Unforeseen Personal Hardship Sample Clauses

Unforeseen Personal Hardship. If the Employee, prior to a Public Offering and still in the employment of the Company, experiences Unforeseen Personal Hardship, the Board will carefully consider any request by the Employee that the Company repurchase the Employee’s Shares at the Purchase Price, but the Company shall have no obligation to do so.
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Unforeseen Personal Hardship. In the event that the Employee, ---------------------------- while in the employment of the Company or any Subsidiary, experiences Unforeseen Personal Hardship, the Board will carefully consider any request by the Employee that the Company repurchase the Employee's Shares, but the Company shall have no obligation to repurchase such Shares. The Board shall consider such request with re spect to Unforeseen Personal Hardship as soon as practicable after receipt by the Company of a written request by the Employee, such request to include sufficient details of the Employee's Unforeseen Personal Hardship to permit the Board to review the request and the circumstances in an informed manner.
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Unforeseen Personal Hardship. If the Employee, prior to a Public Offering and still in the employment of the Company, experiences financial hardship arising from (i) extraordinary medical expenses or other expenses directly related to illness or disability of the Employee, a member of the Employee’s immediate family or one of the Employee’s parents or (ii) payments necessary or required to prevent the eviction of the Employee from the Employee’s principal residence or foreclosure on the mortgage on that residence, the Board will carefully consider any request by the Employee that the Company repurchase the Employee’s Shares at the Initial Purchase Price, but the Company shall have no obligation to do so.
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Unforeseen Personal Hardship. In the event that the Purchaser, ---------------------------- while in the employment of Holding or one of its Subsidiaries, experiences Unforeseen Personal Hardship, the Holding Board will carefully consider any request by the Purchaser that Holding repurchase the Purchaser's Shares at a price determined in accordance with Section 7 hereof, but Holding shall have no obligation to repurchase such Shares. The Holding Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by Holding of a written request by the Purchaser, such request to include sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the Holding Board to review the request and the circumstances in an informed manner.
Sample 1See All (4)
Unforeseen Personal Hardship. If the Director, prior to a Public Offering and still in the employment of the Company, experiences financial hardship arising from (i) extraordinary medical expenses or other expenses directly related to illness or disability of the Director, a member of the Director’s immediate family or one of the Director’s parents or (ii) payments necessary or required to prevent the eviction of the Director from the Director’s principal residence or foreclosure on the mortgage on that residence, the Board will carefully consider any request by the Director that the Company repurchase the Director’s Shares at the Purchase Price, but the Company shall have no obligation to do so.
Sample 1
Unforeseen Personal Hardship. In the event that the Grantee, while in the employment of or providing services to any member of the MGI/CERA Group, experiences Unforeseen Personal Hardship, the Board will carefully consider any request by the Grantee that the Company repurchase the Grantee's Units at a price determined in accordance with Section 6 hereof, but the Company shall have no obligation to repurchase such Units. The Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by the Company of a written request by the Grantee, such request to include sufficient details of the Grantee's Unforeseen Personal Hardship to permit the Board to review the request and the circumstances in an informed manner.
Sample 1
Unforeseen Personal Hardship. In the event that the Purchaser, while in the employment of Worldwide or any Subsidiary thereof, experiences Unforeseen Personal Hardship, the Board will carefully consider any request by the Purchaser that Worldwide repurchase the Purchaser's Shares at a price determined in accordance with Section 7 hereof, but Worldwide shall have no obligation to repurchase such Shares. The Board shall consider such request with respect to Unforeseen Personal Hardship as soon as practicable after receipt by Worldwide of a written request by the Purchaser, such request to include sufficient details of the Purchaser's Unforeseen Personal Hardship to permit the Board to review the request and the circumstances in an informed manner.
Sample 1
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Related to Unforeseen Personal Hardship

  • Unforeseeable Emergency In the event of a Participant’s Unforeseeable Emergency, such Participant may request an emergency withdrawal from his or her Account. Any such request shall be subject to the approval of the Administrator, which approval shall not be granted to the extent that such need may be relieved (i) through reimbursement or compensation by insurance or otherwise or (ii) by liquidation of the Participant’s assets (to the extent the liquidation of such assets would not itself cause severe financial hardship). A Participant may withdraw all or a portion of his or her Account due to an Unforeseeable Emergency; provided, however, that the withdrawal shall not exceed the amount reasonably needed to satisfy the need created by the Unforeseeable Emergency.

  • Hardship In the event the Investor sells the Company's Common Stock pursuant to subsection (c) above and the Company fails to perform its obligations as mandated in Section 2.5 and 2.2 (c), and specifically fails to provide the Investor with the shares of Common Stock for the applicable Advance, the Company acknowledges that the Investor shall suffer financial hardship and therefore shall be liable for any and all losses, commissions, fees, or financial hardship caused to the Investor.

  • Hardship Distribution Upon the Board of Director's determination (following petition by the Executive) that the Executive has suffered an unforeseeable financial emergency as described in Section 2.2.2, the Company shall distribute to the Executive all or a portion of the Deferral Account balance as determined by the Company, but in no event shall the distribution be greater than is necessary to relieve the financial hardship.

  • Plan Terminations Under Section 409A Notwithstanding anything to the contrary in Section 7.2, if this Agreement terminates in the following circumstances:

  • Hardship Withdrawals Hardship withdrawals, as provided for in paragraph 6.9 of the Basic Plan Document #04, [X] are [ ] are not permitted.

  • Separation from Service A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits upon or following a termination of employment unless such termination also constitutes a “Separation from Service” within the meaning of Section 409A and, for purposes of any such provision of this Agreement, references to a “termination,” “termination of employment,” “separation from service” or like terms shall mean Separation from Service.

  • Separation from Employment Employees who leave the District with a vacation balance shall have their vacation balance cashed out. If vacation is loaded on July 1st, the vacation balance shall be pro-rated prior to cash out.

  • Domestic Relations Orders If any judgment, decree or order (including approval of a property settlement agreement) which (i) relates to the provision of child support, alimony payments, or marital property rights to a spouse, former spouse, child, or other dependent of a Participant, and (ii) is made pursuant to a state or foreign domestic relations law (including a community property law) directs assignment of a portion of a Participant’s Account to a spouse, former spouse, child, or other dependent of a Participant, such amount may be paid in a lump-sum cash payment at the request of the person to whom assignment is directed to be made as soon as administratively possible after the Administrator’s receipt of the signed order, as long as the order (or a written direction to the Administrator of how to interpret the order, signed by the Participant and the person to whom the order directs assignment) clearly specifies the amount of the Account assigned and the timing of payment to the person to whom the assignment is made.

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