After Termination Date Sample Clauses

After Termination Date. The conversion rights granted herein to Lender shall continue and be in full force and effect and Lender may exercise all or a portion thereof until 10 business days after the occurrence of the Termination Date. In the event that Maker tenders payment to Lender of all amounts due and owing under the Amended Agreement and/or each executed Secured Promissory Notes or any of the other Loan Documents ("FULL PAYMENT"), Lender may elect to convert all or a portion of the amount of the debt for which Maker has tendered payment by serving Maker with a Conversion Notice as set forth above. In the event that Lender does not timely serve Maker with such a Conversion Notice, the Full Payment shall be deemed accepted, the aggregate amount of the debt due and owing to Lender by Maker shall be reduced by the amount of such Full Payment and the all of Lender's conversion rights shall terminate.
Sample 1
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After Termination Date. If Executive remains employed by the Company through the Termination Date, then, subject to Executive executing and not revoking the Release and not breaching the provisions of Section 10 of the Employment Agreement, (1) Executive shall entitled to receive continued payments at a rate equal to Executive’s current salary rate, for a period commencing on the January 1, 2005 and ending on December 31, 2005, to be paid periodically, less applicable withholding, in accordance with the Company’s standard payroll practices, and (2) the Company shall waive the cost for the Executive to continue Executive’s group medical coverage (including Executive’s group dental and vision coverage but only to the extent that Executive is enrolled in such coverage prior to the Termination Date) with the Company should Executive decide to exercise Executive’s right to do so in accordance with COBRA. Such waiver of cost shall cease upon the earlier of twelve (12) months from the effective date of such coverage or the date on which the Executive obtains equivalent coverage elsewhere.
Sample 1
After Termination Date. The conversion rights granted herein to Lender shall continue and be in full force and effect and Lender may exercise all or a portion thereof until 10 business days after the occurrence of the Termination Date. In the event that Maker tenders payment to Lender of all amounts due and owing under this Agreement and/or each of executed Secured Promissory Notes or any of the other Loan Documents ("FULL PAYMENT"), Lender may elect to convert all or a portion of the amount of the debt for which Maker has tendered payment by serving Maker with a Conversion Notice as set forth above. In the event that Lender does not timely serve Maker with such a Conversion Notice, the Full Payment shall be deemed accepted, the aggregate amount of the debt due and owing to Lender by Maker shall be reduced by the amount of such Full Payment and the all of Lender's conversion rights shall terminate. SECTION EIGHT LENDER'S AND AGENT'S FEES As further consideration and inducement for Lender to provide and hold the Line of Credit available to Maker, Maker will issue to Lender within ten (10) days of the first Note advance Sixty Thousand (60,000) shares of Series A Preferred Stock.
Sample 1
After Termination Date. The conversion rights granted herein to Lender ---------------------- shall continue and be in full force and effect and Lender may exercise all or a portion thereof until 10 business days after the occurrence of the Termination SECOND AMENDMENT TO LINE OF THE CREDIT AGREEMENT BETWEEN DYNA-CAM AND AZTOR EFFECTIVE DATE AUGUST 30, 2003; PAGE 7 OF 11 -------------------------------------------------------------------------------- Date. In the event that Maker tenders payment to Lender of all amounts due and owing under the Amended Agreement and/or each executed Secured Promissory Notes or any of the other Loan Documents ("Full Payment"), Lender may elect to convert all or a portion of the amount of the debt for which Maker has tendered payment by serving Maker with a Conversion Notice as set forth above. In the event that Lender does not timely serve Maker with such a Conversion Notice, the Full Payment shall be deemed accepted, the aggregate amount of the debt due and owing to Lender by Maker shall be reduced by the amount of such Full Payment and the all of Lender's conversion rights shall terminate.
Sample 1

Related to After Termination Date

  • After Termination In the event of a Voluntary Termination or Termination for Cause, Officer covenants that he shall not for one year following such termination directly or indirectly as an owner, partner, shareholder, employee, consultant, or in any similar manner engage, in competition with the corporation, in the same type of business as the corporation is engaged at the time of the termination, it being understood that the competitive nature of any other ownership, employment, consultation or other activity shall be determined in good faith by the Board of Directors of the Corporation. Notwithstanding the foregoing, the purchase or holding by Officer as an investment or otherwise of up to one percent of the outstanding stock or other securities of any such competitive corporation or business which has its securities publicly traded on any recognized securities exchange or in the over-the-counter market of five percent of the stock of any privately held corporation shall not constitute a breach of the covenant contained in this Section 5.2.

