Company Termination definition

Company Termination shall have the meaning set forth in Section 2.3.12.

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Company Termination as defined in section 9. The CFO options shall have a term of ton years and shall be exercisable at a price per share of $0.50. The option exercise price of the CFO options shall be adjusted as appropriate for forward or reverse stock splits, stock dividends, recapitalizations, spin-offs, or divisions of the Company and other like events. The Company shall register under the Securities Act of 1933, as amended, (the "Act"), all of the shares of common stock underlying the CFO Options (the "CFO Shares") at the same time as the Company registers shares of common stock (or other securities) in any primary or secondary offering of securities which are registered under the Act, provided that Employee shall agree to any reasonable "lock-up* restricting sale of the CFO Shares only to the extent that other principal shareholders, officers and directors are also required to execute similar lock-up agreements provided that any such lock-up period shall not extend beyond one hundred twenty days from the date the CFO Shares are registered under the Act. Notwithstanding the foregoing Employee shall not sell any CFO Shares during 1998 (the "1998 Lock-Up") unless (i) there is a "Change of Control" or there is a "Company Termination" as defined in section 9 or (ii) other members of management elect to sell or dispose of securities of the Company during 1998 ("Management Sales"). The 1998 Lock-Up shall terminate and have no further force or effect upon the occurrence of any event described in clause (i) above. The Company shall provide written notice to Employee in advance of any Management Sales setting forth the details thereof within not more than two business days after the Company learns that such sales or dispositions of securities may be permitted or may otherwise be scheduled. During 1998 Employee may from time to time sell or dispose of that number of CFO Shares which is not greater than the greatest number of Management Sales made during 1998 by any other member of management.

Company Termination means termination by the Company other than for cause or as a result of death or permanent disability.

Examples of Company Termination in a sentence

• The Company Termination Notice shall not be effective until one (1) Business Day after it has been received by the Investor.

• The Company Termination Notice shall not be effective until one (1) Business Day after it has been received by the Buyer.

• The Company Termination Notice shall not be effective until one (1) Trading Day after it has been received by the Buyer.

• In no event shall the Company be required to pay the Company Termination Fee on more than one occasion.

• The Company may terminate (a "Company Termination") its right to initiate future Puts by providing written notice ("Termination Notice") to the Investor, by facsimile and overnight courier, at any time other than during an Extended Put Period, provided that such termination shall have no effect on the parties' other rights and obligations under this Agreement, the Registration Rights Agreement or the Warrants.

• The Parties acknowledge and agree that in no event will the Company be required to pay the Company Termination Fee on more than one occasion, whether or not the Company Termination Fee may be payable pursuant to more than one provision of this Agreement at the same or at different times and upon the occurrence of different events.

• If the Company disagrees with an Employee’s designated Date of Termination, the Company shall have the right to set an alternative earlier final Date of Termination, which, in and of itself, shall not change the characterization of the termination (e.g., from an Employee Termination Without Good Reason to a Company Termination Without Cause).

• In no event shall the Company be required to pay the Company Termination Fee more than once.

• The Company shall not effect a Cash Takeout Transaction with respect to which the Company has delivered a Company Termination Notice unless it shall first obtain the written agreement of the Successor Entity, naming the Holder as an express third party beneficiary, that payment of the Successor Major Transaction Consideration concurrently with the consummation of such Cash Takeout Transaction shall be a condition precedent to such Cash Takeout Transaction.

• For the avoidance of doubt, in no event shall the Company be required to pay the Company Termination Fee on more than one occasion.

More Definitions of Company Termination

Company Termination means a Separation that is not a Qualifying Termination, but which results from (a) the Company terminating the Executive’s employment for any reason other than Cause or (b) the Executive voluntarily resigning his or her employment for Good Reason. A termination or resignation due to the Executive’s death or disability shall not constitute a Company Termination.

Company Termination shall have the meaning set forth in Section 2.3.12. "Conditions to Investor’s Obligations" shall have the meaning as set forth in Section 2.2.2.

Company Termination has the meaning set forth in Section 9.1(d).

Company Termination means a Separation that is not a Qualifying Termination, but which results from (a) the Company terminating the Executive’s employment for any reason other than Cause or

Company Termination. 0 years 1 1/2 years 1 1/2 years 1 1/2 years for other than Cause and Disability Voluntary Resignation not for 2 years 2 years 2 years 2 years Good Reason Company Failure to Renew 0 years 2 years 1 year 2 years Executive Failure to Renew 0 years 2 years 1 year 2 years Disability 0 years 1 1/2 years 1 year 1 year

Company Termination has the meaning set forth in Section 3.2. ------------------- -----------