Payment Trigger definition
Payment Trigger means the occurrence of a Change in Control during the term of this Agreement coincident with or followed at any time before the end of the 12th month immediately following the month in which the Change in Control occurred, by the termination of the Executive’s employment with the Corporation or a Subsidiary for any reason other than (A) by the Executive without Good Reason, (B) by the Corporation as a result of the Disability of the Executive or with Cause, or (C) as a result of the death of the Executive.
Payment Trigger means any of the following that occurs during the term of this Agreement:
(i) termination of the Executive’s employment by the Company without Cause, at any time other than within twelve (12) months following a Change in Control, and other than as a result of the Executive’s Disability; or
(ii) Constructive Termination of the Executive while the Executive remains employed by the Company or its successor, or termination of the Executive’s employment by the Company without Cause within twelve (12) months following a Change in Control occurring during the term of this Agreement. For the avoidance of doubt, a termination of the Executive by the Company for Disability shall not be deemed a termination of the Executive without Cause.
Payment Trigger means any of the following that occurs during the term of this Agreement:
Examples of Payment Trigger in a sentence
After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Bank, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate.
After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Institution, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared-Loss Amount reported on the Monthly Certificate.
After the Shared Loss Payment Trigger is reached, not later than fifteen (15) days after the date on which the Receiver receives the Monthly Certificate, the Receiver shall pay to the Assuming Institution, in immediately available funds, an amount equal to eighty percent (80%) of the Monthly Shared- Loss Amount reported on the Monthly Certificate.
In no event shall payments in accordance with this Agreement be made in respect of more than one Payment Trigger.
Any Change in Control during the term of this Agreement that for any reason ceases to constitute a Change in Control or is not followed by a Payment Trigger shall not effect a termination or lapse of this Agreement.
More Definitions of Payment Trigger
Payment Trigger means the termination of Executive’s employment with the Corporation or an Affiliate in a manner that constitutes a “separation from service”, as defined in Section 409A, (i) for any reason other than (a) by Executive without Good Reason, (b) by the Corporation as a result of the Disability of Executive or with Cause or, (c) as a result of the death of Executive; and (ii) coincident with or within one year following a Change in Control.
Payment Trigger means the occurrence of a Change in Control during the term of this Agreement coincident with or followed (i) at any time before the end of the 12th month immediately following the month in which the Change in Control occurred, by the termination of the Executive's employment with the Corporation or a Subsidiary for any reason other than (A) by the Executive without Good Reason, (B) by the Corporation as a result of the Disability of the Executive or with Cause or, (C) as a result of the death of the Executive or (ii) in the event the Executive remains continuously employed by the Corporation or a Subsidiary until the end of the 12th month immediately following the month in which the Change in Control occurred, the termination of the Executive's employment with the Corporation or a Subsidiary, at any time during the three month period immediately following the expiration of such 12-month period, for any reason other than (A) by the Corporation as a result of the Disability of the Executive or (B) as a result of the death of the Executive.
Payment Trigger has the meaning set forth in Section 9.1.3(a).
Payment Trigger means the occurrence of both of (i) a Change in Control during the term of this Agreement and (ii) at any time on or after such Change in Control, but before the end of the Protected Period, the termination of the Executive's employment with the Corporation or a Subsidiary for any reason other than (A) by the Executive without Good Reason, (B) by the Corporation (or a Subsidiary) as a result of the Disability of the Executive or with Cause or (C) as a result of the death of the Executive; provided, however, that if the Executive's employment is terminated prior to a Change in Control at the request of a Person engaged in a transaction or series of transactions that would result in a Change in Control, such termination shall be deemed to occur during the Protected Period. Any transfer of the Executive's employment from the Corporation to a Subsidiary, from a Subsidiary to the Corporation, or from one Subsidiary to another Subsidiary shall not by itself constitute a termination of the Executive's employment for purposes of this Agreement.
Payment Trigger has the meaning as set forth in Section 3.1.2(b).
Payment Trigger means, for purposes of this Section 3.1.2, that either (i) BSP exercises the BSP Option for the [***] pursuant to this Section 3.1.2(b) later than [***] a Biologic Collaboration Compound within the [***] in accordance with [***], or (ii) BSP exercises the BSP Option for the [***] pursuant to this Section 3.1.2(b) within [***] a Biologic Collaboration Compound within [***] in accordance with Section 2.4, but BSP [***]. Notwithstanding the foregoing, a Payment Trigger shall not occur if [***], provided that for clarity, in such event, the terms and conditions of Section 3.1.4 shall continue apply. However, for clarity, regardless of whether a Payment Trigger occurs, [***].
Payment Trigger means the occurrence of a Change in Control after the Spin-Off and during the Term of this Agreement coincident with or followed at any time before the end of the second anniversary of the Change in Control by the termination of the Executive’s employment with CS&L, including for purposes of this Section 7.5 any successor to CS&L’s business or assets by operation of law or otherwise, in a manner that constitutes a “separation from service,” as defined in Section 409A of the Internal Revenue Code of 1986, as amended from time to time, for any reason other than (i) by the Executive without Good Reason, (ii) by CS&L, including for purposes of this Section 7.5 any successor to CS&L’s business or assets by operation of law or otherwise, as a result of Executive’s Disability or with Cause or, (iii) as a result of Executive’s death.