Modification of Current Relationship Sample Clauses

Modification of Current Relationship. Effective as of September 19, 1997 (the "Date of Termination"), Skaff shall resign as a Vice Pxxxxxent of OrthoLogic. From and after the Date of Termination, Skaff shall have no further righxx xx duties as an employee or officer for or on behalf of OrthoLogic. Skaff acknowledges that OrthoLxxxx has no obligation to recall or reemploy Skaff in the future. Skaff acknxxxxxges that OrthoLogxx xxs not obligated to provide the consideration described in this Agreement and that such consideration constitutes a benefit that is being provided to Skaff in exchange for and in coxxxxxration for his promises, covenants and releases contained in this Agreement.
Sample 1
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Modification of Current Relationship. Effective as of March 18, 2003 (the "Effective Date"), Xxxxxxx hereby resigns from all officer positions he holds with Company. Thereafter, Xxxxxxx'x employment by Company shall continue until June 16, 2003, at which time it shall end for all purposes (the "Date of Termination"). As of the Effective Date, Xxxxxxx will have no specific duties with respect to the Company, but shall be available to consult on Company matters and assist with Company projects as may be requested from time to time by the CEO or President of Insight Enterprises, Inc. or by the President of Insight North America, Inc. Xxxxxxx shall be entitled to receive his base salary and accrued vacation through June 16, 2003 and a bonus with respect to the first quarter of 2003 in accordance with the provisions of the Agreement. Payment for the base salary, the accrued but unpaid vacation, and the bonus shall be made in accordance with Company's standard payroll policies. From and after the Effective Date, and continuing throughout the Consulting Term, as defined below, Xxxxxxx shall no longer have access to Company premises, except by invitation, and shall not have any required number of work hours so long as he responds appropriately to Company's reasonable requests for consulting services; he shall not have any Company titles and shall not have any authority to act for or on behalf of the Company or to bind the Company in any way. From and after the Date of Termination, Xxxxxxx shall have no further rights or duties as an employee or officer for or on behalf of Company. The termination shall be treated by both parties as a termination by Xxxxxxx without "Good Reason."
Sample 1
Modification of Current Relationship. Effective as of May 21, 1997 (the "Date of Termination"), Derminio shall resign as a Vice President of OrthoLogic. From and after the Date of Termination, Derminio shall have no further rights or duties as an employee or officer for or on behalf of OrthoLogic. Derminio acknowledges that OrthoLogic has no obligation to recall or reemploy Derminio in the future. Derminio acknowledges that OrthoLogic was not obligated to provide all consideration described in this Agreement and that a portion of such consideration constitutes an additional benefit that is being provided to Derminio in exchange for and in consideration for his promises, covenants and releases contained in this Agreement.
Sample 1
Modification of Current Relationship. Effective as of February 18, 1997 (the "Date of Termination"), Oram shall resign as the Prexxxxnt of OrthoLogic. From and after the Date of Termination, Oram shall have no further rightx xx duties as an employee or officer for or on behalf of OrthoLogic. Oram shall continue as a member xx the OrthoLogic Board of Directors (the "Board") until OrthoLogic's Annual Meeting in 1997. It is understood by the parties that Oram's term expires at the 1997 Xxxxxx Meeting, and Oram agrees that he will not seex xeelection to the Board at such meeting. During the first six months following the Date of Termination, Oram shall also make himself avxxxxble for consulting to OrthoLogic, as may be requested from time to time by OrthoLogic, at mutually convenient times, at a rate of $2,000 per day, which amount shall be prorated for periods of less than one full day.
Sample 1

Related to Modification of Current Relationship

  • Modification of Agreement This Agreement may be modified, amended, suspended or terminated, and any terms or conditions may be waived, but only by a written instrument executed by the parties hereto.

  • Modification of Services Credit Union reserves the right to modify the Service from time to time without making prior notice to Member, provided, however, that Credit Union will give you at least thirty (30) days notice prior to making any modifications to the Service that would materially alter their functionality.

  • Termination or Amendment The Committee may terminate or amend the Plan or this Agreement at any time; provided, however, that no such termination or amendment may adversely affect the Participant’s rights under this Agreement without the consent of the Participant unless such termination or amendment is necessary to comply with applicable law or government regulation. No amendment or addition to this Agreement shall be effective unless in writing.

  • Modification or Termination The Loan Documents may only be modified or terminated by a written instrument or instruments intended for that purpose and executed by the party against which enforcement of the modification or termination is asserted. Any alleged modification or termination which is not so documented shall not be effective as to any party.

  • Modification of the Agreement Notwithstanding any of the provisions of this Agreement, the parties may agree to amend this Agreement. No alteration or variation of the terms of this Agreement shall be valid unless made in writing and signed by the parties hereto. No oral understanding or agreement not incorporated herein shall be binding on any of the parties hereto.

  • Modification or Amendment Subject to the provisions of the applicable Laws, at any time prior to the Effective Time, the parties hereto may modify or amend this Agreement, by written agreement executed and delivered by duly authorized officers of the respective parties.

  • Modification, Amendment and Termination This Limited Guaranty may be modified, amended or terminated only by the written agreement of GMAC and the Trustee and only if such modification, amendment or termination is permitted under Section 12.02 of the Servicing Agreement. The obligations of GMAC under this Limited Guaranty shall continue and remain in effect so long as the Servicing Agreement is not modified or amended in any way that might affect the obligations of GMAC under this Limited Guaranty without the prior written consent of GMAC.

  • MODIFICATION OF NOTE 3.1 From and after the Effective Date, the provision in the Note captioned "Promise to Pay" is hereby amended as follows: The date on which the entire balance of unpaid principal plus accrued interest shall be due and payable immediately is hereby changed from March 31, 2010 to March 31, 2012.

  • Amendment or Termination of Agreement This Agreement may be changed or terminated only upon the mutual written consent of the Company and Executive. The written consent of the Company to a change or termination of this Agreement must be signed by an executive officer of the Company after such change or termination has been approved by the Board.

  • Modification of Schedules 1. A Party may modify or withdraw any commitment in its Schedule, at any time after three years from the date on which that commitment has entered into force provided that:

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