  • Death after Termination In the event of the death of Executive during the period Executive is receiving payments pursuant to this Agreement, Executive’s designated beneficiary shall be entitled to receive the balance of the payments; or in the event of no designated beneficiary, the remaining payments shall be made to Executive’s estate.

  • Earlier Termination Your employment hereunder shall terminate prior to the Initial Term (or any renewal term, in the event of renewal) on the following terms and conditions:

  • Rights After Termination 15.1 All rights and obligations of the parties which accrue on or before the effective termination date shall be fully enforceable by either party after termination.

  • Payments After Termination No payments of money by Tenant to Landlord after the termination of this Lease, in any manner, or after giving of any notice (other than a demand for payment of money) by Landlord to Tenant, shall reinstate, continue or extend the term of this Lease or affect any notice given to Tenant prior to the payment of such money, it being agreed that after the service of notice of the commencement of a suit or other final judgment granting Landlord possession of the Premises, Landlord may receive and collect any sums of rent due, or any other sums of money due under the terms of this Lease or otherwise exercise its rights and remedies hereunder. The payment of such sums of money, whether as rent or otherwise, shall not waive said notice or in any manner affect any pending suit or judgment theretofore obtained.

  • Survival After Termination The agreement to arbitrate will survive the termination of this Agreement.

  • OBLIGATIONS AFTER TERMINATION Executive shall have no further obligations or liabilities hereunder after an Incapacity Termination Date except Executive’s obligations under Sections 7 and 8, which shall survive the termination or expiration of this Agreement. After an Incapacity Termination Date, Employer shall have no further obligations or liabilities hereunder except that Employer shall, not later than two (2) weeks after an Incapacity Termination Date, pay to Executive those amounts described in Section 9.2(ii); provided, however, that in the event an Incapacity Termination Date occurs at least six (6) months after the commencement of a Contract Year during the Term, Employer shall pay to Executive a pro-rated portion of the Annual Bonus for the Contract Year during which the Incapacity Termination Date occurs, such amount to be determined in the sole discretion of Employer. Additionally, Employer shall comply with the provisions of COBRA and the provisions of any Employer benefit plans in which Executive or Executive’s eligible dependents or beneficiaries are participating at the time of termination. Nothing in this Section 11 shall affect the amount of any benefits which may be payable to Executive under any insurance plan or policy maintained by Employer or Executive or pursuant to any Employer company practice, plan or program applicable to other executive-level employees of the Emmis Group.

  • Compensation After Termination (i) If the Employment Period is terminated pursuant to Executive’s resignation without Good Reason, death or Incapacity, Executive shall only be entitled to receive his/her Base Salary through the date of termination and shall not be entitled to any other salary, bonus, compensation or benefits from the Company or its Subsidiaries, except as may be required by applicable law.

  • Non-Competition After Termination In further consideration of the Company providing Executive with its confidential information, trade secrets, goodwill, and proprietary business information, Executive agrees that he shall not, at any time during the period of one (1) year after the termination of the later of the Basic Term and any extension of the Basic Term under this Agreement, for any reason, within any market or country in which the Company has operated assets or provided services, or formulated a plan to operate its assets or provide services during the last twelve (12) months of Executive’s employ, engage in or contribute Executive’s knowledge to any work which is competitive with or similar to a product, process, apparatus, services, or development on which Executive worked or with respect to which Executive had access to while employed by the Company; provided, however, that the one (1) year period set forth in this Section 5.4 shall be a two (2) year period in the case of an Executive whose employment is terminated due to Retirement.

  • Competition After Termination of Employment The Company shall not pay any benefit under this Agreement if the Executive, without the prior written consent of the Company and within 2 years from the Executive’s Termination of Employment, engages in, becomes interested in, directly or indirectly, as a sole proprietor, as a partner in a partnership, or as a substantial shareholder in a corporation, or becomes associated with, in the capacity of employee, director, officer, principal, agent, trustee or in any other capacity whatsoever, any enterprise conducted in the trading area (a 50 mile radius) of the business of the Company, which enterprise is, or may deemed to be, competitive with any business carried on by the Company as of the date of termination of the Executive’s employment or retirement. This section shall not apply following a Change in Control.

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