Opportunity to Cure definition

Opportunity to Cure means that if Key Employee intends to terminate employment for Good Reason, then Key Employee shall give thirty (30) days written notice to Employer of Key Employees' intention to terminate employment for Good Reason. During such thirty (30) day period Employer may, at Employer's option, correct the occurrence of a Good Reason by compensating Employee or by taking such other action as would eliminate the existence of Good Reason as defined above.
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Opportunity to Cure or “Opportunity to Correct” shall mean ten (10) calendar days unless some other time period is contained in this chapter, the Franchise Agreement, or is agreed to between Grantor and Grantee.
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Examples of Opportunity to Cure in a sentence

  • For the violation of any of the following material provisions of this Renewal License, liquidated damages shall be paid by the Licensee to the Town, subject to Section 9.8 (Notice and Opportunity to Cure) above.

  • Any such liquidated damages shall be assessed as of the date that the Licensee receives written notice, by certified mail, pursuant to Section 9.8 (Notice and Opportunity to Cure) above, of the provision(s) which the Issuing Authority believes to be in default, unless cured pursuant to Section 9.8 (Notice and Opportunity to Cure) above.

  • Opportunity to Cure: The party accused of breach shall have an opportunity to cure the alleged breach within the timeframe provided in the Notice to Cure.

  • Opportunity to Cure (General Provision) - The VCTC in its sole discretion may, in the case of a termination for breach or default, allow the Contractor [an appropriately short period of time] in which to cure the defect.

  • After Notice and Opportunity to Cure Except as provided in the foregoing paragraphs and of this Section, Licensee shall have sixty (60) days after its receipt from Licensor of a written notice of termination within which to remedy any default hereunder (or, if the default cannot reasonably be cured within such sixty (60) days, to initiate within that time substantial and continuing action to cure the default), and to provide evidence thereof to Licensor.

  • The parties expressly agree that notwithstanding anything to the contrary contained in this Agreement, no condition, failure, breach or event shall be a deemed an Event of Default (“Event of Default”) under this Agreement until and unless the defaulting/breaching party shall have been given the required Written Notice and Opportunity to Cure which shall be at least thirty (30) days as provided above.

  • Default Including Opportunity to Cure In the event that the School should default under any provision hereto, absent any circumstance permitting immediate termination, the School shall have thirty (30) days from written notice of default to cure, unless otherwise agreed to by the parties in writing.

  • Upon Covered Entity's knowledge of a material breach or violation(s) of any of the obligations under this Agreement by Business Associate, Covered Entity shall, at its discretion, either: Opportunity to Cure.

  • Remedies [I/T/U] Notice and Opportunity to Cure In the event of a breach of the Contract, the non-breaching party must notify the breaching party of the breach in writing.

  • Opportunity to Cure 273 274 Prior to the exercise of the Agency’s right to terminate for cause, the 275 terminating party shall give the other party at least thirty (30) days written 276 notice (“correction period of the defined term”)specifying in reasonable 277 detail the grounds for termination and all deficiencies requiring correction, 278 and shall allow the other party the opportunity to cure.