CIC Termination Period definition

CIC Termination Period means the period of time beginning with a Change in Control and ending two (2) years following such Change in Control.
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CIC Termination Period means the period of time beginning three (3) months prior to a Change in Control and ending twenty-four (24) months following such Change in Control; provided that the period of time three (3) months prior to such Change in Control shall only be considered part of the CIC Termination Period if the Participant’s employment is terminated by the Company without Cause or by the Participant for Good Reason at the request of a third party purchaser in connection with a Change in Control, as determined in good faith by the Compensation Committee.
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CIC Termination Period means:
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Examples of CIC Termination Period in a sentence

  • The Treasurer, with the assistance of the Council’s management agent, shall have responsibility for Council funds and securities and shall be responsiblefor keeping full and accurate accounts of all receipts and disbursements in books belonging to the Council.

  • Notwithstanding the foregoing, during a CIC Termination Period, the Plan may not be amended in a manner that is adverse to the interests of the Participants or terminated by the Compensation Committee (or any successor committee thereto) and any Participant’s participation hereunder may not be terminated, in each case without the prior written consent of such Participant.

  • If during the CIC Termination Period, the employment of the Participant shall terminate by reason other than a Qualifying Termination, then as soon as practicable following the Date of Termination, the Company shall pay or provide to the Participant the Accrued Benefits.

  • Crippen, III The Company hereby acknowledges receipt of x xxxx xx xxx foregoing Subordination Agreement, waives notice of acceptance of the Subordination Agreement by the Senior Lenders, and agrees to be bound by the terms and provisions of the Subordination Agreement, to make no payments or distributions contrary to the terms and provisions of the Subordination Agreement, and to do every other act and thing necessary or appropriate to carry out such terms and provisions.

  • The Company further represents that the Contracts will be issued and sold in compliance with any applicable federal and state laws, including state insurance suitability requirements.

  • If your Qualifying Termination occurs during a CIC Termination Period (as defined in the Executive Severance Plan), effective as of your Separation Date (or, if later, the date the Change in Control occurs), any unvested time-based equity or other long-term cash incentive awards held by you shall vest in full and each outstanding performance-based equity award shall be deemed earned at the target performance level with respect to all open performance periods and vest in full.

  • If the notice of Nonrenewal Termination by the Company is delivered to Executive after the beginning of a CIC Termination Period, then the full amount of the benefits outlined in Section 11(d) above shall be applicable.

  • The Total Amount shall be payable in substantially equal biweekly installments during each of the 12 months following the 30th day after the Separation Date, until the Total Amount is paid, or, if your Qualifying Termination occurs during a CIC Termination Period (as defined in the Executive Severance Plan) in a one-time lump-sum payment on the sixtieth day following your Qualifying Termination, except, in any case, as provided in the “Section 409A” provision, below.

  • During the CIC Termination Period and upon 30 days' prior written notice to the Company, the Executive may terminate his employment hereunder for Good Reason.

  • For the avoidance of doubt, any Participant who is party to an individual change in control, severance, or other similar agreement or plan in effect as of his or her Qualifying Termination during a CIC Termination Period shall not be entitled to receive benefits under Section 3.2.


More Definitions of CIC Termination Period

CIC Termination Period means the period of time beginning with a Change in Control and ending two (2) years following such Change in Control. Notwithstanding anything in this Plan to the contrary, if (i) the Participant’s employment is terminated prior to a Change in Control (or, if applicable, a Potential Change of Control) for reasons that would have constituted a Qualifying Termination if they had occurred following a Change in Control; (ii) the Participant reasonably demonstrates that such termination (or Good Reason event) was at the request of a third party who had indicated an intention or taken steps reasonably calculated to effect a Change in Control; and (iii) a Change in Control (or a Potential Change in Control) involving such third party (or a party competing with such third party to effectuate a Change in Control) does occur within six (6) months from the date of such termination (or, in the case of a Potential Change in Control, such Potential Change in Control occurs within three (3) months of such termination), then for purposes of this Plan, the date immediately prior to the date of such termination of employment or event constituting Good Reason shall be treated as a Change in Control.
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CIC Termination Period means the period of time beginning three (3) months prior to a Change in Control and ending twenty-four (24) months following such Change in Control; provided that the period of time three (3) months prior to such Change in Control shall only be considered part of the CIC Termination Period if your employment is terminated by the Company without Cause or by you for Good Reason in connection with a Change in Control, as determined in good faith by the Compensation Committee.
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CIC Termination Period has the meaning given in Section 13.4.1.
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Related to CIC Termination Period

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Event Termination Date See Section 2(e) hereof.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Final Termination Date means the last date of the final year in which the Applicant is required to Maintain Viable Presence and as further identified in Section 2.3.E of this Agreement.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

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

  • Stated Termination Date means December 31, 2000.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Qualifying Termination means a termination of the Executive’s employment either (i) by a Company Group member without Cause (excluding by reason of Executive’s death or Disability) or (ii) by the Executive for Good Reason, in either case, during the Change in Control Period (a “Qualifying CIC Termination”) or outside of the Change in Control Period (a “Qualifying Non-CIC Termination”).

  • Scheduled Termination Date means the date that is 364 days from (and including) the Effective Date, or any succeeding date to which the term of this Agreement is extended pursuant to Section 2.03.

  • Lease Termination Date means the last day of the Lease Term.

  • Standstill Termination Date means the earlier of (i) 90 days after the Board Designation Termination Date and (ii) the later of (A) the first anniversary of the date of this Agreement and (B) 90 days after the date on which all Purchaser Designated Directors have resigned or been removed from the Board and the Purchaser has permanently waived and renounced its Board designation rights under Section 1.

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Accretion Termination Date As defined in the Series Supplement.

  • Covered Termination means the termination of Executive’s employment by the Company without Cause or by Executive for Good Reason, and shall not include a termination due to Executive’s death or disability.

  • Facility Termination Date means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the L/C Issuer shall have been made).

  • Accrual Termination Date Not applicable.

  • Loan Termination Date means the earliest to occur of the following: (i) as to TERM NOTE 2, TERM NOTE 4, and TERM NOTE 5, September 1, 2011; as to the REVOLVING NOTE, April 21, 2006; (ii) the date the OBLIGATIONS are accelerated pursuant to this AGREEMENT, and (iii) the date BANK receives (a) notice in writing from BORROWER of BORROWER’S election to terminate this AGREEMENT and (b) indefeasible payment in full of the OBLIGATIONS.