TERM OF GRANT. Subject to the provisions of Section 2(a), the Options subject to in this Agreement shall expire on the tenth anniversary following the date of this Agreement, except in (a) the case of death or Disability, in which case the Options subject to this Agreement terminate on the first anniversary of the date of death or Disability, and (b) the case of Grantees who have not been employed at least five years as of the date of a Termination Event, as defined below, in which case the Options subject to this Agreement terminate on the Termination Date, also defined below.
TERM OF GRANT. The Option granted pursuant to this Agreement shall expire, terminate and be cancelled 10 years from the Grant Date, unless such Option has expired, terminated and been cancelled earlier as set forth herein.
TERM OF GRANT. The Options granted in this Agreement shall expire 10 years from the Closing Date. In the event that the employment of the Grantee terminates, unless a Notice of Exercise has been given to the Company from the Grantee, all vested Options shall expire on the first anniversary after termination of employment, except in the case of (i) termination of the Grantee’s employment with the Company or any of its Subsidiaries for Cause, or resignation by the Grantee without Good Reason, in which case the vested Options would terminate upon such termination or resignation, or (ii) death or Disability, in which case the vested Options would terminate on the first anniversary of the date of death or Disability. Any Options which are unvested at the date of termination of employment will expire on the date of termination, and shall be forfeited. Further, any part of an Option that is vested (but not exercised) as of the Termination Date, if the Termination Event was a termination by the Company or any of its Subsidiaries for Cause at any time or a resignation by the Grantee without Good Reason will be forfeited and there shall be no settlement with respect thereto.
TERM OF GRANT. The Options subject to in this Agreement shall expire 10 years from the Grant Date. In the event that the employment of the Grantee terminates, unless a Notice of Exercise has been given to the Company from the Grantee, all vested Options shall expire on the 30th day after termination of employment, except in the case of death or Disability, in which case the vested Options would terminate on the first anniversary of the date of death or Disability. Any Options which are unvested at the date of termination of employment will expire on the date of termination, and shall be forfeited.
TERM OF GRANT. Contract Agreement
TERM OF GRANT. It is the present intention of Xxxxx Philanthropies, Inc. to make distributions in the amounts and for the years shown in the preamble to this Agreement. Xxxxx Philanthropies, Inc. may unilaterally change the amount to be distributed in any year or terminate the Grant at any time and make no further distributions.
TERM OF GRANT. The license granted under Section 2.1 shall remain in full force and effect until the date which is the twenty-fifth (25th) anniversary of the Original Effective Date, unless this Agreement is terminated earlier pursuant to Article 11.
TERM OF GRANT. The term of this Agreement will commence on the Effective Date of this Agreement (unless a different date is set forth on the Signature Page) and will expire five (5) years after Final Approval and Acceptance, unless terminated earlier as provided herein (the “Term”). All milestones to be performed under this Grant shall be completed by the Expected Completion Date set forth in the Agreement. Should an extension be required to complete work called for in the Proposal, Grantee shall provide a written request prior to expiration of the Milestone.
TERM OF GRANT. The term of the Grant shall commence on the Effective Date (as defined below) and shall end on the Expiration Date identified in the Grant, subject to the other provisions of the Grant. The Effective Date shall be fixed by the Granting Officer after the Grant has been fully executed by the Grantee and by the Commonwealth and all approvals required by Commonwealth Granting procedures have been obtained. The Grant shall not be a legally binding Grant until after the Effective Date is affixed and the fully-executed Grant has been sent to the Grantee. The Granting Officer shall issue a written Notice to Proceed to the Grantee directing the Grantee to start performance on a date which is on or after the Effective Date. The Grantee shall not start the performance of any work prior to the date set forth in the Notice to Proceed and the Commonwealth shall not be liable to pay the Grantee for any service or work performed or expenses incurred before the date set forth in the Notice to Proceed. No agency employee has the authority to verbally direct the commencement of any work under this Grant. The Commonwealth reserves the right, upon notice to the Grantee, to extend the term of the Grant for up to three (3) months upon the same terms and conditions. This will be utilized to prevent a lapse in Grant coverage and only for the time necessary, up to three (3) months, to enter into a new Grant.
TERM OF GRANT. This Agreement shall become effective on the date that it is fully executed by all required parties and shall terminate on June 30, 2023, unless terminated earlier in accordance with the terms thereof. The grant funds shall be used to defray program costs incurred from 7/1/2022 to 6/30/2023.
