Demotion or Removal Sample Clauses

Demotion or Removal. However, more severe discipline (or a combination of disciplinary actions) may be imposed at any point if the infraction or violation merits the more severe action. The Employer, at its discretion, is also free to impose less severe discipline in situations which so warrant. The deduction of fines from an employee's wages shall not require the employee's authorization for the withholding of fines from the employee's wages.
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Demotion or Removal. The Executive shall be deemed to have been subjected to “Demotion or Removal” if, during the two-year period commencing on the date of a Change of Control, other than by Voluntary Resignation or with the Executive’s written consent, the Executive ceases to hold the highest position held by him at any time during the one year period ending on the date of the Change of Control with all of the duties, authority, and responsibilities of that office as in effect at any time during the one year period ending on the date of the Change of Control.
Demotion or Removal. Mxxxx shall be deemed to have been subjected to “Demotion or Removal:”
Demotion or Removal. Xxxxx shall be deemed to have been subjected to "Demotion or Removal:"
Demotion or Removal. Executive shall be deemed to have been subjected to “Demotion or Removal” if (other than by voluntary resignation or with Executive’s written consent) Executive ceases to hold the highest position as an employee/officer of Invacare held by him at any time during the effectiveness of this Agreement with all of the duties, authority, and responsibilities of that office as in effect at any time during the effectiveness of this Agreement.
Demotion or Removal. Noalx xxxll be deemed to have been subjected to "Demotion or Removal" if, during the Schduled Term and other than by Voluntary Resignation, Noalx xxxses to be Chief Administrative Officer of KeyCorp, unless the reason for Noalx xxxsing to be Chief Administrative Officer of KeyCorp, is that Noalx xxx promoted to a higher position, in which case, ceasing to hold the higher position at any time
Demotion or Removal. Meyex xxxll be deemed to have been subjected to "Demotion or Removal" if Key removes Meyex xxxm the office of President of Key other than in connection with a promotion of Meyex, xxth his agreement, to a higher executive position or Meyex xxxls to be at any time after a Change of Control the President of the Surviving Entity other than in connection with a promotion of Meyex, xxth his agreement, to a higher executive position.
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Demotion or Removal. Lauex xxxll be deemed to have been subjected to "Demotion or Removal" if (a) without Lauex'x xxxress written consent, Oglebay removes Lauex xxxm any of the offices of Chairman of the Board of Directors (after Lauex xxx been elected to that office), President, or Chief Executive Officer of Oglebay, or (b) Oglebay becomes a subsidiary of another corporation or similar entity and Lauex xxxs not hold the posts of Chairman of the Board of Directors, President, and Chief Executive Officer of that other corporation or similar entity (except the fact that Lauex xxxs not hold one or more of such posts in these circumstances will not constitute a Demotion or Removal if Lauex xxx, by his express written consent, agreed that his not holding those posts should not constitute a Demotion or Removal).
Demotion or Removal. Gillxxxxx xxxll be deemed to have been subjected to "Demotion or Removal" if, other than by Voluntary Resignation, during the period of Gillxxxxx'x xxxloyment under this Agreement (i) Gillxxxxx xxxses to be a director of Key, (ii) Gillxxxxx ceases to be Chairman of the Board of Directors of Key, or (iii) Gillxxxxx ceases to be Chief Executive Officer of Key.

Related to Demotion or Removal

  • Resignation or Removal of Trustee (a) The Trustee may at any time resign by giving written notice of such resignation to the Company and by delivering notice thereof to the Holders. Upon receiving such notice of resignation, the Company shall promptly appoint a successor trustee by written instrument, in duplicate, executed by order of the Board of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If no successor trustee shall have been so appointed and have accepted appointment within 45 days after the giving of such notice of resignation to the Holders, the resigning Trustee may, upon ten Business Days’ notice to the Company and the Holders, petition any court of competent jurisdiction, at the expense of the Company, for the appointment of a successor trustee, or any Holder who has been a bona fide holder of a Note or Notes for at least six months (or since the date of this Indenture) may, subject to the provisions of Section 6.11, on behalf of himself or herself and all others similarly situated, petition any such court for the appointment of a successor trustee. Such court may thereupon, after such notice, if any, as it may deem proper and prescribe, appoint a successor trustee.

  • Resignation or Removal of Owner Trustee The Owner Trustee may at any time resign and be discharged from the trusts hereby created by giving written notice thereof to the Administrator and the Depositor. Upon receiving such notice of resignation, the Administrator shall promptly appoint a successor Owner Trustee (acceptable to the Depositor) by written instrument, in duplicate, one copy of which instrument shall be delivered to the resigning Owner Trustee and one copy to the successor Owner Trustee. If no successor Owner Trustee shall have been so appointed and have accepted appointment within thirty (30) days after the giving of such notice of resignation, the resigning Owner Trustee may petition any court of competent jurisdiction for the appointment of a successor Owner Trustee. If at any time the Owner Trustee shall cease to be eligible in accordance with the provisions of Section 10.1 and shall fail to resign after written request therefor by the Administrator, or if at any time the Owner Trustee shall be legally unable to act, or shall be adjudged bankrupt or insolvent, or a receiver of the Owner Trustee or of its property shall be appointed, or any public officer shall take charge or control of the Owner Trustee or of its property or affairs for the purpose of rehabilitation, conservation or liquidation, or the Owner Trustee shall otherwise become incapable of acting, then the Administrator shall remove the Owner Trustee. If the Administrator shall remove the Owner Trustee under the authority of the immediately preceding sentence, the Administrator shall promptly appoint a successor Owner Trustee (acceptable to the Depositor) by written instrument, in duplicate, one copy of which instrument shall be delivered to the removed Owner Trustee and one copy to the successor Owner Trustee. Any resignation or removal of the Owner Trustee and appointment of a successor Owner Trustee pursuant to this Section 10.2 shall not become effective until acceptance of appointment by the successor Owner Trustee pursuant to Section 10.3 and payment of all fees and expenses owed to the outgoing Owner Trustee. The Administrator shall provide notice of such resignation or removal of the Owner Trustee to the Depositor, the Certificateholders, the Indenture Trustee, the Noteholders and the Rating Agencies.

  • Effect of Resignation or Removal With effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and the L/C Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section 9.06). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article XI and Section 11.04 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (A) while the retiring or removed Administrative Agent was acting as Administrative Agent and (B) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including, without limitation, (1) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Secured Parties and (2) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent.

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