Term Certain Sample Clauses
A Term Certain clause defines a fixed duration for an agreement or obligation, specifying that it will remain in effect for a predetermined period. In practice, this means that the contract or arrangement cannot be terminated early by either party except under specific, predefined circumstances, and all rights and duties continue until the end date. This clause provides certainty and stability by ensuring both parties know exactly how long their commitments will last, thereby reducing ambiguity and the risk of unexpected termination.
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Term Certain. A term certain position is a position with a fixed start and a fixed or anticipated ending date.
Term Certain. ▇▇▇▇▇ mean an Employee who is appointed to a position that is greater than sixty (60) working days and has a definite time period of appointment not to exceed twenty (20) months. A term-certain Employee may be either full-time or part-time.
Term Certain. As the execution of this Agreement triggers the reallocation of M4E’s staff and resources, the Company may not terminate or cancel this Agreement prior to the expiration of the Term set forth in Section 13(a) herein.
Term Certain. A retirement allowance of lesser amount, payable to the Member for his life and in the event of his death within a period of 5, 10 or 15 years after his retirement (whichever period shall be specified by the Member in his election, and provided that such period shall not exceed the maximum period permitted under applicable Treasury regulations issued under section 401(a)(9) of the Internal Revenue Code), the same lesser amount shall be payable for the remainder of such period to a survivor designated by him. If the last designated beneficiary under this option is not alive at the time of the Member's death, the balance of the payments for the specified term, if any, commuted to a lump sum on the basis of an interest rate of 3% per annum, compounded annually, is paid to the Member's estate; if the last designated beneficiary survives the Member but dies before receiving the entire balance of the payments, the part of the balance still unpaid commuted to a lump sum on the basis of an interest rate of 3% per annum, compounded annually, shall be paid to such beneficiary's estate.
Term Certain i. Full-time term certain appointments may be made to replace full-time regular faculty on professional leave or leave of absence, for programs whose ongoing enrolment is uncertain, or for programs that have not been permanently funded or given ongoing approval by the Alberta Government Ministry responsible for Post-Secondary institutions. Full- time term certain appointments may be made for other reasons only with the approval of the ▇▇▇▇.
ii. All term certain appointments automatically terminate at the time designated in the letter of appointment.
Term Certain. Faculty Members whose appointment extends beyond two academic years or longer may participate in the Peer Observation and Feedback process.
10.5 PROCEDURE FOR CONTINUING FULL TIME AND CONTINUING PART TIME EMPLOYEES
10.5.1 Each Continuing Full Time and Continuing Part Time Employee will be evaluated at least every third (3rd) year by peer evaluation under Article
Term Certain. Subject to the provisions of Section 4.10, payment of the vested accrued benefit to him in approximately equal monthly installments over a whole number of years not exceeding the life expectancy of the participant or the joint life expectancy of the participant and his designated beneficiary.