Balance of the Term definition

Balance of the Term means the period beginning on the date of termination and ending on the date that the Employment Period would have ended pursuant to this Section 3 due to lapse of time (assuming no further extensions of the Employment Period beyond those already approved as of the date of termination), without regard to Section 14.
Sample 1Sample 2Sample 3
Balance of the Term means, on any specific date, the period of time that commences on such date and ends on the then-current Scheduled Maturity Date.
Sample 1
Balance of the Term means the period commencing on the Calculation Date, and ending on December 31, 2040.
Sample 1

Examples of Balance of the Term in a sentence

  • On the Closing Date, the proceeds of the Term C Loans, together with other funds (if any) provided by the Borrower, were deposited into the applicable Term C Loan Collateral Accounts such that the Term C Loan Collateral Account Balance of the Term C Loan Collateral Account established for the benefit of each Term Letter of Credit Issuer equaled at least the Term Letters of Credit Outstanding of such Term Letter of Credit Issuer.

  • For purposes of this Agreement, "Balance of the Term" shall mean the period beginning on the date of termination and ending on the date that the Employment Period would have ended pursuant to this Section 3 due to lapse of time (assuming no further extensions of the Employment Period beyond those already approved as of the date of termination), without regard to Section 14.

  • Xxxxxx xxx less than seventy percent (70%) of the Executive's then-current Salary and Annual Cash Bonus for the Balance of the Term, then the Executive shall be entitled to receive periodic payments of seventy percent (70%) of his then-current Salary and Annual Cash Bonus (determined pursuant to Section 4 of this Agreement) for the Balance of the Term.

  • In addition, the Employer shall continue to pay to the Employee 50% of the Employee's Base Salary for the Balance of the Term, provided however, that any such payments shall be reduced by any amounts received by the Employee pursuant to the Employer's long-term disability plan during the Balance of the Term.

  • In addition, the Employer shall continue to pay to the Employee the Employee's Base Salary for the Balance of the Term, provided, however, that if the Employee voluntarily terminates his employment for Good Reason within the meaning of Subparagraph (v) of Paragraph (n) of Section 1 after a Change in Control, the Base Salary to be so continued shall be the Employee's Base Salary in effect immediately prior to such Change in Control.

  • Prior to a Change in Control, the Employee shall not be required to mitigate the amount of any damages that the Employee may incur as a result of such termination of employment for the lesser of (x) eighteen (18) months after the date of such termination or (y) the Balance of the Term.

  • After such 18-month period, the Employee shall be required to mitigate any damages that the Employee may incur as a result of such termination and the amount of payments due hereunder for the remaining Balance of the Term, if any, by seeking employment comparable in terms of compensation, position and location to the Employee's employment hereunder (other than such employment as would result in a breach of Section 13 hereof).

  • On the Closing Date, the proceeds of the Initial Term C Loans, together with other funds (if any) provided by the Parent Borrower, were deposited into the applicable Term C Loan Collateral Accounts such that the Term C Loan Collateral Account Balance of the Term C Loan Collateral Account established for the benefit of each Term Issuing Lender equaled at least the Term Letter of Credit Outstandings of such Term Issuing Lender.

  • Except as provided in subsection 2.3.2, the Principal Balance of the Term Loan shall bear interest at a per annum rate equal to the Base Rate, plus the Applicable Margin.

  • If, following such termination prior to a Change in Control, the Employee obtains any other employment, then any amounts that the Employee earns from such other employment during the Balance of the Term remaining after the 18-month anniversary of the date of such termination, if any, shall offset and reduce the amounts payable to the Employee as a result of the termination of the Employee's employment without Cause or for Good Reason.


More Definitions of Balance of the Term

Balance of the Term means the period of time remaining on the scheduled Term after giving effect to the most recent extension of the Term occurring prior to any termination of the Term.
Sample 1
Balance of the Term shall have the meaning ascribed to it in section 3.1 of this Agreement;
Sample 1
Balance of the Term means the period from the date of termination of the Lease until the Terminating Date.
Sample 1

Related to Balance of the Term

  • (2) The term Director’ means the Director of

  • (f) The term inventor’ means the individual or, if

  • (5) the term rural area’ means a city, town, or unincor- porated area that has a population of not more than 10,000 inhabitants.

  • (1) The term contractor’ means a private entity that enters into a contract with an agency.

  • (B) the term biomass’ means any organic matter that is available on a renewable or recurring basis, including agricul- tural crops and trees, wood and wood wastes and residues, plants (including aquatic plants), grasses, residues, fibers, and animal wastes, municipal wastes, and other waste materials.’’.

  • (3) The term Treaty on Open Skies’ means the Treaty on Open Skies, signed at Helsinki on March 24, 1992.’’

  • (iv) the term covered period’ means

  • (6) The term Secretary’ means the Secretary of

  • (C) the term affiliate’ means a company that, by reason of ownership or control of 25 percent or more of the outstanding shares of any class of voting securities of one or more companies, directly or indirectly, controls, is controlled by, or is under common control with, another company.’’.

  • (11) The term health promotion’ means—

  • (15) The term data’ means recorded informa-

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • (i) the term claimed invention’ means the subject

  • (8) The term Secretary’ means the Secretary of Defense.

  • (ii) the term covered loan’ means a

  • (21) The term harvest rate’ means the amount of ice (at 32 degrees F) in pounds produced per 24 hours.’’.