Voluntarily Terminate definition

Voluntarily Terminate. See Section 13.1.
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Voluntarily Terminate means any employee who resigns from the Company (or its directly or indirectly held Affiliates which shall include Xxxxxxx & Xxxxxx Group, LLC (and its subsidiaries)); provided, however, an employee shall not be deemed to “Voluntarily Terminate” his employment with the Company (or its directly or indirectly held Affiliates which shall include Xxxxxxx & Xxxxxx Group, LLC (and its subsidiaries)) if (x) such employee terminates his employment with the Company (or its directly or indirectly held Affiliates which shall include Xxxxxxx & Xxxxxx Group, LLC (and its subsidiaries)) within 4 months after the end of a calendar year in which such employee’s total compensation decreases by more than 20 percent from his compensation for the prior calendar year and if such reduction is solely as a result of sales management decisions by the Company (or its directly or indirectly held Affiliates which shall include Xxxxxxx & Xxxxxx Group, LLC (and its subsidiaries)) taken without such employee’s consent and not of general application to all employees of a particular department or category (for example, reassignment of an employee’s client to another sales representative and that are not a consequence of a client’s written or oral request or (y) such employee is terminated as a result of a Disability and after such employee no longer suffers such Disability offers his services to the Company (or its directly or indirectly held Affiliates which shall include Xxxxxxx & Xxxxxx Group, LLC (and its subsidiaries)) and the Company (or its directly or indirectly held Affiliates which shall include Xxxxxxx & Xxxxxx Group, LLC (and its subsidiaries)) refuses to employ such employee at a job of similar title and salary ((x) and (y) above referred to as “Involuntary Termination”).
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Examples of Voluntarily Terminate in a sentence

  • S&C 17-35 Reasonable Assurance Will Apply to Providers and Suppliers Who Voluntarily Terminate and Seek New Certification If a Termination Action by the State Agency Had Been Initiated.

  • The motion carried, and a Resolution Authorizing Request to Voluntarily Terminate the Revolving Loan Fund (RLF) CARES Act Supplemental Economic Development Administration Award ID 08-79-05408 was approved.

  • Ms. Dorothy Morgan of Washington County motioned to approve a Resolution Authorizing Request to Voluntarily Terminate the Revolving Loan Fund (RLF) CARES Act Supplemental Economic Development Administration Award ID 08-79-05408.Judge Keith Schroeder of Burleson County seconded the motion.

  • Extend Deadline for ACOs to Voluntarily Terminate Participation Without Financial RiskCMS did not change its current policy requiring ACOs to terminate participation effective on or before June 30 in order to leave the Program without financial risk for shared losses.

  • If the Exam Board has determined that the student has passed the final examination, the Executive Board will award the student a Bachelor of Arts.

  • ACOs who Voluntarily Terminate after June 30th of a PY are subject to financial reconciliation.

  • Paragraph 5.64: The FCA states that firms should inform the customer in good time of their right to Voluntarily Terminate (VT) the agreement and liabilities thatresult.

  • If the Voluntary Termination is granted the participant will be released from program rules and requirements effective immediately.Participants can revoke their request to Voluntarily Terminate at any time up until the final signature on the request that is done in court in front of the Judge.

  • When an Independent Representative who has achieved rank and has been awarded a RAB thereafter chooses to Voluntarily Terminate and subsequently re-applies, that Independent Representative will NOT be eligible to receive a bonus for re-achieving any otherwise awardable rank previously achieved or for which rank he or she had received RAB before Termination, and will be limited to receiving only the Unlimited portion of the RAB (not the excelerank portion).

Related to Voluntarily Terminate

  • Voluntary Termination means the termination by Executive of Executive's employment following a Change in Control which is not the result of any of clauses (i) through (v) set forth in the definition of Involuntary Termination above.

  • Involuntary Termination means a termination of your employment with the Company pursuant to either (i) a termination initiated by the Company without Cause, or (ii) your resignation for Good Reason, and provided in either case such termination constitutes a Separation from Service. An Involuntary Termination does not include any other termination of your employment, including a termination due to your death or disability.

  • Voluntary Termination for Good Reason means that the Executive voluntarily terminates his employment after any of the following are undertaken without Executive’s express written consent:

  • Qualified Termination has the meaning set forth in Section 4(b).

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge by the Company other than for Cause. The termination of Executive’s employment as a result of Executive’s death or disability will not be deemed to be an Involuntary Termination Without Cause.

  • Involuntary Termination of Employment means the Termination of Service by the Company or Subsidiary other than a termination for Cause, or termination of employment by a Participant Employee for Good Reason.

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

  • Constructive Termination Without Cause means the termination of the Executive’s employment at his initiative after, without the Executive’s prior written consent, one or more of the following events:

  • Automatic Early Termination provision of Section 6(a) will not apply to Party A and will not apply to Party B.

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

  • Constructive Termination means:

  • Without Cause Termination or “Terminated Without Cause” means termination of the Executive’s employment by the Company other than due to death, disability, or Termination for Cause.

  • Good Reason means:

  • Employment Termination means the effective date of: (i) Executive’s voluntary termination of employment with the Company with Good Reason, or (ii) the termination of Executive’s employment by the Company without Good Cause.

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

  • Effective Termination Date has the meaning set forth in Section 10(b) hereof.

  • Qualifying Termination means a termination of Executive’s employment (i) by the Company other than for Cause or (ii) by Executive for Good Reason. Termination of Executive’s employment on account of death, Disability or Retirement shall not be treated as a Qualifying Termination.

  • Good Reason Termination means a termination of employment or service initiated by the Participant upon or after a Change of Control upon one or more of the following events:

  • Termination for Good Reason means a Termination of Employment by Executive for a Good Reason.

  • Termination Without Cause means the termination of the Employee’s employment by the Employer for any reason other than (i) Termination With Cause, or (ii) a termination by the Employer due to the Employee’s death or disability.

  • CIC Qualifying Termination means a Separation (A) within twelve (12) months following a Change in Control or (B) within three (3) months preceding a Change in Control (but as to part (B), only if the Separation occurs after a Potential Change in Control) resulting, in either case (A) or (B), from (i) the Company terminating the Executive’s employment for any reason other than Cause or (ii) the Executive resigning his or her employment for Good Reason. A termination or resignation due to the Executive’s death or disability shall not constitute a CIC Qualifying Termination. A “Potential Change in Control” means the date of execution of a legally binding and definitive agreement for a corporate transaction which, if consummated, would constitute the applicable Change in Control (which for the avoidance of doubt, would include, for example, a merger agreement, but not a term sheet for a merger agreement). In the case of a termination following a Potential Change in Control and before a Change in Control, solely for purposes of benefits under this Agreement, the date of Separation will be deemed the date the Change in Control is consummated.

  • Early Termination means the Termination of Employment before Normal Retirement Age for reasons other than death, Disability, Termination for Cause or following a Change of Control.

  • Employment Termination Date means, with respect to a Participant, the first day upon which the Participant no longer has an employment or service relationship with the Company or any Related Company.

  • Company Termination Event means any of the following:

  • 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.

  • Early Termination Date means the date determined in accordance with Section 6(a) or 6(b)(iv).