Non-term contracts can be terminated
if both parties consent to termination, one party gives notice of termination at least one month in advance and not exceeding three months or if one party unilaterally acts to terminate but bears consequences of early termination.
Alternatively, if a contract does not contain any contractually agreed termination rights (or if the contract fails to provide that it may be terminated
without a court order), a party wishing to terminate the contract is required to seek the consent of the court.
It improves financial reporting by (a) adopting for all voluntary termination benefits recognition requirements similar to those in NCGA Interpretation 8, (b) establishing guidance applicable to involuntary termination benefits that requires governments, in financial statements prepared on the accrual basis of accounting, to account for the effects of termination benefits in the period in which the employer becomes obligated to provide benefits to terminated
employees, and (c) elaborating on measurement issues associated with all forms of termination benefits.
The House Internal Security Committee -- terminated
They can even be connected to the 50-pin connector if the upper byte is terminated
Where the broker's employment is properly and timely terminated
, the principal bears no liability for a commission even if the sale or lease is ultimately consummated with a prospect introduced by the broker.
The party seeking to terminate the contract then deems the contract terminated
The IRS concluded that the business was a corporation for income tax purposes, even though its status was terminated
by the state; thus, it would treat the company's S election as timely if filed within 60 days of the ruling.
Mourad argued the gain should have been reported by V&M, not by him, since V&M's filing for bankruptcy had terminated
its status as an S corporation.
Written agreement dated September 29, 2000 Terminated
October 29, 2004
Contractually there wasn't cause, but there were plenty of valid reasons why he was terminated
,'' Snow said.
Customers that are terminated
, professionally and with care, may not be happy at the time, but the long-term effects are generally positive.