EFFECT ON MARKUP Sample Clauses

EFFECT ON MARKUP. In the event of a Force Majeure or other disruption resulting in at least a one-day suspension of greater than **** percent (****%) of Contractor’s United Express scheduled flights for a period of more than thirty (30) days, United retains the right to reduce Contractor’s Markup to **** percent (****%) for A, B, or C level performance for the lesser of the duration of effect of the Force Majeure event or **** (****) year. In the event of a Force Majeure or other disruption resulting in at least a one-day suspension of greater than **** percent (****%) of Contractor’s United Express scheduled flights for a period of more than thirty (30) days, an equal to the percentage reduction of reimbursable Carrier Controlled Costs to the following three Reimbursement Categories will take effect: Fixed & Overhead – Per aircraft in Fleet, Fixed & Overhead – Non-Aircraft, and One-Time Costs. The payment reduction will continue for the duration of the disruption. In the event a permanent schedule reduction results from a disruption, a permanent reduction to these Reimbursement Category Costs equal to the percentage reduction in scheduled flights will take effect.
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EFFECT ON MARKUP. In the event of a Force Majeure or other disruption resulting in at least a one-day suspension of greater than [*] of Contractor’s United Express scheduled flights for a period of more than [*], United retains the right to reduce Contractor’s Markup to [*] for A, B, or C level performance, and to [*] for D level performance, for the lesser of the duration of effect of the Force Majeure event or [*]. The adjusted Markup under a Force Majeure event will be part of a broader United Express program where all carriers provide assistance at levels that are proportionate to their United Express operations.
Sample 1

Related to EFFECT ON MARKUP

  • Effect on Contract Except as specifically required to implement the purposes of this Section of the Contract, all other terms of the Contract shall remain in force and effect.

  • Effect on Lease (a) If the Premises are totally taken by Condemnation, this Lease shall terminate as of the Date of Condemnation. If a portion but not all of the Premises is taken by Condemnation, this Lease shall remain in effect; provided, however, that if the portion of the Premises remaining after the Condemnation will be unsuitable for Tenant’s continued use, then upon notice to Landlord within thirty (30) days after Landlord notifies Tenant of the Condemnation, Tenant may terminate this Lease effective as of the Date of Condemnation.

  • No Effect on Service Nothing in this Agreement or in the Plan shall be construed as giving the Participant the right to be retained in the employ or service of the Company or any Affiliate thereof. Furthermore, the Company and its Affiliates may at any time dismiss the Participant from employment or consulting free from any liability or any claim under the Plan or this Agreement, unless otherwise expressly provided in the Plan, this Agreement or any other written agreement between the Participant and the Company or an Affiliate thereof.

  • Effect on Obligations Termination of this Agreement pursuant to this Article shall terminate all obligations of the parties hereunder, except for the obligations under Sections 12.8 and 12.11 hereof and the obligations set forth in the next succeeding sentence of this Section 10.2. Upon any termination of this Agreement each party hereto will redeliver all documents, work papers and other material of any other party relating to the transactions contemplated hereby, and all copies of such materials, whether so obtained before or after the execution hereof, to the party furnishing the same.

  • Effect on Stock At the Effective Time, by virtue of the Merger and without any action on the part of the Company, Merger Sub or the holders of any securities of the Company or Merger Sub:

  • Effect on Agreement Except as expressly set forth herein, the terms and conditions of the Agreement shall remain in full force and effect. In the event of any inconsistency between the Agreement and this Amendment, the terms of this Amendment shall control.

  • Effect on Other Plans An election by the Executive to resign after a Change in Control under the provisions of this Agreement shall not be deemed a voluntary termination of employment by the Executive for the purpose of interpreting the provisions of any of the Company’s benefit plans, programs or policies. Nothing in this Agreement shall be construed to limit the rights of the Executive under the Company’s benefit plans, programs or policies except as otherwise provided in Section 5 hereof, and except that the Executive shall have no rights to any severance benefits under any severance pay plan.

  • Effect on Benefits a. Employees on Family and Medical Leave shall be covered by District Life Insurance Group Coverage and Hospital-Medical, Dental, Vision Group Coverage as though they were in active service.

  • Effect on Employment Neither the grant of the Stock Option, nor the issuance of Shares upon exercise of the Stock Option, will give the Optionee any right to be retained in the employ or service of the Company or any of its Affiliates, affect the right of the Company or any of its Affiliates to discharge or discipline such Optionee at any time, or affect any right of such Optionee to terminate his or her Employment at any time.

  • Effect on Credit Agreement Except as specifically amended by this Amendment, the Credit Agreement and the other Credit Documents shall remain in full force and effect and are hereby ratified and confirmed.

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