Corporate Phase II Clause Samples

Corporate Phase II. Within 120 days of the Effective Date, the ------------------ Project Coordinators will jointly coordinate the development of a task list and a detailed engineering specifications for the tasks involved in the integration and development of the Corporate Phase II Functionality ("Corporate Phase II Specifications") Once completed, and in any event after such 120 day period the detailed engineering specifications for such Corporate Phase II Specifications shall remain unchanged. Unchanged implies that there will be no significant changes in the Corporate Phase II Functionality. If the development for the Corporate Phase II Functionality is not completed and ready for AXP to commence its Acceptance Testing within ten (10) months from the Effective Date (subject to extensions as provided in Section 2.6), then the penalties in Section 2.6 will apply provided that Corporate Phase II Specifications have been completed and agreed to by the parties within such 120 day period.