For purposes hereof the term definition

For purposes hereof the term cause" shall mean: Employee's commission of dishonesty, theft, or unethical business conduct; indictment for a felony; indictment for a misdemeanor involving moral turpitude; drug or alcohol addiction or abuse; death; disability which prevents Employee from performing his duties hereunder for a continuous period of more than forty- five (45) days; material incompetence in the performance of duties on behalf of Employer which continues after reasonable written notice; material violation of the terms and provisions of this Agreement which continues after reasonable written notice; willful or recurring insubordination; or failure to attempt to comply in good faith with the reasonable instructions of Employer. All compensation (including without limitation the Base Salary, Incentive Bonus, and all perquisites and fringe benefits) to which Employee would otherwise be entitled (for periods after the effective date of such termination) shall be discontinued following the effective date of termination and forfeited as of the effective date of such termination.
For purposes hereof the term cause" shall mean:

Examples of For purposes hereof the term in a sentence

  • For purposes hereof, the term “Free Trading” means that (a) the Exchange Shares have been cleared and approved for public resale by the compliance departments of Lender’s brokerage firm and the clearing firm servicing such brokerage, and (b) such shares are held in the name of the clearing firm servicing Lender’s brokerage firm and have been deposited into such clearing firm’s account for the benefit of Lender.

  • For purposes hereof, the term “Non-Volitional Transaction” means any transaction effected for any account over which the applicable Personnel had no direct or indirect influence or control, including transactions such as demutualization, stock splits, stock from mergers or spin-offs, automatic tender offers or stock dividends.

  • For purposes hereof, the term political contribution includes contributions to a current office holder, candidate, political party, or party or political committees (including committees supporting or opposing ballot initiatives, e.g.., referendum).

  • Definition of Non-Reportable Transaction For purposes hereof, the term “ Non-Reportable Transaction” means any transaction taken as part of an Automatic Investment Plan or a Non-Volitional Transaction.

  • For purposes hereof, any combined prospectus including the Fund Prospectus along with the Contract Prospectus or prospectus of other fund companies shall be referred to as a "Combined Prospectus." For purposes hereof, the term "Fund Portion of the Combined Prospectus" shall refer to the percentage of the number of Fund Prospectus pages in the Combined Prospectus in relation to the total number of pages of the Combined Prospectus.

  • For purposes hereof, the term “Parachute Payment Ratio” shall mean a fraction the numerator of which is the value of the applicable “parachute payment” for purposes of Section 280G of the Code and the denominator of which is the actual present value of such payment.

  • For purposes hereof, the term “Excluded Products” means the following: • Direct obligations of the government of the United States (Note: this does not include obligations of any state, including obligations of any municipality or state agency).

  • For purposes hereof, the term “Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001, as the same may be amended from time to time, and corresponding provisions of future laws.

  • For purposes hereof, the term “Non-Volitional Transaction” means any transaction effected in an account over which neither the applicable Personnel nor any of the Personnel’s relevant Immediate Family Members have any direct or indirect influence or control, including transactions such as demutualization, stock splits, stock from mergers or spin-offs, automatic tender offers or stock dividends.

  • For purposes hereof, the term "disability" means the inability of an optionee to perform the customary duties of his or her employment or other service for the Company or a Subsidiary by reason of a physical or mental incapacity which is expected to result in death or be of indefinite duration.

Related to For purposes hereof the term

  • The term Trustee" shall mean The Bank of New York Mellon and its successors in interest or any successor trustee appointed as provided in the Standard Terms and Conditions of Trust.

