as regulatory approval or delivery of goods. Its core practical function is to provide clarity and certainty to all parties about when their contractual responsibilities and benefits are activated, thereby preventing disputes over the timing of performance.
POPULAR SAMPLE Copied 4 times
Commence. The term of this Lease ("Term") shall commence on the Commencement Date set forth in Section 1, subject to Section 4.
Commence. If, a Termination of Service before Normal Retirement Age having previously occurred, the Director dies after benefit payments commence under Article 2.2 of this Agreement but before receiving all such payments, the Company shall pay the remaining benefits to the Directors beneficiary(ies) at the same time and in the same amounts they would have been paid to the Director had the Director survived,