Integration Period Sample Clauses
The Integration Period clause defines the specific timeframe during which the parties must complete the process of combining or integrating their respective operations, systems, or assets following a transaction or agreement. Typically, this period begins upon the closing of a deal and may last for a set number of months, during which both parties are required to fulfill certain obligations, such as transferring data, aligning business processes, or training staff. The core function of this clause is to establish clear expectations and deadlines for the integration process, thereby reducing uncertainty and ensuring a smooth transition.
Integration Period. During a period beginning thirty days before the Contractual Date of Substantial Completion and continuing until Final Completion, Design-Builder shall, in coordinating the Work on-site, give deference at all times to UGAA’s needs, including the need for continual and uninterrupted access by Separate Contractors and UGAA for their installation of UGAA Equipment – which deference may require Design-Builder to perform portions of the Work at night, on weekends, and holidays, or otherwise out-of- sequence, all at no additional cost to UGAA.
Integration Period. 9.1 The Board of Directors has resolved that the governance and other provisions set forth in this Article II, Section 9 shall apply and be effective during the period beginning at the Effective Time (as defined in the Agreement and Plan of Merger, dated as of December 9, 2010, by and between the Corporation and Center Financial Corporation (“Center Financial”), as may be amended from time to time (the “Merger Agreement”)), and ending on a date not to be later than the second anniversary of the Effective Time or such earlier date, but not prior to the first anniversary of the Effective Time, as may be determined by the affirmative vote of at least a majority of the Board of Directors (the “Integration Period”). Terms defined in the Merger Agreement are used in this Article II, Section 9 as so defined.
9.2 The Board of Directors shall consist of 14 members. Effective as of the Effective Time, seven members of the Board of Directors shall be current members of the Board of Directors designated by the Corporation prior to the Effective Time, including each of the persons designated for specified board of director or officer positions with the Corporation or Nara Bank in this Article II, Section 9 (such seven persons and their replacements, if any, as determined in accordance with Article II, Section 9.5 being referred to in this Article II, Section 9 as the “Continuing Nara Directors”), and seven members of the Board of Directors shall be current members of the board of directors of Center Financial designated by Center Financial prior to the Effective Time, including each of the persons designated for board of director positions with the Corporation or Nara Bank in this Article II, Section 9 (such seven persons and their replacements, if any, as determined in accordance with Article II, Section 9.5 being referred to in this Article II, Section 9 as the “Continuing Center Financial Directors”), in each case, subject to such designee satisfying the eligibility criteria to serve as a Director of the Corporation as set forth in the Nomination and Governance Committee Charter of the Corporation (the “Eligibility Criteria”) as of the Effective Time.
9.3 Effective as of the Effective Time, Mr. Ki Suh Park shall serve as Chairman of the Board of Directors and ▇▇. ▇▇▇▇▇ ▇▇▇ ▇▇▇ shall serve as Vice Chairman of the Board of Directors. In the event that Mr. Ki Suh Park ceases to serve as Chairman of the Board of Directors for any reason during the Integration Period, hi...
Integration Period. During a period beginning thirty days before the Contractual Date of Substantial Completion and continuing until Final Completion, CM shall, in coordinating the Work on-site, give deference at all times to UGAA’s needs, including the need for continual and uninterrupted access by Separate Contractors and UGAA for their installation of UGAA Equipment – which deference may require CM to perform portions of the Work at night, on weekends, and holidays, or otherwise out-of-sequence, all at no additional cost to UGAA.
Integration Period. The parties agree that the following exceptions will apply to the above described compensation arrangements in order to facilitate the transition between the compensation system existing until effective date at the Company and the newly to be introduced HSI compensation system.
(a) Year 1997: For the period starting on effective date until December 31, 1997, the Partner shall be compensated in accordance with the Company's compensation system in force as of effective date, which will be applied consistently with its application prior to the entering into force of this contract.
(b) Advance against Bonus: Exceptionally in the year 1998, advances against 1998 bonus shall be paid to the Partner as follows: - in June 1998, an amount of DM 520,000.00 gross and - in October 1998, an amount of DM 520,000.00 gross. From these gross amounts, the compulsory withholding will be deducted, in conformity with legislation. These advances will be deducted from the 1998 bonus. If for any reason it appears that the advances exceed the final bonus, the excess shall be promptly repaid by the Partner to the Company. The partner agrees that the Company has the right to deduct the excess from any payment of any kind due to the Partner by the Company of by HSI.
(c) Years 1998, 1999, 2000: For the integration period (years 1998, 1999, 2000), an equalisation mechanism shall apply as described in (S) 5 of the Purchase Agreement between the Partner and a subsidiary of HSI concerning the sale of the limited partnership interest in the Company to a subsidiary of HSI. During the integration period as an exception the level in the range of the guideline compensation formula which will be used for determining the Partner's total compensation shall not be influenced by the quality and partnership evaluation of the Partner but shall be the average level used for all the Partners of HSI. As of January 1, 2001, the Partner's compensation shall follow strictly the then Company compensation policy without any exception.
Integration Period. All employees of ▇▇▇▇▇▇ (other than the directors of Sirius) will continue to be employed by ▇▇▇▇▇▇ for a period of three months after Implementation (Integration Period) for the purposes of integrating the IGO and Sirius businesses, other than the Priority Selection Employees.
Integration Period. A period of 30 minutes, unless specified otherwise, during which the electrical consumption of a consumer of electricity accumulates and is recorded.