SECOND INCIDENT Clause Samples

The "Second Incident" clause defines the consequences or procedures that apply when a second occurrence of a specified event or breach happens under an agreement. Typically, this clause outlines stricter remedies or escalated actions compared to a first incident, such as automatic termination, increased penalties, or additional obligations. For example, if a party repeatedly fails to meet a deadline, the second failure may trigger more severe consequences than the first. The core function of this clause is to deter repeated non-compliance and provide a clear framework for handling recurring issues, thereby protecting the interests of the non-breaching party.
SECOND INCIDENT. Following the second incident resulting in damage to the device, written communication regarding the incident will be directed to the parent or guardian of the student to whom the device was issued, and a meeting will take place between the student and a SCEC ▇▇▇▇ or Administrator. Fees for repair or replacement of the device, according to the schedule listed on Page 5 of this Policy, will be assessed to the student’s account and shall be the responsibility of the parent or guardian.
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Related to SECOND INCIDENT

  • WAIVER IN CASE OF EMERGENCY In cases of emergency declared by the President of the United States, the Governor of the state of Ohio, the ▇▇▇▇▇▇▇▇▇▇ County Sheriff, the City Manager of ▇▇▇▇▇ Heights, or any other authorized governmental official, for acts of God or civil disorder, the following conditions of this Agreement may be temporarily suspended by the Employer A. Time limits for the processing of grievances; and B. Selected work rules and/or agreements and practices relating to the assignment of employees.

  • No Change in Control Guarantor shall not permit the occurrence of any direct or indirect Change in Control of Tenant or Guarantor.

  • Payment in the Event Losses Fail to Reach Expected Level On the date that is 45 days following the last day (such day, the “True-Up Measurement Date”) of the calendar month in which the tenth anniversary of the calendar day following the Bank Closing occurs, the Assuming Bank shall pay to the Receiver fifty percent (50%) of the excess, if any, of (i) twenty percent (20%) of the Stated Threshold less (ii) the sum of (A) twenty-five percent (25%) of the asset premium (discount) plus (B) twenty-five percent (25%) of the Cumulative Shared-Loss Payments plus (C) the Cumulative Servicing Amount. The Assuming Bank shall deliver to the Receiver not later than 30 days following the True-Up Measurement Date, a schedule, signed by an officer of the Assuming Bank, setting forth in reasonable detail the calculation of the Cumulative Shared-Loss Payments and the Cumulative Servicing Amount.

  • Potential Change in Control A “Potential Change in Control” shall exist during any period in which the circumstances described in paragraphs (a), (b), (c) or (d), below, exist (provided, however, that a Potential Change in Control shall cease to exist not later than the occurrence of a Change in Control): (a) The Company enters into an agreement, the consummation of which would result in the occurrence of a Change in Control, provided that a Potential Change in Control described in this paragraph (a) shall cease to exist upon the expiration or other termination of all such agreements; (b) Any Person (without regard to the exclusions set forth in subsections (i) through (iv) of such definition) publicly announces an intention to take or to consider taking actions the consummation of which would constitute a Change in Control; provided that a Potential Change in Control described in this paragraph (b) shall cease to exist upon the withdrawal of such intention, or upon a determination by the Board that there is no reasonable chance that such actions would be consummated; (c) Any Person becomes the Beneficial Owner, directly or indirectly, of securities of the Company representing 20% or more of either the then outstanding shares of common stock of the Company or the combined voting power of the Company’s then outstanding securities; (d) The Board adopts a resolution to the effect that, for purposes of this Agreement, a Potential Change in Control exists; provided that a Potential Change in Control described in this paragraph (d) shall cease to exist upon a determination by the Board that the reasons that gave rise to the resolution providing for the existence of a Potential Change in Control have expired or no longer exist.

  • Terminating Event A “Terminating Event” shall mean any of the events provided in this Section 3: