Phase 2 Period definition
Examples of Phase 2 Period in a sentence
Notwithstanding anything herein to the contrary, during the Transition Period and prior to the end of the Phase 2 Period (i) Executive agrees that she shall not resign or retire from employment (other than due to her Disability or in the case of her death), and (ii) the Company agrees that Executive’s employment shall not be terminated by the Company without Cause.
EACH OF THE PARTIES TO THIS AGREEMENT WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY CLAIM, ACTION, OR PROCEEDING BASED UPON, ARISING OUT OF, RELATING TO OR IN CONNECTION WITH, THIS AGREEMENT, AND THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT, OR OTHERWISE IN CONNECTION WITH THE ENFORCEMENT OF ANY RIGHTS OR OBLIGATIONS UNDER THIS AGREEMENT.
Notwithstanding anything herein to the contrary, Executive’s outstanding long-term incentive awards shall continue to vest in accordance with the terms of Criteo S.A.’s equity plans and the applicable award agreements during Executive’s continued employment with the Company, including the Phase 1 Period and the Phase 2 Period, based on Executive’s continued employment and based on actual Company performance.
During the Phase 2 Period, sixty thousand kilowatts (60,000 kW) of reliable electrical capacity which SELLER agrees herein to make available to HELCO from the Facility at the Metering Point under HELCO Dispatch, unless adjusted as a result of a subsequent Capacity Test at the end of the Corrective Period pursuant to Section 5.1B, if any, or by agreement of the parties.
In the event that the successor Chief Executive Officer begins employment after December 31, 2024, Executive shall be paid her Target Bonus with respect to the 2025 calendar year, prorated for the number of days worked in such calendar year until the beginning of Phase 2 Period, as defined below.
Such subscriptions by Focus and Daewoo shall be made on a Business Day prior to the commencement of the Phase 2 Period (as defined below) as agreed between the Parties (the “Phase 2 Closing Date”).
Any such expenses to be reimbursed to Executive shall be paid within 30 days of submission of proper invoices by Executive, but no later than March 15th of the calendar year immediately following the year in which the Phase 2 Period ends.
In addition, Executive will continue to be entitled to the Tax Assistance benefits (until the end of the second calendar month following the end of the Phase 2 Period), as more fully described in the Additional Benefits Letter, by and between the Company and Executive.
Without limiting the foregoing, Focus shall exercise its commercially reasonable efforts to cause the JVC to complete such drilling program during the Phase 2 Period by the date falling sixty (60) days prior to the expiration date of the Phase 2 Period.
Executive acknowledges and agrees that Executive shall not be eligible to receive any Bonus or other short-term incentive for services performed during the Phase 2 Period.