Voluntary Termination Event definition

Voluntary Termination Event means a voluntary resignation by the Employee of the Employee's employment with GE.
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Voluntary Termination Event means, in respect of Xxx Xxxxx, or an employee, of the QNX Group, the occurrence of any of the following events:
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Examples of Voluntary Termination Event in a sentence

  • If Executive's employment is terminated as a result of a Voluntary Termination Event, Executive will receive payment of any Base Salary and Bonus earned but unpaid and any other amounts due to Executive from SynQuest (whether pursuant to benefit plans or otherwise) through the Date of Termination.

  • If the Executive's employment hereunder is terminated prior to its expiration as a result of the occurrence of a Voluntary Termination Event or a Good Cause Termination Event, as of the date of the termination of Executive's employment hereunder, the Company shall have no further obligation to pay to the Executive any Base Salary, Bonus or any other benefits pursuant to this Agreement.

  • The Retention Payment shall be paid to the Employee in two equal payments on each of January 1, 2002 and January 1, 2003; provided, that no such Retention Payment shall be made if the Employee is not an employee of GE on such date as a result of a Good Cause Termination Event or a Voluntary Termination Event.

  • If Employee's employment hereunder is terminated upon the scheduled expiration of the Term or as a result of the occurrence of a Voluntary Termination Event or a Good Cause Termination Event, as of the date of the termination of Employee's employment, the Company shall have no further obligation to pay to Employee any Base Salary, Bonus or any other additional benefits pursuant to this Agreement.

  • The Service Term shall continue until (i) GE provides Employee with a minimum of ninety (90) days prior written notice of termination of Employee's employment or (ii) after the expiration of the initial twelve month service period, Employee provides GE with a minimum of ninety (90) days prior written notice of a Voluntary Termination Event.

  • This Agreement shall become effective as of the date hereof and shall continue until the occurrence of a Good Cause Termination Event or Voluntary Termination Event (in either case, the "Term"); provided, that the rights and obligations of the parties under Section 4 hereunder shall survive any such termination.

  • If the employment of Xx. Xxxxxx is terminated on or prior to January 1, 2003, other than as a result of a Good Cause Termination Event or a Voluntary Termination Event, GE will pay him a severance payment equal to the greater of 100% of his actual base salary plus earned bonus for the year ended June 30, 2001 or actual base salary plus earned bonus for the year ended June 30, 2000.

  • The agreements and covenants set ------------------------------ forth in Section 6.1 hereof shall survive the termination of the Executive's employment under this Agreement for any reason, and the agreements and covenants set forth in Section 6.2 hereof shall survive the termination of the Executive's employment under this Agreement as a result of the occurrence of a Voluntary Termination Event or a Good Cause Termination Event.

  • The agreements and covenants set forth in Section 6.1 hereof shall survive the termination of the Executive's employment under this Agreement for any reason, and the agreements and covenants set forth in Section 6.2 hereof shall survive the termination of the Executive's employment under this Agreement as a result of the occurrence of a Voluntary Termination Event or a Good Cause Termination Event.

  • Executive may voluntarily terminate his employment under this Agreement at any time by delivering to the Board a Notice of Termination as specified in Section 7(e) below (a "Voluntary Termination Event"); provided, however, if at the time of such voluntary termination by Executive, Executive could be terminated as a result of a Good Cause Termination Event, Executive will be deemed to have been terminated as a result of a Good Cause Termination Event instead of a Voluntary Termination Event.

Related to Voluntary Termination Event

  • Voluntary Termination means termination by the Employee of the Employee's employment with the Company, excluding termination by reason of Employee's death or disability as described in Sections 2.5 and 2.6.

  • Company Termination Event means any of the following:

  • 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:

  • 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.

