Status Changes Sample Clauses
The Status Changes clause defines the procedures and requirements that must be followed when there is a change in the status of a party involved in an agreement, such as a merger, acquisition, insolvency, or change of control. Typically, this clause outlines the obligations to notify the other party of such changes and may specify the consequences, such as the right to terminate the contract or renegotiate terms. Its core practical function is to ensure transparency and protect the interests of all parties by addressing how significant organizational changes can impact contractual relationships.
Status Changes. The Policyholder/Insured Person must notify the Company forthwith of any change in respect of the information provided in his application for this Policy including but not limited to the name and address of the OEI. In the event of failure to provide prompt notification, the Company reserves the right to refuse or invalidate all claims under this Policy.
Status Changes. SECTION 13.1 Transfers - Employees may be transferred under the following circumstances:
X. Xx a voluntary basis to fill a vacant position under Section 2.7 and 2.8.
B. If there are no volunteers in A above, the Town may transfer the least senior qualified employee.
C. In lieu of layoff, an employee may transfer to a vacant position which he or she is qualified to fill if the town is accepting applications for the position.
Status Changes. If Subscriber's status with respect to any of the above statements is affected or changed in any way, Subscriber shall immediately notify SmartCharts in writing of such change. In addition to any other remedies available to SmartCharts, Subscriber shall be liable to SmartCharts and the Data Providers for the difference between any Fees paid by the Subscriber as a Non-Professional Subscriber and the Fees applicable to Professional Subscribers for the same type of Services. Further, Professional Subscribers who identify themselves as Non-Professional Subscribers will have their Customer Account cancelled by SmartCharts and risk further action by appropriate regulators and exchanges, including professional exchange fee penalties.
Status Changes. Each Department will notify the Chief Shop Xxxxxxx and the Union of any change in the employment status of any employee covered by this agreement, within seven (7) days of the change, or upon request.
Status Changes. (1) New Hires. There is no waiting period for use of PTO or EIB.
(2) Change from benefit to part time non benefit status: PTO balance will be paid off.
(3) Change from benefit status or part time non benefit status to per diem: Both PTO and EIB will be paid off if applicable under §11 above.
Status Changes. If an employee changes from full-time to part-time or part-time to full-time during the fiscal year, their vacation hours are prorated for that fiscal year.
Status Changes. If a Status Change occurs, Seller shall make a payment to Buyer with respect thereto as, to the extent and at the times provided in this Section 4.25.
(a) The following capitalized terms have the meanings specified below:
Status Changes. The Provider shall inform the District of any and all circumstances which may impede the progress of the work or inhibit the performance of the Agreement, including but not limited to Bankruptcy, dissolution, liquidation, merger, sale of business, or assignment. The District shall inform the Provider of any and all circumstances which may impede the progress of the work or inhibit the performance of this agreement, including but not limited to decrease in funding from the state or federal funding source.
Status Changes. Subscriber agrees to submit all status changes promptly to HIS for input. HIS assumes no liability for incorrect data.
Status Changes. Employees who change status (i.e., part-time to full-time) during their probationary period shall be required to complete the remainder of the probationary period in their new status before successfully passing their probationary period.