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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).
Garden Leave PeriodYou 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.
Garden Leave PeriodExcept 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.
Garden Leave PeriodYou 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
Garden Leave PeriodSubject 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.

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 8.1 Hire charges shall commence from the time the Equipment is collected by the Client from the Supplier’s premises and will continue until the return of the Equipment to the Supplier’s premises, or as specified in the specified Hire Period as follows: (a) Half Day – four (4) hours or overnight providing the Equipment is collected after 4pm and returned by 8.30am the following day with a maximum usage time of four (4) hours. (b) Daily – twenty four (24) hours with a maximum usage time of 8 hours. Should the current Weekly rate be lesser than the accumulated daily rate, then the Weekly hire rate will apply. (c) Weekly – shall mean five (5) consecutive days with a maximum usage time of fifty six (56) hours. (d) Monthly – shall mean one (1) calendar month with a maximum usage time of one hundred and eighty (180) hours. (e) Weekend – shall be as agreed with the Supplier, otherwise daily hire rates will apply. 8.2 If the Supplier agrees with the Client to deliver and/or collect the Equipment, hire charges shall commence from the time the Equipment leaves the Supplier’s premises and continue until the Client notifies the Supplier that the Equipment is available for collection, and/or until the expiry of the Minimum Hire Period, whichever last occurs. 8.3 The date upon which the Client advises of termination shall in all cases be treated as a full day’s hire. 8.4 Late return will incur a minimum of four (4) hour additional fee. 8.5 If the Client wishes to de-hire the Equipment at an earlier date than was originally agreed, then the Supplier reserves the right to charge the Client at the applicable rate for the actual Hire Period used and any long term discount previously applied will be void. 8.6 No allowance whatsoever can be made for time during which the Equipment is not in use for any reason, unless the Supplier confirms special prior arrangements in writing. In the event of Equipment breakdown provided the Client notifies the Supplier immediately, hiring charges will not be payable during the time the Equipment is not working, unless the condition is due to negligence or misuse on the part of or attributable to the Client.

  • 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.

  • Period of Leave An employee shall be granted extended military leave for the initial period of enlistment, service, or tour of duty for a period not to exceed five (5) years. In addition, leave shall be granted for a period up to six (6) months from the date of release from duty if the employee requests such extension.

  • Meal Period A Contractor shall schedule an unpaid period of not more than 1/2 hour duration at the work location between the 3rd and 5th hour of the scheduled shift. A Contractor may, for efficiency of operation, establish a schedule which coordinates the meal periods of two or more crafts. If an employee is required to work through the meal period, the employee shall be compensated in a manner established in the applicable Schedule A.

  • week period During each bi-weekly pay period there shall be four (4) days off of which two (2) shall be scheduled as consecutive days off. The Employer will endeavour to provide schedules of not more than five

  • Employment During Unpaid Maternity Leave (a) Special Temporary Employment (i) For the purposes of this subclause, “temporary” means employment of an intermittent nature; for a limited, specified period; and undertaken during unpaid Maternity Leave or extended unpaid Maternity Leave.

  • 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.