First Release definition

First Release means the first national or regional distribution by a CPB- authorized entity by Broadcast or Online within the Domestic Area.

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First Release. First Release means the earliest of: (i) the Outside Release Date designated in the Deal Terms, if any; or (ii) the date on which the Picture is actually first made generally available to the paying public in the Territory, either through exhibition in cinemas, sale of Videograms, or telecast; or (iii) six (6) months after Notice of Initial Delivery.

First Release. In exchange for entering into and performing under this Agreement and provided (i) Employee does not exercise his right to revoke this Agreement, (ii) Employee does not violate the covenants set forth herein, (iii) Employee does not voluntarily terminate his employment with the Company during the Transition Period, or (iv) Employee’s employment with the Company is not terminated by the Company for Cause during the Transition Period, Employee will be paid his current annual base salary through the Termination Date. (The base salary earned during the Transition Period is the “Cash Benefit”). The Cash Benefit shall be paid in accordance with the normal Company payroll procedures. Employee will resign from his office of Executive Vice President, General Counsel and Corporate Secretary (and any other offices he may hold with the Company) and will cease to be an executive officer of the Company as of the Effective Date. During the Transition Period, Employee will work from home with such internet and telephone access protocols as the President and Chief Executive Officer will establish. Employee will maintain access to current Company group health and other benefits. Employee’s equity awards shall continue to be governed by their terms. If, during the Transition Period, Employee voluntarily terminates his employment with the Company or if the Company terminates the employment relationship for Cause, Employee will immediately forfeit all outstanding and unvested equity awards, except as may be provided under the terms of his equity awards and his Employment Agreement.

Examples of First Release in a sentence

• This Agreement will not be interpreted or construed to limit the First Release or the Second Release in any manner.

• Upon any such request, the Demanding Holders shall be entitled to have their Registrable Securities included in the Demand Registration, subject to Section 2.1.4 and the provisos set forth in Section 3.1.1. The Company shall not be obligated to effect more than (i) one (1) Demand Registration prior to the First Release Date and (ii) not more than two (2) Demand Registrations prior to the Second Release Date under this Section 2.1.1 in respect of Registrable Securities.

• Any action involving claims of a breach of this Agreement, the First Release or the Second Release shall be brought solely in such courts.

• At any time and from time to time on or after the Announcement Date, the holders of a Majority-in-interest held by the Investors or their transferees, may make a written demand for registration under the Securities Act of all or part of the Private Placement Warrants and Private Placement Warrant Shares (the “First Demand Registration”); provided, however, such Demand Registration shall not be declared effective by the Commission until after the First Release Date.

• The existence of any dispute respecting the interpretation of this Agreement or the alleged breach of this Agreement will not nullify or otherwise affect the validity or enforceability of the First Release or the Second Release.

More Definitions of First Release

First Release means the first release of Letters of Credit to become effective pursuant to Clause 12.3;

First Release has the meaning set forth in Section 7.7.3.

First Release means the first live commercial transaction carried out using the Distribution Tool

First Release has the meaning ascribed thereto in Section 3;

First Release has the meaning set forth in Section 4.2(a).

First Release has the meaning ascribed to it in SECTION 1.03(B).

First Release and "First Release Date" shall have the meanings given them in Section 2(b) of this Agreement.