Tolling Contract Clauses (180)

Grouped Into 10 Collections of Similar Clauses From Business Contracts

This page contains Tolling clauses in business contracts and legal agreements. We have organized these clauses into groups of similarly worded clauses.
Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation.
Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation.
Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation.
Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation.
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Tolling. In the event of any violation of the provisions of this Agreement, Executive acknowledges and agrees that the post- termination restrictions contained in this Agreement shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination restriction period shall be tolled during any period of such violation.
Tolling. In the event of any violation of the provisions of this Agreement, Section 6 through Section 12, the Executive acknowledges and agrees that the post- termination post-termination restrictions contained in this Agreement Section 6 through Section 12 shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination restriction period shall be tolled during any period of such violation.
Tolling. In the event of any violation of the provisions of this Agreement, Section 6, Section 7, or Section 8, the Executive acknowledges and agrees that the post- termination post-termination restrictions contained in this Agreement such sections that are the subject of the violation shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto that the running of the applicable post-termination restriction period shall be tolled during any pe...riod of such violation. View More
Tolling. In the event of any violation of the provisions of this Agreement, Section 9 of the Employment Agreement (and by incorporation herein, Section 9 hereof), the Executive acknowledges and agrees that the post- termination post-termination restrictions contained in this Agreement Section 9 shall be extended by a period of time equal to the period of such violation, it being the intention of the parties hereto Parties that the running of the applicable post-termination restriction period shall be tol...led during any period of such violation. View More
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Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation. 17 22. Section 409A. This Agreement is intended to comply with Section 409A or an exemption thereunder and shall be construed and administered in accordance with Section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement ma...y only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments to be made under this Agreement upon a termination of employment shall only be made upon a "separation from service" under Section 409A. Notwithstanding the foregoing, the Company makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall the Company be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with his termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A and the Executive is determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of the Termination Date (the "Specified Employee Payment Date"). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule. View More
Tolling. Should If the Executive violate violates any of the terms of the restrictive covenant post-termination obligations articulated herein, in this Agreement, the obligation at issue will run from the first date on which the Executive ceases to be in violation of such obligation. 17 22. 14 21. Section 409A. This Agreement is intended to comply with Section 409A or an exemption thereunder of the Internal Revenue Code of 1986, as amended (Section 409A), including the exceptions thereto, and shall be co...nstrued and administered in accordance with Section 409A. such intent. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section 409A either as separation pay due to an involuntary separation from service service, as a short-term deferral, or as a short-term deferral settlement payment pursuant to a bona fide legal dispute shall be excluded from Section 409A to the maximum extent possible. For purposes of Section 409A, each any installment payment payments provided under this Agreement shall each be treated as a separate payment. Any To the extent required under Section 409A, any payments to be made under this Agreement upon in connection with a termination of employment shall only be made upon if such termination constitutes a "separation " separation from service" under Section 409A. Notwithstanding the foregoing, the Company Group makes no representations that the payments and benefits provided under this Agreement comply with Section 409A and in no event shall the Company Group be liable for all or any portion of any taxes, penalties, interest interest, or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A. Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with his termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section 409A and the Executive is determined to be a "specified employee" as defined in Section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to occur following the six-month anniversary of the Termination Date (the "Specified Employee Payment Date"). The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule. View More
Tolling. Should the Executive violate any of the terms of the restrictive covenant obligations articulated herein, the obligation at issue will run from time period for compliance with such obligations shall be tolled for the full period in which the Executive is in violation of such obligations, with the tolled period to be added to the period of time remaining following the first date on which the Executive ceases to be in violation of such obligation. 17 22. 21 20. Code Section 409A. 20.1 This Agreeme...nt is intended to comply with Section Code section 409A or an exemption thereunder and shall be construed and administered in accordance with Section Code section 409A. Notwithstanding any other provision of this Agreement, payments provided under this Agreement may only be made upon an event and in a manner that complies with Section Code section 409A or an applicable exemption. Any payments under this Agreement that may be excluded from Section Code section 409A either as separation pay due to an involuntary separation from service or as a short-term deferral shall be excluded from Section Code section 409A to the maximum extent possible. 