Business Termination definition

Business Termination means the winding down of the Business and the possible termination of all service agreements between EVE-VEN and its clients (other than the service agreements with entities doing business from outside of Venezuela (off-shore entities)).
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Business Termination means the termination, by either the Company or a Participant, of the Participant's business relationship with the Company. The determination that a Business Termination has occurred shall be made by the Committee and any such decision in respect thereof by the Committee shall be final and binding on all of the parties in interest.
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Examples of Business Termination in a sentence

  • BofA acknowledges and agrees that it has committed to working with 724 towards achieving the Deliverables, and unconditionally agrees to pay the non-refundable License Fee in accordance with the terms of Section 3.1 hereof, unless this Agreement terminates in accordance with Section 6.1 (Business Termination).

  • The provisions of this Section 5.3 shall not apply if any one of the events listed in Section 6.1 (Business Termination) occurs, and shall not apply to newspaper and any other generally available recruiting activities conducted by an Obligee provided that the Obligee does not expressly address any such recruiting activities at an employee of the other Obligee.

  • Additionally, TRANRED anticipates that it will be necessary for EVERTEC to provide, or cause to be provided, the transition and migration services, as well as data storage and related services to the clients listed in Schedule 2, subject to the terms and conditions set forth in the respective service agreements with said clients (the “Client Services” and together with the Business Termination Services, the “Termination Assistance Services”).

  • Seller shall pay any severance, bonus or any other payments and accrued vacation benefit payments required to be paid to Seller's employees resulting from the consummation of the Transaction and the termination of any of the employees of the Seller utilized in connection with the Business ("Termination Payments").

  • The provisions of this Section 6.2 shall not apply if any one of the events listed in Section 4.3 (Business Termination) occurs and this Agreement is terminated as a result thereof, and shall not apply to newspaper and any other generally available recruiting activities conducted by an Obligee provided that the Obligee does not expressly address any such recruiting activities at an employee of the other Obligee.

  • In accordance with the terms and conditions of this Agreement, the Ceding Company shall automatically cede to the Reinsurer and the Reinsurer agrees to reinsure and indemnify the Ceding Company for the Quota Share of the risks specified hereunder under Riders with a Rider Date on or after April 1, 2021 but on or prior to the New Business Termination Date and that are issued with a Base Annuity.

  • Only Riders with a Rider Date on or after April 1, 2021 but on or prior to the New Business Termination Date and that are issued with Base Annuities in accordance with the Service Standard are reinsured under this Agreement.

  • Section 5.1. Conduct of Business; Termination of Retrocession Agreements...................................

  • For the avoidance of doubt, it is understood that the New Business Termination Date is the date upon which reinsurance for newly issued Riders shall cease; however, such date shall have no impact on coverage for Riders reinsured hereunder and issued before such date, including any Deposits made under Base Annuities to which such Riders relate.

  • The Reinsurer shall accept Riders for coverage under the terms of this Agreement only until and including the New Business Termination Date.

Related to Business Termination

  • Company Termination Event has the meaning set forth in Section 10 hereof.

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Complete Termination means a termination of the Fund's Rule 12b-1 plan for B-2 Shares involving the cessation of payments of the Distribution Fees, and the cessation of payments of distribution fees pursuant to every other Rule 12b-1 plan of the Fund for every existing or future B-Class-of-Shares (as hereinafter defined) and the Fund's discontinuance of the offering of every existing or future B-Class-of-Shares, which conditions shall be deemed satisfied when they are first complied with hereafter and so long thereafter as they are complied with prior to the earlier of (i) the date upon which all of the B-2 Shares which are Distributor Shares pursuant to Schedule I hereto shall have been redeemed or converted or (ii) May 31, 2005. For purposes of this Section 14.5, the term B-Class-of-Shares means each of the B-1 Class of Shares of the Fund, the B-2 Class of Shares of the Fund and each other class of shares of the Fund hereafter issued which would be treated as Shares under Schedule I hereto or which has substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of the shares of such class. The parties agree that the existing C Class of Shares of the Fund does not have substantially similar economic characteristics to the B-1 or B-2 Classes of Shares taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares. For purposes of clarity the parties to this agreement hereby state that they intend that a new installment load class of shares which may be authorized by amendments to Rule 6(c)-10 under the 1940 Act will be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing B-1 or B-2 Classes of Shares taking into account the total sale charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares and will not be considered to be a B-Class-of-Shares if it has economic characteristics substantially similar to the economic characteristics of the existing C Class of shares of the Fund taking into account the total sales charge, CDSC or other similar charges borne directly or indirectly by the holder of such shares.

  • Employment Termination means the effective date of: (i) Employee’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Employee’s employment by the Company without Cause.

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.