Example ContractsClausesTransition Period
Transition Period
Transition Period contract clause examples

Transition Period. With respect to each Transition Service, Provider shall provide or cause to be provided such Transition Service to Recipient during the period (the “Transition Period”) that shall commence on the Effective Date and shall continue for the transition period set forth in each Service Schedule for that Transition Service unless such Transition Service is otherwise terminated by Recipient, or as provided in Section 12 or agreed to in writing by the parties.

Transition Period. From the Effective Date through October 6, 2021 (the “Initial Transition Period”), Executive shall remain employed by the Company on a full-time basis, provided that upon the appointment of Executive’s successor as the Company’s Chief Financial Officer, Executive’s status as the Company’s Chief Financial Officer and as an officer of the Company shall cease and executive hereby resigns from all such offices. From October 7, 2021 through December 31, 2021 (the “Part-Time Transition Period” and together with the Initial Transition Period, the “Transition Period”), Executive shall remain employed by the Company on a part-time basis and shall devote 50% (reduced to 25% following December 9, 2021) of Executive’s full business time and attention to Company duties. During the Transition Period, Executive will perform such duties as may be specified from time to time by the Company’s Chief Executive Officer.

Transition Period. During the period beginning on the date of this Agreement and ending on April 30, 2022 (the “Transition Period”):

Transition Period. As of the Effective Date, the Employee shall remain in the position of Chief Financial Officer (“CFO”) of the Company and will serve in that role until the Separation Date (such period, the “Transition Period”) unless earlier terminated in accordance with this Agreement. Effective as of the Separation Date, the Employee’s employment with the Company shall terminate.

Transition Period. Notwithstanding anything to the contrary in [Sections 13.5.2 through 13.5.12] or elsewhere in this Agreement, Kyorin’s obligations under such Sections will expire in ​ months after the effective date of the termination or upon completion of the transition under the relevant section in Section 13.5, provided that in either case, aTyr will use reasonable efforts to complete the transition as soon as practically possible.

Transition Period. The Advisory Relationship will be deemed to have commenced on the Separation Date and will continue until the date that is one (1) year after the Separation Date; unless the Advisory Relationship is terminated earlier pursuant to Section 3.9 below ( such term of the Advisory Relationship, the “Transition Period”). The Transition Period can only be extended beyond this time period by a writing signed by you and a member of the Company’s executive team.

Transition Period. During the period of time commencing on the Effective Date and ending on the Separation Date (the "Transition Period"), Employee shall remain an employee of the Company and shall retain her title and role as Executive Vice President of Finance.

Transition Period. Following the Transition Date, Executive will remain an employee of the Company through the Effective Date (used here as defined in Section 1(c) below). Executive acknowledges and agrees that, following the Transition Date, the senior most officer of the Company will be the Chief Executive Officer and that, during the period immediately following the Transition Date and ending on the Effective Date (the “Transition Period”), the scope of Executive’s responsibilities will relate to assisting the Chief Executive Officer and the Board with such requests as either deems appropriate in assisting in the transition of the duties and responsibilities of the offices of President and Chief Executive Officer. For the avoidance of doubt, Executive will exercise such responsibilities if and to the extent requested by the Chief Executive Officer or the Board.

Transition Period. Employee’s status as an officer and Chief Accounting Officer of the Company will end on the Effective Date (the “Transition Date”). During the Transition Period, Employee shall serve as an at-will employee reporting to the Chief Financial Officer (the “CFO”) of the Company and Employee shall perform such duties as are reasonably requested by the CFO, including advising the Company’s CFO and be available to respond to requests for information (the “Transition Services”). During the Transition Period, Employee will devote such time and attention during normal business hours to the business and affairs of the Company as is reasonably necessary to perform Employee’s duties.

Transition Period. From the Effective Date until the first anniversary thereof, Dangel shall perform transition services as requested by the Company’s Board or its Chief Executive Officer. Without limiting the foregoing, during such one-year period, Dangel shall cooperate with the Company in the transition of his responsibilities to other officers and shall undertake all actions in connection therewith reasonably requested by the Company. The Parties agree that such services shall be nominal and primarily require information exchanges, introductions to third parties and responses to other requests that can generally be handled remotely by Dangel. Dangel agrees and covenants that, he shall, to the extent reasonably requested in writing by the Company, cooperate in good faith with and assist the Company in the pursuit or defense of any claim, administrative charge, or cause of action by or against the Company or any of its subsidiaries or affiliates as to which Dangel, by virtue of his employment with the Company, has relevant knowledge or information, including by acting as the Company’s representative in any such proceeding and, without the necessity of a subpoena, providing truthful testimony in any jurisdiction or forum. The Company shall reimburse Dangel for his reasonable out-of-pocket expenses in complying with this Section.

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