Departure Agreement definition

Departure Agreement means the concurrent Redemption Agreement and Put Agreement entered into by a Service Provider and the Company in connection with the termination of Continuous Service of any Service Provider for any reason other than for Cause.
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Examples of Departure Agreement in a sentence

  • Paragraph 5.11(b), on page 35 of the Agreement is hereby amended and revised to read in its entirety as follows: Seller Bank shall have entered into a Departure Agreement in the form of Exhibit F attached hereto and hereby made a part hereof with ▇▇▇▇ ▇.

  • Free, President EXHIBIT F DEPARTURE AGREEMENT This Departure Agreement ("Agreement") is made and entered into as of the ____ day of ___________, 2000 (the "Effective Date") by and among Gilmer Savings Bank, FSB (the "Bank") and ▇▇▇▇ ▇.

  • In addition, if Employee materially breaches the promises made in any provision of this Release or the Departure Agreement, he must repay all benefits previously received in accordance with the Departure Agreement, upon the Company’s reasonable demand, and Company shall cease making further payments, if any, pursuant to the Departure Agreement.

  • Even if Consultant were to become or be deemed to be a common-law employee of Bank, Consultant still shall not be eligible for coverage or to receive any benefit under any Bank employee benefit plan or any employee compensation arrangement with respect to any period during which Bank classified Consultant as a consultant, except as set forth in the Departure Agreement.

  • Agent ▇▇▇▇▇▇ agrees to these terms as a condition of being able to receive leads through the Select Groups relationship with Opcity Agent is required to sign Opcity’s Departure Agreement that states Agent will be required to pay a referral fee for any lead from Opcity for a period of 2 years.

  • If Consultant does not execute or timely revokes the Departure Agreement, then this Agreement is automatically rescinded by mutual agreement of the parties.

  • Consultant agrees that Consultant is not eligible for coverage or to receive any benefit under any Bank employee benefit plan or employee compensation arrangement, except as set forth in the Departure Agreement.

  • Notwithstanding the foregoing, any Proceeds in respect of Incentive Units that have been (1) repurchased pursuant to a Departure Agreement or (2) cancelled pursuant to Section 9.03(b), that would otherwise have been allocable to such Incentive Units had those Incentive Units not been repurchased or cancelled, as the case may be, shall be distributed to the holders of the Common Units.