Match commitment Clause Samples
A match commitment clause obligates one party to match the terms of an offer received by the other party, typically in the context of business transactions or investment opportunities. In practice, if the party seeking a match receives a third-party offer, they must present the terms to the party with the match right, who then has a specified period to accept or decline matching those terms. This clause ensures the original party has the opportunity to retain a valuable relationship or asset by meeting competitive offers, thereby protecting their interests and preventing loss to a competitor.
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Match commitment the listing of an applicant by a program on its certified rank order list or of a program by an applicant on the applicant's certified rank order list establishes a binding commitment to offer and to accept an appointment if a match occurs and to start training in good faith (i.e., with the intent to complete the program) on the date specified in the appointment contract. The binding commitment shall be deemed to have been honored so long as the applicant enters and remains in the training program through the first 45 days after the start date of the relevant appointment contract.
Match commitment. The listing of an applicant by a program on its certified rank order list or of a program by an applicant on the applicant's certified rank order list establishes a binding commitment to offer or to accept an appointment if a match results and to start training in good faith (i.e., with the intent to complete the program) on the date specified in the appointment contract. The binding commitment shall be deemed to have been honored so long as the applicant enters and remains in the training program through the first 45 days after the start date of the relevant appointment contract. Absent a waiver from the NRMP, failure to honor this commitment by either party shall be a breach of this Agreement and may result in penalties to the breaching program or applicant, as described in Section 7.0. The binding commitment may be released only through the waiver procedures set forth in Sections 2.4 and 3.6 of this Agreement. Each such appointment is subject to the official policies of the appointing institution in effect on the date the program submits its rank order list and is contingent upon the matching applicant meeting all eligibility requirements imposed by those policies. Those requirements must be communicated to applicants in writing prior to the applicable Rank Order List Certification Deadline. It is recommended that each program obtain a signed acknowledgment of such communication from each applicant who interviews with such program. An applicant who gives notice of resignation, resigns, or vacates a matched position within 45 days of the start date specified in the appointment contract shall be presumed to have breached this Agreement unless evidence is submitted, though the NRMP waiver process, sufficient to show that the applicant entered into the program in good faith and the NRMP determines that applicant has a reasonable basis to be released from the binding commitment to the program under procedures set forth in Section 2.4 of this Agreement. If the NRMP receives information that a program has encouraged or supported an applicant with a match commitment to seek a concurrent year position absent a waiver from the NRMP, the NRMP will initiate an investigation to determine whether the applicant or program has violated the terms of this Agreement. A program that terminates a resident within 45 days of the start date specified in the appointment contract shall be presumed to have breached this Agreement unless evidence is submitted through the NRMP waiv...
Match commitment. If the Applicant is offered training with a Residency Program, the Applicant shall be available to begin training by July 1 of the year in which the residency training commences, unless the Faculty agrees to a deferred start date. Where practicable, the Applicant shall disclose their request for a deferred start date within their CaRMS Online application.
