First Two Years Clause Samples
The "First Two Years" clause establishes specific terms or conditions that apply during the initial two-year period of an agreement or relationship. Typically, this clause might set out unique obligations, restrictions, or benefits that are only in effect for the first 24 months, such as introductory pricing, limited termination rights, or enhanced support. Its core function is to clearly define a distinct initial phase, ensuring both parties understand any special rules or protections that apply at the outset and preventing misunderstandings about when standard terms take over.
First Two Years. During the first twelve (12) months that an employee is on Long Term Disability, the Employer shall maintain its share of premiums for Life and Health Benefit programs which were in effect at the time of initial disability. For the second twelve (12) months on Long Term Disability, an employee shall be entitled to maintain these Life and Health Benefit programs provided that she/he assumes the full premium costs for benefits not subject to Waiver of Premium. Waiver of premiums shall be applicable to OMERS pension, long-term disability benefits and basic life insurance.
First Two Years. If an incident giving rise to Damage for which the Operators are jointly responsible under Section 11(b)(i) Train Usage) occurs before June 1, 2001, responsibility for such Damage shall be borne equally by the Operators, with each being liable for one-half (1/2) of the damages."
First Two Years. During the period beginning as of the effective date of the Registration Statement and ending on the second anniversary of such effective date, Stockholder shall not sell, during any calendar quarter, more than two and one-half percent (2.5%) of the total number of shares of Common Stock of the Company beneficially owned by Stockholder as of the effective date of the Registration Statement without the prior written consent of the Company.
First Two Years. After the end of the reporting period of Section 5.7.2(a) and through the end of the first full Calendar Year after the Launch Date, each Party shall provide the other both a preliminary and final report of the number of Details carried out by its representatives during each month. Preliminary reports shall be delivered to the other Party no later than three (3) weeks after the end of the applicable month and final reports shall be delivered no later than six (6) weeks after the end of the applicable month.
First Two Years. Prior to the two (2) year anniversary of the date hereof, no Member may transfer all or a portion of its Interest without the prior written consent of the other Members. After the two (2) year anniversary of the date hereof, each Member may Transfer its Interest subject to Section 10.5, but shall not be permitted to Transfer less than all of its Interest pursuant to any such Transfer.