One Year Commitment Sample Clauses
The One Year Commitment clause establishes that the parties are obligated to maintain their agreement for a minimum period of one year. In practice, this means that neither party can terminate the contract for convenience or without cause before the one-year term has elapsed, regardless of changing circumstances or preferences. This clause provides stability and predictability for both sides, ensuring that each party can rely on the arrangement for at least a full year and preventing premature termination that could disrupt business operations or planning.
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One Year Commitment. At the end of the Sabbatical Leave, the employee shall return to the school system for at least one full school year. In the event he/she chooses not to return, reimbursement of compensations shall be made to the school system by the said employee within 90 days of the end of the leave, according to terms of the Sabbatical Leave contract to be signed prior to the commencement of such leave.
One Year Commitment. As part of the consideration for membership, the Member hereby agrees to remain a Member and pay the monthly dues of a Member for a period of not less than one (1) year from the date of this Agreement.
One Year Commitment. The Meetup leader ▇▇▇▇▇▇ agrees to remain a Meetup leader and pay the monthly payment for a period of not less than one (1) year from the date of this agreement. Following this one year commitment, Leaders and Co-organizers can choose to step down during the first quarter of the calendar year (January, February or March). Change requests will not considered from April – December. With reasonable cause, the Founders may terminate this Agreement, effective immediately upon giving written notice. Reasonable cause includes any violation of this Agreement included but not limited to this agreement. Additionally, upon termination of this agreement, Co-organizer will return to Founders or delete all records, notes, documentation and other items that were used, created, or controlled by Co-organizer for their group during the term of this agreement.
One Year Commitment. Neither Founder shall be obligated to remain an employee of Ski West for more than one year after the Closing Date. If Purchaser causes Ski West to terminate, or Purchaser terminates, the employment of either Founder within the first year after the Closing Date, Purchaser agrees that it will not make a claim against either Founder for that portion of the Purchase Price received by such Founder based on Purchaser’s decision to cause the termination of a Founder as an employee of Ski West. If either Founder leaves the employment of Ski West within one year after the Closing Date (other than as a result of involuntary termination or the death or disability of such Founder), such Founder shall repay to Purchaser, within ten (10) days after leaving, a pro rata portion of the amount of the Purchase Price received by such Founder at the Closing equal to fifty percent (50%) the amount of the Purchase Price such Founder received at Closing multiplied by the number of days remaining in the twelve-month period following the Closing Date on the date such Founder leaves divided by 365. For avoidance of doubt, the Founders can voluntarily terminate their employment from and after the first anniversary of the Closing Date without returning any portion of the Purchase Price. Notwithstanding any provision in this Agreement to the contrary, the parties agree that the Purchase Price represents payment for the Shares, and that no portion of the Purchase Price should be deemed compensation to the Founders for services rendered to Ski West after the Closing.