Company Action means a Proceeding in which a Claim has been brought by or in the name of the Company to procure a judgment in its favor.

Company Action means a Company or Subsidiary declared force management program, sale of a unit or portion of a unit, Company or Subsidiary initiated transfer of a Participant to a corporation, partnership, limited liability company or other business entity in which the Company has an equity interest and which does not constitute a Subsidiary or placement of the job function of a Participant with an outsourcing contractor.

Company Action. Level RBC" means,

Examples of Company Action in a sentence

Notwithstanding the foregoing, AIG may, at any time as it deems necessary in its sole discretion and in compliance with applicable law, make a contribution to the Company in such amount as is required for the Company's Total Adjusted Capital to equal a percentage of its Company Action Level RBC determined to be appropriate by the Company and AIG.
Specifically, required capital for the life insurance companies in the US is calculated as two times the upper end of the Company Action Level range (200%) as applied by the National Association of Insurance Commissioners in the US.
For the avoidance of doubt, the terms "Total Adjusted Capital" and "Company Action Level RBC" shall have the meanings ascribed thereto under the insurance laws and regulations of the Domiciliary State, or, if not defined therein, shall have the meanings ascribed thereto in the risk-based capital ("RBC") instructions promulgated by the National Association of Insurance Commissioners ("NAIC").
The Executive may terminate his employment during the Protected Period for “Good Reason” by giving notice of termination to the Company following (i) any Company Action or (ii) receipt of notice from the Company of the Company’s intention to take any such Company Action.
Notwithstanding the foregoing, the Company shall not indemnify and hold harmless Indemnitee with respect to any Losses (as opposed to Expenses) in connection with or arising from any Company Action.

More Definitions of Company Action

Company Action shall have the meaning ascribed to such term in Section 3.1(i).

Company Action means any Action that directly or indirectly involves the Senior Manager, or with which the Senior Manager may be threatened, in each instance relating to or arising from or out of the business and affairs of the Company or its affiliates.

Company Action means a Proceeding in which a Claim has been brought by or in the name of the Company to procure a judgment in its favor. “Corporate Status” describes the status of a Person who is, was or may be deemed to be a director, officer, limited liability company manager, partner, employee, controlling person, agent or fiduciary of any Covered Entity.

Company Action means (i) any Company Sale or (ii) any action that is approved by the Executive Committee, taken by the Company or the Company Subsidiaries and set forth in Section 7.16 of the Company Disclosure Letter.

Company Action shall have the meaning set forth in Section 3.08.

Company Action shall have the meaning ascribed to it in 7.13(a).

Company Action. , means any Action that directly or indirectly involves the Senior Manager, or with which the Senior Manager may be threatened, in each instance relating to or arising from or out of the business and affairs of the Company or its affiliates.