Release Period definition

Release Period means the period specified in paragraph 3(d) of the letter of consent.

Release Period means the sixty-day period following a Participant’s Qualifying Termination during which the Release must be executed (and not revoked) by the Participant.

Release Period means any period following the Ramp-Up Period and prior to the Commitment Termination Date that the Borrower is in compliance with the Collateral Quality Tests.

Examples of Release Period in a sentence

• If it is determined that this Award is subject to Section 409A and the Release Period set forth in Section 3(c) of this Award Agreement crosses tax years, then the Settlement Date shall occur in the second tax year.

• If the Release Agreement does not become fully effective and irrevocable prior to the expiration of the Release Period, all Performance Stock Units will be forfeited immediately, automatically and without consideration as of the date of your termination of employment (or, as applicable, Continuous Service).

• If Executive fails to execute and deliver the Release to the Company during the Release Period, or if the Release is revoked by Executive or otherwise does not become effective and irrevocable in accordance with its terms, then Executive will receive only the accrued benefits under Section 2(a) of this Agreement and will not be entitled to any other payment or benefit under Section 2(b) of this Agreement.

• Per Section 6 of the MCC, release of LRA funds will occur, if available, in accordance with the MCC’s Release Period.

• If a seller’s LRA balance exceeds the Required Amount for their MCC during the Release Period, the amount to be released to a seller in the Aggregate Pool will equal the result of the following: All LRA funds in the Aggregate Pool minus the Aggregate Pool Required Amount multiplied by the following ratio: seller’s LRA balance exceeding the MCC Required Amount divided by the sum of all Aggregate Pool MCC’s LRA balances that exceed the MCC Required Amount.

More Definitions of Release Period

Release Period means the period from and including the First Release Distribution Date to and including the Last Release Distribution Date.

Release Period means the 60-day period following a Participant’s termination of employment.

Release Period means a period (a) commencing upon the release and termination of the security interests in the Collateral pursuant to Section 6.15(d) of the Collateral Agreement and (b) ending when Holdings and the Parent Borrower are required to satisfy the Collateral and Guarantee Requirement as provided in Section 5.11(b).

Release Period means a period (a) commencing upon the release and termination of the Guarantees of the Subsidiary Loan Parties and the security interests in the Collateral pursuant to Section 7.13(b) of the Collateral Agreement and (b) ending when the Borrower is required to satisfy the Collateral and Guarantee Requirement as provided in Section 5.16(b).

Release Period means the following periods, as applicable: (i) the first Release Period for the first Earnout Period will commence one day after the termination date of the first Earnout Period and will terminate on the first anniversary of such termination date, and the second Release Period for the first Earnout Period will commence one day after the first anniversary of the termination date of the first Earnout Period and will terminate on the second anniversary of such termination date; (ii) the first Release Period for the second Earnout Period will commence one day after the termination date of the second Earnout Period and will terminate on the first anniversary of such termination date, and the second Release Period for the second Earnout Period will commence one day after the first anniversary of the termination date of the second Earnout Period and will terminate on the second anniversary of such termination date; and (iii) the first Release Period for the third Earnout Period will commence one day after the termination date of the third Earnout Period and will terminate on the first anniversary of such termination date, and the second Release Period for the third Earnout Period will commence one day after the first anniversary of the termination date of the third Earnout Period and will terminate on the second anniversary of such termination date.

Release Period shall be as defined in Section 3.2.

Release Period means the later of (i) the 14th day following the Participant’s Qualifying Termination and (ii) the expiration of any applicable consideration and revocation periods under the Age Discrimination in Employment Act of 1967, as amended by the Older Workers Benefit Protection Act, but in any event no later than the 55th day following the Participant’s Qualifying Termination.