Special Termination Option definition

Special Termination Option means Executive’s right to terminate his employment hereunder within one year of the first occurrence of a CEG Ownership Event.
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Special Termination Option means Executive’s right to terminate his employment hereunder within one year of the first occurrence of a PostRock Ownership Event.
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Examples of Special Termination Option in a sentence

  • To validly exercise the Special Termination Option, Landlord shall be required to demonstrate that during the portion of the Term through the date on which the Special Termination Option is being exercised, there has been a pattern of Non-Termination Events of Default which were under the control of Tenant and which were, by their nature, curable.

  • Landlord shall not have the right to exercise the Special Termination Option for financial or economic purposes.

  • Notwithstanding the foregoing, Landlord shall have the right and option, exercisable in its sole discretion, to withdraw its exercise of the Special Termination Option by providing written notice of such withdrawal of the exercise of the Special Termination Option to Tenant on or before the date ("Hard Date") which is thirty (30) days after the date on which the Buyout Amount for such exercise of the Special Option is fully and finally determined pursuant to the provisions of Section 3.4 hereof.

  • In order to validly exercise the Special Termination Option, the Landlord must provide written notice to the Tenant of its exercise of the Special Termination Option at least thirty (30) days before, but no more than ninety (90) days before, the end of the fifth Lease Year or the tenth Lease Year.

  • The decision of the panel of Qualified Retired Judges as to whether the Special Termination Option was validly exercised and shall be the final and binding determination on such issue for all purposes hereof and each party hereto agrees (subject to the rights and recourses expressly provided for in the New Jersey Arbitration Act) not to institute any litigation concerning the decision of the panel of Qualified Retired Judges (except that errors of law shall be subject to appeal).

  • The effective date of the termination of this Lease pursuant to a valid exercise of the Special Termination Option shall be determined in accordance with the following provisions: (1) If the Hard Date with respect to such exercise of the Special Termination Option occurs within ninety (90) days following the end of a Lease Year, then the effective date of the termination of this Lease as a result of the exercise of such Special Termination Option shall be deemed to be the last day of such Lease Year.

  • Each party and its representative shall be entitled to attend such meeting and be given an opportunity to present testimony, other evidence and oral arguments to the three Qualified Retired Judges in favor of its position in connection with the determination as to whether the Special Termination Option was validly exercised.

  • Section 3.3 Arbitration for Validity of Exercise of Special Termination Option.

Related to Special Termination Option

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Termination Option Event means an event of a kind defined as such in Section 4.1, 4.2 or 4.8.

  • Special Termination Notice means the Notice of Special Termination substantially in the form of Annex VII to this Agreement.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Optional Termination The termination of the trust created hereunder in connection with the purchase of the Mortgage Loans pursuant to Section 9.01(a) hereof.

  • Extended Termination Date has the meaning specified in Section 2.16(c).

  • Partial Termination has the meaning set forth in the Section 6.3(a).

  • Termination Period means the period of time beginning with a Change in Control and ending on the earlier to occur of:

  • Early Termination Notice is defined in Section 4.2 of this Agreement.

  • Termination Notice means the communication issued in accordance with this Agreement by one Party to the other Party terminating this Agreement;

  • Initial Termination Date has the meaning set forth in Section 8.2(a).

  • Outside Termination Date shall have the meaning set forth in Section 8.01(f).

  • Optional Termination Date Any Distribution Date on or after which the Stated Principal Balance (after giving effect to distributions to be made on such Distribution Date) of the Mortgage Loans is less than 10.00% of the Cut-off Date Balance.

  • Additional Termination Event has the meaning specified in Section 5(b).

  • Potential Termination Event means an event which, with the giving of notice and/or the lapse of time, would constitute a Termination Event.

  • Termination for Cause or "Cause" shall mean termination because of the Executive's personal dishonesty, willful misconduct, any breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, conviction of a felony with respect to the Bank or the Company or any material breach of this Agreement. For purposes of this Section, no act, or the failure to act, on the Executive's part shall be "willful" unless done, or omitted to be done, in bad faith and without reasonable belief that the action or omission was in the best interest of the Company or its affiliates. Any act, or failure to act, based upon authority given pursuant to a resolution duly adopted by the Board or based upon the written advice of counsel for the Company shall be conclusively presumed to be done, or omitted to be done, by the Executive in good faith and in the best interests of the Company. Notwithstanding the foregoing, the Executive shall not be deemed to have been terminated for Cause unless and until there shall have been delivered to him a Notice of Termination which shall include a copy of a resolution duly adopted by the affirmative vote of not less than three-fourths of the members of the Board at a meeting of the Board called and held for that purpose (after reasonable notice to the Executive and an opportunity for him, together with counsel, to be heard before the Board), finding that in the good faith opinion of the Board, the Executive was guilty of conduct justifying Termination for Cause and specifying the particulars thereof in detail. The Executive shall not have the right to receive compensation or other benefits for any period after Termination for Cause.

  • Lease Termination Date means the last day of the Lease Term.

  • Post-Termination Period means the twelve (12) month period beginning on the Termination Date.

  • Automatic Termination shall have the meaning set forth in Section 2.3.2.

  • Service Termination Date means the last Day in a month upon which Service shall terminate, as set forth in a Schedule of Service and subject to any renewal thereof.

  • Restriction Termination Date means the first day on which the Board of Directors of the Corporation determines that it is no longer in the best interests of the Corporation to attempt to, or continue to, qualify as a REIT.

  • Agreement Termination Date is defined in Section 7.4.

  • Normal Termination means termination of employment or service with the Company and Affiliates: