Distribution in Case of Termination Sample Clauses

Distribution in Case of Termination. Upon a Termination Event, the Manager, or upon the withdrawal of the Manager, such liquidating agent as the Members acting by a Majority Vote may appoint, shall proceed to wind up the affairs of the Company, liquidate the assets and apply and distribute the proceeds in the following order of priority:
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Distribution in Case of Termination. Upon the termination of the Partnership, the General Partner, or upon the removal of the General Partner, such liquidating agent as a Majority-In-Interest may appoint, shall proceed to wind up the affairs of the Partnership, liquidate the assets and apply and distribute the proceeds, unless within ninety (90) days after such event either Super-Majority of the Partners or Partner A take an Action to Continue the Partnership, in the following order of priority:
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Distribution in Case of Termination. Upon the termination of the Company, the managers shall proceed to wind up the affairs of the Company, liquidate the assets and apply and distribute the proceeds, unless within ninety (90) calendar days after such event all of the remaining members agree in writing to continue the Company, in the following order of priority:
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Related to Distribution in Case of Termination

  • Compensation in the Event of Termination In the event that the Executive’s employment hereunder terminates prior to the expiration of this Agreement for any reason provided in Section 5 hereof, the Company shall pay the Executive, compensation and provide the Executive and the Executive’s eligible dependents with benefits as follows:

  • Termination Following a Change of Control If the Employee's employment terminates at any time within eighteen (18) months following a Change of Control, then, subject to Section 5, the Employee shall be entitled to receive the following severance benefits:

  • Termination Following a Change in Control (a) In the event of the occurrence of a Change in Control, the Executive's employment may be terminated by the Company or a Subsidiary during the Severance Period and the Executive shall be entitled to the benefits provided by Section 4 unless such termination is the result of the occurrence of one or more of the following events:

  • Notice; Effective Date of Termination (a) Termination of Executive’s employment pursuant to this Agreement shall be effective on the earliest of:

  • Compensation Following Termination In the event that Executive’s employment hereunder is terminated, Executive shall be entitled only to the following compensation and benefits upon such termination:

  • Termination of Employment Following a Change in Control Notwithstanding the provisions of Section 6.3 hereof to the contrary, if the Employee’s employment by the Company is terminated by the Company in accordance with the terms of Section 4 of the Termination Agreement and the Employee is entitled to benefits provided in Section 5 of the Termination Agreement, the Company shall pay to the Employee, in a lump sum in cash within 30 days after the Date of Termination, the aggregate of the Employee’s Base Salary (as in effect on the Date of Termination) through the Date of Termination, if not theretofore paid, and, in the case of compensation previously deferred by the Employee, all amounts of such compensation previously deferred shall be paid in accordance with the plan documents governing such deferral. Except with respect to the obligations set for forth in the Termination Agreement, notwithstanding any provisions herein to the contrary, all other obligations of the Company and rights of the Employee hereunder shall terminate effective as of the Date of Termination.

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