Covered Resignation definition

Covered Resignation means a termination by Officer of Officer’s employment with Corporation by Officer providing a Notice of Termination within the thirty (30) day period following the first anniversary of the occurrence of a Change in Control.
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Covered Resignation means a resignation by Borrower that occurs within six months after there has been a material reduction in Borrower's job responsibilities from those that existed immediately prior to the reduction, it being understood that a mere change in title alone shall not constitute a material reduction in Borrower's job responsibilities.
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Covered Resignation means a resignation by Executive that occurs within six months after there has been a material reduction in Executive's job responsibilities from those that existed immediately prior to the reduction, it being understood that a mere change in title alone shall not constitute a material reduction in Executive's job responsibilities.
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Examples of Covered Resignation in a sentence

  • This Section I(c) applies in the event your employment with the Company is terminated as a result of (i) your death, Disability or Retirement, (ii) a Termination Other Than For Cause, (iii) a Termination For Good Reason, or (iv) a Termination Upon a Change in Control (including a Covered Resignation).

  • Any such termination which occurs within the thirty (30)-day period following the first anniversary of the occurrence of a Change in Control (a "Covered Resignation") shall constitute a resignation which entitles you to receive benefits under this Agreement.

  • Officer may terminate his employment hereunder at any time (i) for Good Reason (subject to Corporation’s opportunity to cure, if applicable, the circumstance(s) giving rise to Good Reason in the time period set forth in Section 2(a)(iii)), or (ii) pursuant to a Covered Resignation, or (iii) pursuant to a Voluntary Termination or upon thirty (30) days’ written Notice of Termination to Corporation, in the event of Officer’s Disability.

  • In exchange for Americas providing the above described benefits to Executive, Executive agrees that prior to receiving any severance compensation from Americas in respect of such Covered Termination or Covered Resignation, whether under this Agreement or otherwise, Executive will execute and deliver to Americas a Release and a Confidentiality Agreement, each substantially in the form provided to Executive with this Agreement.

  • This Section 3(c) applies in the event your employment with the Corporation is terminated as a result of (i) your death, Disability or Retirement, (ii) a Termination Other Than For Cause, (iii) a Termination For Good Reason, or (iv) a Termination Upon a Change in Control (including a Covered Resignation).

  • If at any time prior to the date your Units become fully vested in accordance with Section 1(a), your employment with the Company is terminated as a result of (i) your death or Disability), (ii) a Termination Other Than For Cause (iii) a Termination For Good Reason, or (iv) a Termination Upon a Change in Control (including a Covered Resignation), your Units (to the extent then outstanding and otherwise unvested) shall fully vest immediately upon such termination of employment.

  • The payments to be made to Executive upon a Covered Termination or Covered Resignation are in addition to the payments made to employees by Americas upon termination in the ordinary course, such as reimbursement for business expenses and vacation pay through the date of termination.