Convenience of the Company definition

Convenience of the Company means (i) an involuntary separation from service that is not for Cause and that is determined by the Executive Compensation Committee to be for the convenience of the Company, and (ii) a voluntary separation from service for Good Reason.
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Examples of Convenience of the Company in a sentence

  • All contingent deferred units (“CDUs”) previously granted to you under the LTIP will be treated as if Transocean Management terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreement) on the Termination Date.

  • All Deferred Units (“DUs”) previously granted to you under the LTIP will be treated as if Transocean Management terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreement) on the Termination Date.

  • The M&E Framework contained the Logical Framework and the Performance Measurement Framework (PMF).

  • All non-qualified stock options (“NQ Options”) previously granted to you under the LTIP will be treated as if Transocean terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreement) on the Termination Date.

  • All contingent deferred units (“CDUs”) previously granted to you under the LTIP will be treated as if Transocean terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable award agreement) on the Termination Date.

  • The Committee shall have absolute discretion to determine the date and circumstances of termination of your employment or separation from service, including without limitation whether as a result of death, disability, Convenience of the Company or any other reason and whether you remain a Retiree, and its determination shall be final, conclusive and binding upon you.

  • If your employment is terminated for the Convenience of the Company, you will be entitled to earn a Pro-Rata Earned Award.

  • With an estimated population of around 187 million, Nigeria is by far the most populous country in Africa.1 A federation, Nigeria has a three-tiered government structure that includes the federal government, 36 states,2 and a federal capital (Abuja), as well as 768 local government areas within the states.3 Legislative power is shared by the federal and state governments.

  • All contingent deferred units (“CDUs”) previously granted to you under the LTIP will be treated as if Transocean terminated your employment for the Convenience of the Company (as defined by and determined in accordance with the terms of the LTIP and the applicable terms and conditions) on the Termination Date.

  • Terminations made under the provisions of this policy shall for purposes of any long term incentive awards held by the executive be deemed "For the Convenience of the Company", as defined within the individual LTIP award letters.

Related to Convenience of the Company

  • Condition of the Company means the Assets, business, results of operations and/or financial condition of the Company.

  • Sale of the Company means the sale of the Company to an Independent Third Party or affiliated group of Independent Third Parties pursuant to which such party or parties acquire (i) capital stock of the Company possessing the voting power to elect a majority of the Company's board of directors (whether by merger, consolidation or sale or transfer of the Company's capital stock) or (ii) all or substantially all of the Company's assets determined on a consolidated basis.

  • Insurance Companies means the companies with whom the Insurance Policies are held.

  • of the Company means any person who is or was a director, officer, employee or other agent of the Company or a subsidiary of the Company; or is or was serving at the request of, for the convenience of, or to represent the interests of the Company or a subsidiary of the Company as a director, officer, employee or agent of another foreign or domestic corporation, partnership, joint venture, trust or other enterprise; or was a director, officer, employee or agent of a foreign or domestic corporation which was a predecessor corporation of the Company or a subsidiary of the Company, or was a director, officer, employee or agent of another enterprise at the request of, for the convenience of, or to represent the interests of such predecessor corporation.

  • Utilities means public sanitary and storm sewers, natural gas, telephone, public water facilities, electrical facilities and all other utility facilities and services necessary for the operation and occupancy of the Property as a hotel.

  • Ameren Illinois means Ameren Illinois Company d/b/a Ameren Illinois.

  • Companies means Borrower and its Subsidiaries; and “Company” shall mean any one of them.

  • Operating Companies shall have the meaning specified in the recitals to this Agreement.

  • Office of the Corporation means the executive office of the Corporation, anything in Section 131 of the General Corporation Law to the contrary notwithstanding.