Economic Termination definition

Economic Termination means (i) a termination of the Employment of a Participant due to plant or facility closings, technology changes, reorganizations within the Company, McDonald's Corporation or a Consolidated Subsidiary, as applicable, or adverse economic or business conditions or (ii) a termination of the Employment of a Participant due to the sale or other disposition by the Company, McDonald's Corporation or a Consolidated Subsidiary, as applicable, of the business or division within which such Participant is employed, including a spin-off of such business or division.
Sample 1
Economic Termination means a termination of the Employment of a Participant due to plant or facility closings, technology changes, reorganizations within the Company, McDonald's Corporation or a Consolidated Subsidiary, as applicable, or adverse economic or business conditions.
Sample 1
Economic Termination means when a Participant's full-time, active employment with Springs and its subsidiaries is severed by Springs or its subsidiaries due to plant or facility closings, technology changes, reorganizations within Springs or its subsidiaries, or adverse economic or business conditions.
Sample 1

Examples of Economic Termination in a sentence

  • Reference is made to the fact that it is currently anticipated that the Lease will contain provisions creating in favor of the Partnership a right ("Economic Termination Option") to terminate the Lease in the event that (i) artist costs at the Amphitheater exceed a specified percentage of gross ticket revenues at the Amphitheater and (ii) the Partnership and NJHA are unable to mutually agree to modifications to the rental obligations under the Lease.

  • Notwithstanding anything contained in this Lease to the contrary, in the event Landlord elects to repair and restore the Premises, Tenant shall agree to waive any existing Opening or On-Going Co-Tenancy Failure(s) and Tenant's Economic Termination Right.

  • Notwithstanding anything contained in this Lease to the contrary, in the event Landlord restores the Premises, Tenant shall agree to waive any existing Opening or On-Going Co-Tenancy Failure(s) and Tenant's Economic Termination Right.

  • As mentioned in section 3.2.1, gravity equations require gross positions, so the locational statistics fit this concept very well.

  • All Economic Termination Payments shall be made on a regularly scheduled Base Monthly Rental payment date upon no less than 30 days prior written notice from Lessee to Lessor.

Related to Economic Termination

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Normal Termination means termination of employment or service with the Company and Affiliates:

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Anticipatory Termination means a termination of employment where PNC terminates your employment with PNC (other than for Misconduct or Disability) prior to the date on which a Change of Control occurs, and you reasonably demonstrated that such termination of employment (i) was at the request of a third party that has taken steps reasonably calculated to effect a Change of Control or (ii) otherwise arose in connection with or in anticipation of a Change of Control.

  • Change in Control Termination means an “Involuntary Termination Without Cause” or “Resignation for Good Reason,” either of which occurs on, or within three (3) months prior to, or within twelve (12) months following, the effective date of a Change in Control, provided that any such termination is a “separation from service” within the meaning of Treasury Regulation Section 1.409A-1(h). Death and disability shall not be deemed Change in Control Terminations.

  • Post-Termination Period means a period of 12 months (subject to extension as set forth in Section 8(f)) following the effective date of the termination of Executive’s employment.

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

  • Constructive Termination means:

  • Disability Termination means termination by the Company of the Executive’s employment by reason of the Executive’s incapacitation due to disability. The Executive will be deemed to be incapacitated due to disability if at the end of any month the Executive is unable to perform substantially all of the Executive’s duties under this Agreement in the normal and regular manner due to illness, injury or mental or physical incapacity, and has been unable so to perform for either (i) three consecutive full calendar months then ending, or (ii) 90 or more of the normal working days during the 12 consecutive full calendar months then ending. Nothing in this paragraph alters the Company’s obligations under applicable law, which may, in certain circumstances, result in the suspension or alteration of the foregoing time periods.

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Change of Control Termination means (i) a Termination Without Cause of the Employee’s employment by the Employer (other than for death or disability) within twelve (12) months after a Change of Control or (ii) the Employee’s resignation for Good Reason within twelve (12) months after a Change of Control.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

  • Termination After Change in Control means either of the following events occurring within twelve (12) months after a Change in Control:

  • Event Termination Date See Section 2(e) hereof.

  • Terminating Event means any of the following events:

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Anticipated Termination Date Any Distribution Date on which it is anticipated that the Trust Fund will be terminated pursuant to Section 9.01(c) of this Agreement.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Company Termination Event means any of the following:

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Initial Termination Date has the meaning set forth in Section 9.1(b)(i).