Continuing Participation. The Parties acknowledge that membership in the Authority may change by the addition and/or withdrawal or termination of Parties. The Parties agree to participate with such other Parties as may later be added, as described in Section 3.1. The Parties also agree that the withdrawal or termination of a Party shall not affect this Agreement or the remaining Parties’ continuing obligations under this Agreement.
Continuing Participation. The Parties acknowledge that participation in the CCA Program may change by the addition or withdrawal or termination of Participants. The Parties agree to participate with such other Participants as may later be added, as described in Section 3.1. The Parties also agree that the withdrawal or termination of a Participant shall not affect this Agreement or the remaining Parties’ or Participants’ continuing obligations under this Agreement.
Continuing Participation. (a) The Managing Member may excuse any Capital Investment Member from continuing participation in an Investment in a Portfolio Company (such Capital Investment Member shall be an "Excused Member" with respect thereto and such Investment shall be an "Excused Investment") if the Managing Member determines that there is a substantial likelihood that such Capital Investment Member's continuing indirect Investment in such Portfolio Company might have a Material Adverse Effect (as defined in Section 2.11(d) below) on the Company or the Portfolio Company and the Managing Member shall have given 10 days' advance written notice to any such Capital Member specifying its reason for availing itself of the provisions of this Section 2.11(a) and shall have delivered to such Capital Investment Member an opinion of counsel to such effect. Such Capital Investment Member shall become an Excused Member with respect to such Excused Investment as soon as practicable. The Managing Member shall take commercially reasonable steps to cause the portion of the Excused Investment that would have been allocated to the Excused Member promptly to be sold by the Company for a cash price equivalent to the Fair Market Value of such portion of the Excused Investment, taking into account the factors set forth in Section 4.8(c). The proceeds of such sale shall be paid over to such Excused Member. All costs and expenses of the Company in respect of the determinations and other matters referred to in this Section 2.11 shall be allocated to the Capital Account of the Excused Member.
Continuing Participation. (i) After the initial year for eligibility, an Eligible Employee may authorize or change a previously authorized Salary Deferral for any Plan Year by executing and delivering to the Corporation a Salary Deferral Agreement at a date determined by the Corporation, but no later than December 31 of the Plan Year immediately preceding the Plan Year in which the Compensation would otherwise be paid to the Member. Once a Salary Deferral Agreement is made, it will remain in effect for that Plan Year and subsequent Plan Years until suspended or changed in accordance with these terms.
Continuing Participation. The Members acknowledge that the membership of the Agency may change with the addition and/or withdrawal or termination of Members. The Members agree to participate with such other Members as may later be added. The Members also agree that the withdrawal or termination of a Member shall not affect this Agreement or the remaining Members’ continuing obligations under this Agreement.
Continuing Participation. 17 ------------------------ Section 2.12 Consent to Remedies........................ 19 ------------------- Section 2.13 In Kind Distributions...................... 20 --------------------- Section 2.14 In Kind Contributions; Managing Member -------------------------------------- Investments................................ 20 ----------- ARTICLE 3...........................................
Continuing Participation. If Purchaser so requests within 30 days ------------------------ prior to the Closing, Seller shall permit GBB Employees to continue to participate for the remainder of calendar year 1999 in Seller's welfare benefit plans providing medical, dental, vision care and flexible spending account benefits with respect to the Government Base Business. Purchaser shall reimburse Seller for Seller's cost of premiums for such coverage and a reasonable administrative fee to cover the cost of Seller's administration of such coverage.
Continuing Participation. Upon renewal of the Lease by the Seller and and/or Phoenix Energy or other affiliates or associates of the Seller, the Purchaser retains the right to continue its Five and N0/100ths (5%) turnkey working interest participation for a fee of Five Thousand Dollars ($5,000) per lease period.
Continuing Participation. An individual who was a Participant in the Plan on April 24, 1997 shall continue as a Participant in the Plan if he still has an undistributed Account as of such date. In addition, any individual whose employment with Xxxxxxxx Xxxxxxxxxx and Cosmetics, Inc. who was transferred to the Employer effective April 25, 1997 and who was either a Participant or eligible to participate in the Revlon Savings, Investment and Profit Sharing Plan on April 24, 1997 shall be eligible to participate in the Plan as of April 25, 1997.
Continuing Participation. An individual who was a Participant in the Plan on December 31, 1995 shall continue as a Participant in the Plan if he still has an undistributed Account as of such date.
