Employment of Bank Sample Clauses

Employment of Bank. The Custodian and the Fund, on behalf of each ------------------ Portfolio, hereby employ the Bank as global subcustodian of all assets of each Portfolio that are delivered to and accepted by the Bank or any of its Subcustodians (as that term is defined in Section 5) anywhere in the world (the "Property") pursuant to the terms and conditions set forth herein. For purposes of this Agreement, "delivery" of Property shall include the acquisition of a security entitlement (as that term is defined in the New York Uniform Commercial Code ("UCC")) with respect thereto. Without limitation, such Property shall include stocks and other equity interests of every type, evidences of indebtedness, other instruments representing same or rights or obligations to receive, purchase, deliver or sell same and other non-cash investment property of a Portfolio ("Securities") and cash from whatever source and in whatever currency ("Cash"). The Bank shall not be responsible for any property of a Portfolio held or received by the Fund or others and not delivered to the Bank or any of its Subcustodians.
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Employment of Bank. The Custodian and the Fund, on behalf of each Portfolio, hereby employ the Bank as global subcustodian of all assets of each Portfolio that are delivered to and accepted by the Bank or any of its Subcustodians (as that term is defined in Section 6) anywhere in the world (the "Property") pursuant to the terms and conditions set forth herein. Without limitation, such Property shall include stocks and other equity interests of every type, evidences of indebtedness, other instruments representing same or rights or obligations to receive, purchase, deliver or sell same and other non-cash investment property of a Portfolio ("Securities") and cash from whatever source and in whatever currency ("Cash"). The Bank shall not be responsible for any property of a Portfolio held or received by the Fund or others and not delivered to the Bank or any of its Subcustodians.
Sample 1
Employment of Bank. Forum, on behalf of each Portfolio designated on Exhibit A, attached hereto, hereby employs the Bank as Agent to act as Sub-Custodian of all securities, cash in U.S. dollars and any other property of each Portfolio that are delivered to and accepted by the Bank or any Subcustodian (as that term is defined in Paragraph 4 of this Agreement) (the "Property") pursuant to the terms and conditions set forth herein. For purposes of this Agreement, "delivery" of Property shall include the acquisition by the Trust of a security entitlement (as that term is defined in the Delaware Uniform Commercial Code ("UCC")). Without limitation, such Property shall include stocks and other equity interests of every type, evidences of indebtedness, other instruments representing same or rights or obligations to receive, purchase, deliver or sell same and other non-cash property of a Portfolio and cash, provided that the Bank shall have the right, in its sole reasonable discretion, to refuse to accept as Property any property of a Portfolio that the Bank considers not to be appropriate or in proper form for deposit for any reason. The Bank shall not be responsible for any property of a Portfolio held or received by Forum or others and not delivered to the Bank or any Subcustodian.
Sample 1

Related to Employment of Bank

  • Termination of Employment Generally In the event the Executive’s employment with the Company terminates, for any reason whatsoever including death or disability the Executive shall be entitled to the benefits described in this Section 2.2.

  • TERMINATION OF EMPLOYMENT; EFFECT OF TERMINATION (a) The Term of Employment may be terminated by the Company at any time:

  • Termination of Employment Agreement (a) Effective as of the Effective Date and immediately prior to the Effective Time, the Employment Agreement is hereby terminated and shall be of no further force or effect whatsoever; provided, however, that, and notwithstanding anything in this Agreement to the contrary, such termination shall be contingent on the closing of the Merger.

  • Effect of Termination of Employment The provisions of this Section 6 shall apply in the event of termination of Executive’s employment, pursuant to Section 5, or otherwise.

  • Employment of Executive Employer hereby agrees to employ Executive, and Executive hereby agrees to be and remain in the employ of Employer, upon the terms and conditions hereinafter set forth.

  • Employment and Term of Employment Subject to the terms and conditions of this Agreement, the Company hereby agrees to employ the Executive, and the Executive hereby agrees to serve the Company, as Controller and Secretary for a term (the "Term of Employment") beginning on the date first set forth above (the "Effective Date") and ending on the Expiration Date (defined below). As used in this Agreement, "Expiration Date" means the first anniversary of the Effective Date, provided that on each anniversary of the Effective Date (each such anniversary being referred to as a "Renewal Date"), the Expiration Date shall be automatically extended one additional year unless, not less than 10 days prior to the relevant Renewal Date, (i) either party shall have given written notice to the other that no such automatic extension shall occur after the date of such notice or (ii) either party shall have given a Notice of Termination to the other pursuant to Section 5 hereof. Notwithstanding the foregoing, if either party gives a valid Notice of Termination pursuant to Section 5 hereof, the Term of Employment shall not extend beyond the termination date specified in such Notice of Termination.

  • Employment Termination This Agreement and the employment of the Executive shall terminate upon the occurrence of any of the following:

  • Term; Termination of Employment The term of this Agreement (the “Term”) begins on the Effective Date and will end, along with Executive’s employment with the Company, on the earliest to occur of the following events.

  • Termination of Employment With Cause If the Participant is terminated for Cause, the Performance Share Unit Award will be forfeited. For this purpose, “Cause” is defined in the employment agreement in effect between the Participant and the Company or any subsidiary, including any employment agreement entered into after the Award Date. In the absence of an employment agreement, “Cause” means any breach by the Participant of any of his or her material obligations under any Company policy or procedure, including, without limitation, the Code of Conduct.

  • Termination of Employment Relationship 3.1 The Executive’s employment with the Company shall automatically terminate, and the Employment Term shall thereupon terminate:

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