Example ContractsClausesEffective Period and Termination
Effective Period and Termination
Effective Period and Termination contract clause examples
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Effective Date. The effective date of this Agreement (the "Effective Date") shall be the date on which # a Potential Change of Control occurs, # the Company’s shareholders approve a plan of complete liquidation or dissolution of the Company, # a Change of Control occurs pursuant to [Section 2(a)(1) or (2)])] below, or # a definitive agreement is signed by the Company which provides for a transaction that, if approved by shareholders or consummated, as applicable, would result in a Change of Control pursuant to [Section 2(a)(3) or (4)])] below; provided, however, that any of the foregoing which may have occurred prior to the date hereof shall be disregarded. Anything in this Agreement to the contrary notwithstanding, if, prior to the Effective Date, the Executive's employment with the Company or its Affiliated Companies was terminated by the Company or its Affiliated Companies, or both, as applicable, other than for Cause or Disability (each as defined below) or by the Executive for Good Reason (as defined below) and the Executive can reasonably demonstrate that such termination (or the event constituting Good Reason) took place # at the request or direction of a third party who took action that caused a Potential Change of Control or # in contemplation of an event that would give rise to an Effective Date, an Effective Date will be deemed to have occurred (“Deemed Effective Date”) immediately prior to the Date of Termination (as defined in [Section 6(e)] below), provided that a Change of Control occurs within a six-month period following such Date of Termination. As used in this Agreement, the term "Affiliated Companies" shall include any corporation or other entity controlled by, controlling or under common control with the Company and the term “Subsidiary” shall mean # any corporation or other entity (other than the Company) with respect to which the Company owns, directly or indirectly, 50% or more of the total combined voting power of all classes of stock or other ownership interests or # any other related entity which may be designated by the Board as a Subsidiary, provided such entity could be considered a subsidiary according to generally accepted accounting principles.

Effective Date. Verizon Communications Inc., a Delaware corporation (the “Company”), hereby adopts this Verizon Communications Inc. Short-Term Incentive Plan (the “Plan”) effective as of January 1, 2019 (the “Effective Date”). The Company previously maintained a Short-Term Incentive Plan which was last amended and restated, and approved by the Company’s shareholders, in 2009 (the “Prior Plan”). The Prior Plan was terminated effective as of January 1, 2019; provided that such termination has no impact on awards granted under the Prior Plan prior to that date (i.e., Prior Plan awards with respect to performance periods ending on or before December 31, 2018).

Effective Date. The effective date of this Award is the date indicated in Paragraph 1 hereof, being the date of the execution hereof by the Company.

Effective Date. The effective date of the Plan is July 15, 1994. The Plan was previously amended and restated effective as of January 1, 2005. The effective date of this amended and restated Plan is October 28, 2021.

Effective Date. Employee understands that this Agreement shall be null and void if not executed by Employee within twenty-one (21) days. Employee has seven (7) days after Employee signs this Agreement to revoke it. This Agreement will become effective on the eighth (8th) day after Employee signed this Agreement, so long as it has been signed by the parties and has not been revoked by Employee before that date (the “Effective Date”).

Effective Date. The “Effective Date” of this Plan Statement is January 1, 2022, except as otherwise provided.

This Amendment is designated as a Transaction Document.

Effective Date. The effective date of this Note shall be the date that [[Organization B:Organization]] has accepted this Note and all conditions to the effectiveness of the Credit Agreement have been fulfilled to [[Organization B:Organization]]’s satisfaction. Notwithstanding the occurrence of the effective date of this Note, [[Organization B:Organization]] shall not be obligated to extend credit under this Note until all conditions to each extension of credit set forth in the Credit Agreement have been fulfilled to [[Organization B:Organization]]’s satisfaction.

Effective Date. The Plan was adopted by the Board effective as of the Effective Date.

EFFECTIVE DATE. This Plan was approved by the Committee and the Board on October 4, 2013, to be effective as of October 24, 2013. The Plan was amended by the Committee on February 17, 2016 and further amended and restated by the Committee on February 21, 2023.

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