Service Portion definition
Examples of Service Portion in a sentence
The Service Portion of the Option and Performance Portion of the Option to the extent vested and exercisable (after taking into account the provisions of this Section 2(f)(iv)) as of the date of such termination shall remain exercisable through the earlier of (i) the first anniversary of the date of such termination or (ii) the Expiration Date, and shall thereafter terminate and expire without further consideration to the Optionee.
The Service Portion of the Option and the Performance Portion of the Option to the extent not vested and exercisable as of the date of such termination (after taking into account the provisions of this Section 2(f)(iv)) shall terminate and expire on the date of such termination without further consideration to the Optionee’s estate.
To the extent vested and exercisable as of the date of such termination (after taking into account the provisions of this Section 2(f)(i)), the Service Portion of the Option and the Performance Portion of the Option shall remain exercisable through the earlier of (i) the first anniversary of such termination of employment or (ii) the Expiration Date, and shall thereafter terminate without further consideration to the Optionee.
If the Optionee’s employment is terminated by the Company or its Affiliates for Cause, then any and all of the Service Portion of the Option and Performance Portion of the Option whether or not vested and exercisable at the time of the Optionee’s termination of employment shall immediately terminate and expire on the date of such termination of employment, without further consideration to the Optionee.
To the extent not vested and exercisable (after taking into account the provisions of this Section 2(f)(i)) as of the date of such termination of employment, the Service Portion of the Option shall terminate and expire on the date of such termination of employment without further consideration to the Optionee.
Tenant shall pay the Debt Service Portion of Fixed Rent directly to the Lender in accordance with the debt service payment requirements of the financing.
Both the Consulting Portion and the Board Service Portion shall be allocated 50% to Tranche 1, 25% to Tranche 2 and 25% to Tranche 3.
If, after determining the amount to be paid from the Escrow Fund on December 15, 2022 pursuant to Section 3.06 above, there are excess funds to be remaining in the Escrow Fund, the Escrow Agent is directed to deposit all such remaining funds with TMRS on December 15, 2022 to be applied by TMRS toward the Prior Service Portion or, if the Prior Service Portion has been paid in full, toward the Issuer’s account in the TMRS Benefit Accumulation Fund.
Text Recruit will refund to Subscriber any prepaid fees covering the remainder of the Subscription Period for the Terminated Service Portion following the effective date of termination with respect to such Terminated Service Portion, without imposing a penalty for such termination on Subscriber.
The Escrow Agent hereby creates on its books an irrevocable escrow account to be administered in accordance with the terms hereof and to be known as the City of IRVING, Texas POB Escrow Fund (the “Escrow Fund”) for the purpose of making payments to TMRS as set forth in Section 3.06 herein in order to pay the Prior Service Portion of the Issuer’s 2020 UAAL.