Non-Offer definition

Non-Offer shall have the meaning set forth in Paragraph 2(b) hereof.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Non-Offer shall have the meaning set forth in Paragraph 2(b) hereof. (u) "Non-Renewal" shall have the meaning set forth in Paragraph 2(b) hereof. (v) "Pay-out Period" shall mean the period commencing on the date of Termination of Employment and ending two years thereafter. (w) hereof. (x) (y) "Replacement Agreement" shall have the meaning set forth in Paragraph 2(b) "Retired Early Employee" shall have the meaning set forth in Paragraph 6 hereof. "Retirement" shall have the meaning set forth in Paragraph 7(f)(i) hereof. (z) "Section 4999 Determination" shall have the meaning set forth in Paragraph 6(g)(ii) hereof. (aa) "Target Bonus" shall have the meaning set forth in Paragraph 5(b) hereof. (bb) "Term" shall have the meaning set forth in Paragraph 2(a) hereof. (cc) "Termination of Employment" or "Termination of Employment of Executive" means the separation from service of the Executive, as defined in the regulations under Section 409A of the Code, with and from Arrow and its Affiliates. Generally, for purposes of Section 409A, a separation from service means a decrease in the performance of services to no more than 20% of the average for the preceding 36-month period, disregarding leaves of absence ofup to six months where there is a reasonable expectation the Executive will return. ( dd) "Termination of Employment of Executive as a Retired Early Employee" means a Termination of Employment of Executive pursuant to Paragraph 6(a) hereof, that is, either a Termination of Employment of Executive without Cause or a Termination of Employment of 16

Non-Offer shall have the meaning set forth in Paragraph 2(b) hereof. (u) “Non-Renewal” shall have the meaning set forth in Paragraph 2(b) hereof. (v) “Pay-out Period” shall mean the period commencing on the date of Termination of Employment and ending two years thereafter. (w) “Replacement Agreement” shall have the meaning set forth in Paragraph 2(b) hereof.

Examples of Non-Offer in a sentence

• Notwithstanding the foregoing, Buyer agrees and consents that Shareholder and its Affiliates may offer employment four (4) business day after the Closing Date or any time thereafter solely to the Non-Offer Employees.

• If Buyer determines that an employee is a Non-Offer Employee, Buyer will promptly notify the Seller that such Non-Offer Employee will not be offered employment with Buyer.

• If the Buyer determines that an Employee is a Non-Offer Employee, the Buyer will promptly notify the Sellers that such Non-Offer Employee will not be offered employment with the Buyer.

• The Non-Offer Severance Payment shall be (i) contingent upon the Terminal Employee’s timely execution, and non-revocation, of a Release Agreement and (ii) paid in a single lump sum, less applicable withholdings and deductions, no earlier than the day the Release Agreement becomes effective and irrevocable and not later than ten (10) business days following the date the Release Agreement becomes effective and irrevocable.

• The proceeds of each Loan used for a Non-Offer Purchase shall be credited directly either (i) to the Blocked Account (and the provisions of Clause 4.6 (Release from Blocked Account) shall apply and/or (ii) to the extent required, to the relevant broker, to be used to make payments for Non-Offer Purchases of Shares.

• Any former employee of VCB who accepts employment with FNB or FNBNC but whose employment with FNB or FNBNC is terminated as a result of an elimination of such person’s position with FNB or FNBNC (and not as a result of actions or inactions by such person that give rise to a termination of employment for cause) within six (6) months of the Closing Date shall also be considered a Non-Offer Employee.

More Definitions of Non-Offer

Non-Offer shall have the meaning set forth in Paragraph 2(b) hereof. (t) “Non-Renewal” shall have the meaning set forth in Paragraph 2(b) hereof. (u) “Pay-out Period” shall mean the period commencing on the date of Termination of Employment and ending two years thereafter. (v) “Replacement Agreement” shall have the meaning set forth in Paragraph 2(b) hereof. (w) “Retired Early Employee” shall have the meaning set forth in Paragraph 6 hereof. (x) “Retirement” shall have the meaning set forth in Paragraph 7(f)(i) hereof. (i) “Section 4999 Determination” shall have the meaning set forth in Paragraph 6(g)(ii) hereof. (y) “Target Bonus” shall have the meaning set forth in Paragraph 5(b) hereof. (z) “Term” shall have the meaning set forth in Paragraph 2(a) hereof. (aa) “Termination of Employment” or “Termination of Employment of Executive” means the separation from service of the Executive, as defined in the regulations under Section