  • Exercise Termination Event (i) the Effective Time (as defined in the Merger Agreement) of the Merger; (ii) termination of the Merger Agreement in accordance with the provisions thereof if such termination occurs prior to the occurrence of an Initial Triggering Event, except a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional); or (iii) the passage of 12 months after termination of the Merger Agreement if such termination follows the occurrence of an Initial Triggering Event or is a termination by Grantee pursuant to Section 8.1(d) of the Merger Agreement (unless the breach by Issuer giving rise to such right of termination is non-volitional) (provided that if an Initial Triggering Event continues or occurs beyond such termination and prior to the passage of such 12-month period, the Exercise Termination Event shall be 12 months from the expiration of the Last Triggering Event but in no event more than 18 months after such termination). The "Last Triggering Event" shall mean the last Initial Triggering Event to expire. The term "Holder" shall mean the holder or holders of the Option.

  • Potential Termination Event means an event which but for the lapse of time or the giving of notice, or both, would constitute a Termination Event.

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

  • Involuntary Termination Without Cause means Executive’s dismissal or discharge 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.

  • Early Termination Event has the meaning specified in Section 9.2.

  • Swap Termination Event means any event defined as a “Termination Event” in the Interest Rate Swap Agreement.

  • Good Reason Event means (1) fraud, criminal conduct or willful misconduct by or on the part of the Company, (2) a representation or warranty made by the Company herein proving to be untrue in any material respect, or (3) a default in the due performance or observance by the Company of any covenant or agreement contained in this Agreement and such default continuing unremedied for a period of 30 days after written notice thereof to the Company by the Dealer Manager.

  • Control Termination Event shall have the meaning given to such term or any one or more analogous terms in the Lead Securitization Servicing Agreement.

  • ERISA Termination Event means (i) a “Reportable Event” described in Section 4043 of ERISA and the regulations issued thereunder (other than a “Reportable Event” not subject to the provision for 30-day notice to the PBGC under such regulations), or (ii) the withdrawal of a Borrower or any of its ERISA Affiliates from a “single employer” Plan during a plan year in which it was a “substantial employer”, both of such terms as defined in Section 4001(a) of ERISA, or (iii) the filing of a notice of intent to terminate a Plan or the treatment of a Plan amendment as a termination under Section 4041 of ERISA, or (iv) the institution of proceedings to terminate a Plan by the PBGC or (v) any other event or condition which might constitute grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Plan or (vi) the partial or complete withdrawal of a Borrower or any ERISA Affiliate of such Borrower from a “multiemployer plan” as defined in Section 4001(a) of ERISA.

  • Mandatory Termination Date means the "Termination Date" set forth under "Investment Summary--Essential Information" in the Prospectus for the Trust.

  • 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:

  • Involuntary Termination of Employment means any termination of Executive's employment by the Company and its subsidiaries, other than a termination for Cause or due to death or Disability.

  • Commitment Termination Event means the earlier of (a) automatically and without notice or further action, the occurrence of any Event of Default described in Section 7.01(i) (Bankruptcy, Insolvency, etc.) with respect to the Borrower and (b) the occurrence and continuation of any other Event of Default under this Agreement pursuant to which either a Commitment Termination Event has been expressly declared or a declaration of the Loan to be due and payable has been given, in each case pursuant to Section 7.03 (Action if other Event of Default).

  • Constructive Termination means:

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

  • Consultation Termination Event shall have the meaning assigned to such term or an analogous term in the Servicing Agreement.

  • Termination Upon a Change in Control means a termination of Officer’s employment with Corporation within 12 months following a “Change in Control” that constitutes a Termination Other Than For Cause described in Section 2.1(b).

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

  • 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:

  • Termination for Cause or "Cause" shall mean personal dishonesty, incompetence, willful misconduct, breach of fiduciary duty involving personal profit, intentional failure to perform stated duties, willful violation of any law, rule or regulation (other than traffic violations or similar offenses), or final cease and desist order, or any material breach of this Agreement, in such case as measured against standards generally prevailing at the relevant time in the savings and community banking industry. 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 Bank 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 Bank 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 Bank. 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.

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

  • Series Termination Date means, with respect to any Series of Certificates, the date stated in the related Supplement.