Effectiveness Term Termination Clause Samples
The 'Effectiveness, Term, Termination' clause defines when an agreement becomes legally binding, how long it remains in force, and the conditions under which it can be ended by either party. Typically, this clause specifies the start date of the contract, outlines its duration (such as a fixed term or ongoing until notice), and details the procedures or events—like breach, mutual agreement, or notice period—that allow for early termination. Its core function is to provide clear boundaries for the contractual relationship, ensuring both parties understand when their obligations begin and end, and under what circumstances the agreement can be lawfully concluded.
Effectiveness Term Termination. This agreement is concluded subject to the consent of the general meeting of the Parent Company and the shareholders’ meeting of the Subsidiary.
Effectiveness Term Termination. This Agreement will become effective as of the date of signature by the Receiving Party and may be terminated by either Receiving Party or Agent at any time upon written notice. This Agreement will automatically terminate upon the execution of a definitive agreement establishing the relationship for the Purpose described above. If not earlier terminated in writing, this Agreement shall expire three (3) years from its effective date. Notwithstanding the foregoing, the Receiving Party’s obligations hereunder with respect to Confidential Information disclosed by the Disclosing Party prior to termination shall continue in perpetuity.
Effectiveness Term Termination. 1. This Agreement is effective from the date on which it has been signed by both the Employees’ Representatives and Royal Philips and shall remain in effect unless terminated by mutual consent, EPF Agreement 2006-2010 /PAW final./13 November 2006 or as provided in the second paragraph of this Article.
2. This Agreement shall automatically expire after termination of a period of 5 years from the last signature hereof. Prior to the expiration the Employees’ Representatives and the Management shall discuss the possible extension of the Agreement, including any changes thereto. If the Management and the Employees’ Representatives are unable to reach agreement prior to the expiration of the Agreement, the terms and conditions of the Agreement will remain in full force and effect until both parties have reached agreement. Preceding the expiration the Committee will review the Agreement and advice the Forum and Management to renew for an additional period of 5 years or to renegotiate the Agreement. TCI ▇▇▇.▇▇▇▇-▇▇.▇▇ Article 10 Legal status
1. This Agreement is an agreement as meant in Article 13 of the EU-Directive and in any corresponding provision of Dutch law. Signed on behalf of Koninklijke Philips Electronics NV. Signed on behalf of the Employees’ Representatives of the countries represented in the European Philips Forum ▇.▇.▇.▇. ▇▇▇▇▇▇▇▇▇▇ [Committee Members] EPF Agreement 2006-2010 /PAW final./13 November 2006 Employees per country number of seats in Forum 1 - 5000 1 5001 - 10000 2 10001 - 20000 3 >>20000 4 Situation as at November 1, 2006:
1. Netherlands : 3
2. Germany : 2
3. Poland : 2
4. France : 1
5. United Kingdom : 1
6. Belgium : 1
7. Austria : 1
8. Spain : 1
9. Italy : 1
10. Portugal : 1
11. Switzerland : 1
12. Sweden : 1
13. Norway : 1
14. Denmark : 1
15. Finland : 1 16 Greece : 1 17. Ireland : 1 18. Hungary : 1
Effectiveness Term Termination. This Agreement shall become effective as of its date, so long as the LLC Agreement shall have become effective and the transactions contemplated by the SPA shall have been consummated. This Agreement may be terminated upon mutual agreement between the Parties.
Effectiveness Term Termination. Amendment to the “Portfolios” are deleted and replaced with “Portfolio.”
Effectiveness Term Termination. Unless otherwise provided by this Agreement or agreed between the parties, this Agreement shall become effective upon the effective time of the Merger in accordance with the Merger Agreement (“Effective Time”). Prior to the Effective Time, this Agreement shall be of no force or effect and neither party shall have any rights or obligations under this Agreement. After the Effective Time, this Agreement can be terminated upon the mutual consent of Himax Display and Spatial Photonics or upon termination of the Merger Agreement. For purposes of clarification, if the Merger Agreement terminates for any reason prior to the Effective Time, then this Agreement shall terminate automatically at such time without having ever had any force or effect.
Effectiveness Term Termination