20.2 For purposes of Section Code section 409A, each installment payment provided under this Agreement shall be treated as a separate payment. Any payments 20.3 For purposes of this Agreement, any reference to "termination" of Executive's employment or similar term shall be interpreted consistent with the meaning of the term "separation from service" in Code section 409A(a)(2)(A)(i) and no portion of any benefits payable to Executive on account of any such "termination" shall be paid prior to the date such Employee incurs a separation from service under Code section 409A(a)(2)(A)(i). 20.4 Notwithstanding any other provision of this Agreement, in the event any payment is to be made under this Agreement upon during a termination specified time period following the expiration of employment the Release Execution Period and the time period for such payment begins in one calendar year and ends in a second calendar year, then such amount shall only be made upon a "separation from service" under Section 409A. Notwithstanding payable in the foregoing, the Company makes no representations that the payments second calendar year. 20.5 All reimbursements and in-kind benefits provided under this Agreement comply shall be made or provided in accordance with Section the requirements of Code section 409A and to the extent that such reimbursements or in-kind benefits are subject to Code section 409A. All expenses or reimbursements paid pursuant to this Agreement that are taxable income to the Executive shall in no event be paid later than the end of the calendar year next following the calendar year in which the Employee incurs such expense or pays the related tax. With regard to any provision in the Agreement for the right to reimbursement or in-kind benefits, such right shall not be subject to liquidation or exchange for another benefit, the Company amount of expenses eligible for reimbursements or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be liable for all provided in any other taxable year; provided that the foregoing clause shall not be violated with regard to expenses reimbursed under any arrangement covered by Code section 105(b) solely because such expenses are subject to a limit related to the period the arrangement is in effect, and such payments shall be made on or any portion before the last day of any taxes, penalties, interest or other expenses that may be incurred by the Executive on account of non-compliance with Section 409A. Employee's taxable year following the taxable year in which the expense was incurred. 20.6 Notwithstanding any other provision of this Agreement, if any payment or benefit provided to the Executive in connection with his termination of employment is determined to constitute "nonqualified deferred compensation" within the meaning of Section Code section 409A and the Executive is determined to be a "specified employee" as defined in Section Code section 409A(a)(2)(b)(i), then such payment or benefit shall not be paid until the first payroll date to 22 occur following the six-month anniversary of the Termination Date (the "Specified Employee Payment Date"). Date"), unless the payment otherwise satisfies the short-term deferral exemption or another exemption under Code section 409A. The aggregate of any payments that would otherwise have been paid before the Specified Employee Payment Date shall be paid to the Executive in a lump sum on the Specified Employee Payment Date and thereafter, any remaining payments shall be paid without delay in accordance with their original schedule. 20.7 Notwithstanding the foregoing, the MHC and the Bancorp make no representations that the payments and benefits provided under this Agreement comply with Code section 409A and in no event shall the MHC or the Bancorp be liable for all or any portion of any taxes, penalties, interest or other expenses that may be incurred by the Executive on account of non-compliance with Code section 409A. View More
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Tolling. If Executive violates any of the restrictions contained in Sections 9 through 16, then notwithstanding any provision hereof to the contrary, the restrictive period will be suspended and will not run in favor of Executive from the time of the commencement of any such violation, unless and until such time when the Executive cures the violation to the reasonable satisfaction of the Company. 13 18. Reformation. If a court or arbitrator rules that any time period or the geographic area specified in a...ny restrictive covenant in Sections 9 through 16 is unenforceable, then the time period will be reduced by the number of months, or the geographic area will be reduced by the elimination of such unenforceable portion, or both, so that the restrictions may be enforced in the geographic area and for the time to the full extent permitted by law. View More
Tolling. If Executive violates any of the restrictions contained in Sections 9 10 through 16, then notwithstanding any provision hereof to the contrary, 16 of this Agreement, the restrictive period will be suspended and will not run in favor of Executive from the time of the commencement of any such violation, unless and violation until such the time when the Executive cures the violation to the Company's reasonable satisfaction of the Company. 13 18. satisfaction. Exhibit 10.118. Reformation. If a court... of competent jurisdiction or arbitrator rules concludes that any time period or the geographic area specified in any restrictive covenant in Sections 9 10 through 16 of this Agreement is unenforceable, then the time period will be reduced by the number of months, or the geographic area will be reduced by the elimination of such unenforceable portion, or both, so that the restrictions may be enforced in the geographic area and for the time to the full extent permitted by law. View More
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Tolling. If Executive violates any of the restrictions contained in Sections 10 through 16 of this Agreement, the restrictive period will be suspended and will not run in favor of Executive from the time of the commencement of any violation until the time when the Executive cures the violation to the Company's reasonable satisfaction.
