Commencement Date Delay. Except as otherwise provided in the Lease, Delivery of the Premises shall occur when Landlords Work has been Substantially Completed, except to the extent that completion of Landlords Work shall have been actually delayed by any one or more of the following causes (Tenant Delay):
Benefit Commencement Date Subject to any delay in accordance with [Section 39], benefits under this Plan commence on the Participant's Benefit Commencement Date
Payment Commencement Date. Payments of Deferred Compensation and earnings thereon shall commence on or within two business days after the first business day of the first calendar quarter beginning after the earlier of the date the Participant elected to receive payment in accordance with [Section 4] or the date the Participant ceases to be a Director. Notwithstanding a Participant’s manner of payment election hereunder, if a Participant ceases to be a Director as a result of the Participant’s death, the Company shall pay to the Participant’s beneficiary or beneficiaries a lump sum on the first business day of the first calendar quarter beginning after the Participant’s death.
Required Commencement Date. A Participants entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participants Required Commencement Date.
Phase 1 Commencement Date. The Commencement Date of the Lease for the Phase 1 Expansion Space shall be the earlier of # receipt of a certificate of occupancy for the Phase 1 Expansion Space; or # . Upon execution of this Third Addendum and ’s delivery of the Phase 1 Expansion Space to , the Premises (as that term is used in the Lease) shall contain 68,962 rentable square feet of Floor Area.
Term Commencement Date Letter. Upon Landlords request, Tenant shall promptly execute and return to Landlord a Term Commencement Date Letter in the form attached hereto as [Exhibit C] in which Tenant shall agree, among other things, to acceptance of the Premises and to the determination of the Term Commencement Date, in accordance with the terms of this Lease, but Tenants failure or refusal to do so shall not negate Tenants acceptance of the Premises or affect determination of the Term Commencement Date. Should Tenant fail to execute and return the Term Commencement Date Letter within thirty (30) days after Landlords request, the information set forth in such letter provided by Landlord shall be conclusively presumed to be agreed and correct.
The “Term Commencement Date” shall be the earlier of # the Estimated Term Commencement Date and # the day the work required of Tenant (the “Tenant Improvements”) described in the Work Letter set forth in [Exhibit B] attached hereto (the “Work Letter”) is Substantially Complete (as defined below). Tenant shall execute and deliver to Landlord written acknowledgment of the actual Term Commencement Date and the Term Expiration Date within ten (10) days after Tenant takes occupancy of the Premises, in the form attached as [Exhibit C] hereto. Failure to execute and deliver such acknowledgment, however, shall not affect the Term Commencement Date or Landlord’s or Tenant’s liability hereunder. Failure by Tenant to obtain validation by any medical review board or other similar governmental licensing of the Premises required for the Permitted Use by Tenant shall not serve to extend the Term Commencement Date. The term “Substantially Complete” or “Substantial Completion” means that the Tenant Improvements are substantially complete in accordance with the Approved Plans (as defined in the Work Letter), except for minor punch list items.
Obligation Well Commencement Date. Farmor and Farmee shall each use commercially reasonable efforts # to cause operations in anticipation of drilling of the Obligation Well to commence on a date that would allow the drilling rig to commence actual drilling operations on or before , and # thereafter to cause the Obligation Well to be drilled
“Vesting Service” shall mean # for an Employee with no Reemployment Commencement Date, the period (calculated in years and daily fractions thereof) commencing with the Employee’s Employment Commencement Date and ending upon the date of the Employee’s Separation from Service, and # for an Employee with a Reemployment Commencement Date, the aggregate of # the period commencing with the Employee’s most recent Reemployment Commencement Date plus # the Vesting Service as defined in the Savings Plan for time periods prior to such Reemployment Commencement Date.
Abatement Period: the period beginning on the Lease Commencement Date and ending on the Rent Commencement Date.
Rent Commencement Date: the earlier of # or # the date that is eighteen (18) months after the Lease Commencement Date.
Proposed Sublease Commencement Date: the anticipated commencement date of the proposed assignment, subletting or other transaction by Tenant.
Death Benefit Prior to Commencement If a Participant dies before his or her Benefit Commencement Date, a death benefit shall be paid to the Participant's Eligible Spouse or, if none, the Participant's Designated Beneficiary only if the Participant's Eligible Spouse or Designated Beneficiary would have been eligible for a death benefit under [Section 42] of the Qualified Plan, or any successor provision If the Participant's Eligible Spouse or Designated Beneficiary is eligible for a death benefit under this Plan, the amount of such death benefit and the commencement of any such benefit shall be as set forth in this [Section 4.1].
Form and Commencement of Benefit The Death Benefit payable under this [Article 4] will be paid for a period of 120 months and the first payment shall be made within 90 days of the Participant's death.
Restriction on Commencement of Distributions. Notwithstanding any provision of this Agreement to the contrary, if the Executive is considered a Specified Employee at the time of Separation from Service, the provisions of this Section shall govern all distributions hereunder. Distributions which would otherwise be made to the Executive due to Separation from Service shall not be made during the first six (6) months following Separation from Service. Rather, any distribution which would otherwise be paid to the Executive during such period shall be accumulated and paid to the Executive in a lump sum on the first day of the seventh month following Separation from Service, or if earlier, upon the Executive’s death. All subsequent distributions shall be paid as they would have had this Section not applied.
Term. The term of this Sublease (the Term) shall commence on , or upon such later date as substantial completion of the Tenant Improvements occurs, both subject to Sublandlord obtaining a Certificate of Occupancy or equivalent government approval for occupancy of the Premises (the Commencement Date) and shall expire on the last day of the thirty-sixth (36th) full calendar month following the Commencement Date (the Expiration Date). The date this Sublease actually terminates is referred to herein as the Termination Date. Promptly after the determination of the Commencement Date, Sublandlord and Subtenant shall execute and deliver a commencement letter in a form prepared by Sublandlord (the Commencement Letter) in the form attached as [Exhibit C]. Subtenants failure to execute and return the Commencement Letter, or to provide written objection to the statements contained in the Commencement Letter, within 10 days after the date of receipt the Commencement Letter shall be deemed an approval by Subtenant of the statements contained therein.
This option will become exercisable (vest) as to 25% of the original number of Shares on the first anniversary of the Vesting Commencement Date (as defined below) and as to an additional 6.25% of the original number of Shares at the end of each successive quarter following the first anniversary of the Vesting Commencement Date until the fourth anniversary of the Vesting Commencement Date. On the fourth anniversary of the Vesting Commencement Date, this option will be exercisable as to all Shares. For purposes of this Agreement, Vesting Commencement Date shall mean .
Commencement of Purchases of Common Stock. After the Commencement Date (as defined below), the purchase and sale of Purchase Shares hereunder shall occur from time to time upon written notices by the Company to the Buyer on the terms and conditions as set forth herein following the satisfaction of the conditions (the Commencement) as set forth in [Sections 6 and 7]7] below (the date of satisfaction of such conditions, the Commencement Date).
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