Employment Termination Event definition

Employment Termination Event. The termination of Executive for “Cause” (as defined in the Employment Agreement), the closing of either the Call Right or the Put Option, or Executive terminates his or her employment for reasons other than death or Disability as provided in Section 5 of the Employment Agreement.
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Employment Termination Event means (a) the termination by the Company of a Fenics Stockholder’s employment, if any, with the Company or any of its subsidiaries “for cause” (as defined in such Fenics Stockholder’s employment agreement, as in effect on the date hereof, with the Company or any of its subsidiaries or, to the extent no written employment agreement exists on the date hereof, “for cause” or “gross misconduct” as applicable, shall be determined in good faith by the Board of Directors) or (b) a Fenics Stockholder’s willful resignation from employment, if any, with the Company or any of its subsidiaries without “good reason” (as defined in such Fenics Stockholder’s employment agreement, as in effect on the date hereof, with the Company or any of its subsidiaries or, to the extent no written employment agreement exists on the date hereof, as defined in good faith by the Board of Directors) where such Fenics Stockholder is in breach of or subsequently breaches a Restrictive Covenant contained in Article VII hereof or in his employment agreement, if any, as in effect on the date hereof.
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Employment Termination Event means the termination by Duck Head of Xxxxxxx'x employment with Duck Head for any reason other than Cause, as defined below. For purposes of this Undertaking, Cause shall be deemed to occur if Duck Head shall terminate Xxxxxxx'x employment under one or more of the following circumstances, as determined in the sole, good faith judgment of a majority of the Board of Directors of Duck Head (the "Board"):
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Examples of Employment Termination Event in a sentence

  • This Agreement shall govern Executive’s employment for a term that commences on the Effective Date and runs through December 31, 2024 (the “Initial Term”), unless an Employment Termination Event (as defined below) occurs sooner.

  • DIGI INTERNATIONAL INC.2013 OMNIBUS INCENTIVE PLAN Addendum IAtoTerms and Conditions of Nonstatutory Stock Option Agreement Paragraph 6, entitled “Acceleration of Option,” is amended to add new subparagraph (c) which provides as follows: (c) Change in Control and Employment Termination Event.

  • DIGI INTERNATIONAL INC.2019 OMNIBUS INCENTIVE PLAN Addendum ItoTerms and Conditions of Nonstatutory Stock Option Agreement Paragraph 6, entitled “Acceleration of Option,” is amended to add new subparagraph (c), which provides as follows:(c) Change in Control and Employment Termination Event.

  • This Agreement, including without limitation Holders' rights under Section 3 and 4 hereof, shall terminate when there are no more Restricted Securities outstanding or, if earlier, on December 31, 2001 if no Employment Termination Event has occurred by that date.

  • DIGI INTERNATIONAL INC.2016 OMNIBUS INCENTIVE PLAN Addendum ItoTerms and Conditions of Nonstatutory Stock Option Agreement Paragraph 6, entitled “Acceleration of Option,” is amended to add new subparagraph (c), which provides as follows:(c) Change in Control and Employment Termination Event.

  • Very close collaboration between the PIU and the PCU will be crucial.

  • This Agreement may be terminated at any time by an instrument in writing signed by all of the parties hereto and shall terminate automatically as to the relevant Stockholders upon an Employment Termination Event and as to all parties when the Common Stock is no longer registered under Section 12 of the Exchange Act.

  • Debt service requirements for year ending December 31, 2016, and thereafter are as follows: NOTE G – BONDS PAYABLE (Continued) 3.

  • DIGI INTERNATIONAL INC.2018 OMNIBUS INCENTIVE PLAN Addendum ItoTerms and Conditions of Nonstatutory Stock Option Agreement Paragraph 6, entitled “Acceleration of Option,” is amended to add new subparagraph (c), which provides as follows:(c) Change in Control and Employment Termination Event.

  • Patrons will be allowed to swim for 90 minutes (subject to change), then exit the pool area and the pool will be closed for 30 min (subject to change).


More Definitions of Employment Termination Event

Employment Termination Event shall be deemed to have occurred upon either: (i) the involuntary termination of your employment for reasons other than Cause (as defined in Section 3(e)), or (ii) the voluntary termination of your employment for Good Reason (as defined in Section 3(f)).
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Employment Termination Event means (i) as to Xxxxx X. Xxxxxxx, Cornerstone Biopharma Holdings, Ltd. and Carolina Pharmaceuticals, Ltd. the date of termination of Xx. Xxxxxxx’x employment with the Company and (ii) as to Xxxxxx X. Xxxx and Xxxx Family Limited Partnership the date of termination of Xx. Xxxx’x employment with the Company; provided, that in each such case, a termination that results from a resignation without Good Reason and termination for Cause (as those terms are defined in the applicable employment agreements with the Company) shall not constitute an Employment Termination Event.
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Employment Termination Event means the termination of the Administration Agreement by Harbor Global before the two-year anniversary of the Time of Distribution as a result of (A) Mr. Xxxxxx'x xxxth, (B) Mr. Xxxxxx'x xxxability (as set forth in Section 4 of the Employment Agreement), (C) a voluntary termination of employment with Calypso or Harbor Global by Mr. Xxxxxx, (X) an act by Mr. Xxxxxx xx connection with the performance of his services with Calypso or Harbor Global constituting bad faith, fraud or willful misconduct or (E) a willful failure by Mr. Xxxxxx xx carry out a vote of the Board of Directors of Harbor Global resulting in material economic harm to Harbor Global.
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Employment Termination Event means (i) an Eligible Company giving or receiving a written notice of immediate or pending employment termination of a Cardholder; (ii) a Cardholder leaving the EligibleCompany’s service; or (iii) if the Cardholder is a member of a bargaining unit of a union and the employer contract includes grievance procedures, when the Eligible Company files a grievance with the labour arbitrator recommending the Cardholder’s employment be terminated.
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Employment Termination Event means, with respect to an Employee Equityholder, the termination of the employment by the Partnership (and all of its Controlled Affiliates employing such Employee Equityholder, if any) of such Employee Equityholder for any reason (other than in connection with a dissolution or liquidation of the Partnership).
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Related to Employment Termination Event

  • 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.

  • 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.

  • Company Termination Event means any of the following:

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

  • 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.

  • Additional Termination Event has the meaning specified in Section 5(b).

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

  • 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:

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

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

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

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

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Involuntary Termination of Employment means any termination of Executive's employment by the Company and its subsidiaries, other than a termination for Cause or due to death or Disability.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • 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.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Share Termination Settled” in relation to the Transaction means that Share Termination Alternative is applicable to the Transaction.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

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

  • Event of Termination has the meaning specified in Section 7.01.

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

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

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.