DSU Termination Date definition

DSU Termination Date of a DSU Participant means, the day that the DSU Participant ceases to be a director and, if applicable, an employee of the Corporation for any reason including, without limiting the generality of the foregoing, as a result of retirement, death, voluntary or involuntary termination without cause, or Incapacity;

DSU Termination Date of a DSU Participant means, the day that the DSU Participant ceases to be a director of Flowr for any reason including, without limiting the generality of the foregoing, as a result of Retirement, death, voluntary or involuntary termination without cause, or permanent disability;

DSU Termination Date means the date on which a DSU Participant incurs a Separation From Service, regardless of the reason for such Separation From Service.

Examples of DSU Termination Date in a sentence

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• On the DSU Termination Date, payment in respect of the DSUs becomes payable and the Board, in its sole discretion, shall determine whether to make the payment in cash, DIV Shares issued from treasury or a combination thereof based on the fair market value of the DIV Shares as at the DSU Termination Date.

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• On the DSU Termination Date, payment in respect of a DSU Participant's DSU becomes payable and the Company will decide, in its sole discretion, whether to make the payment in cash, in Common Shares issued from treasury, or a combination of cash and Common Shares issued from treasury based on the fair market value of the Common Shares as at the DSU Termination Date.

More Definitions of DSU Termination Date

DSU Termination Date means (a) with respect to a DSU Participant who is not a U.S. Participant, (i) in the case where such DSU Participant is not also an employee, the day the DSU Participant ceases to be a director and (ii) in the case where the DSU Participant is also an employee, the last day of the DSU Participant’s Active Employment with the Corporation or an Affiliate whether such day is selected by agreement with the DSU Participant, or unilaterally by the DSU Participant or the Corporation or Affiliate, and whether with or without advance notice to the DSU Participant; and (b) with respect to a DSU Participant who is a U.S. Participant, the date on which such DSU Participant has a “separation from service” as described in Section 409A;

DSU Termination Date means the date that the Participant ceases to be a Director or Employee, as applicable, for any reason including, without limiting the generality of the foregoing, as a result of retirement, death, voluntary or involuntary termination, or Disability and, if applicable, means the effective date on which a Participant ceases, for any reason, to be an Director or Employee, as applicable, in a manner that qualifies as “Separation From Service” as defined in Schedule “E” hereto;

DSU Termination Date means the date that the DSU Participant ceases to be an employee and, if applicable, a director of the Corporation for any reason including, without limiting the generality of the foregoing, as a result of retirement, death, permanent Disability, resignation, termination without Cause or termination with Cause. For the purposes of the Plan, a DSU Participant’s employment with the Corporation or an Affiliate shall be considered to have terminated effective on the last day of the DSU Participant’s actual and active employment with the Corporation or Affiliate, whether such day is selected by agreement with the individual, or unilaterally by the DSU Participant or the Corporation or Affiliate, and whether with or without advance notice to the DSU Participant. For the avoidance of doubt, no period of notice or pay in lieu of notice that is given or that ought to have been given under applicable law in respect of such termination of employment that follows or is in respect of a period after the DSU Participant’s last day of actual and active employment shall be considered as extending the DSU Participant’s period of employment for the purposes of determining his or her entitlement under the Plan;

DSU Termination Date of a DSU Participant means the day that the DSU Participant ceases to hold all positions with the Company or a Related Entity as a result of the DSU Participant’s death or retirement or resignation from, or loss of, an office or employment for purposes of paragraph 6801(d) of the regulations under the ITA;

DSU Termination Date of a DSU Participant means the day that the DSU Participant ceases to be a director or officer of the Corporation, as applicable, for any reason including, without limiting the generality of the foregoing, as a result of retirement, death, voluntary or involuntary termination, or Disability and, if applicable, means the effective date on which a DSU Participant ceases, for any reason, to be an Eligible Person in a manner that qualifies as “Separation From Service” as defined in Schedule “A” hereto;

DSU Termination Date means the date on which a Participant who holds DSUs ceases to hold any position as an officer, employee, or director of the Corporation or any of the Designated Affiliates.

DSU Termination Date of a DSU Participant means, the day that the DSU Participant ceases to be a director and, if applicable, an employee of the Company for any reason.