Tolling. If Executive violates any of the restrictions contained in Sections 10 11 through 16 17 of this Agreement, the restrictive period will be suspended and will not run in favor of Executive from the time of the commencement of any violation until the time when the Executive cures the violation to the Company's reasonable satisfaction.
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Tolling. In the event I violate one of the time-limited restrictions in this Agreement, I agree that the time period for such violated restriction shall be extended by one day for each day I have violated the restriction, up to a maximum extension equal to the length of the original period of the restricted covenant.
Tolling. In the event I violate Executive violates one of the time-limited restrictions in this Agreement, I agree Executive agrees that the time period for such violated restriction shall be extended by one day for each day I he/she have violated the restriction, up to a maximum extension equal to the length of the original period of the restricted covenant.
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Tolling. If Executive is found to have breached any promise made in Sections 1 or 4 of this Agreement, the Non-Compete or Non-Solicit Period (as applicable) of this Agreement shall be extended by one (1) month for each month in which Executive was in breach so the Company has the benefit of the entire Non-Compete or Non-Solicit Period.
Tolling. If Executive is found to have breached any promise made in Sections 1 or 4 of this Agreement, the Non-Compete or Non-Solicit Period (as applicable) of this Agreement shall be extended by one (1) month for each month in which Executive was in breach so the Company and/or Concho has the benefit of the entire Non-Compete or Non-Solicit Period.
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Tolling. In the event Employee breaches any or all subparagraphs of Paragraph 5 of this Agreement and the Company seeks injunctive relief to enforce those provisions, the time period for Employee's obligations will be extended by one day for each day Employee's violation thereof, up to a maximum of two (2) years, or to the extent permitted by law.
Tolling. In the event Employee breaches any or all subparagraphs of Paragraph 5 of this Agreement and the Company seeks injunctive relief to enforce those provisions, the time period for Employee's obligations will be extended by one day for each day Employee's violation thereof, up to a maximum of two (2) years, one (1) year, or to the extent permitted by law.
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Tolling. If Executive violates any of the restrictions contained in Sections 13 through 16, the Restricted Period shall be suspended and shall not run in favor of Executive from the time of the commencement of any violation until the time when Executive cures the violation to the satisfaction of Employer; the period of time in which Executive is in breach shall be added to the Restricted Period.
Tolling. If Executive violates any of the restrictions contained in Sections 13 through 16, the Non-Solicit Restricted Period and the Non-Compete Restricted Period shall be suspended and shall not run in favor of Executive from the time of the commencement of any violation until the time when Executive cures the violation to the satisfaction of Employer; the period of time in which Executive is in breach shall be added to the Non-Solicit Restricted Period and Non-Compete Restricted Period.
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Tolling. If Employee violates any of the restrictions contained in Sections 10 through 12, then notwithstanding any provision hereof to the contrary, the restrictive period will be suspended and will not run in favor of Employee from the time of the commencement of any such violation, unless and until such time when Employee cures the violation to the reasonable satisfaction of the Board or the Compensation Committee.
Tolling. If Employee violates any of the restrictions contained in Sections 10 8 through 12, 12 or Section 17, then notwithstanding any provision hereof to the contrary, the restrictive restricted period will be suspended and will not run in favor of Employee from the time of the commencement of any such violation, unless and until such time when Employee cures the violation to the reasonable satisfaction of the Board or the Compensation Committee.
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