Retention Date Sample Clauses

Retention Date. For purposes of this Agreement, the “Retention Date” shall mean the earlier of (i) the date that is six months following the Closing Date, or (ii) the date immediately preceding the date that Executive’s employment is terminated by Dell without Cause or by Executive for Good Reason, provided such termination occurs during the period beginning at the Effective Time and ending on the date that is six months following the Closing Date (the “Retention Period”). It is the intention of the parties hereto that Executive’s employment with Dell will end effective as of the day following the Retention Date. Until the Retention Date, Executive will remain in Executive’s current position at Xxxxx Systems Corporation and/or its successor and Executive’s primary responsibilities will be to complete and/or assist in the transition of ongoing projects, and to perform other duties and special projects, as assigned by Executive’s manager or other person or entity to whom Executive reports. During this period, Executive will act in a professional manner and abide by the Non-Disparagement provision stated below. Nothing in this Agreement confers upon Executive a right to be a continuing employee of Dell, or imposes on Dell an obligation to continue Executive’s employment relationship, if Executive violates any of the terms of this Agreement, any of the provisions of any agreements between Executive and Dell, or Dell’s Code of Conduct or any other Dell policy generally applicable to employees of Executive’s level and position. Any such violation shall constitute “Cause” for Executive’s termination. As used herein, the term “Good Reason” means: (a) a material reduction of Executive’s base salary, unless such reduction is part of an across-the-board reduction of no more than 10% of base salary of all employees of Dell who are in the same salary grade as you as of the time of such reduction, (b) a material reduction of the employee benefits enjoyed by you, under the qualified and nonqualified employee benefit and welfare plans of Dell, unless such reduction is part of an across-the-board reduction of employee benefits for all employees of Dell who are in the same salary grade as Executive as of the time of such reduction; (d) Dell requiring you to be based at any office or Xxxxxxx Xxxxxxx location that is more than 35 miles from Executive’s principal work location and residence as of the Effective Date or increasing the amount of business travel Executive is required to do (away ...
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Retention Date a. You agree that you will not voluntarily resign on or before January 31, 2021 (the “Retention Date”) (i) without Good Reason, or (ii) pursuant to a claim of Good Reason, where your claim of Good Reason is based solely upon the occurrence or anticipated occurrence of the LVMH Transaction (and not, for the avoidance of doubt, upon the occurrence of a separate event, such as a material reduction in your salary, that may relate to or arise from the LVMH Transaction).
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Retention Date. Your service as an employee with the Company will end on June 30, 2022 (the “Retention Date”). For avoidance of doubt, the termination of your employment on the Retention Date, under the terms of this Agreement, is not a Qualifying Termination under the Executive Severance Agreement between you and the Company dated November 7, 2017 (the “Executive Severance Agreement”).
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Retention Date. “Retention Date” shall mean the date that is the one year anniversary of the Effective Date.
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Retention Date. For purposes hereof, the “First Retention Date” shall be March 6, 2015 and the “Second Retention Date” shall be March 6, 2016. The First Retention Date, together with the Second Retention Date shall be referred to as the “Retention Dates.”
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Related to Retention Date

  • Retention Period Unless earlier terminated as hereinafter provided, this Agreement shall commence on the Effective Date hereof and shall end on March 31, 2016 (the “Retention Period”). This Agreement shall not be considered an employment agreement and in no way guarantees Executive the right to continue in the employment of the Employer or its affiliates. Executive’s employment is considered employment at will, subject to Executive’s right to receive payments upon certain terminations of employment as provided below.

  • Separation Date Executive’s employment with the Company is terminated effective , 20 (the “Separation Date”). Executive agrees to return all Company property to the Company no later than the Separation Date. Except as specifically provided below, Executive shall not be entitled to receive any compensation or other benefits of employment following the Separation Date.

  • Retention Bonus You will be eligible for a lump sum cash payment on the first anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “First Year Retention Bonus”). You will be eligible for a lump sum cash payment on the second anniversary of the Acquisition Date provided that you are employed by the Company as of such date in an amount equal to the sum of (i) 100% of your annual base salary in effect as of the Acquisition Date, plus (ii) 100% of the annual bonus paid to you for the Company’s fiscal year ending December 31, 2008 (such sum, the “Second Year Retention Bonus”). Except as set forth below, you will not be eligible for the retention bonuses as set forth above if your employment terminates prior to such applicable anniversary. In the event of your Voluntary Termination for Good Reason (as defined below), the termination of your employment by the Company other than for Justifiable Cause, or in the event of your death or “permanent disability” as defined in the Company’s long-term disability policy (i) during the first twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the First Year Retention Bonus, counting full months of employment with the Company from the Acquisition Date through such termination, and (ii) during the second twelve month period following the Acquisition Date, you will be eligible for a pro rata portion of the Second Year Retention Bonus, counting full months of employment with the Company from the first anniversary of the Acquisition Date through such termination. Any prorated payment pursuant to the preceding sentence shall be made within 10 business days of such termination. If the annual bonus payment for the Company’s fiscal year ending December 31, 2008 has not been paid to you or otherwise determined by the Company as of the date the prorated payment is due, the prorated payment shall be calculated using your target bonus amount for 2008. Payments under this Section 8 shall be net of any applicable withholding taxes. For purposes of this Section 8, “Voluntary Termination for Good Reason” shall have the same meaning as given to such term under the Key Employee Change in Control Severance Plan as in effect immediately prior to the Acquisition Date, but with respect to the First Year Retention Bonus only, determined without regard to clause (ii) thereof.”

  • Termination Date The Executive’s “Termination Date” shall be:

  • Employment Termination Date The Employment Termination Date shall be as follows: (i) if the Executive’s employment is terminated by Executive’s death, the date of Executive’s death; (ii) if the Executive’s employment is terminated pursuant to any other provision of this Agreement, the date specified in the Notice of Termination (the “Employment Termination Date”).

  • Facility Termination Date Any outstanding Loans and all other unpaid Obligations (other than contingent indemnity obligations) shall be paid in full by the Borrower on the Facility Termination Date. Notwithstanding the termination of this Agreement on the Facility Termination Date, until all of the Obligations (other than contingent indemnity obligations) shall have been fully paid and satisfied and all financing arrangements among the Borrower and the Lenders hereunder and under the other Loan Documents shall have been terminated, all of the rights and remedies under this Agreement and the other Loan Documents shall survive.

  • Vesting Date All remaining shares of Restricted Stock will become vested on the Vesting Date.

  • Retention Bonuses Provided Executive becomes and remains an active employee of Mercantile, Mercantile will pay Executive retention bonuses in accordance with the following schedule:

  • Resignation Date The resignation of the Escrow Agent will be effective on the date (the “Resignation Date”) that is 15 days after the date of receipt of the notice referred to in subsection 6.1 or on such other date as the parties hereto may agree upon.

  • Start Date The Executive’s employment with the Company shall commence on March 30, 2018 (the “Start Date”).

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