  • as used herein Reference Banks" means four major banks in the London interbank market selected by the Calculation Agent; and "LIBOR Business Day" means a day on which commercial banks are open for business (including dealings in foreign exchange and foreign currency deposits) in London. Exhibit A Officer's Certificate The undersigned, the [Chief Financial Officer] [Treasurer] [Executive Vice President] hereby certifies, pursuant to Section 7.3(b) of the Junior Subordinated Indenture, dated as of August 23, 2005, among FNB Financial Services Corporation (the "Company") and Deutsche Bank Trust Company Americas, as trustee, that, as of [date], [20__], the Company had the following ratios and balances: BANK HOLDING COMPANY As of [Quarterly Financial Dates] Tier 1 Risk Weighted Assets _________% Ratio of Double Leverage _________% Non-Performing Assets to Loans and OREO _________% Tangible Common Equity as a Percentage of Tangible Assets _________% Ratio of Reserves to Non-Performing Loans _________% Ratio of Net Charge-Offs to Loans _________% Return on Average Assets (annualized) _________% Net Interest Margin (annualized) _________% Efficiency Ratio _________% Ratio of Loans to Assets _________% Ratio of Loans to Deposits _________% Double Leverage (exclude trust preferred as equity) _________% Total Assets $_________ Year to Date Income $_________ * A table describing the quarterly report calculation procedures is provided on page __ [FOR FISCAL YEAR END: Attached hereto are the audited consolidated financial statements (including the balance sheet, income statement and statement of cash flows, and notes thereto, together with the report of the independent accountants thereon) of the Company and its consolidated subsidiaries for the three years ended _______, 20___.] [FOR FISCAL QUARTER END: Attached hereto are the unaudited consolidated and consolidating financial statements (including the balance sheet and income statement) of the Company and its consolidated subsidiaries for the fiscal quarter] ended [date], 20__. The financial statements fairly present in all material respects, in accordance with U.S. generally accepted accounting principles ("GAAP"), the financial position of the Company and its consolidated subsidiaries, and the results of operations and changes in financial condition as of the date, and for the [___ quarter interim] [annual] period ended [date], 20__, and such financial statements have been prepared in accordance with GAAP consistently applied throughout the period involved (expect as otherwise noted therein).

  • (iv) the term covered period’ means

  • (12) The term Phase II’ means—

  • (B) the term biomass’ means any organic matter that is available on a renewable or recurring basis, including agricul- tural crops and trees, wood and wood wastes and residues, plants (including aquatic plants), grasses, residues, fibers, and animal wastes, municipal wastes, and other waste materials.’’.

  • (j) The term claimed invention’ means the subject matter defined by a claim in a patent or an application for a patent.’’.

  • (f) The term inventor’ means the individual or, if

  • (A) the term major disaster’ means any disaster or catastrophe declared or designated by any State or Federal agency or department;

  • (5) the term rural area’ means a city, town, or unincor- porated area that has a population of not more than 10,000 inhabitants.

  • (8) The term Secretary’ means the Secretary of Defense.

  • (32) The term battery charger’ means a device that charges batteries for consumer products, including battery char- gers embedded in other consumer products.

  • (C) the term affiliate’ means a company that, by reason of ownership or control of 25 percent or more of the outstanding shares of any class of voting securities of one or more companies, directly or indirectly, controls, is controlled by, or is under common control with, another company.’’.

  • (9) The term economic impact’ means, with respect to a proposed or final rule—

  • (22) the term jail or lockup for adults’ means

  • (3) The term Treaty on Open Skies’ means the Treaty on Open Skies, signed at Helsinki on March 24, 1992.’’

  • (4) the term Secretary’ means the Secretary

  • (2) The term Director’ means the Director of

  • (i) the term claimed invention’ means the subject

  • (16) The term data asset’ means a collection

  • (15) The term data’ means recorded informa-

  • (20) The term commercial clothes washer’ means a soft- mount front-loading or soft-mount top-loading clothes washer that—

  • (18) The term Service’ means the Indian

  • (6) The term Secretary’ means the Secretary of

  • (34) The term dehumidifier’ means a self-contained, elec- trically operated, and mechanically encased assembly consisting of—

  • (iii) the term covered period’ means

  • (1) The term Board’ means the Board of Governors of the Federal Reserve System.