Voluntary Option Sample Clauses

Voluntary Option. (a) Following the publication of the final staffing structure, the employer board shall invite written expressions of interest in the option of voluntary redundancy. Subject to the employee completing the required period of notice (two months, or less by mutual agreement) an employee whose application for voluntary redundancy is accepted shall receive her/his full entitlement to redundancy pay as prescribed by clause 10.2.12 (Surplus Staffing) of the Agreement.
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Voluntary Option. At any time after the Distribution Date ACNielsen, acting in good faith, may notify the Optionee in writing that it desires to sell all or a portion of the ACNielsen TAM Business to the Optionee (which notice, with respect to TAM Assets constituting less than all of the ACNielsen TAM Business, must be based upon ACNielsen's good faith intention to find a purchaser for such TAM Assets), by submitting to the Optionee with such notification the following items relating to all or the portion of the ACNielsen TAM Business being offered, (i) the Plan (unless ACNielsen has already submitted the Plan to the Optionee), (ii) a statement setting forth Book Value and an estimate of the TAM Purchase Price, each as of a reasonably recent date, setting forth in reasonable detail the basis for their respective calculations, (iii) the Financial Statements and (iv) schedules setting forth as of a recent date (but in no event dating back more than 60 days), all known Liabilities and known contingent Liabilities not reflected in the Financial Statements which individually or in the aggregate are material, threatened or pending litigation matters that individually or in the aggregate are material, material non-compliance with laws, material required consents, and material Assets (including contracts) which require approval to be transferred (the "Disclosure Schedules"). The items set forth in (i), (ii), (iii) and (iv), as they relate to all or any portion of the ACNielsen TAM Business being offered or sold, are hereinafter referred to as the "Option Information". Upon receipt of the Option Information, the provisions of Section 3.2(d), (e), (f) and (g) and the remaining provisions of this Article III shall apply.
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Voluntary Option. Following the publication of the final staffing structure, the employer board shall invite written expressions of interest in the option of voluntary redundancy. Subject to the employee completing the required period of notice (two months, or less by mutual agreement) an employee whose application for voluntary redundancy is accepted shall receive her/his full entitlement to redundancy pay as prescribed by clause 10.2.12 (Surplus Staffing) of the Agreement. An employee may continue to volunteer for this option without prejudice or withdraw from it at any point in the staffing merger process, providing the employer has not already accepted the application in writing. No letter of acceptance will be issued without the agreement of the Committee. The employer shall not be bound to agree to any application for voluntary redundancy.
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Voluntary Option. An excess employee will not be retrenched involuntarily if:
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Related to Voluntary Option

  • Exercise Period Upon Death or Disability If the Participant dies or becomes disabled (within the meaning of Section 22(e)(3) of the Code) prior to the Final Exercise Date while he or she is an Eligible Participant and the Company has not terminated such relationship for “cause” as specified in paragraph (e) below, this option shall be exercisable, within the period of one year following the date of death or disability of the Participant, by the Participant (or in the case of death by an authorized transferee), provided that this option shall be exercisable only to the extent that this option was exercisable by the Participant on the date of his or her death or disability, and further provided that this option shall not be exercisable after the Final Exercise Date.

  • Voluntary Termination Executive may voluntarily terminate Executive’s employment for any reason upon 30 days’ prior written notice. In such event, after the effective date of such termination, except as provided in Section 2.2 with respect to a resignation for Good Reason, no further payments shall be due under this Agreement, except that Executive shall be entitled to any benefits accrued in accordance with the terms of any applicable benefit plans and programs of the Company.

  • Termination of Option (a) Any unexercised portion of the Option shall automatically and without notice terminate and become null and void at the time of the earliest to occur of:

  • Voluntary Termination by Employee Subject to Section 12 hereof, the Employee may voluntarily terminate employment with the Bank during the term of this Agreement, upon at least 90 days' prior written notice to the Board of Directors, in which case the Employee shall receive only his compensation, vested rights and employee benefits up to the date of his termination (unless such termination occurs pursuant to Section 10(d) hereof or within the Protected Period, in Section 12(a) hereof, in which event the benefits and compensation provided for in Sections 10(d) or 12, as applicable, shall apply).

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