Re-Contract Sample Clauses

The Re-Contract clause establishes the terms and conditions under which parties may renegotiate or enter into a new contract to replace or supplement an existing agreement. Typically, this clause outlines the circumstances that trigger re-contracting, such as changes in project scope, regulatory requirements, or mutual agreement between the parties. By providing a structured process for revisiting contractual terms, the clause ensures flexibility and adaptability, allowing the parties to address unforeseen developments and maintain a fair and effective working relationship.
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Re-Contract. If a Participant who incurs a Separation from Service is subsequently executes a Producer Agreement, he or she may, at the sole and absolute discretion of the Committee, become an Eligible Participant in accordance with the provisions of the Plan.