Extraordinary Termination definition

Extraordinary Termination means a termination of the ------------------------- Grantee's employment with the Company and the Subsidiaries by reason of the Grantee's death, Disability or Retirement.

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Extraordinary Termination means a termination of a Participant's employment with the Company and the Subsidiaries by reason of the Participant's death, Permanent Disability or Retirement.

Extraordinary Termination means (i) termination by the Company of the employment of Executive with the Company for any reason other than as set forth in Section 8 hereof, within three years after a Control Transaction, or (ii) resignation of Executive upon the occurrence of any of the following events within two years after a Control Transaction: (1) an assignment to Executive of any duties inconsistent with, or a significant change in the nature or scope of Executive's authority or duties from, those held by Executive immediately prior to the Control Transaction; (2) a reduction in Executive's annual salary or bonus program in effect immediately prior to the Control Transaction; (3) the relocation of Executive's place of employment to a location outside of the 48 contiguous states of the United States; (4) dur▇▇▇ ▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇ by the Company to provide Executive with a reasonable number of paid vacation days at least equal to the number of paid vacation days to which he was entitled in the last full calendar year prior to the Control Transaction; (5) the failure of the Company to provide Executive with substantially the same fringe benefits that were provided to him immediately prior to the Control Transaction, or with a package of fringe benefits that, though one or more of such benefits may vary from those in effect immediately prior to the Control Transaction, is substantially at least as beneficial to Executive in all material respects to such fringe benefits taken as a whole; or (6) the failure of the Company to obtain the express written assumption of and agreement to perform this 2002 Agreement by any successor as and to the extent required by Section 12 of this 2002 Agreement.

Examples of Extraordinary Termination in a sentence

• Any Performance Options held by the Grantee as of the date of an Extraordinary Termination or other termination, whichever is applicable, that have not become vested and exercisable on or prior to such date of termination in accordance with this Section 3(b) shall terminate and be cancelled immediately on such date.

• Extraordinary Termination This Agreement shall terminate forthwith in the event of an order being made or resolution passed for the winding up, dissolution, liquidation or bankruptcy of either party (otherwise than for the purpose of reconstruction or amalgamation) or if a receiver is appointed, or if it suspends payment, ceases to carry on business or makes any special arrangement or composition with its creditors.

• Upon termination of this Agree- ment as set forth in Section 18, Supplier shall invoice Customer for, and Customer shall pay (a) the price for Products previously Delivered and not yet paid, (b) the price of completed or in-process Product not yet de- livered, and in case of Extraordinary Termination (c) other actual costs and expenses, including, without limitation, labor, incurred by Supplier and relating to decommissioning activities or otherwise attributable to the Products.

• In the event of an Extraordinary Termination during the Agreement Term, as defined in Section 9.1(b), the following provisions shall apply.

• Notwithstanding the termination of this Agreement by reason of Employee's disability under Section 8.1, for cause under Section 8.3 or upon an Extraordinary Termination of Employment under Section 9, his obligations under Sections 3, 4, 5 and 6 hereof shall survive and remain in full force and effect indefinitely, or for such shorter period therein provided, and the provisions for equitable relief against Employee in Section 7 hereof shall likewise continue in force.

• In the event of an Extraordinary Termination, as defined in the Enhanced Benefit Plan, other than in connection with a "Control Transaction" (as that term is defined in the Enhanced Benefit Plan), Intermagnetics will provide Executive with twelve (12) months of his then current Base Salary in a Severance Payment, and will cover the expense associated with paying for benefits under COBRA during the salary continuation period.

• RESDEVCO may also cancel this Agreement during the minimum duration in ease of Extraordinary Termination (see Article 12).

• Any portion of the Option that has become exercisable on or before the date of the Grantee's termination, of Active Employment shall, subject to the provisions of Section 4(c), remain exercisable for whichever of the following periods is applicable, and if not exercised within such period, shall terminate upon the expiration of such period: (1) if the Grantee's Active Employment is terminated for any reason other than an Extraordinary Termination or for Cause, then any then exercisable.

• During the Option Period, the Option shall be exercisable on and after the earlier of the day immediately preceding the date of the first anniversary of the Grant Date if the Participant is a Director on such date or the date of an Extraordinary Termination of Directorship, whichever occurs first.

• If the Parties have not reached an agreement two (2) months after the receipt of the Notice by Nextlane Notification Contact, Customer may terminate the Agreement pursuant to Section 10.2 (Extraordinary Termination by Customer).

More Definitions of Extraordinary Termination

Extraordinary Termination means, unless otherwise provided in the Option Agreement, a termination of a Participant's employment with a member of the CDRJ Group by reason of the Participant's death, Disability or Retirement.

Extraordinary Termination means a termination of this Agreement for reasons other than on the Expiry Date;

Extraordinary Termination means (i) termination by the Company of the employment of Employee with the Company, or termination of the retention of Employee as a consultant, or in either case for any reason other than as set forth in Section 8 hereof, within three years after a Control Transaction, or (ii) resignation of Employee upon the occurrence of any of the following events within three years after a Control Transaction: (A) an assignment to Employee of any duties inconsistent with, or a significant change in the nature or scope of Employee's authority or duties from, those held by Employee immediately prior to the Control Transaction; (B) a reduction in Employee's annual salary, consulting payment or incentive compensation opportunities, as in effect immediately prior to the Control Transaction or as the same may be increased thereafter; (C) a relocation of the site of employment of Employee (or the site to which Employee regularly reports to work as a consultant) more than 15 miles from his site of employment or work at the time of the Control Transaction, or, if Employee consents to his relocation, the failure of the Company to pay (or promptly fully reimburse him for) all reasonable moving expenses incurred by him relating to a change of his principal residence in connection with such relocation and to indemnify him against any loss realized in the sale of his principal residence in connection with any change of residence; (D) during the Employment Term, the failure by the Company to provide Employee with a reasonable number of paid vacation days at least equal to the number of paid vacation days to which he was entitled in the last full calendar year prior to the Control Transaction; (E) the failure of the Company to provide Employee with substantially the same fringe benefits that were provided to him immediately prior to the Control Transaction, or with a package of fringe benefits that, though one or more of such benefits may vary from those in effect immediately prior to the Control Transaction, is substantially at least as beneficial to Employee in all material respects to such fringe benefits taken as a whole; or (F) the failure of the Company to obtain the express written assumption of and agreement to perform this Agreement by any successor as and to the extent required by Section 12 of this Agreement.

Extraordinary Termination means a termination of a Participant’s employment with the Company and the Subsidiaries by reason of the Participant’s death, Permanent Disability or Retirement.

Extraordinary Termination means a termination of the ------------------------- Grantee's employment with the CDRJ Group by reason of the Grantee's death, Disability or Retirement, by the CDRJ Group other than for Cause or by the Grantee for Good Reason.

Extraordinary Termination means a termination of this Concession Agreement other than on the Expiry Date in accordance with Article 18 (3);