Reversion Rights definition

Reversion Rights means those rights of reversion provided to Eurotech in the Assignment.
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Reversion Rights. In the event an employee is promoted and is released from their probationary status in their promoted position, the employee may be returned to a position in his/her form class if the position is vacant or if there is an equivalent vacant position per Personnel Commission Rule 9.3.3.1. In the event that an employee is promoted and is released from their probationary status and subsequently is separated from the permanent classified service, he/she shall have full appeal rights as if the employee had completed permanency in his/her present class per Personnel Commission Rule, 19.1.11. In the event that the Personnel Commission Rules change in relation to this definition, this definition will reflect that change.
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Reversion Rights means the rights of an employee to revert back to his/her former position in accordance with the terms and conditions of this Agreement;
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Examples of Reversion Rights in a sentence

  • On January 29, 2010 the Trustor, the Beneficiary and the Trustee entered into the Irrevocable Security Trust Agreement with Reversion Rights No. F/00737 (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the “Trust Agreement”).

  • IN VIRTUE OF THE FOREGOING, this Conveyance Agreement to the Irrevocable Administration Trust Agreement with Reversion Rights No. F/[●] is executed on [●] of 2013.

  • In consideration of the payment of fees and royalties by WEL as set forth in Section 3 below, Eurotech hereby releases and waives the Reversion Rights, and transfers to WEL all of its rights in and to the business concept and URL's.

  • On [●] of 2013, the Irrevocable Administration Trust with Reversion Rights Number F/[●] (the “Trust Agreement”) was executed.

  • Save as expressly provided in Section 8.4.3 and Section 8.5 (Reversion Rights), termination of this Agreement for any reason shall effect the immediate and simultaneous termination of all Sublicenses and of all rights extended to the Affiliates of AMT subject to the provisions of Section 8.4.2 (GDNF Product in Stock).

  • The insurance policies listed and described on Annex A to the Irrevocable Administration and Security Trust Agreement with Reversion Rights, dated the Third Amendment Closing Date, with respect to the real estate and the equipment used to operate the Four Seasons Mexico City and the Four Seasons Punta Mita which are the Company’s responsibility, are valid and effective as of the date hereof.

  • Institución de Banca Múltiple Grupo Financiero Banorte Attention: Trustee Division My dear sirs: We make reference to the Irrevocable Administration Trust Agreement with Reversion Rights No. [●] dated [●] of 2013 (as, it be modified, supplemented or amended and restated at any time, the “Trust Agreement”).

  • On January 29, 2010, the Trustor, the Beneficiary and the Trustee entered into the Irrevocable Security Trust Agreement with Reversion Rights No. F/00737 (as amended, extended, restructured, renewed, novated, supplemented, restated, refunded, replaced or modified from time to time, the “Trust Agreement”).

  • In consideration of the payment of royalties by CAC as set forth in Section 3 below, Macrovision hereby releases and waives the Reversion Rights, and transfers to CAC all of its rights in and to the Technology.

  • On September 17, 2012, an Irrevocable Administration Trust Agreement with Reversion Rights Number F/111523-3 was entered into (the “Trust Agreement”).


More Definitions of Reversion Rights

Reversion Rights. In the event an employee is promoted and is released from their probationary status in their promoted position, the employee may be returned to a
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Reversion Rights means those rights of reversion provided to Macrovision in the Assignment.
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Reversion Rights. Should Genzyme not advance the Product using commercially reasonable efforts or discontinue development or commercialization of the Product, then all rights to the Product will revert back to Isis (the “Reversion”), including a license to or reassignment of all patent claims and transfer of all data and regulatory filings controlled by Genzyme that are necessary to develop and commercialize the Product solely for such purpose. The license will be sublicensable. Notwithstanding the foregoing, in the event that the approved label for the Product [***] that are not currently anticipated by the parties, the parties will discuss in good faith the extent to which such [***] changes the [***] for the Product. In consideration for the Reversion, Genzyme would receive a royalty on Net Revenue. Genzyme’s royalty would be (i) [***] of Net Revenue if the Reversion occurred prior to the approval of the Product in an FH indication, (ii) [***] of Net Revenue if the Reversion occurred prior to the approval of the Product for a non-FH indication, and (iii) [***] of Net Revenue if the Reversion occurred at the time of or after the approval of the Product for a non-FH indication. Notwithstanding the foregoing in no event will the total royalty payable to Genzyme exceed the aggregate amount of Program Costs that Genzyme has contributed to the Product, with interest thereon at [***] per year, net of any amounts paid for by Isis or covered by Product Revenue. Manufacture of Product Isis will supply the API for the Product for the Phase 2 clinical trials at the cost that Isis calculates on an annual basis as its fully-burdened cost. Further, Isis agrees to supply the Pivotal Trial and initial launch supply of API for the Product at its fully burdened cost, as calculate on an annual basis, which costs will be included in Program Costs and the calculation of Net Profit. The parties will enter into a supply agreement for Isis’ supply of the API for the Product which will contain mutually agreeable terms and conditions. The Parties anticipate that Genzyme will build manufacturing capability to manufacture API for commercial supply, however, Genzyme and Isis will mutually agree on the use of third parties to manufacture the Product. Indemnity Each Party will indemnify the other Party, from and against any third party claims to the extent occurring as a result of the negligence or willful misconduct of the indemnifying party; except to the extent such claims result from the gross negl...
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Reversion Rights has the meaning set forth in Section 4.6.
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Reversion Rights has the meaning set forth in Section 14.6.1(c).
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Related to Reversion Rights

