Decision Period Clause Samples
The Decision Period clause defines a specific timeframe during which a party must make a required decision or provide a response under the contract. Typically, this period begins upon receipt of a notice or the occurrence of a triggering event, and may last for a set number of days, such as 10 or 30 days. By establishing a clear deadline for action, the clause ensures timely decision-making and helps prevent unnecessary delays or disputes over when responses are due.
Decision Period. During the Decision Period, the Redeployee will elect to accept in writing either the Redeployment Period or to cease employment with the University and receive a redundancy payment in accordance with Clauseclause 7165.9 and payment of 10 weeks salary in lieu of any redeployment. Where the Staff Member provides their written decision prior to the end of the Decision Period, the Staff Member is also entitled to payment in lieu of the balance of any unused portion of the Decision Period.
Decision Period. Upon receipt by AgrEvo of Genotyping Results for a particular Crop pursuant to Section 3.3 and written notice thereof from Lynx, AgrEvo shall have ninety (90) days (the "Decision Period") to evaluate the Genotyping Results in good faith and determine whether the Genotyping Results are valuable to AgrEvo. If AgrEvo believes the Genotyping Results are valuable, AgrEvo will so notify Lynx in writing and pay Lynx the Technology Licensing Fee prior to the expiration of the Decision Period. If AgrEvo does not believe the Genotyping Results for a particular Crop delivered to date are sufficiently valuable to justify payment of the Technology Licensing Fee and the Decision Period has not expired, AgrEvo may order [ * ] additional Genotyping Experiments for the particular Crop, and the Decision Period will be extended until ninety (90) days after AgrEvo's receipt of the Genotyping Results for the particular Crop from such additional Genotyping Experiments. This process of ordering additional Genotyping Experiments and the resulting extension of the Decision Period may be repeated during the Collaboration Term until the Decision Period has expired without AgrEvo having ordered additional Genotyping Experiments or paid the Technology Licensing Fee. Except as otherwise specified in this Section 5.5, the Parties shall jointly own the Genotyping Results, and each Party shall make all appropriate assignments and take all other actions reasonably necessary to give effect to the ownership interest of the other Party. Prior to and during the Decision Period, neither Party will use such Genotyping Results for any purpose not explicitly permitted under this Agreement or license such Genotyping Results or any Intellectual Property associated with such Genotyping Results to any Third Party, without the written consent of the other Party. In addition, prior to the expiration of the Decision Period, AgrEvo shall have the sole right to prosecute, maintain, protect and enforce any Intellectual Property associated with such Genotyping Results, in the name of both Parties and at its expense. Lynx will provide reasonable assistance to AgrEvo, at AgrEvo's expense, in obtaining and managing the prosecution, protection and enforcement of Intellectual Property associated with such Genotyping Results. [ * ] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b...
Decision Period. Roche shall have a period of sixty (60) days, extendible by mutual agreement of the Parties, said period to commence on the receipt by Roche of the deCODE Notice ("Decision Period"), to decide whether or not it wishes to pursue negotiations for such rights.
Decision Period. M▇▇▇▇▇ acknowledges that he was notified of his impending termination on February 13, 2008 and that the Company afforded him a period of thirty (30) days, or until March 14, 2008, within which to consider and sign the Agreement. M▇▇▇▇▇ was provided the option of accepting and signing the original Agreement before the expiration of the time period, but was not required to do so by the Company.
Decision Period. 11.01(d) Determination Date..................................... 11.01(d) Dissenters' Shares..................................... 3.06
Decision Period. The term “
Decision Period. The FMA shall decide on the approval of the merger within one month after receipt of the complete documents. In justified cases, the deadline may be extended to six months.
Decision Period. Sandahl acknowledges that he was notified of his impending termination on October 29, 2008 and that the Company afforded him a period of forty-five (45) days, or until December 13, 2008, within which to consider and sign the Agreement. Sandahl was provided the option of accepting and signing the original Agreement before the expiration of the time period, but was not required to do so by the Company.
Decision Period. The staff member will have a period of 4 weeks from the date of the notice in Step 1 to elect to do one of the following: a) seek redeployment within the University for a period of up to 52 weeks for Academic Staff; or 26 weeks for Teachers; or b) seek employment outside the University for a period of up to 16 weeks for Academic Staff, or 8 weeks for Teachers; or c) accept a voluntary separation package comprising the redundancy payment in accordance with Step 4 plus 20% loading for Academic Staff, or 10% for Teachers (except on the statutory entitlements) in lieu of any redeployment. • If the staff member does not elect between those options, the staff member will be deemed to have elected redeployment within the University.