Garden Leave Period Sample Clauses

Garden Leave Period. The period of time during which the provisions of this Section 6 shall be in effect shall be reduced by the Garden Leave Period (if elected).
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Garden Leave Period. Except as otherwise provided in Section 7.4(g), the parties agree that there will be a Garden Leave Period of 90 days in the event of (i) Executive’s resignation from the Company without Good Reason, (ii) a termination of Executive’s employment by the Company without Cause, or (iii) a termination of Executive’s employment due to the expiration of the Term of Employment without renewal. The provisions of this Section will not apply to a termination of Executive’s employment by the Company for Cause, a termination by Executive for Good Reason, or a termination due to Executive’s Disability.
Sample 1
Garden Leave Period. You acknowledge and agree that Your employment with Capital One will continue for one hundred eighty (180) days from the date that You provide the Notice to Capital
Sample 1
Garden Leave Period. Subject to the terms set forth in Section 2 of this Transition Agreement, during the period from April 1, 2022 until May 1, 2022 (the “Garden Leave Period”), the Executive agrees that she shall remain employed by the Company, but shall have no formal duties or responsibilities. During the Garden Leave Period, the Executive shall continue to receive her base salary as in effect on the Effective Date and as though she continued to be employed on a full-time basis, but the Executive shall not be eligible to receive any quarterly cash incentive bonus for the quarter ending June 30, 2022.
Sample 1
Garden Leave Period. You agree that during the period commencing on the Effective Date and ending on September 30, 2015 (the “Garden Leave Period”), you will keep the Company informed of your whereabouts (by providing the Company with your mobile number and email address) so that you may be contacted should the need arise during normal working hours to perform any duties reasonably requested by the Company. During the Garden Leave Period, you will abide by the provisions set forth in Section 8(c) of your Employment Agreement as if the Non-Competition Period was in full force and effect until September 30, 2015. In consideration for your adherence to the obligations set forth in this Paragraph 7, during the Garden Leave Period: A. The Company will pay you the Non-Compete/Non-Solicit Payments in the total amount of $1,500,000. B. The Company will pay your Salary and provide you benefits consistent with those set forth in Section 5(a) of your Employment Agreement. C. You will continue to vest in any KCG Equity Awards and your Performance Awards as if your employment with the Company had continued through the Garden Leave Period. For the sake of clarity, the tranche of options comprising Performance Awards number A0007001 that are scheduled to vest on July 1, 2015 will remain exercisable until December 31, 2015. D. You will continue to participate in the Company’s 401(k) Profit Sharing Plan.
Sample 1

Related to Garden Leave Period

  • Effective Period This Agreement shall become effective as of the date first written above and will continue in effect for a period of three (3) years.

  • Hire Period 5.1 Where hire of the Hire Goods is to a Customer who is an individual (whether a consumer or otherwise) or relevant recipient of credit as defined under Article 60L of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 e.g. (a). a partnership consisting of two or three persons not all of whom are bodies corporate, or (b) an unincorporated body of persons which does not consist entirely of bodies corporate and is not a partnership(‘Relevant Individual’), the Hire Period shall commence on the date [specified out in writing by the Supplier] (‘Hire Start Date’) and shall end on the earlier of (i) [the date specified in the Commercial Terms Schedule]; or (ii) the last day of the 3 month period commencing on the Hire Start Date (‘Option 1 Hire End Date’). For the avoidance of doubt, as the Hire Period to Relevant Individuals is no longer than 3 months, the hire of any Hire Goods is not covered by the Consumer Credit Act 1974. 5.2 Where the Customer is not a Relevant Individual, the Hire Period shall commence on the Hire Start Date and shall end on the date specified in the Commercial Terms Schedule (‘Option 2 Hire End Date’). 5.3 On the Option 1 Hire End Date or the Option 2 Hire End Date (as applicable), the Customer shall: (i) physically return the Hire Goods into the Supplier’s possession; or (ii) make the Hire Goods available for physical repossession or collection by the Supplier [in a location specified by the Supplier], as applicable. 5.4 For the avoidance of doubt, the Hire Period shall automatically end on the Option 1 Hire End Date or the Option 2 Hire End Date, as applicable and the Customer shall not be required to pay the Rental in respect of any period in which the Hire Goods are in the Customer’s possession or control outside the Hire Period. 5.5 Notwithstanding clause 5.4, If the Customer fails to comply with its obligations in this clause 5, then it shall be liable for any financial loss which this causes the Supplier [and shall indemnify the Supplier in full and on demand in respect of any costs, liabilities, losses and expenses (including legal fees) incurred as a result].

  • Prime Time Vacation Period Subject to the provisions of this article, it is the intent of the parties that no employee will be restricted in the time of year they choose to take their vacation. The Employer will make every effort to allow employees to take their vacation during the period of April 15th to October 15th inclusive, which will be defined as the prime time vacation period.

  • Probation Period It is understood and agreed that the first ninety days of employment shall constitute a probationary period during which period the Employer may, in its absolute discretion, terminate the Employee's employment, for any reason without notice or cause.

  • Vacation Period ‌ The choice of vacation periods shall be granted to employees on the basis of seniority with the Employer except where the period requested would be detrimental to the operation of the Employer.

  • Meal Period Employees shall receive a meal period which shall commence no less than two (2) hours nor more than five (5) hours from the beginning of the employee's regular shift or when the employee is called in to work on their regular day off. The meal period shall be no less than one-half (½) hour nor more than one (1) hour in duration and shall be without compensation. Should an employee be required to work in excess of five (5) continuous hours from the commencement of their regular shift without being provided a meal period, the employee shall be compensated two (2) times the employee's straight-time hourly rate of pay for the time worked during their normal meal period and be afforded a meal period at the first available opportunity during working hours without compensation.

  • week period If an employee fails to return at the end of the family care or medical leave, the CSU may require repayment of insurance premiums paid during the unpaid portion of the leave. The CSU shall not require repayment of premiums if the employee's failure to return is due to his/her serious health condition or due to circumstances beyond the employee's control.

  • Employment During Unpaid Maternity Leave Where less than the 52 weeks Other Parent Leave is taken paid or unpaid, the unused portion of the leave cannot be banked or preserved in any way.

  • Retention Period The Engineer shall maintain all books, documents, papers, accounting records and other evidence pertaining to costs incurred and services provided (hereinafter called the Records). The Engineer shall make the records available at its office during the contract period and for seven (7) years from the date of final payment under this contract, until completion of all audits, or until pending litigation has been completely and fully resolved, whichever occurs last.

  • Service Period The Service Period of this Agreement is for 1 year in respect of the unit and starts on the Start Date as defined in the Terms and Conditions, or, in the case of an extension of renewal of the provision of Support Services, starts on the date of payment of the Charges.

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