  • Conversion Rights means exchange of, or the rights to exchange, the Principal Amount of the Loan, or any part thereof, for fully paid and nonassessable Common Stock on the terms and conditions provided in the Debentures.

  • Acceleration Right means the Participant’s right, in certain circumstances, to exercise its outstanding Option as to all or any of the Common Shares in respect of which such Option has not previously been exercised and which the Participant is entitled to exercise, including in respect of Common Shares not otherwise vested at such time;

  • Conversion Right has the meaning set forth in Section 4.05(a) hereof.

  • Put Right has the meaning set forth in Section 8.05(a).

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Repurchase Option has the meaning set forth in Section 1.3(a) hereto.

  • Exchange Rights means any rights granted to limited partners of Simon Property Group, L.P., a Delaware limited partnership (including pursuant to an Exchange Rights Agreement) to exchange (subject to the Ownership Limit) limited partnership interests in such Partnership for shares of Capital Stock or cash at the option of the Corporation.

  • Financial Transmission Right Option means a right to receive Transmission Congestion Credits as specified in Operating Agreement, Schedule 1, section 5.2.2(c), and the parallel provisions of Tariff, Attachment K-Appendix, section 5.2.2(c).

  • Tandem Appreciation Right means an Appreciation Right granted pursuant to Section 5 of this Plan that is granted in tandem with an Option Right.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Stock Options means the collective reference to "Incentive Stock Options" and "Other Stock Options".

  • First Refusal Right means the right granted to the Corporation in accordance with Article E.

  • Restricted Shares shall have the respective meanings set forth in Section 2.14.

  • Share Appreciation Right means the right pursuant to an Award granted under Section 8 below to receive an amount equal to the excess, if any, of (i) the aggregate Fair Market Value, as of the date such Award or portion thereof is surrendered, of the Shares covered by such Award or such portion thereof, over (ii) the aggregate Exercise Price of such Award or such portion thereof.

  • Membership Rights means all of the rights of a Member in the Company, including a Member’s: (a) Interest; (b) right to inspect the Company’s books and records; (c) right to participate in the management of and vote on matters coming before the Company; and (d) unless this Operating Agreement or the Certificate of Formation provide to the contrary, right to act as an agent of the Company.

  • Repurchase Right means the right granted to the Corporation in accordance with Article D.

  • Non-Permitted Transferee A Person other than a Permitted Transferee.

  • Redemption Rights means the redemption rights provided for in Section 9.2 of the SPAC Certificate of Incorporation.

  • Restricted Stock Grant means Shares awarded under the Plan as provided in Section 9.

  • Restricted Stock Purchase Right means a right to purchase Stock granted to a Participant pursuant to Section 8.

  • Non-Tandem Stock Appreciation Right means the right to receive an amount in cash and/or stock equal to the difference between (x) the Fair Market Value of a share of Common Stock on the date such right is exercised, and (y) the aggregate exercise price of such right, otherwise than on surrender of a Stock Option.

  • Rollover Options has the meaning provided in Subsection 3.1(h).

  • Exchange Right has the meaning ascribed thereto in Section 5.1;

  • Purchase Right means an option to purchase shares of Common Stock granted pursuant to the Plan.

  • Dissent Rights means the rights of dissent in respect of the Arrangement described in the Plan of Arrangement;